Sales of previously occupied homes in the Western US accelerated nicely in late February, as low mortgage rates and affordable foreclosed properties drew in many first-time buyers and investors from around the US and the world.
A total of 68,000 existing homes and condos were sold in February in the 13-state region. Sales were up 24 percent from the same month last year, without adjusting for seasonal factors, according to the National Association of Realtors.
Las Vegas, Los Angeles, Phoenix, San Diego and San Francisco were the only major metropolitan areas in the Western US to register an increase in home sales, according to The Associated Press-RE/Max Monthly Housing Report just released. The Las Vegas Real Estate market is coming back!
Update on Las Vegas Foreclosure Assistance
As loan servicers scramble to implement President Obama’s foreclosure prevention plan, the administration on Thursday unveiled a Web site to assist homeowners in determining whether they are eligible for help from the Federal Government’s Program(s)
President Obama rolled out his $75 billion foreclosure prevention program on Feb. 18, saying it would begin two weeks later when financial institutions received the guidelines. Many people are still uncertain on whether or not they will qualify for the program.
Click here for a Link to the Federal Government Web Site Or, if you are confused please call our office and we will be happy to help you via 877.360.2030 or email: info@LasVegasRelocation.com
