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The Governor of Nevada, Jim Gibbons met with a group of Nevada bankers as well as local government officials to coordinate efforts to seek $72M in Federal Grant Money for buying Las Vegas Foreclosed homes.
Then, the governor wants to turn around and sell these homes to low to moderate income families. The program, The Neighborhood Stabilization Program is expected to help areas with the highest amount of foreclosed and vacant…
Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 U.S. households during this holiday season; i.e. from Thanksgiving through the New Year.
This is good for this small number of households but will not have a great deal of impact in the Las Vegas Real estate market.
The two companies said Thursday that they will halt foreclosure sales between Nov. 26 and Jan. 9, while they evaluate…
Las Vegas based SalesTraq announced today that the Las Vegas Real Estate Market may have bottomed out and may be one of the first markets in the country to rebound from the foreclosure slump.
Although our prices did not rise in October they were very close to September price levels. New home median prices slid less than $4,000 to $249,000 and existing home prices dipped just $2,000 to $184,000.
Are we at…