Articles tagged with: First Time Homebuyers
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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 …
Foreclosures, Summerlin »
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 …
