charleston heights: Freddie Mac to auction REO homes in Vegas in late April - Be there - 04/13/10 10:15 AM
Mortgage money remains affordable, prices are way low in Southern Nevada - with subdivisions like Rhodes Ranch, Southern Highlands, Silverstone Ranch, Charleston Heights, Silverado Ranch and Mountains Edge - and Washington is sweetening the pot with an up to $8,000 first time home buyer tax credit. What more can a rookie home buyer expect? Well, there is more. Now Freddie Mac brings its multi-car auction train to Las Vegas with a passion.  
Freddie Mac has a HomeSteps unit that markets and sells its REOs, or real estate owned, across the country. In this exhausting housing downturn it has been increasingly … (4 comments)

charleston heights: Las Vegas housing market entertaining a rebound - 02/04/10 01:55 PM
In small steps real estate talk in Southern Nevada - with communities like Summerlin, Mountains Edge, Charleston Heights, Spanish Trail, Henderson and Anthem - is turning to recovery looming on the horizon. 2009 statistics showed that it does have a pulse as investors descended in droves on the scene to gobble up property for rentals in the lower half of the market. First-time home buyers were also active, enjoying low mortgage rates, nice tax benefits and attractive prices.
Prominent Las Vegas housing industry analyst, Home Builders Research, is cautiously optimistic about the market's direction this year. Resale home prices are to … (10 comments)

charleston heights: Las Vegas housing market faces shadow inventory challenge - 01/22/10 09:16 AM
Southern Nevada - with communities of Summerlin, Henderson, North Las Vegas, Mountains Edge, Silverstone Ranch, Spanish Trail and Charleston Heights - real estate arena is showing some green sprouts coming up from the soil that has been pretty dormant for a long while. So, there is hope. Quite affordable mortgage money and shamefully low prices are largely behind the modest trend to turn things around. But a potential obstacle to the budding recovery could derail a promising start.
The lately much-discussed words shadow inventory are back on the lips of housing observers in Las Vegas and throughout. Shadow, or phantom, inventory … (6 comments)

charleston heights: Homeowners face another foreclosure hurdle - Las Vegas mortgage receivers potentially on the hook - 12/07/09 02:30 PM
Second mortgages are now starting to make their way into the ever-shifting foreclosure battlefield. As the housing market fell famously to pieces and took real estate values down with it, pushing scores of homeowners underwater, first mortgage holders were left holding the bag. That is if they had the only loan on the property. During the bubble that just visited the housing market home buyers often used a second mortgage to keep the down payment to a minimum, or nothing at all, and avoid paying PMI, or private mortgage insurance. 100% financing became quite popular those days.
When a foreclosure hits … (12 comments)