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 ...

LAS VEGAS NEIGHBORHOOD LIFT PROGRAM FROM WELLS FARGO HOME MORTGAGE AIMS TO HELP LOCALS BUY HOMES

1,100 prospective home buyers registered for the two day Neighborhood Lift workshop at the Riveria hotel.

This program is designed to attract qualified home buyers to neighborhoods struggling with high inventory
of unsold homes, offering as much as $15,000 in down payment assistance grants to prospective homebuyers who ...

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 ...

LAS VEGAS EXPERIENCES A SHORTAGE OF HOMES

ROUGHLY ONLY ONE MONTH'S SUPPLY OF AVAILABLE PROPERTIES AT CURRENT SALES LEVELS

Anything in the range of $80,000 to $125,000 is snapped up with multiple offers, said a local Realtor.

Listings for real-estate or bank-owned homes decreased, to 1,437 in March, down 40% from 2,643 ...

EXISTING HOME SALES RISE 13 PERCENT NATIONWIDE

LAS VEGAS SALES RISE 10.9 PERCENT IN JANUARY WITH OVER 58,000 IN 2011

Nationwide, existing home sales are at their highest level since May 2010. More first time buyers are making
purchases. The supply of homes last month fell to it's lowest point in 7 years which ...

A FIRST TIME AND MUCH NEEDED SHORT SALE AND FORECLOSURE COMPARISON --

SHORT SALES BRING IN 24% GREATER RETURNS THAN FORECLOSURES

The real estate pros at New England based McGeough Lanacchia Realty have been proponents of Short Sales for quite some time, insisting that everyone gains when a Short Sale is achieved as opposed to a foreclosure.

 On average, a home sold ...

SHORT SELLERS VS THE IRS - MORTGAGE RELIEF FACES A TAXING NIGHTMARE

THE CLOCK IS RUNNING OUT FOR THE MORTAGAGE DEBT FORGIVENESS ACT!

Given the huge public and private resources now being devoted to helping financially distressed homeowners,including the recently announced $25 billion settlement from the 5 largest banks, you might assume that a key Federal tax law benefit underpinning these ...

Las Vegas New Home Builders Feeling Optimistic About 2012

HOME BUILDERS OPTIMISTIC ABOUT RISING NEW HOME SALES IN 2012

The National Association of Home Builders/Wells Fargo said its Builder Sentiment index rose for a fifth straight month in February to 29, up from 25 in January, to its highest level since May 2007.

Builders have generally become more ...