LAS VEGAS APRIL NOTICES OF DEFAULT DROP 30 PERCENT

Foreclosure starts continued to decline in Nevada and other Western states in April, offsetting small
gains in new foreclosure filings from the previous month, ForeclosureRadar.com reported.

In Clark County, notices of default filings - the initial step in the foreclosure process - fell nearly
30 percent in April to 962, foreclosure ...

LAS VEGAS HOME PRICES RISE FOR THE THIRD STRAIGHT MONTH IN APRIL - THE INVENTORY OF LISTINGS CONTINUE TO SHRINK

The median price for 3,185 single-family homes sold in April was $127,900, up 4 per cent from the previous
month, and up 2.3% from April 2011.

It is the first time prices have increased on a year-over-year basis since August 2010, said Kolleen Kelley, President of the ...

PHOENIX FINDS ITS WAY OUT OF THE DOWNTURN: A MODEL FOR RECOVERY

The Arizona capital of Phoenix was one of the hardest hit markets by the housing crisis, with home values plunging nearly 60 percent from 2006 through mid-2011 and foreclosure filings soaring.

As recently as June 2011 Phoenix held the second highest metro foreclosure rate in the country, behind only Las ...

NINE METROPOLITAN STATISTICAL AREAS,INCLUDING LAS VEGAS, POSTED NEW LOWS IN FEBRUARY IN A WIDELY WATCHED HOME INDEX RELEASED TUESDAY

They were the same cities that posted lows in January. Atlanta, Cleveland, Detroit, and Las
Vegas continue to have average prices below their January 2000 levels in the Standard
and Poor's/Case-Shiller home-price index.

Nationwide, home prices dropped in February in most major U.S. cities for a sixth ...

NEW HOME PRICES IN LAS VEGAS RISE IN MARCH

The new home price increased 3.3 per cent from February to $201,668, and is up 1.6 percent from
$198,400 from a year ago in the same month.

The resale median was $103,000, an increase of $2,200 from February but down from $107,000 a ...

EARNINGS REPORTS FROM TWO MAJOR BANKS PAINTS A PICTURE OF A HEALING HOUSING MARKET -

More Americans are taking out mortgages, paying them on time, and taking advantage of low interest
rates to refinance.

At JP Morgan Chase, the biggest U.S. Bank, income from new home loans set a record for the first quarter.
The bank issued 6 percent more mortgages than a year ...

NEVADA STILL AT THE BOTTOM OF THE U.S. HOUSING MARKET -

Foreclosures are down and home prices have increased in recent months, but that doesn't
mean that Nevada's housing market is on the way to recovery.

According to a Lending Tree Healthiest Housing Index released in late March, Nevada has the highest
loan-to-value ratio - over 110 percent - meaning that ...

FEWER HOMES FOR SALE IN LAS VEGAS,DROPPING TO 4,901 IN MARCH, ABOUT A 6 WEEK SUPPLY

The total homes listed for sale in Henderson MLS and Vegas MLS fell to 18,200 in March, down 18
percent from 22,184 a year ago, when there were 11,334 available without offers.

That means homes under contract grew only slightly, from about 11,000 to 13,000 ...

NEVADA FORECLOSURES DROP 62 PERCENT AS U.S. FORECLOSURE ACTIVITY RISES

More U.S. homes are entering the foreclosure process
setting the stage for a surge in repossessions by lenders
this year.

The number of homes that received notices of default
rose 7 percent in March from the previous month. That
marks the third consecutive monthly increase this year
and reflects ...

THE FEDERAL RESERVE ON MONDAY SAIDTHAT IT PLANS TO FINE 8 ADDITIONAL U.S. BANK HOLDING COMPANIES FOR IMPROPERLY FORECLOSING ON HOMEOWNERS

The financial firms - Everbank, Goldman Sachs, HSBC Holdings, PNC Group, MetLife, OneWest
Bank, Sun Trust Banks, and U.S. Bancorp - were not part of last months settlement over alleged
foreclosure abuses.

A senior associate director at the Federal Reserve called the fines "appropriate" but declined to offer
more details about ...