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Even though foreclosures and short sales in Las Vegas have slowed dramatically, the city is still one of the hardest hit in the country. Nevada is still fifth in foreclosure filings in the nation behind Florida, New Jersey, Maryland and … Continue reading →

The Las Vegas area is being hit particularly hard by the subprime mortgage crisis. The highest foreclosure rate in the country is in Nevada. Foreclosure in the metro area is consistently one of the top five worse in the nation. … Continue reading →

Evidence of a recovering housing market has been easy to spot. Some economists believe that this recovery will be slow and steady, while others believe it might turn into another housing boom. If the rebound in the housing market is prominent it could have a ripple effect and help other areas of the economy. An increase in the housing market could also increase employment rates, because it provides jobs to many. Continue reading →

JP Morgan Chase bank announced a record quarterly profit on Friday, which was helped by a surge in mortgage refinancing. Revenue for the bank rose 6 percent, and revenue for the mortgage loans shot up 29 percent. Low interest rates and help from the government convinced many homeowners to refinance instead of buying new homes. Continue reading →