Good/Bad Housing Markets In 2014 May Be a Surprise
Clark County, Nev.
 

The Las Vegas area has worked through its REO inventory faster than most other markets, down 67% over the last 18 months. In the last two years, pre-foreclosure activity has fallen by 68%, further decreasing the supply of distressed properties.

Supply will improve in this region throughout 2014 due to more listings and average new building activity. But DataQuick says these gains arenít enough to bring sales volume increases above the study average of 12%. The upside is property appreciation, up 29% through the end of July, will probably continue to be higher than most markets.

Comments (1)
Just don't start foreclosing on the folks camping out in their homes...people who took it up the chimney by Angelo's angels fronting as assorted origination companies all through 2004,5,6 and maybe even 7...getting big bonuses for spreading high risk loans all over Clark Co. mostly to innocent, hard working, credit conscious, family folks buying into what they thought was a piece of the American dream pie. Instead they were the necessary ingredients to the big default swap, derivative, packaging scheme that defrauded investors, almost bankrupted the international economy and separated the rich from the poor even more in our great country. See you in court gentlemen; meanwhile you can on suck Judge Wopner's sausage.
Posted by Mark C | Monday, December 16 2013 at 11:48PM ET
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