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Realtors are to a certain extent the “canary in the cold mine” when it comes to the health of a specific real estate market. Those of us in the Las Vegas real estate market are beginning to see signs of a turnaround, which is mirroring what economists are saying about the US economy as a whole.
Doom and Gloom Scenarios
The doom and gloom issues are: unemployment is at a 25…
The Obama’s administration’s $75 billion effort to help as many as 9 million mortgage holders get new or refinanced loans is drawing a lot of interest from homeowners and at the same time is increasing the number of scam artists that are trying to cheat people who may be contemplating a Las Vegas Foreclosure.
The Treasury’s financial crimes investigative unit is sending financial institutions a checklist to help them spot suspicious…
According to the National Association of Realtors, housing affordability hit a record high in February. NAR’s Housing Affordability Index increase .9% points to 173.5 in February, which is up to 36.3% points from just a year ago. The HAI index incorporates relationships between home prices, mortgage interest rates and family income as the determinants for analysis.
Las Vegas Real Estate Becoming Very Affordable
According to the NAR report, a family earning the…