Las Vegas Real Estate News

Homebuilder pulling out of Las Vegas market

Arizona-based Meritage Homes Corp. announced it was winding down operations in Las Vegas and would exit the struggling market in early 2013. "It’s a sad state of affairs there,” executive Brent Anderson said during an interview Friday.

2 December 2011
By Steve Green

2 Las Vegas-area shopping centers sold

Two Las Vegas-area shopping centers have been sold, brokers and buyers announced this week. Primestor Development Inc. of Los Angeles said it has acquired 4G Plaza for $8.825 million.

2 December 2011
By Steve Green

Debt collector likens title company's action to blackmail

A big player in the Las Vegas residential real estate market has filed a lawsuit claiming it’s being blackmailed by a major title insurance company in a dispute over foreclosures.

1 December 2011
By Steve Green

In wake of real estate collapse, crazy deals abound

The entryway courtyard of a home for sale at Red Rock Country Club in Summerlin for $600,000 seen Friday, November 18, 2011.

What if I told you I could offer you a two-bedroom, two-bath condo in Summerlin — well, basically Summerlin — for the price of an Acura MDX: Is that something that would interest you? It’s the opportunity of a lifetime. We’ve heard this before from the real estate pitchmen.

30 November 2011
By J. Patrick Coolican

Woman implicated in alleged robo-signing scheme found dead

A 43-year-old woman who pleaded guilty in an alleged robo-signing scheme was found dead Monday at her northwest valley home, authorities said.

29 November 2011
By Gregan Wingert

Las Vegas home prices fall to February 1998 levels

Las Vegas-area home prices fell again in September to a new low during the current recession, Standard & Poor’s reported Tuesday. Stung by elevated unemployment and high levels of foreclosures and underwater mortgages, Las Vegas saw housing prices fall 1.4 percent from August and 7.3 percent from September 2010.

29 November 2011
By Steve Green

Debt counselors say underwater homeowners overlooking assistance programs

Consumer Credit and Housing counselor Angela Ghilarducci speaks with a client at Consumer Credit Counseling Services on Monday, Nov. 28, 2011.

Clay McRae is something of a recent exception as far as Consumer Credit Counseling Service of Nevada and Utah is concerned. Out of work for nearly two years, possibly on the verge of losing his home to foreclosure, McRae walked in the front door of the nonprofit early Monday.

29 November 2011
By Dave Berns

PH Towers Westgate at Planet Hollywood has new owner

The PH Towers Westgate at Planet Hollywood on the Las Vegas Strip.

A big timeshare resort on the Las Vegas Strip has a new owner, under a restructuring announced Tuesday. Resort Finance America LLC said it acquired a controlling interest in PH Towers Westgate at Planet Hollywood.

22 November 2011
By Steve Green

Nevada urged to use tax credits to rehab abandoned homes for renters

Homes for sale are shown in the Villas at Black Mountain development near Horizon Ridge Parkway and Gibson Road in Henderson Wednesday, June 1, 2011.

Five years ago, with low-income housing scarce and apartments being converted by the hundreds into condominiums, the poor and elderly in Southern Nevada struggled to find places to rent. It made sense for the federal government, partnering with the state, to encourage construction of rental housing.

22 November 2011
By David McGrath Schwartz

'Flipping Vegas' stars succeeding in our tough market

Husband and wife team Scott and Aimie Yancey pose in the kitchen of a foreclosure home in Summerlin Thursday, August 4, 2011. The couple is negotiating to buy the home for their television show "Flipping Vegas." The show airs Saturdays at noon on the A&E channel. Once a $1.6 million property, the home is now completely trashed and will require a major make-over.

Scott Yancey has done something few Las Vegans have during the past couple of years: made money, and a good business model, out of a down real estate market.

21 November 2011
By VEGAS INC Staff

The List: For-Fee Property Management Companies

Find out how Southern Nevada for-fee property management companies rank in relation to one another. This week, we look at the amount of square feet they manage.

21 November 2011

Court wants nonprofit group to pay almost $1 million to review foreclosure records

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.

A group seeking to evaluate the state’s foreclosure mediation efforts has been told it will be charged nearly $1 million to review records of the negotiations between banks and homeowners.

19 November 2011
By David McGrath Schwartz

New home sales, prices decrease

Las Vegas-area new homes continued to sell at a slow pace and at lower prices in October, and local analyst Dennis Smith said the market was many months away from a turnaround.

18 November 2011
By Steve Green

Processor: No wrongful foreclosures tied to Nevada indictments

The two title officers indicted in the Las Vegas foreclosure document robo-signing scam this week have been identified as employees of Lender Processing Services Inc., which banks use for loan servicing and foreclosure work.

18 November 2011
By Steve Green

Henderson lawyer who pleaded guilty in HOA scheme found beaten on roadside

Henderson police found a 57-year-old attorney lying beaten today on a Henderson roadside just weeks after pleading guilty in a scheme to swindle homeowners’ associations in the valley.

16 November 2011
By Gregan Wingert
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