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NAR economist sees stabilizing prices encouraging

Lawrence Yun, National Association of Realtors’ chief economist, said stabilizing home prices are encouraging. “This flattening in home prices is something we’ve been seeing in all of the home price measures lately, and quite clearly in this metro area price report,” he said. “The tax credit has been very effective in drawing down excess inventory, with about 1 million additional sales resulting directly from the stimulus.”

Metropolitan areas are experiencing price gains from a year ago, while most states have seen gains in home sales from the first quarter of 2009, according to the latest survey by the NAR. Seminar

Agency to hold lecture about foreclosure process

RE/MAX CENTRAL of Las Vegas will hold avoid foreclosure seminars and free legal consultation for homeowners underwater, provided by RE/MAX and their team of attorneys. The seminar will explain options for homeowners who are facing foreclosure.

The seminars will be held May 22 and 29, June 5 and 12 from 10 a.m. to noon at RE/MAX offices at 2980 S. Durango Drive, Suite 105. There is no cost. For more information, call 360-2030.

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