Las Vegas Real Estate News

Nevada HOA foreclosure assessments challenged in False Claims lawsuit

Attorneys for investors in Nevada foreclosed homes have filed yet another massive lawsuit challenging homeowner association assessments and collection costs. The latest suit was filed secretly in April 2011 in federal court in Las Vegas and it was unsealed on Wednesday.

25 April 2012

By Steve Green

Wells Fargo announces Las Vegas homebuyers grant program

Las Vegas Mayor Carolyn Goodman held a news conference to highlight the upcoming Wells Fargo Neighboorhood LIFT event for prospective homeowners, Wednesday April 25, 2012. The program provides down payment assistance grants of up to $15,000 to qualified buyers.

If you're thinking about buying a home in Las Vegas, you might want to see if you're eligible for a new program that could eliminate your down payment. The new privately funded initiative could help some 500 people buy a home in Las Vegas.

25 April 2012

By Dave Toplikar

Las Vegas mortgage company disciplined

The state Division of Mortgage Lending has ordered a Las Vegas company to stop offering to help strapped homeowners obtain a loan modification or to prevent foreclosures.

24 April 2012

By Cy Ryan

Las Vegas home prices hit new post-recession low

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

Las Vegas-area home prices fell from January to February, according to the closely-followed Standard & Poor’s/Case-Shiller Home Price Indices. S&P on Tuesday said Las Vegas was among nine big U.S. markets to see prices hit new post-recession lows in February, as the larger U.S. market continued to struggle. Las Vegas prices fell 0.4 percent on a monthly basis and were down 8.5 percent from February 2011, S&P said.

24 April 2012

By Steve Green

Real Estate Quarterly: April 23, 2012

In real estate news: Megan Whiteaker, Nevada Association of Realtors, PENTA Building Group, Colliers International and Windermere Anthem Hills.

23 April 2012

State treasurer frustrated by delay in taxing Fannie Mae, Freddie Mac

Freddie Mac's corporate offices are seen in McLean, Va. Freddie Mac was bailed out in 2008 and is now owned by taxpayers.

The state’s tax department hasn’t decided whether to drop a tax exemption for mortgage companies Fannie Mae and Freddie Mac, three months after the treasurer asked for a change in the rules that would garner an estimated $5 million a year for the state and schools.

19 April 2012

By David McGrath Schwartz

Las Vegas commercial real estate vacancies remain elevated

A car passes by the empty boutique shops area at the Coronado Canyons retail mall at Green Valley and Horizon Ridge parkways in Henderson Tuesday, Jan. 17, 2012. A Wells Fargo Bank, a CVS Pharmacy and a Fresh &Easy are operating but the mall's boutique shops are empty.

Newly released commercial real estate data show that for the most part, the Las Vegas market continued to scrape along the bottom in the first quarter.

17 April 2012

By Steve Green

Lack of competition stifles refinance program for underwater homeowners

Some homeowners are getting stuck with relatively high interest rates even after they participate in the government's program to help them refinance their mortgages. The biggest banks are not lowering rates as much as they could be, and homeowners have few options to go elsewhere.

16 April 2012

Cora Currier, Propublica

Nevada moves to No. 2 on U.S. foreclosure list, behind Arizona

Two foreclosed and unoccupied homes in the 4500 block of E Sun Valley Drive sit across from eachother, Thursday Dec. 15, 2011. Organizations, such as PLAN and the Las Vegas Foreclosure Task Force, are pressuring the Obama Administration to reject the 50 state settlement with Wall Street banks.

A good-news, bad-news scenario emerged Wednesday on the foreclosure front in Nevada. RealtyTrac of Irvine, Calif., reported that in March, Nevada moved to No. 2 on the national foreclosure list after leading the nation for 62 consecutive months.

11 April 2012

By Steve Green

Las Vegas real estate: Houses you can (or could) buy for under $150,000

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

Bargain prices and low interest rates have combined to escalate activity in the Las Vegas residential real estate market. The number of residential properties in the valley available for resale is just over 6,000, down from a recession-era high of 22,000 properties, according to numbers from the Greater Las Vegas Association of Realtors. Here’s a look at some properties that are or have been listed for sale under $150,000 in the Las Vegas Valley.

10 April 2012

By Conor Shine

Low prices, low interest rates driving home sales across valley, Realtors say

An aerial view of a residential neighborhood in Las Vegas.

The Las Vegas residential real estate market continues to recover from the effects of the recession as a combination of affordable home prices and low interest rates feeds a valleywide interest in purchasing homes.

10 April 2012

By Conor Shine

Technology, shifts in buying habits put pressure on big-box stores

A discarded shopping cart frames a Home Depot anchor store at The Arroyo Market Square Saturday, April 7, 2012.

Big-box stores, the elephants of the suburban retail savanna, face growing threats to their survival. The evolution of technology, combined with society’s growing comfort with buying online, are taking their toll.

8 April 2012

By Richard N. Velotta

State orders company that advertises it can stop foreclosures to quit operating

The state has filed a complaint against an unlicensed company that provides mortgage advice and advertises it can “stop a foreclosure within 48-72 hours.”

4 April 2012

By Cy Ryan

Seven Las Vegas Valley condos and what it costs to live there

A view of the Newport Lofts condo building in downtown Las Vegas on Thursday, Dec. 16, 2010.

Those interested in condominium living aren’t without options throughout the Las Vegas Valley, from the Strip to downtown to Summerlin and beyond. Here’s a look at several condominium properties around the city.

3 April 2012

By Conor Shine

Once stalled by recession, The Modern condominium project pushes forward

An artist's illustration of The Modern, a mid-rise, 83-unit condominium complex on West Flamingo Road, Wednesday, March 28, 2012.

Workers in hardhats and fluorescent-colored vests hustle about under the warm Nevada sun, lining pools and installing landscaping at a soon-to-be opened condominium project in the southwest valley. The sight of busy construction workers has been exceedingly rare throughout Las Vegas in the years after the Great Recession, which sent many condominium projects into bankruptcy and stalled the completion of others.