Las Vegas Houses Posts / Info

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What does CNN Say About Las Vegas Housing Market?

Is Las Vegas’ housing market ready to make a comeback? CNN Money thinks it just might.

With brisk sales, low inventory (yes, the press generally misinforms the public about Las Vegas’ home inventory) Las Vegas is poised for a turnaround.

See article from yesterday, here:

http://money.cnn.com/2011/11/09/real_estate/vegas_housing_market/index.htm?section=money_realestate&utm_source=pulsenews&utm_medium=referral&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29

WestJet of Canada Adding Flights to Las Vegas

According to the Las Vegas Sun

WestJet, which brought 873,801 passengers to Las Vegas in the 12-month period that ended July 31, has increased its flights 18% over the year prior.

A rundown of the cities, frequencies and schedule of service for the eight WestJet destinations:

Victoria, British Columbia. Flights began operating three times a week — Tuesdays, Thursdays and Sundays — through November and will revert to twice weekly Thursdays and Sundays December through April 26.

Saskatoon, Saskatchewan. Wednesday and Saturday flights run Sept. 7 through April 28.

Ottawa, Ontario. Thursday and Sunday flights will run Sept. 8 through April 26.

Hamilton, Ontario. Monday and Friday flights will operate Sept. 9 through Nov. 28.

Regina, Saskatchewan. Monday and Friday flights will operate Sept. 9 through April 27.

Prince George, British Columbia. Wednesday and Saturday service will run Sept. 10 through Nov. 26.

Kelowna, British Columbia. Tuesday and Saturday flights will run Sept. 9 through April 28.

London, Ontario. Thursday and Sunday service will operate Oct. 30 through April 26.

This means more convenient flights for my Canadian clients to buy houses and commercial properties in Las Vegas.

Full Article here

 

2nd/Junior Lien Holders Rights to Sue Curtailed Under New Bill

Darren Walsh, legal counsel, to my company explains how the bill that came into effect today will affect 2nd/Jr. lien holders’ rights to sue. A big win for the consumers. A special thanks to my broker, Heidi Kasama who helped spearhead the bill!

Take a look at the commentary at Darren’s blog: http://ameglegal.wordpress.com/2011/06/17/short-sale-junior-lien-holder-rights-other-changes/





Cash flow property in The Lakes, Las Vegas, NV


Great home for cash flow investors in The Lakes


Overview
Maps
Photos
Description
Market Stats

$185,000
Single Family Home
Main Features
3 Bedrooms
2 Bathrooms
1 Partial Bathroom
Interior: 2307 sqft
Lot: 3,986 sqft
Location
9883 Sparrow Ridge Ave
Las Vegas, NV 89117
USA
To get updates on open home dates and other property events, please click the “Like” button below:


John A. Brassner

John A. Brassner

Prudential Americana Group, REALTORS
(702) 808-9816
john@john4realty.com
http://www.NevadaRealEstateCenter.com

Listed by: John Brassner

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Las Vegas Shadow Inventory

Shadow Inventory in Las Vegas. Not what you think it is.

“Shadow inventory” are properties that are either foreclosed on or are expected to be soon and are not on the market yet. Investors often ask me about the “huge shadow inventory” looming in Las Vegas which they believe will some day flood the market. My response is, don’t always believe what you read on the investment blogs. I’ve checked and double-checked and couldn’t find much evidence of banks holding on to Las Vegas / Clark county inventory. I specifically asked Wells Fargo to confirm their previous statement that they are not holding back on releasing inventory.  A spokesman replied, “That’s correct. It’s not beneficial for us to do so. We want to get the asset sold.”

Well, now the statistics bear that out. The National Association of  Realtors just released their Las Vegas-Paradise Area Local Market Report, First Quarter 2011″ So you might think that Las Vegas is in the top three states with the most shadow inventory. Or maybe, top ten? How about the truth: LAST. Las Vegas has the LEAST AMOUNT OF inventory off the market in terms of months supply. Here is the list:

Las Vegas Shadow Inventory
Least amount of shadow inventory: Las Vegas. Graph from NAR.