Sales of foreclosed homes continue to decline in Nevada, while lenders were more willing to agree to short sales.
Between January and October, the Las Vegas constable’s office has served just over 17,000 eviction notices. That’s down from nearly 37,000 evictions in 2011.
Foreclosures are up in Nevada for the first time in nearly three years.
A new report by the research firm Zillow says the median home price in the valley rose 7% in the third quarter.
Nevada officials report more interest in real estate careers just as housing prices start ticking up.
Foreclosure sales accounted for 43 percent of all home sales in Nevada in the second quarter, tying Georgia for the highest percentage in the nation.
Nevada’s foreclosure rate is sixth in the nation after big drops in activity compared with last year. Among metro areas, Las Vegas is ranked 29th in the nation–with fewer foreclosures than at anytime in the past five years.
Las Vegas home prices are climbing up for the fifth straight month in the longest upward streak since 2004.
Nevada is no longer the nation’s foreclosure capital.
Congressional candidate Danny Tarkanian says he’ll appeal a 17-million-dollar judgement for a loan on a real estate deal that went bad.