We’re happy to deliver some more good news to you here in Las Vegas as home values continue to slowly increase, helping to make your expertise as a real estate agent higher demand. As home values and demand increase, many home buyers are in bidding wars going above market value. Additionally, more and more Las Vegans who have been unemployed since the economic crisis hit are now attending Key Realty School to take advantage of this new upward trend in the market. Learn more from 8 News video.

While the economy continues to improve in Las Vegas, many are still suffering from the initial collapse. While fewer homes are entering foreclosure, there are still many who are losing their homes. This trend has prompted a new potential reality television series from CNBC called “Flipping Wars: Vegas,” and follows real estate investors on their bidding wars over foreclosed properties they plan to flip. There are mixed responses to such a series, so much so that we found this opinion piece chastising CNBC on DailyFinance.com for exploiting the economic crisis in Las Vegas.

We reported last month that many in the real estate industry found themselves in serious legal trouble when they were convicted of mortgage and HOA fraud. Real estate scandals continued in the valley through August as Las Vegas real estate developer Jean Marc El Jwaidi plead guilty to wire fraud and faces up to 20 years in prison for misleading investors right here in eRealty’s own backyard. While working on developing commercial real estate nearby on 215 and Russel, he convinced investors to financially back a project he knew would never be completed…all while pocketing the money for himself. Read more on TheRepublic.com.

Finally, AREAA (Asian Real Estate Association of America) is holding its 2012 National Convention here in Las Vegas! At the Bellagio from Sept. 23-25, join other real estate professionals “who have a passion for creating homeownership opportunities for Asian American consumers.” Learn more and register on their site here.

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