Short Sales

June 2, 2012

SHORT SALES OF HOMES GREW 25% FROM A YEAR EARLIER, HITTING A 3 YEAR HIGH

In Las Vegas and Henderson, short sales are catching up with foreclosures. Nearly 30 percent
of existing home sales in April were short sales compared with 25% in March reported the Vegas Association of Realtors.

Meanwhile, bank-owned home sales declined 36.9% in April, down from 40.7% in March.

The …

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Posted in Buying, Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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May 30, 2012

HOME PRICES ROSE IN MOST MAJOR U.S. CITIES FOR THE FIRST TIME IN SEVEN MONTHS

Prices, however, were unchanged in Las Vegas. The increase is the latest evidence of a slow recovery
taking place in the housing market.

The Standard & Poor's/Case-Shiller home price index shows that prices rose in 12 of the 20 cities tracked.

Three of the weakest markets showed signs …

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Posted in Buying, Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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May 23, 2012

SALES OF PREVIOUSLY OWNED HOUSES INCREASE NATIONWIDE IN APRIL

Americans bought more previously owned homes in April, a hopeful sign that the housing market is
gradually improving.

The National Association of Realtors said that home sales rose 3.4 percent last month to a seasonally
adjusted annual rate of 4.62 million. Home sales have rebounded after falling in …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Short Sales, Statistics
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May 16, 2012

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 …

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Posted in Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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May 8, 2012

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 Realtors …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Short Sales, Statistics
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May 5, 2012

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 meet income …

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Posted in Buying, Investing, Las Vegas, Local Economy, Short Sales
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April 15, 2012

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 in …

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Posted in Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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April 14, 2012

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 …

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Posted in Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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March 10, 2012

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 …

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Posted in Foreclosures, Investing, Las Vegas, Local Economy, Short Sales
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March 4, 2012

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 …

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Posted in Buying, Foreclosures, Las Vegas, Local Economy, Short Sales, Statistics
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