Monthly Archives: May 2010

THE SECOND COMING For a brief moment last fall, it looked as though the American housing sector might not be the persistent economic drag economists had feared. Home prices and sales leveled off and began climbing. Construction did the same. … Continue reading →

MEMO TO THE BANK: TAKE THIS MONEY SUCKING HOUSE AND SHOVE IT! Go ahead and wreck my credit for years to come. I’m walking away, no matter what says the Washington Post. There are breaking points where homeowners have a … Continue reading →

The price of existing homes in April in Las Vegas rose to its highest level in more than a year, according to figures released Tuesday by SalesTraq. The median price of existing homes closed in April was $126,000, the highest … Continue reading →

Josh Snider and Cindy Rojas visited the lot for their home at Coronado Ranch in Las Vegas, developed by America West states. The New York Times presents an article which suggests the beginning of another Las Vegas property bubble. “Its … Continue reading →

ONE IN SIXTY LAS VEGAS HOMES ARE IN FORECLOSURE The number of homes delinquent in their mortgage payments continued to rise in the Las Vegas valley, and banks foreclosed on a greater number of homes statewide in April than March, … Continue reading →

Las Vegas remains the core-based statistical area (CBSA) with the greatest rate of underwater mortgages. There, 75% of mortgaged properties are underwater. More than 11.2m, about 24% of all residential properties with mortgages were in negative equity at the end … Continue reading →

For the first time since 2007, the Greater Las Vegas Association of Realtors reports a year-over-year increase in home prices. GLVAR reports first year-over-year increase in home prices since 2007. Local housing statistics released today by the Greater Las Vegas … Continue reading →