When will the WAVE of Foreclosures hit Las Vegas?

By
Real Estate Agent with eXp Realty
http://activerain.com/droplet/yKN

When will the WAVE of Foreclosures hit Las Vegas?

Will they come again?  Will they come as a drip or a full force tsunami?

These are questions that I'm sure are coming up in many other places than just Las Vegas.

The Las Vegas real estate market is in somewhat of a "turn around" right now with our inventory of available houses dropping drastically as investors are still gobbling up a lot of the homes as they hit the market.

We are back to multiple offers coming in on homes, but this may not last if a bunch of foreclosures are dumped all at once on the market.  There may still be issues with some of the current pending sales that may not close due to appraisal issues. 

Some feel that now that the Big 5 have made the settlement, that we should start to see an increase in foreclosure filings again and that could equate to 90-120 days out to hit the market.

Only time will tell!

Posted by

Dawn Barrier    EXP REALTY Las Vegas   (702) 812-4550 

 
 
 
 
                  Contact Dawn to Join our Group

 

                            AGENTDREAMLIFE.com

 

 

 

Find me on Facebook

 
 
 

 

 

 

 

 

 

  

 

   

 

 

 

 

 

 

 

Any Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted,covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.

All photography on this site are the property of Dawn Barrer unless otherwise noted and are

protected by U.S. Copyright laws and are not allowed to be downloaded or reproduced in any

way without written permission of Dawn Barrier.If you would like permission to use a photo

please email Dawn     Important Notice -This is a personal blog.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Nevada Clark County Las Vegas North Las Vegas
Groups:
Las Vegas, NV Area Real Estate Professionals
Foreclosures
Foreclosure Help and Prevention
Posts to Localism
LAS VEGAS - NEVADA
Tags:
las vegas homes for sale
las vegas short sales
las vegas real estate market
when will the wave of foreclosures hit las vegas

Spam prevention
Submit
Show All Comments
Ambassador
3,865,650
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Dawn, good to know the change is coming to your market - and so will be the effect on rest of the country.

Apr 12, 2012 01:29 PM #1
Rainmaker
1,311,307
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

why do you think it will be 'wave"?

So far they release properties very carefully, and we'd could use some more inventory here too.

 

Apr 12, 2012 03:43 PM #2
Rainmaker
332,044
Dawn Barrier | Las Vegas Real Estate Agent
eXp Realty - Las Vegas, NV
(702) 812-4550 to Sell or Buy in Vegas

Our change is happening Now with the low inventory and the multiple offers which may drive prices up slightly, But we all still wonder if it just may be "temporary". 

Apr 13, 2012 01:04 AM #3
Rainmaker
332,044
Dawn Barrier | Las Vegas Real Estate Agent
eXp Realty - Las Vegas, NV
(702) 812-4550 to Sell or Buy in Vegas

Hi Inna,

Just a term "wave"... Will they come again? Will they come as a drip or a full force tsunami?  Those are the questions I pose for thought,,,  big wave, little wave, etc.

Banks "seem" to be controlling the markets now by slowly putting the foreclosures on the market, but it really has not been by their choice as the laws in place and the lawsuit has been what has held up the foreclosures from coming on the market quicker. (JMO)

Apr 13, 2012 01:10 AM #4
Show All Comments
Back to Top

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
332,044

Dawn Barrier | Las Vegas Real Estate Agent

(702) 812-4550 to Sell or Buy in Vegas
Buy a Las Vegas Home (702) 812-4550
*
*
*
*
Spam prevention
Submit

Additional Information