Real Estate News and Advice
November 22, 2008
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  CONDITIONS™
By Local Real Estate Experts  

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.


Market Conditions Summary for Las Vegas, Nevada


Reported by

Scott Meservey
as of 11/21/2008:
Cash is KING, but 3% will put you in a home! I know you've heard "Cash is King" before, and there are two reactions to this. I HAVE cash, or I DON'T have much cash. Let's talk about both scenarios. First, I want to talk to the "I don't... MORE->

Reported by

Julia St. Marie, RRG, ABR, RSPS
as of 11/5/2008:
Welcome to Las Vegas! Las Vegas prices has fallen. Feel free to call anytime 702-355-HOME(4663) Thanks and have a great day! Julia... MORE->
About Julia St. Marie, RRG, ABR, RSPS

Reported by

Ronni Land
as of 11/2/2008:
We all know these are tough economic times. I sincerely hope that you, personally, have not been too negatively affected by the recent activities in the financial markets. Real Estate is in the forefront. If you have the inclination and... MORE->
About Ronni Land

Reported by

Gary Villani
as of 10/31/2008:
There are many different factors to consider in order speaking about this topic in an accurate context and I have limited space to do so here. I'm sharing with you my experience, as well as, other professionals in the mortgage lending and real... MORE->
About Gary Villani

Reported by

Pete and Sue Falger
as of 10/16/2008:
November, 2008: The inventory has shrunk some from its high (in the Las Vegas Valley) of over 21,000 to just over 16,000, and there are currently over 5,800 homes in escrow. This is in sharp contrast to the beginning the this year, when the escrows... MORE->
About Pete and Sue Falger

Reported by

Brown Blankfeld Group
as of 10/2/2008:
Our market is still flush with REO properties. The good news for us is that we are selling homes. We have steadily increased the number of transactions here over the last 4 months. A great number of these transactions are REO deals and there are a... MORE->
About Brown Blankfeld Group

Reported by

John & Brenda Zablockis
as of 9/27/2008:
Las Vegas has affordable housing again all over the city. Investors have choices, 1st time home buyers have selection. The down Payment assistance programs may be history by October 1st, but they are still available through September 30th. Some... MORE->

Reported by

Roosevelt Mompremier & Associates
as of 6/25/2008:
March 2008: Over the past couple of years, appreciation had cooled, days-on-market had expanded to all-time high. Listings are being repriced three to four times before selling - all in favor of buyers. Next year, however, shoud bring positive... MORE->
About Roosevelt Mompremier & Associates

Reported by

Sean Brown, NARREIA
as of 5/15/2008:
MAY 2008 - There is no question, the Las Vegas market has started to rebound, especially in the sub-$300,000 range. Supply has dwindled considerably and continues to do so. Demand, on the other hand, has increased by 250% since the beginning of the... MORE->
About Sean Brown, NARREIA


Average Current Market Rating: 1.3    (9 ratings)




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5
Buyer's Market

Seller's Market

Average Current Price Trend: 1.7    (9 ratings)




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2
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Falling

Rising

Navigate: Top > Nevada > Las Vegas
Aliante - Centennial Hills - Downtown Las Vegas - Green Valley Ranch - Henderson Valley - Lake Las Vegas - Lakes - Las Vegas Strip - MacDonald Highlands - Mountains Edge - North Las Vegas - Northwest Las Vegas - North Queensridge - Peccole Ranch - Red Rock Country Club - Rhodes Ranch - Roma Hills - Section 10 - Seven Hills - Siena - Silverado Ranch - South Queensridge - Spring Valley - Sun City - Ventana Canyon


Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 6.04%
15 Year Fixed: 5.73%
1 Year Adj: 5.29%
(U.S. Weekly Averages)

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