With the foreclosure sale freeze implemented in various areas of the U.S., realtors have complained that buyers are shying away from properties under bank foreclosed homes list in Nevada.
Las Vegas home foreclosures bowed to traditional sales for the first time in 20 months in January this year. Sales of nondistressed homes shot up and accounted for 53 percent of all homes resold in January while sales of foreclosed homes dropped to 47 percent of total sales.