Las Vegas Real Estate Market Report: 05/30/12 (-64 Homes From Last Week

Las Vegas Real Estate Market Report: 05/30/12

This is the latest Las Vegas Real Estate Market Report fromwww.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of May 30, 2012, data is obtained from the Greater Las Vegas Association of Realtors MLS.

 Single Family Residence (SFR)                                                         

Available - 3,883 (-64, Last Week 3,947)

Under Contract - 13,267 (-137, Last Week 13,404)

Days of Supply - 9 (+0, Last Week 9)

Short Sales - 11,022 (-61, Last Week 11,083)

                                                               

Condominiums and Town Homes (CONDO/TH)                                                              

Available - 759 (+13, Last Week 746)

Under Contract - 2,481 (-20, Last Week 2,501)

Days of Supply - 10 (+1, Last Week 9)

Short Sales - 2,089 (-1, Last Week 2,090)

                                                              

Combined SFR + CONDO/TH                                                             

Available - 4,642 (-51, Last Week 4,693)

Under Contract - 15,748 (-157, Last Week 15,905)

Days of Supply - 9 (+0, Last Week 9)

Short Sales - 13,111 (-62, Last Week  3,173)

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Call Makea Turner with Atlantic & Pacific Real Estate (702) 542-1883 to find out how you can win by buying or selling a home in today's current market conditions. This same time last year we had over 14,000 available homes on the local MLS. 

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Relocation Cover Letter: How to Stand Out From the Crowd

Writing a Cover Letter That Says You Will Pay for Your Own Relocation

You’ve been pouring over job listings for months, and you’ve finally found a position that really excites you. The only problem is it’s in a different city. How will you make yourself stand out from the local talent? When companies are recruiting, they look first at the candidates who are locally available. Why should a company hire someone from outside the city, when a person with the same skills is available locally? Is mentioning relocation in a cover letter even a good idea? You will need to find a way to make yourself look like a more attractive job applicant than your competition.

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Call Makea Turner with Atlantic & Pacific Real Estate with any questions about the Las Vegas, Henderson and Summerlin Real Estate market (702) 542-1883

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Las Vegas Homeowners Time is Running Out: How the Mortgage Debt Relief Act can SAVE YOUR HOME...

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act has helped many distressed homeowners find solutions to avoid foreclosure and opened up options to them that were previously unavailable.

However, the Mortgage Debt Relief Act was always intended to be a temporary solution and it is now set to expire at the end of 2012. For distressed homeowners, this means that time is limited for you to take advantage of this program.

Time is running out. But there is still a chance to change your financial direction and avoid foreclosure. Call Makea Turner with Keller Williams Realty Southwest today and find if you qualify to receive up to $30,000 in relocation money when you short sale your home…

Makea Turner Keller Williams Realty Southwest (702) 542-1883

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Las Vegas Available Homes Drop Under 4,000

Las Vegas Real Estate Market Report: 05/16/12 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of May 16, 2012, data is obtained from the Greater Las Vegas Association of Realtors MLS. Single Family Residence (SFR)  Available - 3,998 (-185, Last Week 4,183) Under Contract - 13,439 (+122, Last Week 13,317) Days of Supply - 9 (-1, Last Week 10) Short Sales - 11,061 (+17, Last Week 11,044) Condominiums and Town Homes (CONDO/TH)  Available - 806 (+5, Last Week 801) Under Contract - 12,509 (+10,010, Last Week 2,499) Days of Supply - 10 (+0, Last Week 10) Short Sales - 2,119 (+36, Last Week 2,083) Combined SFR + CONDO/TH  Available - 4,804 (-180, Last Week 4,984) Under Contract - 25,948 (+10,132, Last Week 15,816) Days of Supply - 10 (+0, Last Week 10) Short Sales - 13,180 (+53, Last Week 13,127) This same time last year we had over 14,000 available homes on the market. Contact Makea Turner with Keller Williams Realty Southwest (702) 542-1883 to find out how these numbers will impact you when buying or selling homes in the Las Vegas area.

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Bank Of America Offering Up To $30,000 To Short Sale Their Home

Have you heard about the latest news from Bank of America? Home Owners now have the opportunity to apply for a preapproved short sale prior to putting their home on the market and receive up to $30,000 in relocation money. This move by Bank Of America will reduce the processing time once a buyer is found for your home which will make the short sale more attractive to potential buyers and help homeowners move on with their lives.

As attractive as this may sound there is a catch, the short sale must be initiated prior to the end of this year and close by Sept 13 2013. If you don’t have a loan with Bank Of America don’t worry because you may still qualify for another program which may help you receive up to $3,000 in relocation money.

This new program coupled with the cancellation of debt program, which expires Dec 31 2012, is a great way for homeowners to begin a fresh start on life with the possibility of not having to pay back the deficiency (the balance of the principal after a short sale has taken place).

Another piece of good news you need to be aware of is that some homeowners may also be able to buy a new home one-day after the short sale is complete.

Call Makea Turner with Keller Williams Realty Southwest to set up a FREE no obligation consultation for more details on how you can take advantage of these opportunities before it is too late. 

www.LasVegasAreaHomeSearch.com

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