Las Vegas Real Estate News

Foreclosure kills huge project near mountain

Foreclosure kills huge project near mountain

When Focus Property Group gathered eight homebuilders and purchased 1,710 acres of government land at the base of Kyle Canyon in 2005, it promised to extend Las Vegas still farther into the desert, delivering suburbia to the doorstep of Mount Charleston.

21 November 2008
By Buck Wargo

Home sales on the rise in Summerlin

The Southern Nevada housing market continues to see a spike in sales as the price of new and existing homes continues its slide and the number of available homes remains the same compared to last year.

21 November 2008
By Jeff Pope

County to target foreclosures with federal money

This photo from June shows the home at 3128 Blossom Glen Drive in Henderson, which was abandoned and falling apart. Like many homes in the valley, the disrepair can be blamed on foreclosure.

Neighbors living near unkept abandoned houses due to foreclosures in unincorporated Clark County should start to see more neighborhood improvements by the middle of next year.

18 November 2008
By Jeff Pope

Home prices show signs of stability in October

Price depreciation of existing homes sold in October slowed to its lowest level since April as sales remained strong despite the lingering credit crunch.

18 November 2008
By Buck Wargo

Clean up foreclosed home, or city will

Local governments are dealing in different ways with owners that won't maintain homes, like this one with a neglected pool, after foreclosures.

As a growing number of cities across the country are aggressively forcing owners of foreclosed and abandoned properties to clean them up, Las Vegas is going after them with the help of a three-year-old ordinance that, until recently, wasn’t much needed.

17 November 2008
By Brian Eckhouse

Vacant homes, fewer people. This is Vegas?

For all the numbers that define Clark County and its economic woes, this one may be the most startling:

15 November 2008
By Buck Wargo

North Las Vegas eyes foreclosure solution

North Las Vegas wants to tear down this vacant apartment complex, which has long been an eyesore in the community.

North Las Vegas wants to spend about $7.6 million of foreclosure crisis aid money to buy and demolish a failed apartment complex, the only idea of its kind among the plans for the $54 million allocated to Southern Nevada.

14 November 2008
By Timothy Pratt,
Mike Trask

Bank forecloses on Kyle Canyon development

Wachovia Bank has foreclosed upon a 1,710-acre development in Las Vegas before a single home was built, the chief executive of Focus Property Group said today.

13 November 2008
By Buck Wargo

Las Vegas tops list of home foreclosures

Las Vegas reported the highest foreclosure rates in the nation in October in topping 229 other metropolitan areas. The 12,155 filings in Las Vegas were 6 percent greater than September and 104 percent higher than October 2007.

13 November 2008
By Buck Wargo

City works to prevent foreclosures

Experts on foreclosure prevention addressed the Las Vegas City Council Nov. 5 describing how the city is working closely with mortgage lender Fannie Mae and counseling agencies to keep people in their homes.

13 November 2008
By Jenny Davis

Bureau of Land Management isn’t selling, so funding for parks tanks

Louis Clark gets some exercise at Doolittle Park. Las Vegas has asked the Bureau of Land Management for $4.2 million for improvements to the park, near Lake Mead Boulevard and J Street. A complete refurbishing would cost $7 million, which is not in the picture this cycle.

With the real estate market tanking, developers are no longer asking the government to put its land up for top-dollar auction. As a result, the stream of money for parks has turned to a trickle.

11 November 2008
By Mike Trask

Hearing delayed for 2 mortgage brokers accused of fraud

The preliminary hearing for two Henderson residents accused of mortgage fraud has been pushed back to March because of the defense attorney's involvement in the O.J. Simpson trial in October.

10 November 2008
By Dave Clark

Home sales, prices fall in October

The number of home sales listed by Realtors dipped slightly in October as median prices fell to $190,000, the Greater Las Vegas Association of Realtors reported.

10 November 2008
By Buck Wargo

Economist: Las Vegas economy stagnant into 2010

This sign in the northwest Las Vegas Valley is one indication Nevada's foreclosure rate leads the nation. A UNLV economist says the Las Vegas economy could be weak through 2010.

The Las Vegas economy, which has been in recession since the end of 2007, has remained in a holding pattern but the weakness should continue into 2010, according to a UNLV economist.

7 November 2008
By Buck Wargo

Numerous animals found in foreclosed home

Las Vegas animal control officials are still searching for the owner of several animals found last month in a foreclosed home in The Lakes subdivision in the western Las Vegas Valley.

6 November 2008
By Jeff O'Brien
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