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New and Existing Home Prices, Foreclosures – December 2013

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Las Vegas Population and Economic Growth
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Nevada’s Underground Oil Potentially Bigger Than Texas’

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More High-tech Jobs Coming to Las Vegas. Take-Two Interactive.

Las Vegas is starting to look more like ‘Silicon Desert.” Most people know that downtown Las Vegas is home to Zappos.com and a burgeoning start-up/incubator tech culture. Today it was announced that Take–Two Interactive, makers of the video game hit Grand Theft Auto and many other titles are negotiating to lease an office in Las…
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Appraisals Coming in Low? Pendulum Swings But Fails to Hit Some People in the Head

In last Friday’s article at “The Real Deal,” http://therealdeal.com/blog/2012/06/22/are-too-low-appraisals-preventing-some-markets-from-recovering/, they ask if appraisers are “scared” to value homes at higher prices in hot markets like Las Vegas. My answer is “yes” in many cases. They are not reflecting the market conditions. In Las Vegas, most reasonable properties under $200k have multiple offers with many contract prices above…
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May and June Confirm It Is a Seller’s Market in Las Vegas. Supply and Demand

The trend is continuing with increased demand and less supply. The result is multiple offers on any reasonably-priced property below $170k. List prices are also on a steep incline. Even with the increased competition for homes, buyers are still getting bargains compared to several years ago. The key is getting your offer accepted. See below…
