According to data obtained from the GLVAR, the number of homes listed as “available” rose to 13,527 by the opening week of August 2010. Inventory increases have been reported during the past 13 consecutive weeks when availability previously stood at 10,093 units.
The number of properties listed as available is 6.3 percent higher than reported one year ago and reflects a contrasting trend to the earlier months of 2010 when inventory levels were on the decline. Additionally, the count of properties identified as contingent or pending (i.e., homes that have a …

Just when we thought the housing market was starting to find stable ground, predictions that a new wave of foreclosures is coming shakes things up again.
Recently, Bank of America announced it plans to release 6,000 foreclosed properties in Nevada this year. Some analysts predict housing prices could go down as backlogs of distressed properties are released to the market. Read More http://www.mynews3.com/index.php

I am also one to believe we will survive the next wave of foreclosures.  Banks may be releasing their inventory but just a trickle.  They are not dumb, they …

Real Estate Market Sees Signs of Hope
Posted: Feb 19, 2010 9:40 PM PST Updated: Feb 19, 2010 11:01 PM PST

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Real Estate Market Sees Signs of Hope
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LAS VEGAS – Signs of hope are emerging in the country’s real estate market. For the first time in three years, the number of people who are behind on their house payments went down. That drop means the number of people losing their homes may start to fall.
The Greater Las Vegas Association of Realtors says a turnaround may already be underway …

Real estate analysts predict continued gloom for Las Vegas
By HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
 

A cloud of foreclosures will hang over Las Vegas for at least a couple more years and median prices will continue to fall in 2010, most likely by double digits, executives from two California-based real estate tracking firms said Tuesday.
About $2.5 trillion in mortgages are due to reset next year, a substantial amount of it in places already reeling from the foreclosure crisis, said Rick Sharga, senior vice president of Irvine, Calif.-based Realty Trac.
It’s difficult to pinpoint …

Daily Real Estate News  |  December 4, 2009  |   Share
Banks Start to Embrace Short Sales
Even before the government put pressure on them to embrace short sales, more banks were starting to take their lumps, do the short-sale deals and move on.
Three years into the housing meltdown, short sales have tripled to 40,000 in the first six months of 2009, compared to the same time period a year ago, according to data from the Office of Thrift Supervision and the Office of the Comptroller of the Currency.
Wells Fargo, Bank of America Corp., and …