Las Vegas Real Estate News

Las Vegas company hit with fine for fraudulent home loan modification scheme

The state has levied a $10,000 fine against an unlicensed Las Vegas company for providing home loan modification services that were never delivered.

22 August 2013
By Cy Ryan

Hearing delayed for controversial NLV home refinancing program

A hearing tonight before the North Las Vegas City Council on a controversial proposal to use eminent domain to refinance underwater home mortgages has been postponed, according to a memo from Mayor John Lee.

21 August 2013
By Conor Shine

Southern California lender opens office in Las Vegas

A Southern California lender and financial advisory firm has expanded to Las Vegas. First Foundation, based in Irvine, opened an office this month at 6725 Via Austi Parkway, near the southwest corner of McCarran International Airport’s airfield.

21 August 2013
By Eli Segall

Another month, another rise in Las Vegas home values

A carpenter works on a new home at a residential construction site in the west side of the valley April 5, 2013. Las Vegas is a lower-wage metro area that can attract people not by its economic prowess but by its supply of lower-cost housing.

Las Vegas Valley home values kept soaring last month, far outpacing most of the country. The region’s median home value was $151,600 in July, up 31 percent from a year earlier, according to a new report from Seattle-based housing data firm Zillow.

19 August 2013
By Eli Segall

New home sales slowing but still faring better than a year ago

Roofers work on new homes at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, April 5, 2013.

Southern Nevada new home sales, while faring much better than last year, continued cooling off in recent weeks as buyers faced skyrocketing prices.

19 August 2013
By Eli Segall

At mall kiosks, shoppers can buy hats, cellphone cases — and Strip condos

The 24/7 Real Estate kiosk at Las Vegas' Fashion Show mall, as seen on Aug.5, 2013.

At kiosks crowding the walkways of Fashion Show mall, shoppers buy multicolored hair extensions, bedazzled cellphone cases and gaudy necklaces. They also buy real estate.

15 August 2013
By Eli Segall

Nevada foreclosure filings continue to drop under new law

An auction sign for a foreclosed home in Las Vegas bends in the wind, Nov. 17, 2010.

Nevada’s foreclosure rate inched lower last month as banks scale back efforts to seize homes from delinquent borrowers.

14 August 2013
By Eli Segall

How investors are making money off short sales — and keeping underwater homeowners in their houses

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.

Imagine this: An investor buys your home as a short sale, and instead of forcing you out, allows you to stay in the house as a renter with the option to buy the place back. In many cases, such a deal could land you in jail. Now, it is forming the basis of a business model in the Las Vegas Valley. Real estate broker Dave Dziedzic, founder of RealCore Realty in Arizona, opened an office in Las Vegas this year to launch Housing Angels, which connects investors with underwater homeowners.

13 August 2013
By Eli Segall

Would shift in mortgage risk-taking affect Nevada's rebounding housing market?

A carpenter works on a new home at a residential construction site in the west side of the valley April 5, 2013. Las Vegas is a lower-wage metro area that can attract people not by its economic prowess but by its supply of lower-cost housing.

Congress might tackle a plan to phase out home lending giants Fannie Mae and Freddie Mac this fall. But Nevadans might want lawmakers to drag their heels a bit.

9 August 2013
By Karoun Demirjian

Las Vegas home prices continue steady rise, surprising experts

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.

Despite an expected slowdown, Las Vegas housing prices keep going up. The median price of a previously owned single-family home sold in Southern Nevada last month was $180,000, up 35 percent from $133,000 a year earlier.

8 August 2013
By Eli Segall

Hey, tech startups: $1 office space up for grabs in downtown Las Vegas

Itching to move your tech startup from the living room to a real office? If the only thing keeping you back is the rent, fret no more: Using a geeked-out application process, you can land downtown Las Vegas office space for $1 a month.

7 August 2013
By Eli Segall

Almost 8 percent of Nevadans behind in mortgage payments

An auction sign for a foreclosed home in Las Vegas bends in the wind, Nov. 17, 2010.

Fewer Nevadans are behind on their mortgage payments this summer than last summer, but the state's delinquency rate remains one of the highest in the country. Nevada had a 7.7 percent mortgage delinquency rate for the three months ending June 30, meaning almost eight out of every 100 residents with home loans were at least 60 days past due, according to a new report by TransUnion, a Chicago-based research firm.

6 August 2013
By Eli Segall

President's Phoenix trip highlights housing rebound

President Barack Obama gestures during a speech on climate change, Tuesday, June 25, 2013, at Georgetown University in Washington.

President Barack Obama's visit to Phoenix on Tuesday shines a spotlight on one of the nation's most rapid housing recoveries, with home prices soaring and bidding wars occurring on a regular basis.

5 August 2013
By Bob Christie, Associated Press

House flipper makes $249,000 on sale to former lawmaker

John Oceguera just got flipped. The former Nevada Assembly speaker and failed congressional candidate bought a two-story, 3,640-square-foot Las Vegas house a few weeks ago for $499,000 — less than two months after the seller got it for $250,000, property records show.

31 July 2013
By Eli Segall

Home prices soaring, inventory shrinking: Is Las Vegas back in a real estate bubble?

Home prices soaring, inventory shrinking: Is Las Vegas back in a real estate bubble?

Anthony Simmons knows a bit about housing bubbles. While a linebacker for the Seattle Seahawks a decade ago, Simmons also flipped houses in Las Vegas. Then came the crash and the near destruction of the economy. Now housing prices are soaring again, but he is wary of the surge.

31 July 2013
By Eli Segall
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