Las Vegas Real Estate News

Congressional candidates get personal at rally addressing housing

Rep. Joe Heck addresses a homeownership rally outside at the Clark County Government Center Amphitheater in Las Vegas Thursday, Oct. 18, 2012.

A bipartisan handful of Nevada’s congressional hopefuls addressed a crowd of about 200 in Las Vegas on Thursday about the one issue it seems every Nevadan running for office agrees needs work in Washington: housing. The Rally for Homeownership, sponsored by the National and Southern Nevada Home Builders Associations, featured Sen. Dean Heller, the Republican running for re-election to the Senate seat he was appointed to last year; Rep. Joe Heck, the Republican running for re-election to the 3rd Congressional District’s seat; and former Rep. Dina Titus, the Democrat running to represent the 1st Congressional District.

19 October 2012

By Karoun Demirjian

B of A sues 28 Nevada HOAs, collection agencies in lien dispute

Bank of America is suing 28 Nevada homeowner associations and their collection agencies in the continuing dispute over charges that HOAs have been hitting homeowners and buyers of foreclosed homes with inflated bills for past-due assessments and collection costs.

18 October 2012

By Steve Green

Henderson accepts purchase offer for 150 acres for industrial complex

The Henderson City Council is one step closer to selling roughly 150 acres of land to developers who want to build a 2 million-square-foot industrial complex.

17 October 2012

By Eli Segall

Las Vegas' new housing boom

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

New home sales and permits soared last month in Las Vegas while closing prices slipped. The Las Vegas Valley had 591 new home sales in September, according to a report this week from Home Builders Research.

17 October 2012

By Eli Segall

On housing, Nevada Senate candidates' differing views boil down to federal government's level of involvement

Dean Heller and Shelley Berkley, candidates for Nevada's U.S. Senate seat, debate on the "Ralston Reports" television program at the KSNV-Channel 3 studios Monday, Oct. 15, 2012.

The issue of principal reduction is at the heart of the philosophical divide over how active the federal government should be in trying to address Nevada’s problem. And it marks a key difference in how the two candidates running for U.S. Senate would approach the housing crisis.

17 October 2012

By David McGrath Schwartz

Cash customers dominate housing market, county commissioners told

Cash investors are once again winning the battle for all those foreclosed homes in Las Vegas and Clark County. County Commissioner Susan Brager said banks keep giving the homes to cash buyers – mostly investors waiting to flip the properties.

16 October 2012

By Joe Schoenmann

Elvis' Beverly Hills estate up for sale

Singer Elvis Presley and his bride, the former Priscilla Beaulieu, are shown at the Aladdin Hotel in Las Vegas, Nev., after their wedding on May 1, 1967. Presley, 32, and Beaulieu, 21, both from Memphis, Tenn., met while he was stationed in Germany with the U.S. Army.

The former Beverly Hills home of the late Elvis Presley and his wife Priscilla is up for sale for a cool $12.9 million. Real estate website operator Trulia says the home hit the market Wednesday.

12 October 2012

By Adrian Sainz, Associated Press

Investors take big bite out of Las Vegas housing supply

Las Vegas’ housing supply shrunk rapidly this past year as cash investors bought homes in bulk so they could rent them out.

10 October 2012

By Eli Segall

Foreclosure rate dips, but Nevada remains one of worst-hit states

A "for sale" sign is displayed outside a foreclosed home near Hacienda Avenue and Jones Boulevard on Saturday, Feb. 5, 2011.

Nevada’s foreclosure rate plunged last month but was still high enough to keep the state in the top 10 of America’s worst-hit states. Nevada had the fifth-highest foreclosure rate in the country in September.

10 October 2012

By Eli Segall

Which is smarter: Buying or renting a home in the Las Vegas Valley?

A view of residential rooftops near Horizon Ridge Parkway and Gibson Road on Wednesday, June 1, 2011, in Henderson.

The two houses on Tilden Way look almost identical. They share similar colors, layouts and landscaping. But there's one big difference: One is rented, the other is owned.

10 October 2012

By Eli Segall

Las Vegas home prices rise for 8th consecutive month

The view from the balcony of a condo for sale at the Ogden in downtown Las Vegas on Friday, Nov. 18, 2011.

Las Vegas home prices rose for the eighth consecutive month in September, thanks to the valley’s tight housing supply and a record number of short sales. The median sales price of single-family homes last month was $140,000, up 1.4 percent from $138,000 in August and up 13.5 percent from September 2011, according to a report out today from the Greater Las Vegas Association of Realtors. The median sales price of condominiums and townhouses was $70,250, up 2.6 percent from $68,500 in August and up 24 percent from a year ago.

9 October 2012

By Eli Segall

HOA fee issue likely headed back to Nevada Supreme Court

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

The Nevada Supreme Court may soon be asked to weigh in again on the issue of past-due homeowner association assessments and fees levied against buyers of foreclosed homes.

9 October 2012

By Steve Green

After cautious start, Obama administration recalibrates its approach to foreclosure crisis

Nevada's housing market has yet to rebound under a patchwork of shifting federal programs aimed at helping distressed homeowners. The deep wound of the crisis on our economy is clear: The state led the nation in per-capita foreclosures for 62 straight months. That has led some to question whether the Obama administration should have led a more aggressive effort to help homeowners.

5 October 2012

By David McGrath Schwartz

NLV eyes home upkeep rules to fight foreclosure blight

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

North Las Vegas has proposed a new ordinance that is designed to help the city reduce its collection of mangy, deteriorating foreclosed homes.

4 October 2012

By Brian Nordli

Summerlin office buildings sold in massive deal

A view of an office complex at 10550 W. Charleston Blvd., Las Vegas, Sept. 10, 2012.

General Growth Properties has sold its portfolio of 32 local office buildings, in one of the largest real estate deals in Las Vegas in years. The 1.1 million-square-foot portfolio in Summerlin was sold last week to Hines Interests LP and Oaktree Capital Management LP.