Sure, there’s been a lot of buzz about Las Vegas Real Estate lately. The truth is though, the real action in this town is for short sales. This may seem a little counter intuitive, but understand that these types of properties are ideal for financial institutions because they can sell for nearly 20-percent higher than foreclosed properties. Plus, they’re much more palatable for potential buyers on a budget, who want to avoid the legal hassles associated with distressed homes. Interestingly, the state of Nevada has more strict laws than other western states and can actually pressure homeowners in foreclosure to repay the full amount of the debt owned if they are in a place to spend copious amounts of time and money tied up in the legal system. Therefore, this type of real estate transaction is really in the best interest of all parties involved and helps explain the housing market here in Las Vegas.