economy

Just a few years ago, there were so many homes in active foreclosure that many were sure that Las Vegas would never be able to bounce back, but today that number is less than 300. Market trends are seeing some change in the downward trajectory, however, as foreclosures have went up in the area recently. […]

We all know that the Las Vegas housing market was one of the top casualties during the recession. The number of foreclosures far outpaced the rest of the country and many Las Vegas residents were forced out of their homes. While we are finally seeing some positive signs that the market is regaining footing, there […]

Real estate featuring existing homes saw a bit of a stall last year. Investors began pulling out and sellers were overpricing their homes, thinking that their value was much more than reality. Signs are pointing to positive news in the first half of 2015, however. Cheaper borrowing costs and an influx of borrowers who were […]

Even with a decision from the Nevada Supreme Court, it didn’t really answer many questions that realtors, owners, and buyers had. The September ruling gave homeowner associations the power to wipe out a mortgage through foreclosure if dues to the association are left unpaid. This could have long time repercussions for the housing market in […]

The housing market in Las Vegas and the surrounding area is much stronger than it was just after the economy collapsed. However, there are still issues that need to be resolved. In fact, a new report from WalletHub has analyzed the market and it was found to be the unhealthiest market in the United States. […]

At the spring Las Vegas Housing Outlook, a panel of observers said that they believe that the housing market in Southern Nevada will make some decent gains in the next 18 months. In the first part of 2015, housing indicators, such as home closings and construction permits, stayed at the same level or even increased. […]

The Marketbeat Snapshot reports were released for the 1st quarter of 2015. These reports give a detailed look at the office, industrial, and retail sectors of commercial real estate in Las Vegas. Gains were seen in commercial real estate in the southern part of Nevada and this gives a hint that Las Vegas may be […]

If your house is on the market, we’re going to be frank. Odds are good you’re asking too much for your home. And if you keep it up, you could drag down the whole market, local real estate agents say. New reports show the number of homes languishing unsold on the Las Vegas market is […]

Realtors need to have some handle on what real estate is going to do in the future. While sometimes the predictions are right, other times they are not. That is why they look at a wide variety of different factors in the economy. Some you would expect, such as mortgage interest rates, pricing trends, and […]

While being underwater on your home loan doesn’t always mean that you are going to lose your home to foreclosure, if you live in Nevada, the chances are that you will. In Nevada, the rate of foreclosure is still comparatively high and in over half of these cases, it is due to the fact that […]