Summary
Recently, we ran a story suggesting that Clark Countys housing market might be stabilizing. The report was based on a drop in foreclosure filings in August, down substantially from July. Now were hearing that some of our assumptions may need revision.
Heres an alternative, if not more somber, view: Banks, say sources, are holding back on more foreclosure filings as a way to avoid further damage to their balance sheets. Banks also may not want to flood an already struggling market with more bank-owned properties for sale.See the full content of this document
Extract
Marketplace: Housing Market Still Smarting
Short sales where lenders take less from a buyer than owed on a prior mortgage and foreclosures have already severely depressed t...
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