Grim outlook for Phoenix, Las Vegas home sales
New -home sales in Phoenix and Las Vegas, two U.S. markets hardest hit by foreclosures, are set to plunge as a federal tax credit for homebuying expires, according to data from real estate researcher Metrostudy. A sample of subdivisions in both cities showed sales contracts for new homes “pulled back sharply in May and contract cancellations spiked,” Houston- based Metrostudy said.
Las Vegas Foreclosures | FavStocks
For people interested in Las Vegas housing, there’s a word you should become familiar with foreclosure. A foreclosure is a home where the previous. More…
Las Vegas Remains Foreclosure Capital in Q1
Maybe they should call it Foreclosure City instead of Sin City. Las Vegas was again the source of the highest foreclosures density in the U.S. during the first quarter, according to a new RealtyTrac report documenting foreclosure rates in the 209 largest metropolitan statistical areas. It had an incredible one foreclosure for every 28 properties. That’s even worse than Nevada’s overall 1-in-33 … More…
Las Vegas High Rise Blog Where’s the Bottom of the Las Vegas …
When will the real esate bottom occur? Based on the number of Las Vegas foreclosures in the pipeline the bottom appears to be a long time away. More…
Miami, Las Vegas still hardest hit with foreclosures and delinquencies
The 90-day delinquency rate in Las Vegas, for example, is 21.7%, and Miami, at 28.8%, ranks the worst city for homes in foreclosure or already bank-owned, according to First American and research by Forbes.com. … More…
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