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Just when we thought the housing market was starting to find stable ground, predictions that a new wave of foreclosures is coming shakes things up again.
Recently, Bank of America announced it plans to release 6,000 foreclosed properties in Nevada this year. Some analysts predict housing prices could go down as backlogs of distressed properties are released to the market.
More …………. http://www.mynews3.com/index.php
I am also one to believe we will survive the... [Read more]
Real Estate Market Sees Signs of Hope
Posted: Feb 19, 2010 9:40 PM PST Updated: Feb 19, 2010 11:01 PM PST
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Real Estate Market Sees Signs of Hope
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LAS VEGAS – Signs of hope are emerging in the country’s real estate market. For the first time in three years, the number of people who are behind on their house payments went down. That drop means the number of people losing their homes may start to fall.
The Greater Las Vegas Association of Realtors... [Read more]
Real estate analysts predict continued gloom for Las Vegas
By HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
A cloud of foreclosures will hang over Las Vegas for at least a couple more years and median prices will continue to fall in 2010, most likely by double digits, executives from two California-based real estate tracking firms said Tuesday.
About $2.5 trillion in mortgages are due to reset next year, a substantial amount of it in places already reeling from the foreclosure crisis, said Rick Sharga,... [Read more]
Daily Real Estate News | December 4, 2009 | Share
Banks Start to Embrace Short Sales
Even before the government put pressure on them to embrace short sales, more banks were starting to take their lumps, do the short-sale deals and move on.
Three years into the housing meltdown, short sales have tripled to 40,000 in the first six months of 2009, compared to the same time period a year ago, according to data from the Office of Thrift Supervision and the Office of the Comptroller of the... [Read more]
