Las Vegas Real Estate News

Leading Investments consents to Chapter 7 bankruptcy

Leading Investments Inc., a Las Vegas real estate development company, this week consented to creditors' demands that it be placed under Chapter 7 bankruptcy supervision.

30 July 2009
By Steve Green

Police ask — gasp — that we be neighborly

Steve Fuquay, a Metro Police crime prevention specialist, speaks during a free seminar on home foreclosure issues at the Jerry Keller Training Center, 9880 W. Cheyenne Ave., Tuesday, July 28, 2009.

Tuesday night, Metro Police invited the public to its training facility in the northwest to be briefed on the latest crime problem: home foreclosures. This was Metro’s message: We think of foreclosures as an economic problem, but like other economic problems they can lead to social problems. Like crime. As in, financial stress might lead to drug or alcohol abuse and domestic violence. As in, squatters and drug dealers move into abandoned homes. As in, a rundown neighborhood is a target for criminals.

30 July 2009
By Brendan Buhler

Report: Home prices tumble in Vegas despite national rebound

Home prices continued to fall through May in the Las Vegas area, a closely watched national report showed today. Las Vegas was among a few exceptions in Standard & Poor's monthly housing report, which overall showed the first monthly increase in three years in home prices in 20 big cities tracked in the report.

28 July 2009
By Steve Green

Real estate: Price per square foot, foreclosures

An analysis of recent Las Vegas area real estate numbers.

28 July 2009
By Chris Morris,
Alex Richards

Nevada's Countrywide borrowers eligible for claims

For Nevada's 3,467 Countrywide Financial borrowers who have lost their homes, claim packets have been mailed today so they may fill out the forms to share in the $3,041,882 the company is paying as part of a settlement.

24 July 2009
By Mary Manning

Capacity cuts continue to take toll on McCarran passenger levels

McCarran International Airport has completed the first half of 2009 with passenger counts down at nearly the same level as airline capacity cuts.

24 July 2009
By Richard N. Velotta

Realtors quietly lobbying to extend homebuyer tax credit

The $8,000 tax credit for first-time homebuyers is considered to have been a boon to the existing-home market that saw record sales in Las Vegas in June.

24 July 2009
By Buck Wargo

Las Vegas housing supply hits 3-year low

Home prices have stabilized in the Las Vegas Valley over the past couple of months as inventory has fallen, but experts say a lot more foreclosures are headed to the market.

The number of existing homes on the market fell to the lowest level in more than three years, but the declining inventory is likely poised to rebound after Las Vegas reported a jump in foreclosures in June, according to newly released statistics. After a record number of existing-home sales in June at 4,663, SalesTraq reported that the inventory on the Multiple Listing Service fell to 12,653 or a 3.4-month supply — a level not seen in several years.

24 July 2009
By Buck Wargo

Habitat for Humanity hands over three Las Vegas homes

Victor Valdera and his mother, Herna, open the front door to their new home. Three homes were dedicated Friday by Habitat for Humanity and its sponsors to families.

Three families received keys to their new Habitat for Humanity homes Friday. Guy Amato, president and chief executive officer of Habitat for Humanity in Las Vegas, said the project broke ground in January. He said in the fiscal year ending June 30, the organization has built 10 homes and logged more than 30,000 hours of volunteer work. "It's a real significant number and a real compliment to the community because it's all volunteers from around the valley," Amato said. A group gathered outside the homes to recognize those who donated their time, money and efforts to help make the dedication ...

17 July 2009
By Jinae West

HOA manager unfazed by downturn

Homebuilders and other professions tied to the housing industry have taken a hit during the recession, but a Las Vegas-based company said it is prospering.

17 July 2009
By Buck Wargo

Office vacancy rate could hit 30 percent in parts of valley

Newly completed office space remains mostly empty, contributing to record-level vacancy rates that should drag down that economic sector into 2010.

17 July 2009
By Buck Wargo

Demand for industrial space dries up, driving record vacancy rate

The industrial market recorded its highest vacancy rate in history during the second quarter and that rate shows no signs of lowering for two years, according to Applied Analysis.

17 July 2009
By Buck Wargo

Developers compelled to curtail retail projects

The slowdown in the Las Vegas economy has developers drastically cutting back on the amount of retail projects they planned.

17 July 2009
By Buck Wargo

Lake Las Vegas taps into ‘staycation’ business

Lake Las Vegas taps into ‘staycation’ business

Like the Strip, Lake Las Vegas has taken a hit from the slowdown of out-of-state tourists visiting Nevada, but the Henderson resort is turning to valley residents to pick up the slack. Aided by Las Vegans coming to the resort, the Ritz Carlton and Loews Lake Las Vegas were full during the Fourth of July weekend, surpassing what they did a year ago. The hotels expect heavy weekend bookings for the rest of the summer. MonteLago Village, which features boutique shops and restaurants, reports it has been attracting more visitors to its growing number of special events.

17 July 2009
By Buck Wargo

Homebuyers figure into housing meltdown

If society just followed the advice of its grandparents, there wouldn’t be an ongoing crisis with foreclosures that helped trigger the nation’s economic woes, according to the author of a new book.

17 July 2009
By Buck Wargo
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