Las Vegas Region October Home Sales The number of homes sold in the Las Vegas area fell below a year earlier for the fifth consecutive month in October as sub-$100,000 transactions continued to decline sharply and foreclosure resales dropped to the lowest level in more than five years. The median sale price held steady compared with September but rose year-over-year for the seventh consecutive month, a real estate information service reported. In October, 4,570 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County). That was up 11.7 percent from the month before and down 0.7 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. The region's sales typically fall slightly between September and October. On average, sales have declined 1.7 percent between those two months since 1994, when DataQuick's complete Las Vegas area statistics begin. It's likely that this October's sales benefitted from three extra business days on which transactions could close when compared with September, which began and ended with a weekend. This October's total sales were 0.5 percent above the average number of homes sold during all months of October since 1994. Resales of houses and condos combined were 27.6 percent above average for the month of October, while sales of newly built homes were 52.5 percent below average for the month. However, new-home sales have been on the rise, and increased nearly 55 percent in October compared with the same month last year. In the overall market in October, sales of mid- to higher-cost homes continued to jump year-over-year, while low-end sales continued to fall. The total number of homes that sold for less than $100,000 fell 34.2 percent in October compared with a year earlier. Transactions below $200,000 declined 8.9 percent year-over-year, while the number of homes that sold above $300,000 rose 46.5...

Economic activity accelerated in the third quarter, but data continue to show a sluggish recovery overall, according to Fannie Mae's Economic & Strategic ...

American banks having a hard time finding credit-worthy customers near home are finding more business in an unlikely spot - Europe.

Friday’s grim financial report from the Federal Housing Administration (FHA) — it’s insolvent to the tune of negative $31 billion — is prompting fresh scrutiny of the government’s role in housing, particularly the mayhem caused by federal backing of mortgages involving low down payments and low credit scores.

On November 19th, the core of the Obama "Justice" Department's "49 State Settlement," of the millions of fraud claims by the suing mortgagees against ... Read more: Foreclosures , Mortgages , Housing Market , Foreclosure Crisis , Subprime Mortgages , Kamala Harris , Eric Schneiderman , Off the Bus , Foreclosure , Justice Department , Housing Crisis , Barack Obama , Department of Housing and Urban Development , Offthebus , Politics News

MCLEAN, Va., Nov. 21, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey®(PMMS®), showing fixed mortgage rates finding new record l...

Architecture Billings Index (ABI) Positive for Third Straight Month<br/>http://www.aia.org/press/releases/AIAB096598