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 …

MORE EMPHASIS PLACED ON SHORT SALES
AS A PANEL NOTES "FORECLOSURES ARE
NOT THE CURE FOR THE HOUSING CRISIS"

The National Community Stabilization Trust advocates
stabilizing neighborhoods with more short sales.
(please read our previous blog about short sales) .

Foreclosures are going to rise before they fall according
to the …

NEW NV LAW AIMED AT ROBO-SIGNINGS

Assembly Bill 284 requires a lender seeking to foreclose in Nevada to record a notarized affidavit of authority to foreclose that includes information that they have the legal right to exercise the power of sale.

This new law protects homeowners from improper foreclosures and …

LAS VEGAS SHORT SALES

ALIVE AND WELL

Due to a recent Nevada law (a seller may not require a buyer to waive the SRPD requirements in NRS 113.130) making it harder for banks to foreclose because of alleged fraud, banks are starting to realize that receiving some dollars are …