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» Nevada rank: 6 90+ Day Delinquency Rate Foreclosure Rate november 2012 6.30% Unemployment Rate 5.48% 10.8% year ago 7.09% 6.80% 13.2% percent point change -11.1% -19.4% -18.2% Top County Nye CouNTy 90+ Day Delinquency Rate Foreclosure Rate november 2012 5.55% 7.47% year ago 5.87% 7.40% percent point change -5.4% 1.0% Top Core-Based Statistical Area PAhrumP, NV 90+ Day Delinquency Rate Foreclosure Rate november 2012 5.55% 7.47% year ago 5.87% 7.40% percent point change -5.4% 1.0% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary November 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Short Sales in Southern Nevada Remain High: GLVAR In Southern Nevada, short sales still proved to be a popular trend last year, as the housing market moved further away from foreclosures, according to data from the Greater Las Vegas Association of Realtors (GLVAR). Although the percentage of existing homes sold through the short sale process declined in November 2012, the percentage is still in record level territory. GLVAR reported 41.2 percent of homes were sold via short sale in November, a decrease from 44.7 percent in October and 44.8 percent in September. The share is still much higher compared with November 2011, when short sales accounted for 26.8 percent of sales. Sales for bank-owned homes, or REOs, trended downward and accounted for 10.7 percent of all existing home sales in November 2012, a decrease from 11.6 percent in October, according to GLVAR. The median price of a single-family home sold as a short sale was $130,000 in November, up from $127,500 the previous month, GLVAR reported. The median price of a bank-owned single-family home in November rose to $139,001 compared with $132,575 the month before. As for traditional home sales, GLVAR also found price increases. "The median price of a home sold here in Southern Nevada has now gone up or at least stayed the same in 10 of the past 11 months," said GLVAR President Kolleen Kelley. The median price in November 2012 was $146,000, up 4.3 percent from $140,000 the month before and up 16.8 percent from November 2011. According to the association, local home prices have not appreciated this steadily since at least 2004. In addition, the median price of local condominiums and townhomes increased to $74,000, up 2.8 percent from $72,000 in October 2012 and up 27.6 percent from the prior year. However, sales were down in November 2012, which is a typical pattern seen during the winter. According to GLVAR, sales for homes, condos, and townhomes in that month totaled 3,293, a decrease from 3,651 in October 2012 and 3,883 in November 2011. LPS: November Prices Up from Prior Month and Year Home prices continued to inch up in November, according to Lender Processing Services' (LPS) Home Price Index (HPI) for the month. LPS' data showed home prices increased to an average $207,000 in November, an increase of 0.5 percent from $206,000 in October. On a year-over-year basis, prices were up 5.1 percent from November 2011's $197,000. Year-to-date, November's HPI was up 5.8 percent from $196,000 in January, according to LPS. The recorded peak for this cycle (reached in June 2006) was $266,000. Florida topped the list of states to see the largest price gains in November, posting a 1.5 percent month-over-month improvement. The Sunshine State hosted all of November's top 10 metros in terms of price improvement, with growth ranging from 1.2 percent to 1.9 percent. On the state level, the other "biggest movers" (following Florida) were New York (1.1 percent growth), Washington, D.C. (1.0 percent), Georgia, Minnesota, and Nevada (the latter three all coming in at 0.9 percent). VISIT US ONLINE @ DSNEWS.COM Only Rhode Island and Massachusetts reported price declines from October (-0.1 percent and -0.2 percent, respectively), while Washington, Oklahoma, and Alaska all stayed flat. Springfield, Massachusetts posted the largest price decline among metros in November, seeing -0.6 percent growth. Las Vegas Labeled "Top Turnaround" Town The year 2012 was a big year for certain markets as prices grew by leaps and bounds after seeing sharp declines in 2011. Trulia recently released a report assessing changes in asking prices in 2012 vs. 2011 among the nation's 100 largest metros. With measurable improvements over the evaluated period, Trulia ranked Las Vegas as last year's top turnaround market based on its recovery in asking prices. During the 12 months ending December 2011, Las Vegas saw an 11.2 percent decrease in sellers' asking prices, but ended 2012 with a 16.3 percent year-over-year increase in asking prices, making the metro's improvement the most dramatic, Trulia explained. Seattle earned the spot of second-best turnaround market after enduring a 13.8 percent decline in asking prices in 2011, followed by a 10.2 percent about-face in 2012. Phoenix settled in at No. 3 by Trulia's estimation, buoyed by a 26 percent spike in asking prices in 2012 compared to a 4.2 percent increase in 2011. STAT INSIGHT 309 Number of days it took a home to foreclose at the end of last year in Nevada. Source: ForeclosureRadar 115

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