Linda Strasberg


Century 21 Aadvantage Gold

Showing Tag: "real estate trends" (Show all posts)

The risk of continued price declines shrunk in most metropolitan areas...

Posted by Linda Strasberg on Tuesday, May 4, 2010, In : Las Vegas Real Estate Trends 

The risk of continued price declines shrunk in most metropolitan areas studied by the PMI Mortgage Insurance Co. — the principal operating subsidiary of The PMI Group.

The report finds that 93%, or 356, of 384 metropolitan statistical areas (MSAs) showed declining risk scores in Q409 compared with the previous quarter, while only one rose and the rest remained unchanged.

“This is a significant change in the outlook for lower house prices, as the past couple of quarters showed a m...


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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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The foreclosure tide is still rising...

Posted by Linda Strasberg on Friday, April 16, 2010, In : Morning Coffee...The Finest Grounds/Las Vegas Real Estate Trends 


The foreclosure tide is still rising. RealtyTrac reported Thursday that foreclosure filings were brought against nearly one million properties during the first three months of 2010. That’s a seven percent increase from the previous quarter, 16 percent higher than a year ago, and equates to one in every 138 homes in the United States.

Altogether, foreclosure filings – including default notices, scheduled auctions, and bank repossessions – were reported on 932,234 properties ...

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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...


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After two years of falling prices, US housing is undervalued in most markets...

Posted by Linda Strasberg on Wednesday, April 7, 2010, In : Morning Coffee...The Finest Grounds/Las Vegas Real Estate Trends 


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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More than 170,000 troubled home owners are breathing a sigh of relief...

Posted by Linda Strasberg on Friday, March 12, 2010, In : Las Vegas Real Estate Trends 


More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program.

Some 15.5% of those who entered the program have gotten long-term adjustments through February, up from 11.5% a month earlier, according to a report from Treasury officials issued Friday.

When you do not qualify for a loan modification, your property may qualify for a Short Sale!

Benefits of a Short Sale -...
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US foreclosure filings in February remained 6% above the level in 2009...

Posted by Linda Strasberg on Thursday, March 11, 2010, In : Morning Coffee...The Finest Grounds/Las Vegas Real Estate Trends 


Morning Coffee...The Finest Grounds

US foreclosure filings in February remained 6% above the level in 2009, despite dropping 2% from January, according to Realty Trac.

More than 308,000 homes – or one in every 418 – received a foreclosure filing in February, which includes default notices, scheduled auctions and bank repossessions.

James Saccacio, CEO of RealtyTrac, said the 6% increase from last year was the smallest since January 2006, but it was the 50th consecutive month of yearly incre...
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