More Home Buyers Qualifying for a Home Loan, Good News for Real Estate Market:

Now that seven years have passed since the beginning of the housing market meltdown in 2007, home owners who lost their home to foreclosure or short sale, can now qualify for a home loan. Real estate analytics company RealtyTrac says the Las Vegas metropolitan area should benefit from the resurrection of “boomerang buyers.”
They represent individuals who lost their homes during the last recession but have now passed the seven-year window many lenders require to repair their credit.

RealtyTrac reported Monday night that 220,660 housing units in the Las Vegas area were lost to foreclosure or short sale during the economic meltdown, the eighth highest volume in the nation among metro areas with at least 250,000 residents. Phoenix led the way with 348,329 such units.

Lower Interest Rates and easier qualifying make it a great time to buy a home in Las Vegas. Contact Realtor Nathan Petrosian at 702-428-3969 to start the process of owning your new home!

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