Las Vegas Real Estate News

Mortgage settlement slowly bringing relief to homeowners, official says

An aerial view of a neighborhood in the southwest part of the Las Vegas Valley taken from a helicopter May 21, 2012.

A multibillion-dollar mortgage settlement reached in February to hold banks accountable for questionable dealings during the recession is working, but still needs more time to be fully implemented, program overseer Joseph Smith said.

6 December 2012
By Conor Shine

Rep. Shelley Berkley puts D.C. house on sale for $1.5 million

As she prepares to head home to Nevada, outgoing U.S. Rep. Shelley Berkley has already packed up her congressional office. Now, she’s also selling her house in Washington, D.C.

6 December 2012
By Karoun Demirjian

Shrinking volume, rising prices for foreclosed homes in Nevada

A home sits foreclosed and unoccupied in the 4500 block of East Sun Valley Drive on Thursday, Dec. 15, 2011.

Prices for foreclosed homes in Nevada jumped this year as sales volume plummeted, underscoring the state's high demand and slim inventory.

5 December 2012
By Eli Segall

California tech exec buys two Las Vegas apartment complexes for $90 million

An exterior view of the Esplanade residential complex off South Durango Drive. WTI Inc. recently bought a portion of the 382-unit development for $18 million.

A company linked to a Silicon Valley software firm has pushed into the Las Vegas real estate market, spending more than $90 million on two recent deals. WTI Inc. acquired 163 units last month at the Esplanade residential complex off South Durango Drive near the 215 Beltway. It also snapped up the 840-unit Renaissance Villas apartment complex on West Tropicana Avenue near South Decatur Boulevard in late October.

5 December 2012
By Eli Segall

Las Vegas ranked in top 50 of fastest-growing metropolitan areas

An aerial view of a neighborhood in the southwest part of the Las Vegas Valley taken from a helicopter May 21, 2012.

Las Vegas is expected to be among the 50 fastest-growing metropolitan areas over the next five years, according to a computer projection released today by Pitney Bowes Software.

27 November 2012
By Ron Sylvester

Lenders foreclosing on Las Vegas shopping center

In another high-profile commercial real estate foreclosure, lenders are moving to seize the Rainbow Promenade shopping center near U.S. 95 and Lake Mead Boulevard in northwest Las Vegas.

24 November 2012
By Steve Green

Las Vegas housing market shows continued improvement

New homes under construction in Henderson seen on Wednesday, May 23, 2012.

The Las Vegas area housing market continues to outperform last year with rising sales and more building permits. There were 593 new home sales in October in the valley, according to a new report from Las Vegas-based Home Builders Research.

21 November 2012
By Eli Segall

Nevada suffers setback on foreclosure rate

The grim reality of real estate in Southern Nevada.

Nevada had the second-highest foreclosure rate in the country in October, with 1 in every 352 housing units saddled with foreclosure-related filings, according to a report published today by RealtyTrac.

14 November 2012
By Eli Segall

Las Vegas sees drop in underwater homeowners, but area still hurting

A view of homes in Henderson, April 4, 2011.

Las Vegas had fewer underwater homeowners in recent months but remained high atop the country’s hardest-hit list. Some 63 percent of Las Vegas Valley homeowners with mortgages were underwater.

14 November 2012
By Eli Segall

Developers eye Las Vegas Valley’s unfinished buildings

Boyd Gaming's unfinished Echelon sits vacant on the Strip.

All across the valley stand half-finished buildings, abandoned construction sites and boarded-up condominium projects. To many, the abandoned structures and shelved projects are reminders of Las Vegas’ real estate bust. To a few, they signal opportunity.

12 November 2012
By Eli Segall

Price discount disappears for foreclosed homes in Las Vegas

Foreclosed homes for sale line the 9800 block of Fast Elk Street in northwest Las Vegas in 2007.

Most people would expect to get a discount when buying a foreclosed home. But Las Vegas home buyers on average received no discount at all in September when buying a seized home from a bank as compared to a traditional sale.

8 November 2012
By Eli Segall

NLV council wants to further tweak home-upkeep rules

The North Las Vegas City Council withdrew a proposed vacant homes maintenance ordinance from consideration Wednesday to make further adjustments.

7 November 2012
By Brian Nordli

Las Vegas Valley house prices flatten after 8 months of gains

A home for sale at 227 Marks St. in Henderson on Monday, April 9, 2012.

After eight months of gains, Las Vegas Valley home prices have flattened out. The median sales price of a single-family house was $140,000 in October, the same as in September, but up 16 percent from a year ago, according to a report out today from the Greater Las Vegas Association of Realtors.

6 November 2012
By Eli Segall

Las Vegas foreclosure rate continues to plunge

A foreclosed home is shown in the Silverado neighborhood of Las Vegas.

Las Vegas foreclosure levels kept sliding last quarter amid a national drop in distressed real estate. The Las Vegas Valley had the 25th highest foreclosure rate in the third quarter among the 212 U.S. metro areas with at least 200,000 people.

24 October 2012
By Eli Segall

Las Vegas home values rise 7 percent, but future not so bright

The house on 4675 Balfour Drive in Las Vegas seen on Monday, Feb. 13, 2012.

Las Vegas home values rose faster than the national rate this past year, but the growth forecasted locally is smaller than the country at large.

22 October 2012
By Eli Segall
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