Las Vegas Real Estate News

Economist predicts LV home prices will creep up in 2012

Houses sprawl across the Las Vegas Valley. When the housing bubble burst in 2007, Las Vegas became the No. 1 area in foreclosures nationwide.

A California economist who tracks the Las Vegas housing market said home prices will start rising in 2012 but won’t take off until after a greater number of jobs are created in 2014 and 2015. Mark Boud said the value of existing single-family homes in Las Vegas will fall 2.6 percent in 2011 to a median price of $133,175.

26 July 2011
By Buck Wargo

Las Vegas home prices fell in May for eighth consecutive month

Real estate professionals in Nevada are more pessimistic about the future of the home prices in the in the coming months, expecting them to continue to decline, according to a survey conducted by HomeGain, a California research and marketing company.

In yet another gloomy report on the Southern Nevada economy, credit rating agency Standard & Poor’s today said Las Vegas-area home prices fell in May for the eighth consecutive month. Las Vegas home prices are now 59.3 percent below their peak during the economic boom of 2005-2006.

26 July 2011
By Steve Green

Bank loses round against Nevada HOAs, collection agencies

Nevada homeowner associations and their collection agencies have scored a tactical victory in one of the many lawsuits pending over what critics call inflated assessments and collection costs that buyers of foreclosed homes are expected to pay.

24 July 2011
By Steve Green

Living Las Vegas: See the valley's craziest homes

Inside the Parisian Palace.

Las Vegas has a reputation for delivering the “wow factor” and there’s no exception when it comes to real estate. Hidden among the cookie-cutter neighborhoods and rows of concrete blocks are unique properties.

23 July 2011
By Rebecca Clifford-Cruz

Nevada real estate agents expecting home prices to continue falling

Real estate professionals in Nevada are more pessimistic about the future of the home prices in the in the coming months, expecting them to continue to decline, according to a survey conducted by HomeGain, a California research and marketing company.

Nevada real estate agents are growing more pessimistic about the market — 82 percent of Nevada real estate professionals said home prices would decline over the next six months, according to a new survey.

22 July 2011
By Buck Wargo

Fore sale: PGA joins Realtors to market golf-course homes

The Southwest Section of the Professional Golfers’ Association has teamed up with Realtors to help golfers buy homes on or near golf courses in Southern Nevada.

21 July 2011
By Buck Wargo

Open-air market could be solution for Strip's desolate north end

The unfinished Echelon sits vacant on the Las Vegas Strip Thursday, April 1, 2010.

Throw this into the ever-growing pile of the baffling: Why is there no discussion about blight on the Strip? Why is there no sense of concern about the long stretches of our most important economic and cultural asset that are pocked with half-finished projects or just empty land?

21 July 2011
By J. Patrick Coolican

Las Vegas home sales jump in June, but prices continue fall

Existing home sales in June reached their highest level since August 2005, and the new-home market had its best month since November, according to statistics released today by SalesTraq.

Existing home sales in June reached their highest level since August 2005, and the new-home market had its best month since November, according to statistics released today by SalesTraq.

19 July 2011
By Buck Wargo

Demise of Borders brings just what Las Vegas needs: More empty big-box spaces

Customers walk into a Borders Books & Music store, in Ann Arbor, Mich. Borders Group filed for bankruptcy Monday, July 18, 2011, after seeking court approval to liquidate its 399 stores when the company failed to receive any bids that would keep the 40-year-old chain in operation.

The news that Borders Books will liquidate doesn’t just bring the loss of four big bookstores in the valley, but it also indicates the flagging fortunes of the suburban big-box store model of development.

19 July 2011
By J. Patrick Coolican

Four associated Las Vegas companies file for bankruptcy

The Las Vegas-area commercial real estate market remains troubled, and that was illustrated Wednesday when four related companies filed for Chapter 11 bankruptcy reorganization.

14 July 2011
By Steve Green

Nevada foreclosure filings fall 17 percent

Foreclosure filings during the first six months of 2011 fell 17 percent from the same comparison a year ago and even fell by a similar amount from the second half of 2010, according to a California research firm.

13 July 2011
By Buck Wargo

Legal Aid Center applauds ruling on homeowner mediations with banks

Legal Aid Center of Southern Nevada today praised rulings last week by the Nevada Supreme Court boosting protections for homeowners trying to save their homes through mediations with banks.

11 July 2011
By Steve Green

State Supreme Court finding flaws in some foreclosure filings

The Nevada Supreme Court has sent a message to banks trying to foreclose on homeowners: Follow the rules, or forget about foreclosing and face sanctions.

10 July 2011
By Steve Green

Stallion Mountain golf course sold for $3.8 million, to reopen soon

A Colorado management company has bought Stallion Mountain Golf Club for $3.8 million, three years after it was closed by foreclosure. Tartan Golf, which selected OB Sports to manage the course, plans to reopen it within 30 days.

8 July 2011
By Buck Wargo

Las Vegas home sales surge in June as prices continue to fall

Houses sprawl across the Las Vegas Valley. When the housing bubble burst in 2007, Las Vegas became the No. 1 area in foreclosures nationwide.

The demand for bank-owned properties in June spurred a jump in Southern Nevada home sales to one of its best levels in history.

8 July 2011
By Buck Wargo
« Older Newer »