Las Vegas Real Estate News

Home sales in Las Vegas slide in 2010

The sale of new single-family homes in Las Vegas in 2010 fell by 4.2 percent from a year earlier to its lowest point since the mid-1980s and existing home sales fell for the first time in three years, according to Home Builders Research.

17 January 2011
By Buck Wargo

Outsiders continue to predict woes for Las Vegas housing

Predictions about the ongoing decline of the local housing market keep coming from outside the state.

17 January 2011
By Buck Wargo

Legal battle heats up between investors, Las Vegas real estate lender

Attorneys have more work to do as legal developments unfold in lawsuits pitting disgruntled investors against Las Vegas real estate financier Jeff Guinn and his company, Aspen Financial Services.

15 January 2011
By Steve Green

10.8 percent of Clark County homes in foreclosure last year

More than 9 percent of Nevada’s households had a foreclosure filing in 2010 as the state held its nation-leading ranking for the fourth consecutive year, despite a drop from 2009, according to statistics released Thursday.

13 January 2011
By Buck Wargo

Economists predict static housing market this year

What the Las Vegas housing market has going is it’s not Cleveland, Kansas City or even Rochester, New York.

13 January 2011
By Buck Wargo

December homes sales increase in Las Vegas as prices drop

Sales of Southern Nevada homes picked up in December but prices fell slightly, according to statistics released today by the Greater Las Vegas Association of Realtors.

12 January 2011
By Buck Wargo

County struggles to balance budget as property tax revenue tanks

County struggles to balance budget as property tax revenue tanks

Anyone who bought property before the boom and kept it has some idea how Clark County leaders feel as they build a budget for the upcoming fiscal year: A key piece of their portfolio — property tax revenue — is worth far less than it was a year ago.

12 January 2011
By Delen Goldberg

Housing experts seek solutions to Nevada's foreclosure woes

The percentage drop in housing prices from the first quarter of 2007 to the first quarter of 2010 was 53.9.

A group of housing experts on Tuesday urged the Nevada Legislature to enact legislation that encourages more short sales and provides more financial protection for homeowners who can’t afford to keep their homes.

11 January 2011
By Buck Wargo

Homebuilder Pulte agrees to pay $475,000 in settlement with Nevada AG

Carpenters Procoro Espejo, left, and Moises Cuevas work on a single-family home for Pulte Homes in Henderson in this 2008 file photo.

Homebuilding giant Pulte Home Corp. has agreed to pay $475,000 and improve its lending practices to settle an investigation of deceptive trade practices by the Nevada Attorney General's Office. In papers filed Friday in Clark County District Court in Las Vegas, Pulte didn't admit wrongdoing but nevertheless agreed to the settlement to close a probe that was launched in 2009.

11 January 2011
By Steve Green

Q&A: Paul Bell

Paul Bell, the 2011 president of the Greater Las Vegas Association of Realtors, says his group will be offering more services to commercial real estate agents as more become members.

Paul Bell wears more than one hat in the real estate industry.

10 January 2011
By Buck Wargo

Mild recovery under way for commercial real estate

Follow the jobs.

10 January 2011
By Buck Wargo

Research firm predicts 6.4 percent drop in home prices this year

A California-based research firm projects Las Vegas home values will slide more than 6 percent in 2011. The report from Clear Capital ranks Las Vegas No. 38 in the nation in home price appreciation, with a projected decline of 6.4 percent.

5 January 2011
By Buck Wargo

Homebuilders, developer spar over Inspirada bankruptcy

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.

Homebuilders that partially own Henderson's stalled Inspirada planned community are firing back against Las Vegas developer John Ritter in the struggle over whether Inspirada should be forced into bankruptcy.

5 January 2011
By Steve Green

Commercial real estate vacancy rate holding steady

The commercial real estate vacancy rate in Las Vegas held steady during the fourth quarter — a sign analysts said signals the worst of the downturn may be over for the retail, office and industrial market.

5 January 2011
By Buck Wargo

Mountain’s Edge accepting donations for Goodwill

If your New Year's resolutions called for some spring cleaning, the Mountain's Edge master homeowners association will be accepting donations for Goodwill at the end of this month.

3 January 2011
By Dylan Scott
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