Las Vegas Real Estate News |
Featured Post - <b>Las Vegas Real Estate</b> Posted: 08 Oct 2007 05:34 PM CDT |
Watching Contractors Work Can Be Like Waiting for Paint to Dry Posted: 08 Oct 2007 11:00 PM CDT |
A New Mortgage 'Cop' Targets Wall Street Posted: 04 Oct 2007 11:00 PM CDT |
House Prices Fall in Europe As Borrowing Costs Rise Posted: 08 Oct 2007 11:00 PM CDT |
Lone Star to wholly acquire Accredited Home Lenders Posted: 09 Oct 2007 07:00 AM CDT |
Home Based Businesses That Are Successful Posted: 09 Oct 2007 02:01 AM CDT |
Posted: 11 Sep 2007 10:20 AM CDT |
High Paying Keyword October CPC < $10 (1) Posted: 08 Oct 2007 05:11 PM CDT |
Las Vegas Sun reports dismal housing marketing; Astoria homes <b>...</b> Posted: 08 Oct 2007 03:29 PM CDT |
Tender Offer for MGM Mirage Stock Bombs Posted: 08 Oct 2007 04:02 AM CDT |
Las Vegas Sun reports dismal housing marketing; Astoria Homes holds its first home sale Posted: 08 Oct 2007 03:38 PM CDT I know I've said it in previous posts, but it doesn't look like the housing market will see much improvement in the near future. New and existing home prices have been dropping since mid-2006 and are looking to continue falling, according to a report in the Las Vegas Sun. According to the article, analysts are expecting prices to drop another 5.6 percent by May and some are predicting 15 to 20 percent drops by 2010. We wrote a previous post about the predicted drastic price drop here. A record 27, 321 homes were available in August. With adjustable rate mortgages resetting in early 2008, higher interest rates will likely increase the already high number of foreclosures. The crisis is illustrated by a sale from Astoria Homes. The sale, the first in the company's history, will run Oct. 12 – 14. The least expensive homes will hover around the $170,000 mark after a $50,000 discount, while the biggest discounts may go as high as $200,000. The Sun article reiterates a September Bloomberg article that Las Vegas may indicate national housing trends. Our post on the Bloomberg article can be found here. For more information, read the Sun report here. |
Realogy plans new franchise network Posted: 08 Oct 2007 07:00 AM CDT |
BasePoint rolls out early payment default risk score Posted: 08 Oct 2007 07:00 AM CDT |
Flagstar Bank putting loan info on SearchMyLoan.com Posted: 08 Oct 2007 07:00 AM CDT |
25 Most Influential Real Estate Bloggers: 2007 Posted: 08 Oct 2007 07:00 AM CDT |
Posted: 07 Oct 2007 06:11 PM CDT |
You are subscribed to email updates from Las Vegas Real Estate News To stop receiving these emails, you may unsubscribe now. | Email Delivery powered by FeedBurner |
Inbox too full? Subscribe to the feed version of Las Vegas Real Estate News in a feed reader. | |
If you prefer to unsubscribe via postal mail, write to: Las Vegas Real Estate News, c/o FeedBurner, 20 W Kinzie, 9th Floor, Chicago IL USA 60610 |
No comments:
Post a Comment