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Foreclosure Updates

View the latest statistics and analysis of local Las Vegas foreclosure trends.

Found 50 blog entries about Foreclosure Updates.

The Southern Nevada economy continues to expand, and the population base has responded accordingly. An influx of new residents has helped bolster demand in the housing market.

With strengthening conditions experienced throughout 2017 expected to continue, similar housing supply-demand dynamics are likely to follow.

In October 2017, single family prices jumped 13.4 percent compared to last year, and the number of closings were also up 13.4 percent from 12 months ago.

Effective availability fell to 1.7 months (down 40.5 percent).

The number of notices of default spiked in October as regulatory and filing fee changes adjusted, but the impacts of foreclosure activity overall appears to be an issue of the past.

   

Resale market information in this

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Buying a newly constructed home involves managing a big project that needs a Realtor's help

Key Takeaways:

Buying a new home is not a slam dunk; there is a process to manage and a myriad of details to oversee. It is important for a buyer to understand both their and the builder's obligations in the process.


When it comes to house hunting, buying a brand new home often seems like a much simpler route to take. There is nothing like moving into something that has never been lived in before.

A buyer doesn’t have to remodel, repair or properly redo what the prior owners may not have done correctly in the first place.

However, buying a new home does not mean that everything is always as it should be.

Here are eight things buyers

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As I'm sure you know, there are way more than 4 activities that you should or should not do in order to improve your credit, but these 4 in particular seem to trip a lot of clients up and have even been known to ruin the the loan even after an initial approval.

So make sure that you stay on the straight and narrow by taking a quick look at these common credit mistakes!

Call Sam for help !

Sam Parker
My Credit Guy | Co-Founder, CEO
Cell: 319-560-5999
Office: 866-SCORE39 (866-726-7339)
Local: 480-999-2550
Fax: 480-999-5079
Email: sam@mycreditguy.com
www.mycreditguy.com

 

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# properties currently on market                                

  November                                      October             September

       5561                                         5711                    5719                           


# properties that came on the market last month

    November                                    October             September

       4015                                         3986                     4570


# properties that went under contract last month

      November                                October             September

       3668                                         3694                      4079


# properties that closed last month

     November             

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Among the many highly experienced agents on the Tonnesen Team, Christine Durno is one of our best !

 

Warm regards,
Christine Durno
REALTOR®

Find out why people who know me continue to refer their friends and family to me.

Berkshire Hathaway HomeServices Nevada Properties
3185 St Rose Pkwy #100 Henderson, NV 89052

Direct:  702-819-0222
Fax: 702 317 3777

Christine@GreatLasVegasHomes.com
http://www.greatlasvegashomes.com

Ask me about a ‘join.me’ online meeting!

*** CLICK HERE to get a Free Property Valuation ***

*** CLICK HERE to get a Free Comparative Market Analysis ***

 

 

 

 

 

 

 

 

 

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October 2017 Single Family Residential (SFR) closed sales were up 1.6% from September and up 13.2% compared to October 2016.

Year to date 2017 closed sales are still up 9.8% over 2016.  

The median closed sales price of a SFR dipped to $263,000 while the average closed sales price of an SFR jumped to $313,032 for a modest 1.2% increase.  

Residential resale activity continues to be brisk – leaving us with approximately 1.8 months of inventory.  

Year-to-Date luxury sales closings are on the verge of surpassing both 2013 and 2015 results and are up nearly 42% over last year.

 

 

 

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The fallacies and problems of working with only one agent

Key Takeaways

  • Many of today’s buyers think that having the listing agent represent them on a transaction will save them money and fail to consider the importance of having their interests represented exclusively.

When buyers have the option of working with a buyer’s agent who will represent their interests exclusively or working with the listing agent who has a fiduciary duty to the seller, an increasing number of buyers are choosing the listing agent, especially in overheated markets.

Recently, I had an interesting conversation about open houses with Kendyl Young, the broker-owner of Diggs.

Young tracks her agents’ open

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Buying a home can be a laborious task, especially when all the little details are considered. If the search is taking forever, or multiple offers fell through, it can be very tempting to compromise on certain wants and needs in order to finally secure a new property. While some items are definitely worth compromising on, other items are not. Below are some important items that buyers should hesitate on when it comes to compromise.

 

Location

Location. Location. Location. Or at least that's what they say, and they're right. Location is one of the most important aspects of real estate, and you should be very cautious about compromising on this when buying a new home. You can change a home,

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What does a low house appraisal mean?

A low appraisal represents a problem for buyers who are depending on financing to help them purchase a home. Lenders cannot finance a property for more than the appraised value. So unless you have extra money to fill the gap, a low appraisal could ruin your ability to purchase the home.

So what can you do if the home you want to buy appraises

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Programs that help first-time buyers put down less than 10 percent of the purchase price have been around for many years. FHA, VA, and state and local housing programs are three of the best-known sources of loans ranging from 3.5 to 5 percent down.

In recent years, some commercial lenders have offered mortgages as low as 3 percent down, and in 2017, a number of banks, credit unions, and mortgage companies introduced mortgages requiring as little as 1 percent−or even zero percent−down.

These super low-down payment programs raised fears that would generate riskier loans and possibly return the real estate economy to the days of “pulse loans” that were a big factor in the collapse of housing markets in 2007 and caused 3 to 5 million

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