http://www.infoclosure.com Arizona California and Nevada Real Estate Auctions Tue, 21 May 2013 19:05:19 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 http://www.infoclosure.com/trustee-sales/the-foreclosure-market-in-las-vegas-nevada http://www.infoclosure.com/trustee-sales/the-foreclosure-market-in-las-vegas-nevada#comments Fri, 30 Dec 2011 22:54:58 +0000 admin http://www.infoclosure.com/?p=771 ]]> The housing market in Las Vegas is slowly stabilizing. The inventory for resale is remaining steady despite the heavy hit the real estate market has taken. People that have the cash have been heading to Las Vegas to fix and flip homes at a steady pace. Currently, it is a buyer’s market in Las Vegas because of the low home prices. If you are an investor Las Vegas is a good market to buy low priced homes as there is a large inventory of houses available.
A new law was passed recently in Nevada which has decreased foreclosure starts by 81% for the month of October. This law imposes stricter requirements on filing default notices by lenders. Since October of 2010, home sales have increased by 20%, and 2011 has been 10% better than 2010.
Las Vegas, Nevada is the fastest growing retirement area in the nation, so there is a good flow people coming into Las Vegas to purchase homes. Once someone buys a home to retire in they typically stay in that home.
The real estate market in Las Vegas is slowly stabilizing when compared to last year and it should continue to do so with the inflow of cash investors.

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