LAS VEGAS HOUSING MARKET -- THE BOTTOM IN SIGHT YET?

Las Vegas home values drop for second straight year, losing 11 percent of value on average.

Home values dropped in all but 3 of the valley's 56 zip codes last year. That's coming off a 6 percent decline
in …

NEVADA FORECLOSURE STARTS INCREASING BUT STILL BELOW THE NUMBERS FROM A YEAR AGO

In Clark County, there were 1,115 notices of default,filed in January, up 13.5 percent from the prior month,but a dramatic 80% decrease from 5,695 in January 2011, an online service reported.

A total …

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 …

NUMBERS IN LAS VEGAS DON'T SUPPORT THE BANKS EFFORTS OF OFFERING CASH PAYMENTS FOR SHORT SALES IN OTHER STATES

Local LAS VEGAS REALTORs ASKS --
"Why is it that 48 percent of home sales are foreclosures and only 26 percent are short sales? "

"It's funny that they put this out …

SOME BANKS ARE OFFERING CASH INCENTIVES TO ENCOURAGE SHORT SALES

Banks, accelerating efforts to move troubled mortgages off their books, are offering about $35,000 in cash to
delinquent homeowners to sell their properties for less than they owe.

Lenders have routinely blocked or delayed such transactions known as short …

3 MORE STATES JOIN A NATIONWIDE SETTLEMENT OVER FORECLOSURE ABUSES

Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis will join a nationwide
settlement, joining some 40 other states in a deal that will benefit many Americans who lost homes or can't
afford their …

LAS VEGAS HOME PRICES EXPECTED TO KEEP DROPPING FOR THE NEXT 6 MONTHS AND RECOVERY WON'T COME UNTIL BANKS INCREASE FORECLOSURES

According to housing analyst Dennis Smith in his annual housing report.

"2012 in my opinion is going to be the most interesting year yet because of the governments intervention trying …

EMPLOYER-ASSISTED HOUSING NOW AN EMERGING STRATEGY TO HELP
BUSINESSES RECRUIT PRODUCTIVE, STABLE WORKERS

A group of business and government leaders are urging local companies
to offer assistance for workers to rent or buy homes in Las Vegas.

Some of the solutions include offering counseling for first-time homebuyers
and foreclosure prevention, matching grants for down payments …

NEVADA'S NEW FORECLOSURE RULES
APPEAR ON TRACK TO BRING A NEAR
COMPLETE HALT TO FORECLOSURES IN
THE STATE

Says Sean O'Toole, the Chief executive
of Foreclosure-Radar.

Foreclosure starts in Nevada dropped
significantly in December, along with
time to foreclose, which normally gets
extended during the holiday season.

In …

DOWNWARD TREND ON LAS VEGAS HOME
PRICES - REPORTS SHOW LOWER PRICES
THAN A YEAR AGO WITH A LOCAL BUYING
BOOM

Core-Logic of Santa Ana, California
which tracks home prices, said existing
home prices in the Las Vegas area in
November were down 10.8 percent from
November 2010.

The market …