January Home Price Gains Strong in Las Vegas, U.S.

From the article: "U.S. home prices, including those in Las Vegas, rose in January at the fastest pace since the summer of 2006, just before the housing bubble burst. The gain shows the housing recovery is strengthening ahead of the spring buying season."

Read more at the link provided below:
http://www.reviewjournal.com/business/housing/january-home-price-gains-strong-las-vegas-us

Photography: JEFF SCHEID
Source: REVIEWJOURNAL.com

RE/MAX Chairman and Co-Founder Discusses Housing Recovery on CBS

RE/MAX Chairman and Co-Founder David Liniger made a live appearance on last Friday's CBS This Morning show. Liniger, along with other real estate experts, discussed current market conditions as well as the housing market's promising movement toward recovery. The video is provided below.

http://www.remax.com/c/housing-blog/blog-post/re-max-chairman-and-co-founder-discusses-housing-recovery-on-cbs

Source: REMAX.com

Las Vegas New-Home Sales Surge 94 Percent in 2013

Predictions that new home sales will continue to grow this year have been further solidified by the results of a recent study conducted by Home Builders Research. In comparison with 2012, new home sales are up 94 percent for the first two months of the year. According to Dennis Smith, the president of Home Builders Research, "It’s not a surprise that new-home recorded sales are stronger than the past two years as we are comparing the present results with the bottom of the cycle." He expects large increases in year-to-year prices for most of 2013 because of the lack of resale inventory and rising land prices. Smith added, “I’m not saying they’re going up forever, just in the next year... It’s good for people who own homes, but not for those looking to buy before prices go up.”

Check out the article for more information:
http://www.reviewjournal.com/business/housing/las-vegas-new-home-sales-surge-94-percent-2013

Photography: JEFF SCHEID
Source: REVIEWJOURNAL.com

RE/MAX National Housing Report - March 2013

The selling season kicks off to a strong start around much of the country as recovering market trends continue to show improvement. Click on the images below to view this month's official RE/MAX National Housing Report:

Source: REMAX.com

Investors Snap up HOA Liens, Rent out Houses

New money-making strategies for "savvy" Vegas valley investors?
Here's what the LV Review Journal article has to say: "Savvy investors in Las Vegas are buying up small home­owner’s association liens at auction and making money by renting out homes they don’t actually own until the mortgage-holder comes knocking, in some cases as long as two years later."

http://www.reviewjournal.com/business/housing/shrewd-investors-snap-hoa-liens-rent-out-houses

Source: REVIEWJOURNAL.com

Revenue-Producing Valley Assets Become Prime Targets for Investors

According to this recent article from the Las Vegas Review Journal, active investors in the valley are now targeting more than just your average underpriced home. They're on a search for quality real estate assets that are already in the process of producing income. Sound interesting? Check out the link provided below to read more on the story!

http://www.reviewjournal.com/business/commercial-real-estate/revenue-producing-valley-assets-become-prime-targets-investors

Source: REVIEWJOURNAL.com

Nevada's Foreclosure Starts Soar 334 Percent in February

From the article: "Nevada’s foreclosure starts jumped 334 percent in February from the same month a year ago, leading the nation in year-over-year percentage gains, online foreclosure listing service RealtyTrac reported late Wednesday."

Follow the link below for more info:
http://www.reviewjournal.com/business/housing/nevadas-foreclosure-starts-soar-334-percent-february

Source: REVIEWJOURNAL.com

Demand for New Homes Driving Big Gain in Las Vegas Land Prices

The competition between Las Vegas homebuilders to purchase residential land is stronger than it has been in quite a long time. This heavy demand for new homes in Las Vegas has created an unusual situation where bid prices are higher than their logical value. Click the article linked below for more details!

http://www.lvrj.com/business/demand-for-new-homes-driving-big-gain-in-las-vegas-land-prices-197182021.html

Source: LVRJ.com

Asking Prices for Local Homes Rise in February, Data Show

From the article: "Las Vegas had a 20.7 percent year-over-year gain in home asking prices in February, and inventory is no longer in a free fall, online listing firm Trulia.com reported."

Read more at the link provided below:
http://www.lvrj.com/business/asking-prices-for-local-homes-rise-in-february-data-show-195827031.html

Source: LVRJ.com

Foreclosure Sales and Short Sales Account for 43 Percent of U.S. Residential Sales in 2012

According to RealtyTrac’s most recent foreclosure and short sales report, distressed sales continue to claim a “disproportionately high portion” of total home sales across the country. On top of short sales and foreclosures taking up a large bulk of United States home sales, the firm also found increases in prices for distressed properties in 2012.

http://www.realtytrac.com/content/foreclosure-market-report/us-foreclosure-and-short-sales-report-year-end-and-q4-2012-7609

Source: REALTYTRAC.com

U.S. Home Prices Rose by Most in Nearly 7 Years

According to a newly published article by the Las Vegas Sun, home prices rose 9.7 percent in January from just a year ago. Furthermore, prices rose in all states except Delaware and Illinois. Nevada had a major statewide gain with home prices rising by 17.4 percent, second to only Arizona where prices rose by an impressive 20.1 percent. Check out the link provided below to get more information!

http://www.lasvegassun.com/news/2013/mar/05/us-home-prices-rose-most-nearly-7-years/

Source: LASVEGASSUN.com

Las Vegas Homeowners Regaining Property Values

From the article: "Some 37,000 homeowners in Las Vegas crawled out of the hole on their home values in the third quarter, Zillow.com said in a forecast being released Thursday."
Read more at the article link provided below:

http://www.lvrj.com/business/las-vegas-homeowners-regaining-property-values-192231891.html

Source: LVRJ.com