Sure, Southern Nevada’s housing price gains cooled a bit in September. But the Las Vegas Valley still has plenty of investors trying to cash in, according to a new report from California research firm RealtyTrac.
Housing
A study by the real estate Trulia indicates that 72 percent of homes for sale in the Las Vegas valley are within reach of the typical household here.
Even as U.S. foreclosure starts fell to a seven-year low in the third quarter, default activity kicked into high gear in Clark County and across the Silver State, according to a report Wednesday from California research firm RealtyTrac.
After 19 months of steady increases, the value of single-family homes in Southern Nevada took a tumble in September.
Banks, title companies and processors used September’s waning days to mount a record-setting foreclosure push before a Homeowners Bill of Rights took effect Tuesday.
If the commissioners who oversee Nevada’s common interest communities have inherent conflicts of interest, then the board member who recently made this claim is just as conflicted, his critics say.
Observers on both sides of “The Homeowner’s Bill of Rights” agree it’ll throw another kink into Nevada’s moribund foreclosure segment. The question is what’s more important: Protecting homeowners who are behind on payments or promoting speedy recovery of the state’s housing market?
A new report shows a sustained high level of cash and investment sales in Nevada’s housing market.
As local home prices and sales have bounced back, so has the federal land auction.
Nevada’s high foreclosure rate has made it a target for mortgage fraud investigations.
Nevada’s foreclosure logjam gave way in August as banks seemed to adjust to the state’s new repossession law.
The local housing market is still looking for equilibrium. That was the word Monday from the Greater Las Vegas Association of Realtors, which released numbers that showed new signs of stability.
Southern Nevada’s housing market has moved from intensive care into rehab. That’s the word from California-based real estate research firm RealtyTrac, which released a report Wednesday confirming that local housing remains deep in recovery mode.
Thanks to double-digit price gains over the past year, the number of Las Vegans with negative equity – owing more on their mortgage than their home is worth – fell below the 50 percent watermark in the quarter that ended in June, according to real estate website Zillow.
WASHINGTON — U.S. home prices rose 12.1 percent in June from a year earlier with Las Vegas leading all cities with a 24.9 percent gain.
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