The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller’s market as the new year approaches. Since last month: Active Listing Inventory has DECREASED by -199 units. Under Contract has INCREASED by +241 units. Sold units have INCREASED...
Read more
Las Vegas NV Area Sales by Type (Short Sale, REO & Standard) May 2012
Las Vegas Area June15, 2012 Active Listings by Type REO: 594 (13%) Short Sale: 1167 (25%) All Other: 2846 (62%) May 2012 Sales by Type: REO: 1357 (34%) Short Sale: 1291 (32%) Other: 1344 (34%) This is just a guide for consumers to see what types of properties are...
Read more
Las Vegas Short Sale Home Closings Are Outpacing Bank Owned Home Closings June 2012
Las Vegas short sale home closings are outpacing Las Vegas bank owned homeclosings as of today June 17, 2012. Officially 498 short sale homes have closed between June 1-17, 2012 and 434 bank owned homes have closed during the same time frame. Traditional home sales (not requiring bank approval) are outpacing each...
Read more
Las Vegas Short Sales: What is a Short Sale?
As a Las Vegas Homeowner, maybe your bank or a friend has mentioned that you should do a short sale. As a Las Vegas Area Home Buyer, maybe you have been looking at someshort sale listings. A Short Sale is when a homeowner is asking lienholder(s) to forgive part of the debt owed on a...
Read more
Las Vegas Short Sale Acronym Glossary
Here is an Acronym Glossary with commonly used terms for Las Vegas Real Estate: EMD – Earnest Money Deposit COE – Close of Escrow BPO – Broker Price Opinion REO – Real Estate Owned (AKA Bank Owned) 1031 – IRS Code for Investor Real Estate Exchanges FIRPTA – Foreign Investment in Real Property Tax...
Read more
