Las Vegas Real Estate News

Las Vegas home rentals offer good deals for travelers

Although Las Vegas has more hotel rooms than any other city in America, there are some travelers who prefer distinctly different accommodations when visiting Sin City - someone else's house.

19 April 2011

Report: Business leaders showing more confidence in recovery

A new report shows mixed sentiments on the future of the Las Vegas economy.

Las Vegas business leaders are slowly gaining confidence in the recovery of the Southern Nevada economy but remain hesitant to hire.

17 April 2011
By Buck Wargo

Las Vegas home prices tumble to 1995 levels

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

The price of new and existing homes will continue to decline the remainder of 2011 and one analyst said existing home prices are likely to remain depressed for several years, in part because of investors. The median price for new homes in March was $199,956, a 5.3 percent drop from March 2010. In the existing home market, the median price was $113,000, a year-over-year drop of 9.3 percent.

14 April 2011
By Buck Wargo

After year of stability, home prices falling again

After a period of relative stability, home prices in the Las Vegas Valley are headed down again.

How low can they go? Nevada’s existing home prices declined in March, and a jump in foreclosure filings and weak economy may push them down further this year. A California-based firm projects the 2011 median home price will decline 12 percent from 2010.

14 April 2011
By Buck Wargo

SCAM CITY: Nevada's mortgage crisis

Housing sprawls across the Las Vegas Valley.

Nevadans are strangled by the home mortgage crisis, hundreds of thousands of us stung by bad bank loans. Now we’re paying the price with at least 66,000 vacant units throughout the valley, the worst economy since the Great Depression and many homeowners trapped beneath bad loans they could never afford.

11 April 2011
By Dave Berns

Developer seeks permission to alter Park Highlands in NLV

Work started by the Olympia Group continues on the smaller of two parcels of land at Park Highlands.

A Dallas-based company overseeing the stalled housing development Park Highlands in North Las Vegas has approached the city about reducing density and eliminating other various requirements.

11 April 2011
By Buck Wargo

Las Vegas home sales increase in March as prices drop

Home buyers continued to find bargains in the Las Vegas area in March as prices fell, the Greater Las Vegas Association of Realtors reported Friday.

8 April 2011
By Steve Green

Henderson unveils plan for $1.5 billion health, retail campus

Union Village will be one of the first integrated health-care and mixed-use developments in the country. Developers unveiled its master plan Thursday, April 7, 2011, at Henderson City Hall.

The city of Henderson has kept mum about plans for a 171-acre, city-owned lot near U.S. 95 and Galleria Drive. On Thursday, city officials and developers unveiled a plan for an integrated hospital and retail campus.

7 April 2011
By Paul Takahashi

Report: Homebuilder's loss widens on hit from Inspirada bankruptcy

Inspirada, a master-planned community in Henderson, is shown May 11, 2009.

The Los Angeles Times reported that Southern California-based homebuilder KB Home widened its loss in the first quarter after taking a financial hit on the bankruptcy of Inspirada in Henderson.

6 April 2011
By Las Vegas Sun Staff

Report: Providence, Mountain's Edge among top-selling communities

A view of the master-planned community Mountain's Edge in the southwest Las Vegas Valley on Friday, Aug. 6, 2010.

Two valley master-planned communities, Mountain's Edge and Providence, placed among the top-selling developments in the U.S. in 2010.

6 April 2011
By Dylan Scott

Rate of Las Vegas homes bought with mortgage hits 17-year low

Investors are making up an increasingly large number of homebuyers in the Las Vegas Valley, with about 57 percent of homes purchased with cash -- the preferred method of investors. A Henderson neighborhood is shown in this file photo.

More than half of the investors buying up Las Vegas homes live in Nevada and nearly one quarter are based in California, a San Diego-based research firm reported. The report from MDA DataQuick comes as cash sales accounted for a record 57 percent of sales in February. The firm has tracked Las Vegas sales since 1994.

4 April 2011
By Buck Wargo

Las Vegas real estate brokerage acquires franchise in Phoenix

One of Las Vegas’ largest real estate brokerages announced today it has acquired a franchise operating in Phoenix.

4 April 2011
By Buck Wargo

Las Vegas real estate brokerage files for Chapter 11

With two of its owners already in bankruptcy, a Las Vegas real estate brokerage filed for Chapter 11 bankruptcy reorganization Thursday.

1 April 2011
By Steve Green

Las Vegas real estate lender sued again, and files its own suit

Las Vegas "hard money" real estate lender Aspen Financial Services faces another lawsuit filed by an unhappy investor -- at least the fifth such suit filed since 2008.

31 March 2011
By Steve Green

Berkley among Democrats joining GOP in vote against mortgage assistance program

Usually, it’s the Republicans voting to strip out Obama’s recession-era initiatives, and the Democrats backing them for all they’re worth. The Nevada delegation today however, turned that traditional calculus on its head.

29 March 2011
By Karoun Demirjian
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