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market conditions: Housing Bounces Back: Here are the Signs - 06/20/07 02:06 PM
Several factors suggest that housing is looking better, after a year when a slump has had a hold on not only housing but also economic growth in general.Here are some of the signs that things are starting to look up:Sales of new homes soared 16.2 percent in April, the largest monthly gain in 14 years, reaching an annual rate of 981,000.Total single-family sales - both new and existing - during the first four months of the year have averaged 5.5 million, about the same pace as in the final four months of last year.Through May 25, the four-week average of applications … (1 comments)
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market conditions: Foreclosures Hit 37-Year High - 06/20/07 02:03 PM
More home owners entered the foreclosure process during the first three months of 2007 than during the record-setting final quarter of 2006, according to a report by the Mortgage Bankers Association.The MBA's Chief Economist Doug Duncan predicts that delinquencies would continue to rise, peaking later this year. He also points out that the rate would have fallen if it weren't for substantial increases in seven states."The percentage of loans in foreclosure would be well below the average of the last 10 years were it not for Ohio, Michigan, and Indiana," Duncan says. "And the rate of foreclosures started nationwide would have … (0 comments)
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market conditions: Architects Say Residential Business Stays Brisk - 06/20/07 01:43 PM
Here's more evidence that the housing market is stabilizing. The Architecture Billings Index rose to 55 last month, up from 52.6 in April and the fourth consecutive monthly increase, the American Institute of Architects said.Numbers above 50 indicate growth.Residential construction posted the largest gains and the most activity was in western states. Construction activity tends to lag architects' billings by nine to 12 months, the group noted.Source: Reuters News, Scott Malone (06/20/2007) … (0 comments)
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market conditions: First-Quarter Metro Home Prices Stabilize - 05/19/07 03:58 PM
While state existing-home sales in the first quarter are, in general, below a year ago, more states are reporting improvement compared to sales in the fourth quarter of 2006, according to the latest quarterly survey by the NATIONAL ASSOCIATION OF REALTORS®.Total state existing-home sales, including single-family homes and condos, were at a seasonally adjusted annual rate of 6.41 million units in the first quarter. That number is down 6.6 percent from a 6.86 million-unit pace in the first quarter of 2006, but 2.4 percent higher than the fourth quarter 2006 level of 6.26 million. Fourteen states and the District of Columbia … (0 comments)
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market conditions: Home Foreclosures Fall Slightly - 05/19/07 03:55 PM
U.S home foreclosures fell slightly in April from the two-year high set in March, according to real estate data firm RealtyTrac.Although the total was down 1 percent from March, the April total was 62 percent higher than a year ago.States with the highest foreclosure rates were Nevada, Colorado, Connecticut, California, Ohio, Georgia, Florida, Arizona, Illinois, and Michigan. California reported the largest number of foreclosure filings - 30,505, down 3 percent from March.Source: Reuters News (05/15/07) … (0 comments)
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Aaron Whitten
Las Vegas,
NV
More about me…
Universal Realty
Address: 2490 Paseo Verde Pkwy suite 115, Henderson, Nv, 89074
Office Phone: (702) 938-7700
Cell Phone: (702) 354-9637
Email Me
Our blog is meant for anything and everything LAS VEGAS. Here you will find topics ranging from our current market conditions, great outdoor activities in our surrounding area, current financial statistics, useful money saving tips, fine wine reviews, to first hand reviews on our almost limitless fine dining options. Visitors and current clients alike, feel free to post your comments, questions and opinions on just about anything and everything. Check back soon as our team will be updating often with information we think you will want to know.
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