Where did the FOR SALE Las Vegas Homes Go?

Reposted with permission from Writer/Owner;

Here is an update to the state of the greater Las Vegas market.  We continue to experience an artificial shortage of available homes for purchase.   Our own market tracking here at RE/MAX Advantage reports as of 10/20 there were only 8076 single family homes on the market.  46% of those were short sales, leaving a little over half of the inventory to be REO (bank owned) 18% and the remaining owner occupied or corporate owned.   This translates to about 4000 homes available for purchase with an option to close in 30 to 45 days for buyers in the market place.  With 3127 detached homes closed in the last 30 days, and just over 4000 homes available for traditional closing timelines, the market is ULTRA tight for those…click here to read the rest of this important post

Clark County Auction Homes with Unpaid Taxes-Are Your Property Taxes Paid?

The Las Vegas Sun published a story today about Clark County ( Las Vegas ) auctioning homes and land yesterday due to unpaid taxes.  This drew a crowd of people from the local area as well as California seeking a bargain.  It appears a few were to be had.  As with every auction though, that is not the case. 

A bigger problem is brewing and could put more homeowners at risk of the same.  Several people I know have received word or discovered their property taxes are not being paid by the mortgage company collecting them as part of their payment.  Are yours being paid?