Las Vegas Valley home prices are continuing to show signs of stability early in 2015. The median price for a single family home in February reached $205,000. This is up 2.5% from January and up 7.9% from 2014. Median prices rose about 10% in all of 2014 which was less than half of the 24% […]
Tag Archives: Short sale
Nevada Housing Market Continues to Stabilize
Nevada’s housing market continued to show signs of stabilization in January. One of the major signs of that stability is that big institutional investor buying has slowed down to just 6.5% of sales. This is down from 10.7% a year ago. Short sales also slowed down to 13.4% from 22.9% a year ago. Closer to […]
Real estate statistics; it’s not always that simple
You might have seen the recently run story on MSN.com, “Housing recovery boom, bust states”. This top 5 list of best and worst states for market recovery awards Nevada the dubious honor of #1 “bust” state. The criteria for rankings on these lists are the number of delinquent mortgages, foreclosures, and the number of mortgages […]
Banks Unfairly Foreclosed On Homeowners
This past week saw several news agencies reporting that as a result of a review of mortgages, several big banks have uncovered hundreds of cases of improperly foreclosed loans. Over 700 active military members lost their homes due to the improper handling of their delinquent loans. According to the Servicemembers Civil Relief Act, lenders cannot […]
Foreclosures on Rise Nationally by Andy Karpf
The number of homes that received first time foreclosures notices rose 7% nationally in March, setting the stage for a surge in the properties being repossessed by lenders this year. This represents the third straight month increase this year and reflects a stepped-up effort by banks to take action against homeowners who fail to keep […]