Uncategorized

Vegas home prices still in free fall

Posted by Helen on February 25, 2011 at 11:33 pm

Homes in Las Vegas, on average, have lost more than half their value since 2006. They now sell for less than they did in 2000. The city had a record-high 14.9 percent unemployment rate in December. It also led the nation in foreclosures last year. Three out of every four sales in southern Nevada are [...]

Future not looking too good for the middle class

Posted by Helen on December 27, 2010 at 11:09 pm

#1 In 2009, total wages, median wages, and average wages all declined in the United States. #2 Since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but to

Las Vegas home sales down 22.9% in November: MDA DataQuick

Posted by Helen on December 27, 2010 at 6:11 pm

Home sales in the Las Vegas region continued to fall in November as investors and first-time homebuyers dominated the market. A total of 3,693 new and resale houses and condos sold in the Las Vegas metropolitan area in November, down 6.8% from Octob

Bank of America in Court Again

Posted by Helen on December 27, 2010 at 6:07 pm

The attorneys general of both Nevada and Arizona have recently instituted yet another legal action. Last Friday (17th December 2010), they filed a lawsuit against lending giant Bank of America alleging both “widespread fraud” and “false promises” reg

November 2010 foreclosures drop in Las Vegas – but still high

Posted by Helen on December 27, 2010 at 5:58 pm

By Buck Wargo (contact) Wednesday, Dec. 15, 2010 | 9 p.m. Foreclosure filings in Las Vegas and the rest of Nevada dropped significantly in November but continue to outpace the same month last year by more than 20 percent. California-based RealtyTra