Linda Stewart's (thestewartteam) Blog

If you are a new home buyer and have been looking in the real estate market any time in the last three years you are almost certain to have come across the tax credit for qualified first time home buyers. Due to the original tax credit's successes in revitalizing the real estate market it has bee...

The average sale price of a Las Vegas home in the third quarter fell nearly 35% compared to this time last year. While prices fell, sales increased and surpassed those of last year. Up to 30% of the homes sold were preexisting properties that were discounted due to being heavily distressed. Las V...

"It's a desert out there. Be water smart." is the rallying cry of the Southern Nevada Water Authority. So it is good news for all Nevadans that a new source of water may be under development. Snake Valley, located smack on the Utah/Nevada border, is home to a vast groundwater basin. Unfortunately...

            The Las Vegas housing market is continuing to look up! Foreclosures are continuing a trend of selling faster then they are created. May was the third consecutive month of this trend. May also marked the 17th consecutive month of increase in existing home sales. In May 4,476 existing h...

Las Vegas may finally be in for some relief from the skyrocketing foreclosure rates. New Nevada legislation, signed into law by Governor Jim Gibbons, will have the final rules laid down on June 29th, and become effective July 1, 2009. All homeowners that receive default notices after this date wi...

With the GLVAR report sales volume on Single Family Units for May at 3,255 units, our SFR sales total now stands at 13,945 YTD. By comparison, at this point of 2007 we had sold 7,358 units and for 2008, 7,379 units. This year's cumulative units sold have also exceeded the 2005 total of 13,203 uni...

In today's troubling economic tide the general public has been fearful to make large purchases, such as a home. The new economic stimulus package may help ease the tension in the housing market.  The American Recovery and Reinvestment Act was signed into law on February 17th, 2009 by President Ob...

Newest Las Vegas Update The Stewart Team presents the latest good market news; The inventory of resale homes dropped down to 15,171 homes in this past week. They are down 32.5 percent from the same time last year, a drop of 7,315 units. Vacant properties represent the largest decline, and are now...

THE HOUSING MARKET IN LAS VEGAS IS SELLING AT VERY VERY FAST PACE. FORECLOSURES DOMINATE THE SELLERS BUT THE BANKS ARE LEARNING TO MARKET THEIR PROPERTIES, NOT JUST THROW THEM ON THE MARKET IN "WHATEVER" CONDITION. THE NATIONAL PERCEPTION OF WHAT'S HAPPENING HERE IS LIKE 12 BLIND MEN DESCRIBING A...