Las Vegas Real Estate News

Record number of property tax assessment appeals filed this year

Property owners filed a record number of property tax assessment appeals this year, county officials said Thursday. The number of appeals filed was up 13.8 percent compared to last year — 9,450 appeals compared to 8,302 in 2010, officials said.

Las Vegas records nation's highest rate of foreclosures in 2010

Just like the state of Nevada, Las Vegas led the way among cities for its rate of foreclosures in 2010, a California research firm reported.

Bank of America seeks to overturn freeze on foreclosures

Attorneys for Bank of America moved Tuesday to overturn a court ruling from Nye County blocking foreclosures statewide by Bank of America subsidiary ReconTrust Company N.A.

In Nevada, 23 percent who lost homes to foreclosure could afford payments

Foreclosure territory: Housing sprawls across the Las Vegas Valley. A study found that Southern Nevada is particularly susceptible to homeowners walking away from their mortgage responsibilities.

Nearly one in four people in Nevada who lost their homes to foreclosure have admitting to walking away even though they could afford their monthly payments, according to a study released today by the Nevada Association of Realtors.

S&P report shows Las Vegas home prices hit new lows amid recession

After bouncing up and down in recent months, Las Vegas-area home prices in November slid to a new low during this recession.

Summerlin adds new homes in two neighborhoods

The Howard Hughes Corporation is continuing to build out its Las Vegas Valley properties in the Summerlin master-planned community following a split late last year from its former parent company.

Las Vegas tops list of best cities to buy a home vs. rent, report says

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

Las Vegas ranks among the top cities where buying a home is more affordable than renting, according to a report today from Trulia.com.

Las Vegas industrial real estate expected to see recovery, firm says

A Philadelphia-based economic research firm is optimistic about the Las Vegas economy’s recovery.

Las Vegas attorney: Bank of America deceived him over loan modification

Bank of America faces another lawsuit in Las Vegas alleging it deceived a homeowner about a loan modification -- the homeowner in this case being prominent Las Vegas attorney Matthew Callister.

Planning Commission nixes plan for Henderson gas station

The Henderson Planning Commission unanimously denied an application for an Arco gas station to be built at the corner of Whitney Ranch Drive and Sunset Road during its monthly meeting Thursday night.

To walk or not to walk: Underwater homeowners face moral dilemma

To walk or not to walk: Underwater homeowners face moral dilemma

Mine is a nice house. Big enough for a family and all of its furniture and clothing and toys and books and papers and dogs and more books and miscellaneous junk and even a cat.

Extension granted to start construction of Lake Las Vegas development

The Henderson Planning Commission unanimously granted a two-year extension to start construction at the Della Montagna development at Lake Las Vegas during its monthly meeting Thursday night.

Construction industry: Raise taxes for job growth

The Nevada construction industry is urging state lawmakers to increase tax revenue and stop raiding existing funds to better finance infrastructure projects and create 100,000 jobs.

Analyst: Price of existing Las Vegas homes won't increase for 5 years

A Las Vegas housing analyst said today the new home industry should expect a tepid recovery over the next five years and predicted existing home prices won’t improve for about five to six years.

Business bankruptcy filings continue to pile up in valley

The Las Vegas commercial real estate market remains troubled as the recession persists locally — and that’s reflected in three new bankruptcy filings in 2011. Among the latest to file for bankruptcy was Vegas Tomatoes Inc., which filed for Chapter 7 liquidation on Jan. 12 in U.S. Bankruptcy Court for Nevada.