Las Vegas Real Estate News

Police urge first-time landlords to screen tenants

Apartment complexes have tightened their tenant-screening process, causing searchers with criminal backgrounds to target lackadaisical landlords and especially eager homeowners desperate to rent out extra properties.

17 December 2008
By Jenny Davis,
Jeff Pope

Reid: $700 billion bailout not working

At a hearing this morning in Las Vegas, one of the cities hit hardest by foreclosures, Senate Majority Leader Harry Reid told a congressionally appointed oversight panel that the $700 billion Wall Street bailout program is not working.

16 December 2008
By J. Patrick Coolican

Gibbons asks lenders for 90-day freeze on foreclosures

Nevada's rate of home foreclosures has led the nation for several months, with signs like this one in northwest Las Vegas popping up across the valley. Gov. Jim Gibbons on Thursday asked for a 90-day halt to foreclosures in the state.

Gov. Jim Gibbons asked for a 90-day freeze on foreclosures in Nevada in a meeting today with representatives of mortgage lenders. The lenders agreed to devise options and ideas to keep Nevadans in their homes but did not say if they would agree to Gibbons' three-month moratorium on foreclosures.

11 December 2008
By Jeff Pope

Audit critical of state's regulation of mortgage companies

The state failed to adequately regulate mortgage companies to protect the public, a legislative audit says. The state Division of Mortgage Lending failed to examine all mortgage companies annually, as required, and to collect about $1.5 million in assessments, fees and fines, according to the audit.

11 December 2008
By Cy Ryan

His pitch: Invest here, now

Realtor Jim Souza, standing this week outside his home in south Las Vegas, is optimistic about Las Vegas real estate for the long term. He says now is the time to buy because housing investments can pay for themselves with rental income.

At the height of the real estate madness a couple of years ago, the San Francisco Bay Area was littered with billboards and radio ads hyping real estate in Las Vegas.

11 December 2008
By Brendan Buhler

Henderson might have to take over HOA's park

Members of a homeowners association in Green Valley want to turn over their 2-acre community park to Henderson, and the city may have no choice but to accept.

11 December 2008
By Jeremy Twitchell

City, lenders extend relief to homeowners with workshops

Las Vegas homeowners who are at risk of foreclosure and have missed one payment are invited to attend a Foreclosure Prevention Partnership Forum.

9 December 2008
By The Home News

Las Vegas home sales fall 20 percent in November

The sale of homes tailed off in November compared to October and prices continued to fall, according to statistics released by the Greater Las Vegas Association of Realtors.

9 December 2008
By Buck Wargo

HOAs remind residents to prepare for cold weather

This display at RMI Management demonstrates how to properly prepare appliances for the cold weather.

With the weather in the Las Vegas Valley catching up to the calendar, community managers that oversee local homeowners associations are reminding residents to winterize their homes.

3 December 2008
By Jeremy Twitchell

A hip homage to history

This 2,800-square-foot home in the John S. Park neighborhood is an example of the midcentury modern design prized by lovers of authentic Vegas. It sold for $320,000 within hours of going on the market.

Flora D’Alessio sits on the hearth of the enormous rock fireplace, astonished.

30 November 2008
By Brian Eckhouse

A campaign closer to home

Candidates and Aliante residents wait for officials to count the votes in the third district during board member elections this week at the annual meeting of the Aliante Master Association in North Las Vegas. Of 14,000 residents in the community, just 1,000 ballots were returned. Twenty-two candidates ran for seats on the seven-member board.

Mark Klein has made a pair of decisions that illustrate life on the edge of the desert in the new West.

29 November 2008
By Mike Trask

HOA group educating residents

The state office that oversees homeowners associations has set up a series of monthly meetings for board members, residents and community managers to help them understand their rights and responsibilities.

27 November 2008
By Jeff Pope

Federal aid gets critical look

Henderson is in line to receive more than $4 million in federal and state money to help it recover from the foreclosure crisis, but city officials don't like where the money has to go.

26 November 2008
By Jeremy Twitchell

Index: Vegas home prices at January 2004 levels

A widely watched index released today shows home prices in Las Vegas are at levels not seen since January 2004.

25 November 2008
Staff and wire reports

U.S. home prices fall to early 2004 levels

This home near the intersection of Green Valley Parkway and Warm Springs Road in Henderson has been in foreclosure, as have thousands in the Las Vegas Valley.

Nationwide sales of existing homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years. And the decline is expected to get worse because October's results reflect sales contracts signed before Wall Street's nosedive.

24 November 2008
Staff and wire reports
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