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Short Sales - It's The New Black
Dan said: My daughter and son-in-law just went thru a short sale they were trying to buy. The bank was NOT ver...   [More]

Has Las Vegas Real Estate Hit Bottom?
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Has Las Vegas Real Estate Hit Bottom?
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Las Vegas Foreclosures Most Sought After

Posted At : May 5, 2008 6:13 PM | Posted By : R Camacho
Related Categories: Current

She's baaaaaaaccck...

During the mid-paleozoic era of my teen years, dentistry was not as advanced as it is today. I've been recovering from a second dental surgery in just 3 weeks to correct the last of 3 failed root canals. This last one was much tougher to recover from.  It didn't stop me from showing lots of properties, but I haven't felt like doing much beyond taking care of my clients.

It may take me a few days to get caught up, but I've got some interesting information from the recent American Planners Association conference held in Las Vegas last week. I stole the notes from the bus tour from my land use consultant colleague, Lucy Stewart of LAS Consulting, so I'm going to share the highlights shortly! Ms. Stewart is a former Clark County zoning coordinator and is now Consultant-to-the-Stars (or developers, any way); she's promised to provide my readers with information on land use matters and growth trends in Las Vegas now that the APA's national conference is behind her.

Just an interesting note: prospective homebuyers are searching for foreclosed homes in Las Vegas at a higher rate than anywhere else in the nation. I knew that intuitively; the competition is driving up sales figures. People searching through AOL's search engine are looking for foreclosures in Las Vegas at a higher rate than any other city.

Being the most sought-after city in foreclosure searches is partly due to our vibrant economy, the tens of thousands of jobs to be filled in the next 18 months, and the availability of investment properties that will cash flow now. Of course, no one is complaining about the incredible weather, lack of state income tax, or the exciting nightlife.

There's a certain cachet in having a second home in Las Vegas, and now it's within the grasp of more people.

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