Showing Tag: "short sales" (Show all posts)

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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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...

Home Sales in Las Vegas Increased to 3,175 in March...

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

Home sales in Las Vegas increased to 3,175 in March, up 32.8 percent from the previous month and up 6.5 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported Wednesday.

Inventory of homes for sale declined 9.9 percent from a year ago to 20,548 and median home price dropped 8.7 percent to $136,000.

Realt...

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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Linda Strasberg