Southern Nevada resales slowed down considerably over the winter months and understandably put a little scare on local real estate folks. In the fall things had moved right along, raising hopes that some kind of a housing rebound was underway, spurred on by delicious mortgage rates and shamefully
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04/08/2010
Mortgage financing in Las Vegas has been hard to come by in recent months. Single-family home underwriting criteria is tough enough as it is and condominiums are treated with even harder scrutiny. And then there are luxury condo-hotels that standard mortgage lenders don't want to touch today with
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04/06/2010
Price-rent ratio is one good way to gauge whether a particular housing market's values are stable or not. The popular ratio is figured by dividing a city's median home price by its median annual rent. A pretty basic calculation that will actually say a lot. The national historical average has bee
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04/04/2010
Some good news are starting to sneak into the devastated real estate market from far-off directions. They may not mean all that much in the conventional big picture that usually chews over topics like foreclosures, short sales, home price drops and mortgage lender failures. Nevertheless, many sma
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04/01/2010
Southern Nevada was hailed as the boomtown USA just a few years ago. Those days as many as 54,000 people annually moved into the area from all corners of the country. They came here for jobs and the climate and the good old-fashioned excitement of being able to live in Sin City dominated by the g
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03/29/2010
Many Southern Nevada - including Mountains Edge, Summerlin, North Las Vegas, Henderson, Canyon Gate and Spanish Trail - mortgage borrowers are still dealing with the effects of the great real estate meltdown. Short sale has recently become a more acceptable avenue for home loan banks to address t
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03/26/2010
The housing market meltdown seems to be truly making life miserable for Bank of America. As things started unraveling in the residential real estate sector and pushed countless mortgage lenders to either bankruptcy or to the brink of one, BofA figured it'd buy one of them on the cheap and really
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03/24/2010
When the notorious housing bubble was forming some years ago a lot of factors were aiding and abetting its run to those dizzying, unsustainable heights. One of them was mortgage fraud. Banks were so busy crafting new and glitzy home loan products and making money hand over fist with them that oft
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03/22/2010
The real estate market has been meandering along with little purpose for a long time, trying urgently to locate firm ground anywhere from which to launch something resembling a rebound. That it is in a position like this at all it can thank the government for. Despite what the FHA, Fannie Mae and
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03/18/2010
Ray recounts how frustrating it is for homeowners in distress and real estate agents to deal with banks. These types of situations are probably very familiar to many Las Vegas mortgage borrowers, too.I ran into a previous client today. I had tried to conduct a Short Sale for her back in 2007 to
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03/17/2010
