Foreclosure Wave May Be Losing Steam

Las Vegas has been at the top of the foreclosure list in several of recent months. However, analysts say that trend may slow soon. A recent article in the RJ addresses the issue by indicating that preforeclosure and foreclosure numbers are down from previous months.

"The sky isn't falling, and the bottom of the housing market is in sight," President Alexis McGee said. "The problem with foreclosures is they go up and they go down, so it takes two or three months to see where they're going, but for now, it looks like April is headed in the right direction."

Residents should contact a Las Vegas Realtor as soon as they realize they may have to sell. If a the process gets too far down the line then a sale is more difficult. If the sale begins soon enough, an agent can often make a big difference.