April 2015

There are 2 blog entries for April 2015.

Buying vs Renting Homes In Las VegasBuying vs Renting Homes In Las Vegas? Traditionally, renting has been the more affordable option compared to buying. But things are changing as rent prices continue to soar. According to recent data released by Zillow, the aggregate amount of rent spent in 2014 by U.S. renters was a whopping $441 billion. Yes, that’s billion, with a B. That staggering total represents a nearly $21 billion dollar increase over last year.

Because renting has been less expensive than buying a house, those with lower incomes and poor credit scores would choose that route. In today’s Las Vegas market, that axiom no longer holds true. For many, buying is simply the more affordable choice compared to renting.

But why? It’s simple economics. When demand outpaces supply,

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I still can’t believe it has been almost eight years since the real estate market meltdown began in 2007. The local Las Vegas real estate market has come a long way since those dark days that affected so many individuals and families.

Buying a home in Las Vegas A few weeks ago I wrote about Las Vegas being named a Top 4 market for first time home buyers. Well, the good news continues, as Las Vegas is primed to be a great market for “bounce back buyers.” What are “bounce back buyers?” These are the folks that lost their homes during the recession, but are now rebuying a home in Las Vegas now that the seven-year time period it takes to typically repair credit has passed.

 Recent analytics released by RealtyTrac disclosed that the Las Vegas real estate market lost more homes to

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