Las Vegas Real Estate News

Builder: It is ‘rational’ for homeowners to walk away

If the Las Vegas housing market didn’t have enough bad news, the picture has gotten even gloomier when it comes to falling prices and the frightening prospect of people walking away from their homes.

13 March 2009
By Buck Wargo

Home prices drop to less than half 2006 peak

Two homes are for sale on Bermuda and Pebble roads in Henderson in this March 9, 2010, file photo.

Las Vegas home sales edged up slightly in February, but nothing seems to stop falling prices, which have dropped 50 percent from their peak.

13 March 2009
By Buck Wargo

Las Vegas economy in free fall

Housing doldrums: Homes for sale are shown March 9 in the Mountain's Edge community in the southwest Las Vegas Valley. Only 148 home permits were issued in December, a 25-year low.

The Las Vegas economy’s tailspin isn’t stopping. It doesn’t sound good when there is an analogy between the Las Vegas economy and cliff diving, but that’s how UNLV economist Keith Schwer described the latest numbers released March 10 by the Center for Business and Economic Research.

13 March 2009
By Buck Wargo

Las Vegas leads nation in foreclosures

Las Vegas reclaimed the title as the foreclosure capital of the country in February, and the state set a record with its most-ever number of households in default on mortgage payments. That’s the first time since October that Las Vegas held the top ranking of cities with a population of 200,000 or more.

11 March 2009
By Buck Wargo

Las Vegas family awaits new home on ABC's 'Extreme Makeover'

The Cerda family -- Chuck, Terri, Maggie and Molly -- leave their home on Tuesday, which will be torn down and replaced as part of ABC's "Extreme Makeover: Home Edition."

Members of a Las Vegas family got a knock on the door Tuesday that will change their lives. The Cerda family, of 5760 Royal Castle Lane in the northwest valley, was told by the cast and crew of ABC’s “Extreme Makeover: Home Edition” that it was chosen to have the family's home demolished and rebuilt in seven days. "This is absolutely amazing and we can’t wait,” homeowner Chuck Cerda said.

10 March 2009
By Cydney Cappello

Homes at half price from 2006 peak

Las Vegas home sales edged up slightly in February, but nothing seems to stop falling housing prices, which have now fallen 50 percent from their peak.

10 March 2009
By Buck Wargo

Home loans: What a difference two years make

This map shows the difference in loan volume between a boom year (2005) and a bust year (2007).

9 March 2009
By Chris Morris,
Alex Richards

Deadline looms for woman to reclaim animals after foreclosure

The deadline is fast approaching for the owner of dozens of animals discovered last year inside a foreclosed home at The Lakes to find new homes for them.

6 March 2009
By Jeff O'Brien

Home prices key to economic turnaround, economist says

The steep drop in home prices and newly approved $8,000 tax credit for first-time home buyers will help pave the way for a recovery of the Las Vegas housing market in 2010, according to the National Association of Realtors’ chief economist.

6 March 2009
By Buck Wargo

Homebuilders worry as lawmakers search for revenue

Although the slowdown in the economy has curtailed housing and commercial construction, the development industry is guarding against any proposed legislation in Carson City that will hinder new projects when the recovery begins.

6 March 2009
By Buck Wargo

Construction projects curbed as economy falters

Mothballed megaproject: Boyd Gaming's Echelon development is shown in August.

They stand as steel monuments to the Las Vegas construction boom and a reminder of how a financial meltdown and national recession can bring it all to a halt.

6 March 2009
By Buck Wargo

North Las Vegas gets grant to help families facing foreclosure

North Las Vegas learned this week that it will receive additional federal funds that the city will use to help families facing foreclosure.

6 March 2009
By Jeff Pope

Can’t afford a glitzy condo unit?

Sam Cherry, showing a unit in SoHo Lofts in 2007, has a new idea for downtown Las Vegas housing. He's proposed two apartment buildings with units that would be attainable for renters who don't qualify for government assistance, but who cannot afford to purchase costly condo units.

After downtown developer Sam Cherry finished building his two high-priced Las Vegas condo towers, SoHo Lofts and Newport Lofts, a couple of the buildings' doormen asked him to consider building "a nice place downtown where we can afford to live." He has plans to develop two downtown apartment buildings to provide workforce housing and to appeal to young professionals and artists who live downtown.

5 March 2009
By Sam Skolnik

Henderson Council tables zoning ordinance

A proposed zoning ordinance that would regulate the number of unrelated people who can live in a single-family home in Henderson is on hold for retooling.

4 March 2009
By Jeremy Twitchell

Report: 58.2 percent of Las Vegas homes have negative equity

Fifty-eight percent of Las Vegas homes with a mortgage are underwater and that number is likely to grow, according to a report released today by First American CoreLogic.

4 March 2009
By Buck Wargo
« Older Newer »