Monthly Archives: March 2011

Nevada Employment and Housing Oversupply

To what extent has Arizona’s strong economy benefited from in-migration of desperate Nevadans? March 11, 2011: Most of the District of Columbia’s employment increase isn’t government employees, but it does reflect the macroeconomic stabilising effect of the acyclical government. After … Continue reading

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80% of Homes Sold In Nevada are Distressed Sales

March 10, 2011:In Nevada, distressed homes account for more than 80% of sales there.

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The End of HAMP is Near

March 10, 2011: The House Financial Services Committee voted Wednesday in favor of two bills that would terminate both the Home Affordable Modification Program and the Neighborhood Stabilization Program. Since the government’s loan modification program known as HAMP launched in … Continue reading

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Hardest Hit Fund Nevada

March 9, 2011:With one of the highest foreclosure rates in the nation, Nevada was selected to be one of the original beneficiaries of the U.S. Treasury’s “Hardest Hit Fund” program. Nevada was awarded over $150 million in funds available to … Continue reading

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Short Sales Still Tricky States Realtors

March 8, 2011: Response times are long and many of the offers don’t end with a sale, says the California Assn. of Realtors poll. Banks are dragging their feet when considering so-called short sales, an increasingly prevalent type of real … Continue reading

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Las Vegas House Sales Up, Prices Down

March 8, 2011: The Southern Nevada housing market bounced back slightly in February with increased sales, but it wasn’t enough to prevent home prices from slipping again over the past year. The 2,591 sales of single-family homes in February were … Continue reading

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Underwater mortgages back above 11 million in 4Q

March 8, 2011: The number of homeowners who owe more on their mortgage than the property is worth rose nearly 3% in the fourth quarter as home prices and values declined. CoreLogic (: ) said 11.1 million residential properties, or … Continue reading

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