Las Vegas Real Estate News

Artisan Hotel & Spa agrees to foreclosure

A view of the restaurant at the Artisan Hotel. The hotel's lounge has become a popular late-night hangout for entertainers and musicians who come to the bar after their shows.

The hip, nongaming Artisan Hotel & Spa in Las Vegas has agreed to be foreclosed on by a lender. Struggling with nearly $8 million in debt, the 64-room property is a locals favorite and is known for its lounge entertainment and fine art collection.

23 December 2009

By Steve Green

Median price of new homes falls under $200,000

The median price of new homes sold in November dropped under $200,000 for the first time in six years and builders sold the highest number this year, according to statistics released today.

22 December 2009

By Buck Wargo

Lenders get an order: Ramp up the rescues

The Obama administration is publicly pressing banks to modify more mortgages after a Treasury Department report showed dismal results in a federally funded foreclosure prevention program — including only 16,000 mortgages being reworked in Southern Nevada.

20 December 2009

By Lisa Mascaro

Greater scrutiny for reverse mortgages

Concerned that older Nevadans may increasingly be targets of fraud from the heavily advertised reverse mortgage industry, Rep. Dina Titus succeeded in getting legislation passed recently to better regulate the industry’s practices.

20 December 2009

By Lisa Mascaro

Nevada foreclosure filings take another dive

Foreclosure filings plummeted in November in Nevada, but analysts are not sure if this marks a trend.

18 December 2009

By Buck Wargo

Homebuyers hustle to get credit in tax off-season

First-time homebuyers comprise a large percentage of sales in the Las Vegas housing market, and claiming their windfall from the federal government has kept tax preparers a little busier than normal in the offseason.

18 December 2009

By Buck Wargo

Las Vegas men indicted for alleged mortgage fraud

A federal grand jury has indicted two Las Vegas men on charges of conspiracy and fraud for their role in an alleged mortgage fraud scheme, the U.S. attorney’s office said today.

11 December 2009

By Cara McCoy

Investors aggressively pursue LV homes

Investors made their biggest push yet in October to buy foreclosure homes in Las Vegas.

11 December 2009

By Buck Wargo

Bankrupt Fontainebleau seeking $1 million for bonuses

With a Fontainebleau Las Vegas secretary earning $48,000 annually, its chief restructuring officer making $720,000 and unemployment running at 13 percent, the bankrupt company encountered skepticism Thursday when it proposed spending some $1 million on management bonuses.

11 December 2009

By Steve Green

Foreclosures drop sharply for second straight month

A foreclosed home is shown in the Silverado neighborhood of Las Vegas.

Foreclosures filings plummeted in November in Las Vegas and the rest of Nevada, but analysts are unsure if this marks a trend.

9 December 2009

By Buck Wargo

LV home prices rise as sales take seasonal fall

On the market: Homes are shown for sale in Sun City Anthem.

The traditional holiday sales slowdown of homes and condos took place in November while prices edged up slightly again, according to statistics released this morning by the Greater Las Vegas Association of Realtors.

8 December 2009

By Buck Wargo

Banks pressured to be more helpful

Throughout the foreclosure crisis, lawmakers and the administration have raised concerns that lenders are not doing enough to help families keep their homes and that the federal government is limited in its ability to press them to do more.

5 December 2009

By Lisa Mascaro

With Las Vegas business slow, Molasky goes to Missouri

With construction in Las Vegas at a near standstill, a local developer is going to Missouri to find some work.

4 December 2009

By Buck Wargo

2010 to offer more of the same for commercial real estate

The Las Vegas commercial real estate market next year will mirror this year’s because job growth won’t return until 2011 and foreclosures will depress rents, according to a local brokerage.

4 December 2009

By Buck Wargo

Home prices cut in half in 12 valley ZIP codes over year

Twelve Las Vegas Valley ZIP codes reported more than a 50 percent drop in prices in the sale of all homes during the third quarter, according to a real estate information firm.