Las Vegas Real Estate News

USA Today notes Las Vegas' underwater housing problem

A portion of USA Today's front page is shown Feb. 8, which noted housing woes in Clark County.

Clark County made the top of USA Today’s front page on Tuesday — but it wasn’t good news.

Investors playing bigger role in Las Vegas housing market

The Crystal Ridge development carved terraces into the mountain for custom home sites in Henderson, but developers stopped the project when the housing market collapsed. Homes sales in the region dipped in January, but investors dominated the market as more than half of all homes were bought for cash.

Home sales and prices dipped in January but investors filled the void by becoming an even more dominant player in the Southern Nevada housing market.

Summerlin expands with Amado in The Mesa village

Pulte Homes has announced the opening of a new neighborhood, Amado in The Mesa village, on Summerlin's south side.

Strategic defaults contagious in Las Vegas neighborhoods

The Nevada Association of Realtors reported last week results of a survey that said nearly one quarter of people losing their homes to foreclosure walked away even though they could afford their mortgages.

Q&A: Nasser Daneshvary, director of Lied Institute for Real Estate Studies at UNLV

"The era of crazy price appreciation is over. I think the whole attitude of households in the United States has changed," says Nasser Daneshvary.

Nasser Daneshvary thought teaching economics in college would be his way to make a difference in the lives of young people.

Report: Apartment rents in Las Vegas expected to decline

Apartment rents in Las Vegas have stabilized along with the occupancy rate, but prices will continue to decline as long as the economy remains sluggish, according to a report released today by a research firm.

Judge approves bankruptcy petition filed against Inspirada developers

Inspirada, near Anthem in Henderson, was envisioned as a 13,500-home, 2,000-acre New Urbanist community where people could walk to parks, schools and a casino, but the housing slump has called into question the commitment of developers and buyers and perhaps lowered the value of some of the homes by about $100,000.

Bankruptcy Judge Bruce Markell in Las Vegas on Thursday approved the involuntary bankruptcy petition filed by banks against South Edge LLC, developer of Henderson's Inspirada planned community

Bank subsidiary suing over back fees on foreclosures

A Bank of America subsidiary is suing scores of Southern Nevada homeowner associations, their trustees and collection agencies in yet another dispute over foreclosures, HOA assessments and collection fees.

Gaming officials schedule special meetings for Hard Rock

A view of the Hard Rock hotel-casino at Paradise Road and Harmon Avenue on Tuesday, Jan. 25, 2011.

State gaming regulators have scheduled special meetings for Tuesday in Carson City to deal with the Las Vegas Hard Rock hotel-casino, should a lender succeed in foreclosing on the property.

Two men arrested in alleged mortgage payment scam

Two Las Vegas men were arrested Thursday for allegedly operating a scam to steal mortgage payments from homeowners, Nevada Attorney General Catherine Cortez Masto said.

Firm predicts decline in Las Vegas home prices through next year

Las Vegas home prices will fall nearly 13 percent by September and another 6.5 percent a year later in 2012, a research firm estimated today. Fiserv said a large supply of foreclosed properties will continue to contribute to price declines.

3 commercial real estate companies file for bankruptcy

Three affiliated Las Vegas companies filed for Chapter 11 bankruptcy reorganization on Friday to restructure $16.1 million in debt related to commercial real estate developments. The filings were made by ALEC4 LLC, NASDAQ5 LLC and NICK3 LLC.

Judge overturns order, allows 8,900 Nevada foreclosures to resume

A federal judge on Monday overturned an order from a District Court judge, allowing foreclosure proceedings to resume on about 8,900 Nevada homes.

A Bank of America subsidiary can resume work on thousands of foreclosures in Nevada after a federal judge on Monday dissolved a restraining order against the foreclosures statewide issued by a Nye County District Court judge. The Nye County order was overturned Monday by Chief U.S. District Judge for Nevada Roger Hunt. A ruling by Nye County Judge Robert Lane on Jan. 20 had halted work on foreclosures.

Analyst recaps bungled housing predictions of yesteryear

Larry Murphy and other housing analysts have gotten plenty of criticism for their forecasts. Their predictions were wrong about the Las Vegas housing market and how far sales and prices would fall, and they admit that.

Bank of America: Overturn order halting 8,900 Nevada foreclosures

A foreclosed home is shown in the Silverado neighborhood of Las Vegas.

Bank of America says a Nye County judge's order blocking foreclosures throughout Nevada by a subsidiary has halted progress on more than 8,900 foreclosures -- and it wants the order overturned.