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Metro Markets (May 2009 - May 2010)



Las Vegas reported negative yearly price change (-1.3%). The Las Vegas, Nev. Quarterly REO saturation rate remained high (45.9%), despite a slight 1.5 percentage point improvement from last month's report. However, recent improved price movements in Las Vegas have been sufficient enough to improve yearly losses from -7.2 percent in last month's report to its current -1.3 percent mark.

Gotta Move?  Upside Down?  Your Property May Qualify For A Short Sa...
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They are rolling the dice in Las Vegas these days -- on the casino craps tables but also on foreclosure charts, betting how many more homes will go under.

A first-quarter analysis of the housing market released today by Irvine, CA-based RealtyTrac shows Las Vegas continues to post the nation's highest metro foreclosure rate with one in 28 housing units receiving a foreclosure filing (3.51 percent) -- 4.9 times the national average.

A total of 28,480 Las Vegas housing units received a fo...
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Las Vegas region home sales rose last month to the highest level for a March in four years as buyers took advantage of soon-to-expire tax credits and low home prices and mortgage rates. The median sale price inched up from February and declined from the year-ago level by the smallest amount since October 2007, thanks mainly to an uptick in transactions over $200,000 and a decrease in foreclosure resales, a real estate information service reported.

Foreclosure resales – homes tha...

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Members of the Federal Open Market Committee (FOMC) in their March meeting revised down their expectations of gross domestic product (GDP) growth because of a leveling off in housing activity.

Weak state and local government spending, as well as substantially reduced household income in the second half of 2009, also contributed to the FOMC’s downward projections.

Despite government interventions, housing remains a key concern in the US. For example, housing starts remained flat while ...

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After two years of falling prices, U.S. housing is undervalued in most markets, according to a new study.

Recent data showing a miniscule 0.1 percent drop in prices in the fourth quarter "indicates that the housing market is still working towards -- and is close to achieving--stabilization," concludes the House Prices in America report prepared by IHS Global Insight and PNC Financial Services Group.

None of the major U.S. metro markets were rated as significantly overvalued by the study....
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