Las Vegas condo-hotels hit hard by the COVID-19

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While Las Vegas condo-hotels sales had dropped in 2019, COVID-19 exasperated the situation in 2020 and condos can be bought at large discounts in 2021Las Vegas condo-hotel towers consist of Platinum Hotel, Signature at MGM Grand, Palms Place, CityCenter Vdara, and Trump International Hotel that we call Trump Tower. When …

Silly low-ball offers on our Las Vegas home listing

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Unfamiliarity with the housing market reports result in extremely silly low-ball offers on Las Vegas home listingIn a Realtor’s forum, I saw a post from a Realtor complaining about a new home salesperson refusing to show her offer to her supervisor, saying that she did not doubt that her supervisor …

No tsunami of foreclosures in Las Vegas due to COVID-19

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Positive equity should prevent a tsunami of foreclosures in Las Vegas in 2020In this post, we will explain why we shouldn’t see an avalanche of foreclosures in Las Vegas as a result of the COVID-19 recession. The Great Recession of 2007-2011 resulted in a tsunami of foreclosed homes, condos, and …

Pros and cons of mortgage forbearance of 2020

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What is a mortgage forbearance, and what is it not?To protect homeowners from the Coronavirus hardship the United States government came up with the CARES Act, which includes six months of forbearance for a government-backed mortgage loans, which is extendable by another 180 days. As of June 3, 2020, 4.37 …

Unusual Las Vegas real estate market forecast for 2020, Video

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Las Vegas housing market should have witnessed far better price gains than it did but why it didn’t? In order to do a Las Vegas real estate market forecast for 2010, we have to take a look back at a very unusual 2019. The law of supply and demand is …

Las Vegas real estate market highly overvalued! June 2018

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Are Las Vegas home prices really overvalued by 21.3%?The Las Vegas real estate market is overheated and according to a highly cited study by Fitch Ratings, home prices in the area are 21.30% above fair market value. Wow! And then an avalanche of articles about a housing bubble ensued along …

Las Vegas high-rise condo market is starting to roar May, 2018

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Big improvements in Las Vegas high-rise condo market in the first 5 months of 2018After 3 years of little improvements in Las Vegas high-rise condo market which resulted in 3% median price gain from 2014 to 2017, it has come to life. And in the first 5 months of 2018, …