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Tag Archives: Recovery

2014 So Far So Good

The latest numbers released from the Greater Las Vegas Association of Realtors showed that median prices continued to increase throughout the first half of 2014.  This is especially good news considering that sale numbers fell, inventory improved and investors were less active. The median price of a single family home in June was $199,900, which […]

Southern Nevada Economy Seen as Strengthening

Stephen Brown, director of the Center for Business and Economic Research at UNLV, feels that current trends in our region are pointing upward for our local economy.  He sees Southern Nevada’s economy moving towards pre-recession levels in tourism, gaming, construction and the housing industry. “The good news,” Brown said, “is that the Southern Nevada economy […]

Delinquency Rates and Foreclosures Down

Nevada ranks second in 90 day plus delinquency rates and 8th in terms of loans in foreclosure. The Mortgage Bankers Association released their first quarter national survey of mortgage delinquency data.  From a national perspective, mortgage delinquencies and foreclosures declined during the latest reporting period.  New Jersey reported the highest rate of foreclosure starts and loans […]

Vegas Valley Home Prices Up For 2013

The Greater Las Vegas Association of Realtors reported that single family resale homes were at a median price of $185,000 in December.  That is up 24.2% from $149,000 in December 2012.  The median price for condos and town homes was also up from last year.  They rose 26.3% to end the year at $96,000. Much […]

Nevada Housing Stability Improves

The state Department of Business & Industry gave Nevada a C on its 3rd quarter Housing Stability Index.  That is an upgrade from the C- in this year’s 2nd quarter and is also up from a D+ from the 3rd quarter of 2012.  This is the highest grade for the index performance since January 2007. […]