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Las Vegas Reported Negative Yearly Price Change (-1.3%) (May 2009-May 2010)

Posted by Linda Strasberg on Friday, June 4, 2010, In : Las Vegas Real Estate Trends

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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Las Vegas continues to post the nation's highest metro foreclosure rate

Posted by Linda Strasberg on Thursday, April 29, 2010, In : Las Vegas Real Estate Trends

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 March Home Sales Rose...

Posted by Linda Strasberg on Wednesday, April 28, 2010, In : Las Vegas Real Estate Trends

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...

Distressed properties, including short sales and REOs, accounted for 29 percent of all home sales in the United States...

Posted by Linda Strasberg on Friday, April 9, 2010, In : Morning Coffee...The Finest Grounds/Las Vegas Real Estate Trends

Distressed properties, including short sales and REOs, accounted for 29 percent of all home sales in the United States in January, according to new data released Thursday by First American CoreLogic.

The company says it’s the highest level of distressed transactions since April 2009, and not too far off from the peak in January 2009 when distressed sales accounted for 32 percent of all sales transactions.

After declining through most of 2009, the rebound in distressed sa...