Real estate investors in Las Vegas who have been picking up foreclosed property for pennies on the dollar claimed a victory in a new Nevada Supreme Court ruling.
The latest residential data shows key indicators in housing are mixed. The market is said to be recovering, but not yet recovered.
Las Vegas-based Home Builders Research say 428 new homes were sold in April, which is down 34 percent from the same time last year.
Southern Nevada home prices were slightly down in April, and so were the number of single-family homes on the market.
Spring 2014 housing indicators tell us that procrastination is not the way forward for buyers.
Southern Nevada home prices were up in March, and the number of homes on the market is also on the rise.
Nevada’s foreclosure rate was third in the nation in February after falling behind Florida and Maryland in the rankings.
Due to frigid conditions in much of the nation, February’s real estate wrap-up required boots and a shovel, as well as deeper pockets.
Nevada’s foreclosure rate was second in the nation in January after the state saw a spike in scheduled foreclosure auctions.
Southern Nevada home prices didn’t budge from December to January.