Elzie Yates's (elzieyates) Blog

Something funny's happening in Las Vegas Home sale prices from last year are down 28%, but home sales are up 15%. The reason? Motivated sellers--those in distress or foreclosure--or banks with too many homes on the books are slashing asking prices in order to unload their properties. Motivated se...

Home sales nearly tripled in December from the same month a year ago, though median prices declined 32.7 percent, the Greater Las Vegas Association of Realtors reported. The inventory of homes for sale remained relatively stable, up 0.6 percent from a year ago at 22,144 units. It's the fourth str...

Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers. Then, everyone who sat on their down payment savings accounts for a few years too lon...