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 ...

HOUSING DEBT OF NEVADA IMPROVING

Nevada had the second highest mortgage delinquency rate in the nation in the first quarter at 11.16 percent, well above the national rate of 5.78 % TransUnion Credit Bureau reported Wednesday.

While Nevada is still second only to Florida's 13.87%, it's still an improvement from 14 ...

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 ...

A HOUSTON STUDY SUGGESTS THAT THE LAS VEGAS ECONOMY IS BOUNCING BACK

According to a recent study by Metrostudy, a Houston based housing data and consulting firm that maintains
an extensive database on residential construction.

"Job growth continues to remain positive through February, adding 2,200 jobs, said Greg Gross, Director
of Metrostudy's Las Vegas region."

Employment is up slightly from ...

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 ...

LAS VEGAS NEW HOME SALES PROJECTED TO RISE UP TO 5,000 THIS YEAR, AN INCREASE OF 1,000 FROM AN EARLIER PROJECTION

The battered new home segment is coming back slightly as resale inventory tightens and prospective
buyers find themselves competing against multiple offers from cash investors, housing analyst Dennis
Smith said Friday.

The President of Home Builders Research revised his projection upward to 5,000. New home sales fell
to the ...

WELLS FARGO OFFERING DOWN PAYMENT ASISTANCE FOR QUALIFIED BUYERS UP TO $15,000 IN SELECT LAS VEGAS AREAS

Through the Neighborhood Lift Program designed to attract prospective home buyers to neighborhoods
struggling with high inventory of unsold homes.

Wells Fargo loan officers will explain the program and take applications during a May 4-5 event at the Riviera
Hotel convention center. Similar events have been held in Los Angeles ...

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 ...

INVESTOR SAYS "LAS VEGAS REAL ESTATE VALUE IS LONG TERM"

George Wolin, the principal of Crescent Bay Holdings, from Scottsdale, Arizona, drove around the master planned North Las Vegas development by the recently bankrupt Olympia Group.

He realized that the $21 million price for 1.340 acres was a fantastic deal - 2 expensive Beltway interchanges required for the development have ...

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 ...