Investor Central

Welcome to the premier resource for Las Vegas investors looking to generate wealth through real estate. Whether you already own a property and need management help or you need assistance to get started, you have found the right place.

Friday, January 31, 2014

Sign of Recovery: Traditional Home Sales Now Dominate Foreclosures and Short Sale

According to the Greater Las Vegas Association of Realtors, 70 percent of current used-home sales in Southern Nevada are traditional deals between buyers and sells. This number has jumped up 51 percent from just a year ago. Bank-owned homes make up less than 10 percent of sales today, a very different scenario from when they comprised almost half of all sales two years ago. GLVAR also claims that short sales comprised almost half of all transactions a little more than a year ago, but now make up a mere 21 percent of sales.
The improved market we see today is reflected in this shift of traditional deals dominating over short sales and foreclosures. Although investors are still buying and selling many properties here, the economy's continued recovery is helping Southern Nevada reach a more balanced housing market.

Check out the article for more on the story:

No comments:

Post a Comment