Statistics

April 18, 2012

EARNINGS REPORTS FROM TWO MAJOR BANKS PAINTS A PICTURE OF A HEALING HOUSING MARKET -

More Americans are taking out mortgages, paying them on time, and taking advantage of low interest
rates to refinance.

At JP Morgan Chase, the biggest U.S. Bank, income from new home loans set a record for the first quarter.
The bank issued 6 percent more mortgages than a year …

View More
April 17, 2012

NEVADA STILL AT THE BOTTOM OF THE U.S. HOUSING MARKET -

Foreclosures are down and home prices have increased in recent months, but that doesn't
mean that Nevada's housing market is on the way to recovery.

According to a Lending Tree Healthiest Housing Index released in late March, Nevada has the highest
loan-to-value ratio - over 110 percent - meaning that …

View More
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 …

View More
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 …

View More
March 31, 2012

LAS VEGAS McCARRAN AIRPORT SEES A 6.6 PERCENT PASSENGER COUNT INCREASE IN FEBRUARY

Passenger counts increased for the 2nd straight month in February, while Las Vegas based Allegiant
airline continued it's double-digit growth in passenger traffic.

According to figures released by the Department of Aviation, 3,108,106 passsengers passed through the
airport in February, an increase of 6.6 percent from …

View More
March 30, 2012

NEVADA ECONOMY ON THE UPSWING WlTH TAXABLE SALES UP 4.8 PERCENT

Looks like this growth trend is real. Taxable sales numbers just released showed tidy gains in goods
sold by merchants across Nevada and Clark County.

Statewide taxable sales came in at $3.15 billion in January, up from $3 billion a year earlier, the State
Department of Taxation reported.

It …

View More
March 26, 2012

LOW MORTGAGE RATES ON THEIR WAY OUT?

It may be time to kiss record low mortgage rates goodbye. They jumped this week, as investors
bought into the notion that the economy in the U.S. is strengthening and the situation in Europe
is stabilizing.

The benchmark 30 year fixed rate mortgage rose 14 basis points this week …

View More
Posted in Buying, Statistics
March 21, 2012

THE FEDERAL RESERVE ON MONDAY SAIDTHAT IT PLANS TO FINE 8 ADDITIONAL U.S. BANK HOLDING COMPANIES FOR IMPROPERLY FORECLOSING ON HOMEOWNERS

The financial firms - Everbank, Goldman Sachs, HSBC Holdings, PNC Group, MetLife, OneWest
Bank
, Sun Trust Banks, and U.S. Bancorp - were not part of last months settlement over alleged
foreclosure abuses.

A senior associate director at the Federal Reserve called the fines "appropriate" but declined to offer
more details about …

View More
March 20, 2012

HIGHER GASOLINE PRICES SEEN AS THREAT TO LAS VEGAS TOURISM

Moody's investor service said rising gas prices could endanger the recovery as money that
consumers will spend at the casinos could be used for fuel spending with the average cost of
gasoline at $3.83 at the time of this report.

Consumers could pull back on discretionary spending and …

View More
March 15, 2012

HENDERSON AND LAS VEGAS NEW HOME SALES UP IN FEBRUARY

Low inventory of existing homes said to factor in increase. Las Vegas and Henderson is undergoing
a temporary surge due to low inventory of existing homes and the poor condition of foreclosed homes.

Home Builders Research reported 310 new home sales in February, a 31% increase from 237 a year …

View More