foreclosures

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Banks May Be Seeing the Light on Short Sales

Friday, November 6th, 2009

Larry Murphy, president of SalesTraq, which follows foreclosures says that he is skeptical of many Las Vegas analysts who say there is more doom to come for the Las Vegas and Henderson housing market.  He still expects bank repossessions this year to be about 25,000 and match those is 2008, but he expects a lot [...]

Showing Signs of Recovery

Saturday, October 24th, 2009

The housing market here in Las Vegas and Henderson has shown signs of improvement in almost every category in the past month of September.  The median existing home price rose an astounding $3,500 from the previous month of August.  The median price is still down a total of 33.7 percent from a year ago, but [...]

The Opportunity to Invest

Friday, October 9th, 2009

Many analysts are waiting to see if the big decline of investment sales from July to August of this year will be the pattern for the remainder of the year.  So far investors do not seem to be going away, even as the amount of foreclosed homes on the market decreases.  In August around 45 [...]

The “New” Market

Friday, September 18th, 2009

Although the median market price of existing homes is continuing to drop due to foreclosure sales, the new housing market is beginning to show some progress.  Resales for this year alone are up an astounding 52 percent, leaving the new housing market very little room to breathe.  Buyers are realizing that good homes are hard [...]

August Sales and Prices

Friday, September 11th, 2009

After several months of stability in the Las Vegas housing market we have seen a drop in both sales and prices in the month of August.  Homes are still selling at a decent pace, just for a little less and at a slower rate than the previous month of July.  The sales of single-family homes [...]

Releasing Foreclosures

Friday, September 11th, 2009

It appears that lenders, who have been holding off as many as 20,000 homes from the foreclosure market, are slowly releasing them onto the Multiple Listing Service (MLS).  Lenders are doing this because they are concerned that releasing too many homes at once will push down the market price even further, earning less of a [...]

Nevada Leads Nation’s Foreclosures

Friday, August 28th, 2009

The state of Nevada leads the nation with the highest residential foreclosure rating in the country at 3.7 percent for the second quarter.  Yet oddly enough many would still consider the Henderson and the greater Las Vegas area a seller’s market for many single-family homes. Even though the prices on many homes have dropped by [...]

Quick Tips for First-Time Home Buyers

Sunday, August 16th, 2009

Buying a home for the first time can be one of the most important decisions that you will make in your lifetime.  There are a lot of emotions that go into buying a home, especially your first one, and you don’t want to let those emotions get in the way of making a safe and [...]

A New Breed of Buyer

Wednesday, August 5th, 2009

Many Californian investors are looking to capitalize on the downed housing market here in the Las Vegas and Henderson area.  Many investors with several hundred thousand dollars to invest are coming to Vegas to try and take advantage of the housing market. In the record breaking month of June, investors made up 38% of the [...]

Local Home Sales Break Record in June

Sunday, June 28th, 2009

Is there a better time to buy then now?  When looking at the numbers for the month of June 2009, the answer may possibly be no. The sales of single-family homes, condos and townhomes are at an all time high of 4,702 in the past month.  This beats the previous record of 4,414 all the [...]

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