Mortgage Debt Forgiveness Act Extended Through 2013
Thursday, January 17
On January 1st, Congress passed the American Taxpayer Relief Act of 2012. Part of this Act is a one year extension for the Mortgage Forgiveness Debt Relief Act. Created in 2007, this act granted exemption from income tax to homeowners who had all or a portion of their mortgage debt on a p...
Sellers' Market Persists in Las Vegas
Monday, January 07
The sellers’ market that prevails in Las Vegas real estate at the moment shows no signs of slowing down. The median home price in Las Vegas continues to rise and, although foreclosures have crept back up from their low point last year, the oft rumored glut of foreclosures, known as shadow ...
Build It And They Will Come...Tony Hsieh's Downtown Las Vegas Dream
Monday, December 31
Tony Hsieh, CEO of Zappos, has been making waves in Las Vegas lately by going on a mini real estate buying spree in a concentrated area of Downtown Las Vegas. Hsieh founded and has provided the bulk of funding for the Downtown Project, a $350 million vision aimed at attracting business and grow...
In Real Estate Good Things Come to Those Who Don't Wait
Thursday, November 29
They say that good things come to those who wait, but lately good things come to those who pounce quickly. Real estate has become a hot commodity once again, and houses that once languished months, or even years, on the Las Vegas MLS are now being snatched up in days or even hours. We hav...
Prices Continue to Rise in Las Vegas as Foreclosure Freeze Drags On
Friday, November 16
For several years, Las Vegas made headlines nationwide as the foreclosure capital of the United States. Now the big news coming out of Las Vegas is the complete lack of foreclosures. In September of 2012 less than 300 homes were foreclosed upon in the Las Vegas valley. There are only 375...
Las Vegas Real Estate - The Last Four Years
Wednesday, November 07
On the eve of this election day 2012, I thought it fitting to look back on the last four years of activity in the Las Vegas Real Estate market. Romney fears that we are in worse shape and heading down the wrong path. In the interest of full disclosure, I should note that I agree with him. ...