Las Vegas Real Estate News

Banks near mortgage deal with state AGs

Two foreclosed and unoccupied homes in the 4500 block of East Sun Valley Drive sit across from each other Dec. 15, 2011.

The nation’s five largest banks and a consortium of state attorneys general are closing in on finalizing a settlement of at least $25 billion for the roles the banks played in the mortgage meltdown, Politico has confirmed.

8 February 2012
Joseph Williams, Politico

Las Vegas home sales rise, but prices fall

The latest Las Vegas-area home price statistics show again that year-to-year sales are up while prices are down, the Greater Las Vegas Association of Realtors reported Tuesday.

8 February 2012
By Steve Green

Nevada investors sue over San Antonio land deal

Nevada investors who put up $65 million for a land development deal involving Texas A&M University charge in a new lawsuit that they were damaged by misconduct and self-dealing by the project’s former managers and a prominent San Antonio attorney.

2 February 2012
By Steve Green

Foreclosure processor fights Nevada attorney general's robosigning lawsuit

Saying there’s nothing illegal about “robosigning” and “surrogate signing,” a big processor of foreclosure paperwork is seeking dismissal of a fraud lawsuit filed by Nevada’s attorney general.

31 January 2012
By Steve Green

Las Vegas home prices sink to 1997 level, Standard & Poor's reports

Las Vegas-area home prices fell in November to a level last seen 15 years ago and will likely keep dropping through late 2013, says new housing data.

31 January 2012
By Steve Green

Freddie Mac bets against homeowners stuck in high-rate mortgages

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

Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.

31 January 2012
By Jesse Eisinger, ProPublica, and Chris Arnold, NPR News

On the auction block: 12-bedroom, 16-bathroom, $14 million mansion

La Maison des Jardins at Spanish Trail in Las Vegas seen on Monday, Jan. 30, 2012.

Up a cobblestone path and behind the large, white double doors of a Mediterranean-inspired home in the Spanish Trail community sits a gleaming monument to when economic times were good in Las Vegas. The entrance of the home opens into a shining white interior, with pristine marble floors stretching in all directions, framed by 30-foot ceilings above.

31 January 2012
By Conor Shine

Attorneys hit Nevada foreclosure processors with class-action suit

Two attorneys announced Monday they’re suing six companies they claim have been processing Nevada home foreclosures without authorization. Attorneys Nicholas Boylan of San Diego and Shawn Christopher of Henderson said they filed suit last month in Clark County District Court and are seeking class-action status on behalf of 16 Nevadans named as plaintiffs and potentially thousands of more plaintiffs as class members.

30 January 2012
By Steve Green

Investors sue Mountain's Edge HOA

The Mountain’s Edge planned community homeowners association is the latest to be sued by investors in Las Vegas-area foreclosed homes. The investors, who already have filed complaints against scores of HOAs with state real estate regulators, lately have also been suing individual HOAs.

30 January 2012
By Steve Green

New law has stalled, not stifled, foreclosures

The number of Nevadans who are underwater on their mortgages is down, but only because many have lost their homes to foreclosure, a report says.

Banks have stopped filing new foreclosure notices in Nevada, but that doesn’t mean the housing crisis has passed. In fact, bankers say a new law has put bank foreclosures on hold and is preventing the Las Vegas housing market from finally hitting bottom.

29 January 2012
By David McGrath Schwartz

Wardley Real Estate brokerage cuts ties with Coldwell Banker

A shake-up was announced in the Las Vegas residential real estate market on Friday, with Wardley Real Estate saying its longtime relationship with franchisor Coldwell Banker has ended.

27 January 2012

State treasurer: Fannie and Freddie need to ‘show me the money’

Nevada Treasurer Kate Marshall testifies at the Legislature in Carson City on March 2, 2011.

When a home is sold, buyers and sellers in Nevada — from big banks to investors to first-time homebuyers — have to pay a real property transfer tax. Except for Fannie Mae and Freddie Mac. The state’s treasurer wants Nevada to yank a little-noticed exemption for the federal mortgage giants.

25 January 2012
By David McGrath Schwartz

Your next landlord in Las Vegas could be a hedge fund

Hedge funds could be the next big player in the Las Vegas real estate market, buying up hundreds of single-family homes and renting them out as an investment.

Hedge funds could be the next big player in the Las Vegas real estate market. And I’m not talking about apartment complexes or commercial property. I’m talking single-family homes.

24 January 2012
By J. Patrick Coolican

Should Vegas housing go back to the drawing board?

Architect Eric Strain designed this award-winning house on a hillside in Summerlin to be adaptable to the desert. There are no windows at the rear because they would face west -- and the punishing afternoon heat. Instead, the back of the home is garage, which acts a buffer between the living space and the sun.

I’m standing with architect Eric Strain outside a home perched on a hillside in Summerlin. The sun is setting behind us, the salmon-colored sky now bleeding into indigo darkness. We are looking east toward the Strip, its lights just beginning to shimmer.

21 January 2012
By J. Patrick Coolican

Outlook for Las Vegas retail centers remains turbulent

Town Square

The retail sector of the commercial real estate market remains choppy in the Las Vegas area. In a probable repeat of 2011, some strip malls and power centers are expected to thrive in 2012, while others will likely face financial troubles because of high vacancy rates and tenants struggling to pay their rent.

18 January 2012
By Steve Green
« Older Newer »