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Tagged : las vegas real estate market

Found 4 blog entries tagged as "las vegas real estate market".

The latest statistics are in: with interest rates hovering around 4.5% for a 30-year fixed rate mortgage, buying is 38% cheaper than renting as a national average, down from being 44% cheaper one year ago.

For example, if your rent is currently $1200 per month and you purchase a $175k home with a 3.5% down payment at a 4.5% interest rate, you would save approximately $8200 per year if home prices appreciated a modest 4% per year, or almost $50k savings over 6 years. Check out this cool buy vs rent calculator that will tell you exactly which option would benefit YOU most! Click Here

Buying a Home is Cheaper than Renting in Las Vegas

The margin between buying and renting narrowed during the past year due to rising prices around the country. But even though the gap has narrowed, this is still great

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Below is a report published in the Daily Real Estate News showing that Nevada is among the top five states Americans are moving to. But statistics in January show that single family home listing inventory, which usually increases about 10% after the December holiday season, has actually DECREASED an additional 10% in the Las Vegas market. This means many prospective buyers are unable to purchase property in a timely fashion to accomodate their move, and they are deciding to rent while pursuing their housing search. This has spiked rental rates in the Valley, making ownership of investment property here even more desirable. 

Report: The States People Are Most Moving To, From

Daily Real Estate News | Wednesday, January 30, 2013  

The

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The end of 2012 is almost here, and for the Las Vegas real estate market it's been mostly good news - FINALLY! The housing inventory is way down, and prices have risen steadily since the first of the year. A "balanced" market in Vegas should be be about 10,000 homes for sale. But as of today's date, there are only 3,892 single family homes actively on the market.

Here's a breakdown of the current single family homes currently for sale by price range in December vs. July. You will note that the lower end housing under $100k has dwindled significantly by almost 20%, while inventory in the rest of the price ranges has remained almost identical. 

Las Vegas Homes for Sale

Of the homes currently on the market in December, 752 (19.32%) are short sales and only 364 (9.35%) are

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While exact details have not yet been announced, it seems that help for some Las Vegas homeowners may be on the way as early as November 15th. Homeowners that have a mortgage loan guaranteed by either Freddie Mac or Fannie Mae may be able to refinance soon, even though they are underwater.

The Las Vegas real estate market was one of the hardest hit when the real estate bubble burst. Yet many Las Vegas homeowners have honored their commitment to lenders by not walking away from their homes and keeping their loans current, even though all around them they saw their neighbors bailing out. Some of those homeowners are about to reap the reward for meeting their obligations if the new plan announced by the White House comes through in November.

Homeowners with

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