Real Estate Recovery

One of the worst hit areas from the real estate bust, Las Vegas, is showing signs of recovery.  For several years now, home sales in Las Vegas were dictated by the banks through either a short sale or foreclosure process.  According to the Greater Las Vegas Association of Realtors, about 70 percent of used-homes sales now are traditional transactions between private sellers and buyers.  There are still investors in the mix buying and selling properties, but it's becoming more of a balanced market.  Although Las Vegas is not completely healed yet, these latest statistics provide much needed stability for the local Las Vegas market as well as the national real estate market.
Read more at:  http://rismedia.com/2014-01-22/sign-of-recovery-traditional-home-sales-now-dominate-foreclosures-and-short-sales/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

Rick Rodriguez
Production Manager, Reverse Mortgage Division
rrodriguez@proficiomortgage.com
www.reversemortgageproficiobank.com
(877) 576-3783