Homebuilder stocks increased Thursday after a trade group report showed second-quarter home sales increased in the most badly battered housing regions. Home sales gained 18 percent in Nevada compared with last year, and California sales rose 3.7 percent, according to a report by the National Association of Realtors. Surging foreclosures and falling home prices have hammered [...] [...more]
More homeowners than ever are selling at a loss, propelling the real estate market deeper into crisis. In the 12 months that ended June 30, nearly 25% of all homes sold nationwide fetched less than sellers originally paid, according to real estate Web site Zillow.com. While the nation’s double-digit decline in home prices has been well documented, [...] [...more]
Home sales picked up their pace last month as prices continued their slide. The number of homes sold by a Realtor in the Las Vegas area last month increased for a seventh consecutive month. The Greater Las Vegas Association of Realtors said today that 2,592 single-family homes were sold in July, compared to 2,226 in June. [...] [...more]
