Las Vegas Real Estate News

What bailout means for housing market

As the roar of Wall Street’s crumbling and consolidating banks reverberates, observers can’t avoid noting a certain comparison.

25 September 2008

By Alexandra Berzon

Court reduces $3 million judgment in wrongful foreclosure case

A company that wrongfully foreclosed on a Las Vegas family’s condominium will pay the owners $1.29 million, not the original $3 million jury verdict.

17 September 2008

By Cy Ryan

Nevada holds on to nation’s highest foreclosure rate

Nevada's unenviable streak of having the nation's highest foreclosure rate has extended to its 20th month.

12 September 2008

By Tim Richardson

New help coming for some in dire straits

This sign in the northwest Las Vegas Valley is one indication Nevada's foreclosure rate leads the nation. The crisis is especially bad in North Las Vegas.

Some of the fliers circulating in North Las Vegas this week invite residents to the city’s annual hot-air balloon festival, BalloonaPalooza.

12 September 2008

By Mike Trask

Homeowners association officials reveal key to compliance

When it comes to getting banks to follow homeowners association regulations on foreclosed homes, the key is to fine, fine, fine.

11 September 2008

By Jenny Davis

Home prices slide as sales activity stays steady

A glut of foreclosed homes in the Las Vegas area is continuing to drive prices lower while buyers snatch up properties at nearly twice the rate of last year.

9 September 2008

By Tim Richardson

Nevada among 8 states with high foreclosure rate

Home foreclosures and delinquencies were above the national average in the second quarter in eight states, including Nevada, the Mortgage Bankers Association said today.

5 September 2008

By Tim Richardson

Small landlords face big risks

Pity the poor landlords. No, not those who manage massive apartment complexes, but the little guys, the residential landlords, the grandmas and single moms and second-home owners who rent out a room or an investment property on the side.

30 August 2008

By Abigail Goldman

Impending foreclosures leave renters in limbo

Silverado resident Katherine Kahlenberg stands outside the house she rents in Silverado that's currently in default by the owner.

The actual number of affected renters is not known, but half of Nevada’s 18,220 home foreclosures from October 2007 to January had mailing addresses different from those of the foreclosed properties, which could imply that they were rentals, according to RealtyTrac.com, a tracker of foreclosed properties.

28 August 2008

By Jeff Pope

Report: Vegas home prices at 2003 levels

Owners of more than half of all homes sold in the Las Vegas area in the past five years have negative equity in their homes, according to a new report.

18 August 2008

By Tim Richardson

Nevada's home foreclosure rate tops nation

Numbers released today show Nevada has once again claimed the top spot on the list of states with the highest foreclosure rates.

14 August 2008

By Tim Richardson

At ground zero of a national housing crisis

Buddy Yates sits in the North Las Vegas home he has been fighting to keep out of foreclosure. The pastor, 60, fears his efforts will have been wasted if he doesn't receive help.

Buddy Yates sits at a dining room table awash in paperwork. The bills, late notices and letters represent his nearly yearlong quest to keep his family in the three-bedroom North Las Vegas tract home he bought two years ago.

13 August 2008

By Robin Urevich

She’d ‘legalize’ feral cats to save them

A cat designated "feral" looks out of a cage at the Lied Animal Shelter in Las Vegas on Tuesday. Lied euthanized 11,065 cats in the first seven months of this year.

Because the yowling ranks of feral felines are growing as financially strapped people abandon their pets, a self-described “dog person” on the Clark County Commission is pushing for a code change to stop stray cats from overrunning neighborhoods.

13 August 2008

By Joe Schoenmann

Home sales up for 7th month; prices fall

Home sales picked up their pace last month as prices continued their slide.

6 August 2008

By Tim Richardson

Measuring population in moving boxes

Dean Warner loads boxes into his warehouse at Moving Box Rentals that were left over from Steve Saltzman closing his business for a move to Los Angeles last week.

Early last week, as he prepared to move back to California, Steve Saltzman sold a competitor what was left of his once thriving enterprise — at a going-out-of-business price.