Monthly Archives: March 2010

WASHINGTON (AP) — The Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped program is now designed to aid jobless homeowners and people who owe more on their mortgages than … Continue reading →

Once home to soaring prices in the midst of the housing boom, Las Vegas has now had declines for three straight years, and is by far the weakest market in the country according to an article in the New York … Continue reading →

First American CoreLogic estimates that the typical Las Vegas homeowner who is in negative equity will not experience positive equity until 2020 according to an article in Housing Wire. Las Vegas is estimated to recover in 2020. The projections are … Continue reading →

Under fire to do more to stop the foreclosure crisis, the Obama administration announced new steps on Friday to help the unemployed and those who are “underwater” with a bigger mortgage than their home is worth. For some unemployed borrowers, … Continue reading →

Survey: 4 of 10 residents looking to leave Las Vegas During Las Vegas’ boom years, plentiful jobs were enough to keep the masses moving here says the Las Vegas Sun. Now that the boom has gone bust, a new survey … Continue reading →

HAMP WAS DESIGNED POORLY AND IMPLEMENTED TERRIBLY The HAMP program merely spread out the foreclosure crisis over the course of several years, at significant taxpayer and homeowner expense. The Special Inspector General for the Troubled Asset Relief Program said the … Continue reading →

The Las Vegas real estate market got a small reprieve in February; with sales volume at a four-year high for the month and a dip in foreclosure resales helping prices increase slightly from January scouped again by another excellent article … Continue reading →