Las Vegas Real Estate News

Las Vegas results mixed amid broad U.S. housing downturn

U.S. home prices fell broadly in January, with Las Vegas producing mixed results, Standard & Poor's reported today.

29 March 2011
By Steve Green

Nevada ranks worst in nation in construction job losses

A construction worker is shown in this file photo from early 2008, when Las Vegas was starting to feel the effects of the Great Recession.

Nevada’s construction employment increased in January and February, but the state maintained its spot as the leader in job losses.

28 March 2011
By Buck Wargo

Resale home market making a comeback so far this year

Everyone talks about the local economy — housing, commercial real estate and other sectors that hit bottom. But there are signs of recovery.

28 March 2011
By Buck Wargo

Coyote Springs developer sues Pardee Homes

Coyote Springs is a planned city in Lincoln and Clark counties near the junction of U.S. Highway 93 and State Highway 168, about 50 miles north of Las Vegas.

The developer of Coyote Springs northeast of Las Vegas has filed a lawsuit against Pardee Homes alleging the builder has reneged on its agreements to proceed with the master-planned development. The lawsuit filed in Clark County District Court is a reflection of the state of the region’s new-home market.

24 March 2011
By Buck Wargo

Bill aims to protect foreclosure homeowners

A Nevada lawmaker says he has a bill to close a provision of state law that he says lets banks and third parties profit from the foreclosure crisis while homeowners' credit ratings suffer.

23 March 2011
Associated Press

Las Vegas No. 2 on list of country's 'emptiest' cities

Housing prices have tumbled across the Las Vegas Valley during the recession as foreclosures have spiked.

The good news is Las Vegas isn't No. 1 on another list of floundering real estate markets. The bad news is it ranked second. Las Vegas landed in the No. 2 spot on Forbes' recently released list of "America's emptiest cities." Las Vegas trails Orlando, according to Forbes' rankings.

22 March 2011
By Jackie Valley

Las Vegas HOA collection agencies sue critics

Two homes are shown for sale in the southern Las Vegas Valley.

New allegations of wrongdoing are flying pitting Las Vegas-area collection agencies for homeowner associations against homeowners and investors in foreclosed properties.

21 March 2011
By Steve Green

Report shows little hope for short-term recovery in market

Las Vegas homebuilders struggled during the first two months of 2011 and aren’t showing much optimism for a quick recovery in the market. Sales of new homes fell 19 percent in January and February compared to 2010, while sales of existing homes rose 1 percent as prices continued to fall, according to a report released Monday by SalesTraq. Buyers closed on 502 homes in January and February, down from 621 in the first two months of 2010.

21 March 2011
By Buck Wargo

Inspirada developer suing Henderson in dispute over assessments

One of the developers of the bankrupt Inspirada planned community is suing the city of Henderson in a dispute over unpaid infrastructure assessments.

21 March 2011
By Steve Green

Experts see hope for Southern Nevada’s housing market

Las Vegas has served as a destination point for brokerages holding their international conventions. The top executives of Coldwell Banker and RE/MAX took their turn to speak about the housing market and its prospects for recovery.

21 March 2011
By Buck Wargo

Foreigners paying top dollar for distressed properties

International investors are swooping into Las Vegas and purchasing distressed commercial real estate, many times blowing away much lower offers from domestic buyers.

14 March 2011
By Buck Wargo

Nevada sees big slowdown in foreclosure filings

Nevada led the nation in foreclosures in February for the 50th consecutive month, but the problem lessened as lenders slowed down their foreclosure process. February’s foreclosure filings fell 22 percent compared to January and fell 13 percent from February 2010.

9 March 2011
By Buck Wargo

Las Vegas home sales increase in February as prices drop

Home prices in Southern Nevada are less than half what they were during their 2006 peak.

The Southern Nevada housing market bounced back slightly in February with increased sales, but it wasn't enough to prevent home prices from slipping again over the past year. The 2,591 sales of single-family homes in February were 3.3 percent higher than January and 8.4 percent higher than February 2010, the Greater Las Vegas Association of Realtors reported today.

8 March 2011
By Buck Wargo

Henderson company agrees to $200,000 fine over loan violations

CARSON CITY – A Henderson company has agreed to pay a $200,000 penalty levied by the state Division of Mortgage Lending for a variety of loan violations dating back to at least 2009.

8 March 2011
By Cy Ryan

Las Vegas businesses feeling pinch of rising prices at the pump

For a local cookie shop owner, rising gasoline prices are no cakewalk.

7 March 2011
By Buck Wargo
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