Las Vegas Real Estate News

Father of Las Vegas quints faces real estate fraud charges

Deon Derrico speaks about the birth of his quintuplets during a news conference, Friday, Sept. 20, 2013, at Summerlin Hospital Medical Center in Las Vegas, following their births two weeks earlier in Phoenix.

Until now, Deon Derrico has been in the news as the father of quintuplets. But now he's got more than just changing diapers on his mind. He's scheduled to be in court Wednesday to face...

1 April 2014

By Ed Komenda

How to do Vegas like a Trump

http://www.usatoday.com/story/experience/las-vegas/best-of-vegas/2014/03/25/eric-trump-las-vegas-itinerary/6873029/

25 March 2014

USA Today

Developer plans to rehabilitate ‘eyesore’ development, just one of many investors doing so in the valley

An office building onsite at the mothballed medical-office project Centennial Hills Center shows signs of vandalism March 20, 2014. The center has new ownership and is slated for completion after being abandoned by collapsed lender Lehman Brothers.

For vandals on the prowl, Centennial Hills Center was just too tempting. They smashed windows, sprayed graffiti and ripped out the copper from the abandoned medical-office project. As if to rub it in, they even set the elevator on fire. Some investors now bet that the Las Vegas property, despite its trashed and troubled past, will prove a big money-maker ...

25 March 2014

By Eli Segall

New owner envisions Boulevard mall, now ‘all beat up,’ as retail/entertainment hub

A rendering of the Boulevard Mall remodeled.

The new owner of Boulevard mall has big plans for the redevelopment of the aging retail property. He is negotiating with retail tenants and has plans for...

19 March 2014

By Eli Segall

Mixed messages from local economy

Property values are rising at some of the fastest rates nationally, with used-home prices jumping 27 percent in the past year and new-home prices soaring 36 percent. Many listings receive multiple offers as investors gobble up homes to turn into rentals. At the same time, though ...

16 March 2014

By Eli Segall

Nevada’s foreclosure rate, while improving, is third-highest in U.S.

Prospective bidders inspect a house last month that was slated to be a auctioned off in a large auction of foreclosed homes.

One in every 633 Nevada housing units received a foreclosure-related filing in February, down 16 percent from January and 49 percent from February 2013. Silver State homeowners weren’t the only ones facing...

12 March 2014

By Eli Segall

After a brief break, Las Vegas home prices headed up again

Realtor Helen Riley and Fafie Moore, a Realty Executives owner/broker, leave a home being offered for sale in Henderson on Monday, April 8, 2013.

The median sales price of previously owned single-family homes in Southern Nevada last month was $190,000, an increase of...

11 March 2014

By Eli Segall

Wall Street has found its latest dangerous financial product, activists warn

An aerial view of a residential neighborhood in Las Vegas.

http://www.huffingtonpost.com/2014/03/04/wall-street-rentals_n_4892205.html?utm_hp_ref=business

4 March 2014

Huffington Post

Return of the shopper

Tropicana Centre fell on hard times during the recession but is now recovering and adding tenants.

Prices are low, so retail centers are being snatched up left and right. But are we falling into the same trap that sent us into the Great Recession in the first place?

2 March 2014

By Eli Segall

‘Elvis House’ has a storied past but a sullied present

The backyard of the Elvis House, 2520 Castlesands Way, has fallen into disrepair. The home was last listed for sale in March 2011 for $225,000 by Tiffany and Tandi Huizenga, who had tried to sell the property three years earlier for $877,000.

The house at 2520 Castlesands Way is as unique as they come in Las Vegas. Much of its sordid past is all but impossible to verify, passed on by a recent occupant and others who know about the home. But even if a fraction of their tales are true, the house has...

2 March 2014

By Eli Segall

Fewer Las Vegans are underwater, but rate still leads country

Home on 6820 San Ricardo Ave.

About 35 percent of valley homeowners with mortgages were upside down last quarter, which is dramatically lower than the peak of 71 percent in 2012. For the drop, we have investors to thank.

27 February 2014

By Eli Segall

Las Vegas home prices rise; yearly gain is second-highest in the U.S.

Home on 8228 Mt. Nido Drive.

The median value of Las Vegas-area homes rose to $168,800 in January, and values are expected to continue climbing locally this year but at a slower rate than in 2013.

19 February 2014

By Eli Segall

Nevada remains a top foreclosure state as new filings climb

A home in Henderson is listed for auction in November. Legislation signed by Gov. Jim Gibbons is designed to avert more home losses by allowing homeowners facing foreclosure to demand mediation with their lenders. The program is expected to be available in mid-July.

Banks seized a rising number of homes from delinquent Nevada borrowers last month, keeping the state’s foreclosure rate one of the worst in the country.

12 February 2014

By Eli Segall

Too hip to flip? Not for buyers in Las Vegas, report says

An aerial view of a residential neighborhood in Las Vegas.

http://www.globest.com/news/12_792/orangecounty/distressed_assets/Las-Vegas-Great-for-Hipster-Flips-342588.html

10 February 2014

GlobeSt.com

Southern Nevada home prices tapering off after surge

A house is shown for sale in Henderson.

Las Vegas home prices were flat in January, a not-unexpected slow start to the year. The median sales price of previously owned single-family homes in Southern Nevada last month was $185,000.

10 February 2014

By Eli Segall

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