Las Vegas Real Estate Update: April 2010

An update to the Las Vegas real estate market by Todd Miller. This episode focuses on the current trends and where the market is hot and what the opportunities are moving forward.

http://toddmillertv.com/
http://www.vegasbanklistings.com/
http://www.visitsellstate.com/
http://www.lasvegassellstate.com
http://www.lasvegasrealestatemarketupdate.com

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[ToddMillerLasVegas]

@debbyc54 In April we got 52 assignments from the banks. I expect the flow to slowly increase throughout this year and next.

[debbyc54]

and is there any way of knowing when the banks will start releasing some of the REO's?

[ToddMillerLasVegas]

@lasvegasrealestatenv Yes. Short sales are becoming more popular, but only because of the lack of inventory. Once the REOs start flowing back into the real estate market, there are going to be less people writing offers on short sales in Las Vegas.

[lasvegasrealestatenv]

Thanks Todd. Have you you noticed the speed of closing short sales increasing? For short sales to become a viable option for buyers looking to move into a financed home as their primary residence I get the sense that the banks are going to have to be significantly more responsive that at the current time?