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We believe the real perspective about Las Vegas Real Estate is not always being conveyed accurately, as much of our media likes to focus on the negative and not on the positive issues that help to make up the bigger picutre.
Here are some statistics that you will not see in most publications or news shows:
We try to present insightful analysis of the local Las Vegas Real Estate Market when/where we can. Today the national mortgage provider PMI Mortgage Insurance Co. thinks sales of existing homes here in Las Vegas and around the rest of the country probably hit bottom in the first three months of the year and believe that sales will increase each quarter for the remainder of this year and next.
The Treasury Department announced Wednesday the first six participants to sign up for President Obama’s mortgage rescue plan.
The list includes three of the nation’s largest banks: JPMorgan Chase, which will get up to $3.6 billion in subsidy and incentive payments; Wells Fargo, $2.9 billion; and Citigroup $2 billion. The others are GMAC Mortgage, $633 million; Saxon Mortgage Services, $407 million; and Select Portfolio Servicing, $376 million.
Additional loan servicers will be…