Category Archives: Real Estate News

In September of 2012 the number of foreclosures in the U.S. was down from 83,000 in September 2011 to 57,000. Complete foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis in 2008 there has been 3.9 million completed foreclosures in the U.S. Continue reading →

The number of foreclosures in the U.S. per month decreased from 83,000 in September 2011 to 57,000 in September 2012. This signifies improvement in the housing market, but there is still a long way to go before we have completed recovered from the housing meltdown in 2008. Before September of 2008 the number of foreclosures in the U.S. per month was 21,000. Continue reading →

Common sense should not influence your business decisions. People may doubt a business decision because they are trying to use, “Common Sense,” but that could be a huge mistake. In the business industry all ideas are relative. Meaning every manner of thinking has strong points and weak points and that nothing is set in stone. Continue reading →

The latest evidence of a steady housing recovery is that home prices in almost all U.S. cities rose in the last month. This increase of 2 percent from July is at a higher rate than it has been. Las Vegas alone rose .9 percent. Continue reading →

Unfortunately home sales decreased for the 4th month in a row in Las Vegas. Foreclosure re-sales were at its lowest level since September 2007. The reason that the Las Vegas housing market continues to drop is that people owe more money on their current homes than what they are worth. On the upside, the housing market of Las Vegas showed relatively short times on the market. 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 →