Housing Lenders Fear Bigger Wave of Loan Defaults Homeowners with good credit are falling behind on their payments in growing numbers, even as the problems with mortgages made to people with weak, or subprime, credit are showing their first, tentative signs of leveling off after two years of spiraling defaults.Visit New York Times Website
Real estate slump is a boon to conservation deals CHARLESTON, W.Va. - Hard times for real estate developers means good times for conservationists as plummeting property values put tens of thousands of additional acres of historic and scenic property within their reach....Visit Associated Press Website
Administration OKs new way to help mortgage market WASHINGTON - The Bush administration and federal banking regulators joined with the nation's four largest banks Monday to endorse a new way to pump money into the battered U.S. mortgage market.Visit Associated Press Website
Real Estate Close-Up: Las Vegas Las Vegas has the distinction of having one of the worst housing markets in the country. But now that slump, along with job losses and high fuel prices, is infecting Sin City's commercial real estate market, sending vacancies in all sectors sky high.Visit Associated Press Website
Foreclosures to rise, whomever wins White House WASHINGTON - Home foreclosures will keep rising next year no matter who is elected president in November....Visit Associated Press Website
Cetus Mortgage Ceases Operations The Nevada Division of Mortgage Lending (MLD) today announced that Cetus Mortgage, a hard money mortgage brokerage based in Reno, Nevada, has ceased operations...
100 Acres Bordering Stratosphere on the Market Larry Wright has an exit strategy for himself and many of his neighbors in an area of Las Vegas known as Naked City. Wright, a broker-salesman with Keller Williams Realty-SW has united as Naked City Property Owners Alliance the owners of some 90 properties totaling 100 acres to the north, south and west of the Stratosphere resort...Visit GlobeSt.com Website
Las Vegas May median home sales price breaks slump SAN FRANCISCO, June 5 - The median price of a single-family home sold in the Las Vegas area in May posted its first monthly gain since mid-2007 and home sales in the hard- hit housing market notched their fifth consecutive monthly rise, a local real estate agents group said on Thursday.Visit REUTERS Website
Gemstone Development CEO Blasts Media Gemstone Development, one of Las Vegas’ largest new homebuilders, announced that CEO Alex Edelstein has launched FrothingDeveloper, a new blog designed to counter the media’s perennially negative spin on the economy and the housing market...
Baltimore vs. Vegas: Counting the cranes Cranes mean construction, construction means growth and growth means more money is flowing in and out of the coffers of local business, boosting the tax base and generally making the city an exciting place to live. We can write until our fingers fall off about new leases, secured financing deals and imaginative architectural renderings, but until the crane goes up, there’s no guarantee that development will move forward.Visit The Daily Record Website
S&P: US home prices tumble a record 14.1 pct in 1Q NEW YORK- U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen....Visit Associated Press Website
Plenty of 'For Sale' signs but actual sales lagging WASHINGTON - Like spring flowers, the "For Sale" signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures....Visit Associated Press Website
Bulls vs. Bears: Who Wins? LAS VEGAS-“1990-91 rocked my world. We’re going through a cycle that feels similar,” said Bernard Haddigan, managing director of Marcus & Millichap’s national retail group...Visit GlobeSt.com Website
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