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Foreclosure Updates

View the latest statistics and analysis of local Las Vegas foreclosure trends.

Found 81 blog entries about Foreclosure Updates.


SELLING A HOME IS HARD WORK!

Most homeowners would probably prefer to have a professional licensed Realtor work on their behalf to sell their home, but not everyone sees the value of paying a fee for an agent’s expertise. I get it — it is not easy to recognize all the work it takes to prepare a home for sale, list it, market it and make sure everyone involved in a transaction is on schedule and committed all the way through closing.

Great agents make great partners because we bear the (substantial) cost of marketing, we have the ability to expose people’s homes to more buyers, deal with the mounds of paperwork and save the homeowner time, stress and money.

Still, people sell their homes as a For sale by owner

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Here are the top six myths about online property shopping -- busted

As real estate agents, we’ve all been on the receiving end of internet leads. Whether they be for one of our own listings or for a property in a ZIP code or territory that we are paying for, engaging, working with and converting these leads into actual closings is a hit-or-miss process — and a lot like winning the lottery.

Endless articles, books, webinars and social media chat threads have been dedicated to this very topic: What should we agents do or not do, say or not say? How and when should we follow up? And although that content is helpful for real estate agents, it’s time we flip the script and start educating consumers on what goes on after they select “click here for more

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But some markets have yet to fully recover from the crisis

The U.S. housing market has gained back all $9 trillion in value lost during the 2007 recession, according to a recent Zillow report. Furthermore, the average U.S. home is now worth $55,200 more than it was at the bottom of the housing bust.

Zillow says West Coast markets have fared the best since 2007, thanks to robust job growth and low inventory that has pushed home values up. On the other hand, The Sand States (California, Florida, Arizona and Nevada), excluding California, have yet to fully recover from the disproportionate impact the housing bust had on them.

The median home in San Jose and Las Vegas dropped $190,000 in value during the recession, but today, homes in Las

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There are so many home insurance companies out there that choosing the right one can be a challenge for most people. That’s because most of them offer almost the same services, but differ on details such as prices and the level of coverage. To help you out, here are 5 tips to choosing the right home insurance.

 

  1. Understand what the policy will cover

This may sound surprising but most people have no idea what their home insurance covers. For you to choose the right home insurance, you need to understand what is usually covered. That’s because when you understand this, you will be in a position to negotiate for better terms, as well as get a separate insurance for the things that are not covered. Besides, with a good understanding

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December existing-home sales dipped 3.6 percent month-over-month, but the year was still the best since 2006

Existing-home sales decreased 3.6 percent to a seasonally adjusted annual rate (SAAR) of 5.57 million in December — dipping from a downwardly revised 5.78 in November, the National Association of Realtors (NAR) reported today.


This month’s sales pace is 1.1 percent above December 2016 and is the strongest sales pace in 11 years.

A healthy economy drove buyer demand in 2017

The median existing-home price for all housing types in rose 5.8 percent to $246,800, making December the 70th month in a row to see year-over-year gains.

Total housing inventory fell 11.4 percentage points month-over-month to 1.48 million homes

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The final quarter of 2017 was full of market-moving headlines, including a rise in the short-term Fed Funds Rate, which is the rate at which banks lend to one another overnight, along with the passage of the Tax Cuts and Jobs Act.

The tax bill energized markets, pushing U.S. Stocks to record highs. The rally was further bolstered by a solid economy and a strong labor market.

Historically, when Stock prices improve, Bond prices and the home loan rates tied to a type of Bond known as Mortgage Backed Securities often worsen. Despite the recent Stock-friendly news, home loan rates remained just above all-time lows. 

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5 Listing Price Considerations to Keep in Mind

If you’re planning on selling your home or you’re thinking about buying a new home, the listing price is one of the most important factors for success in either case. For the buyer, the listing price matters because a buyer wants to get the best home at the best price. For the seller, setting an appropriate listing price is often the difference between selling their home, and having it sit on the market longer than desired.

Before you settle on a home or a listing price for the home you’re selling, it is important to evaluate the listing price against certain factors to ensure the price is fair and adequate. Here are five listing price considerations to keep in mind when buying or selling a

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Homeowners aren't selling, and the prospect of rising rates could encourage them to 'lock-in' and stay put

Mortgage rates are expected to rise this year, aggravating the already-vexing problem of not enough existing homes on the market, according to a panel of economists speaking last week at the International Builders Show in Orlando.


Among the experts there was no consensus on rates other than that they are poised to increase. But Frank Nothaft, the former chief economist at mortgage giant Freddie Mac who now wears the same hat at CoreLogic, pointed out that those homeowners with mortgages at lower than the prevailing rate are thinking twice about putting their homes up for sale. “Realtors call it the lock-in effect,” he said.

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