New numbers released show a huge jump in the number of homes sold in Las Vegas. The Greater Las Vegas Association of Realtors says the number of homes sold jumped 181-percent in September, compared to the same time last year. The association indicates that home sales were high due to lower selling prices. The median price of [...] [...more]
The run of seven consecutive months during which home sales increased ended in August, but sales remained strong compared with last year, and inventory was whittled down - good signs for the housing market’s eventual recovery. The 2,545 sales in August were 93 percent more than in August 2007, according to the Greater Las Vegas Association [...] [...more]
Mortgage rates dropping after federal action to take over Fannie Mae and Freddie Mac help to spur housing interest in Nevada. So says Rob Wigton of Minden, president of the Nevada Association of Realtors, whose agents are busier now. A check of online interest rates showed reasons for the following enthusiastic assessment from Wigton: “We’re certainly thrilled. [...] [...more]
Sales of existing houses rose last month, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. However, the number of unsold properties hit an all-time high, the latest indication that the worst housing slump in decades is far from over. Prices nationwide are not predicted [...] [...more]
Sales of existing homes rose in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. However, the number of unsold properties reached an all-time high, the latest indication that the worst housing slump in decades is far from over. The National Association of Realtors reported [...] [...more]
