48,186 SINGLE-FAMILY HOMES AND CONDOS
WERE SOLD IN LAS VEGAS IN 2011, TOPPING
THE PREVIOUS RECORD OF 46,879 SET IN 2009

Prices were being held down by cautious
appraisers and the many foreclosures.
Roughly half of all sales were cash-only
transactions while 46.8 percent were
real-estate owned …

NEVADA SUPREME COURT RULING MAY
CAUSE RIPPLE EFFECT IN HOUSING
INDUSTRY'S MORTGAGE FRAUD CASES

The Nevada Supreme Court weighed
arguments Wednesday on whether
U.S. Bank can foreclose on a Douglas
County couple's home even though not
all required documents were presented
during mediation, required under a
recent …

NATIONALLY, BUILDERS SPENT MORE ON
SINGLE-FAMILY HOMES, APARTMENTS AND
REMODELING PROJECTS AS CONSTRUCTION
ROSE 1.2 PERCENT IN NOVEMBER.

This was the third increase in the
last four months. For November, strength
was seen in housing and government spending.

Nonresidential spending fell, reflecting
declines of office buildings and shopping
centers …

THE GREATER LAS VEGAS ASSOCIATION
OF REALTORS EXPECTS DECEMBER'S
ESCROW CLOSINGS TO BE THE HIGHEST
IN SEVERAL YEARS

Nationally, the trend is about the
same as the National Realtors Group
said that the index of sales agreements
jumped 7.3 percent last month.

Contract agreements usually signal
where the …

LAS VEGAS 2012 -- THE YEAR OF THE
SHORT SALE?

According to prominent local real
estate groups the shrinking inventory
of bank-owned homes will make the
market lean more toward short sales
in 2012.

Election year pressures and the new
Nevada law making foreclosures more
difficult is certain to increase the …

LAS VEGAS SINGLE-FAMILY HOME
SALES ROSE IN NOVEMBER TO 3,159

This was a 1.3 percent increase from October
and a 13.8 jump from a year ago, according to
the Las Vegas Association of Realtors.

The median price was $125,000 up 3.3 percent
from October.

Importantly …

LAS VEGAS BANKS FINALLY FORCED TO MAINTAIN FORECLOSED PROPERTIES --

A new city ordinance just passed requires banks that own vacant, dilapidated properties in Vegas to be fined or face jail time and misdemeanor penalties for allowing their properties to fall into a state of disrepair.

Hopefully, this will reduce neighborhood blight …