When will the WAVE of Foreclosures hit Las Vegas?

By
Real Estate Agent with Prominent Realty Group, LLC
http://actvra.in/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

Search Las Vegas Homes for sale

Find me on Google+             

 

  

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:
Foreclosure Help and Prevention
LAS VEGAS - NEVADA
Las Vegas, NV Area Real Estate Professionals
Posts to Localism
Foreclosures
Tags:
las vegas real estate market
las vegas short sales
las vegas homes for sale
when will the wave of foreclosures hit las vegas

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Ambassador
1,343,007
Praful Thakkar
Keller Williams Realty - 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 08:29 PM #1
Rainmaker
322,596
Inna Ivchenko
Mannis Real Estate Group - Calabasas, CA
Los Angeles / Valley Homes

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 10:43 PM #2
Rainmaker
277,478
Las Vegas Real Estate Listing Agent Dawn Barrier 702-812-4550
Prominent Realty Group, LLC - Las Vegas, NV
Las Vegas Homes For Sale

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 08:04 AM #3
Rainmaker
277,478
Las Vegas Real Estate Listing Agent Dawn Barrier 702-812-4550
Prominent Realty Group, LLC - Las Vegas, NV
Las Vegas Homes For Sale

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 08:10 AM #4
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
277,478

Las Vegas Real Estate Listing Agent Dawn Barrier 702-812-4550

Las Vegas Homes For Sale
Buy a Las Vegas Home (702) 812-4550
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information