Las Vegas Real Estate News

Economic diversification to be looked at from all sides

With Las Vegas’ economy among the worst in the world and studies urging more be done to help future growth, the state’s political leaders are holding a conference before the Nevada Legislature convenes to discuss diversifying the economy.

3 January 2011
By Buck Wargo

Experts say housing recovery appears years away

Experts say housing recovery appears years away

Las Vegas has been stricken by an unfathomable number of home foreclosures. Most of the surviving homeowners owe more on their homes than they’re worth in today’s marketplace.

2 January 2011
By Buck Wargo

Living like a local on Las Vegas Boulevard

Jason Matecki spent $250,000 remodeling his Mandarin Oriental condominium. It's a quick getaway from his California home.

Jason Matecki is one of those wealthy people who developers counted on during the boom years to buy condos on the Strip. Then the economy busted, real estate investors soured on Las Vegas, and developers scrapped plans.

30 December 2010
By Liz Benston

Report on home prices a mixed bag for Las Vegas

The Standard & Poor's credit rating company is out with another good-news, bad-news report on the Las Vegas housing market.

28 December 2010
By Steve Green

Bankruptcy threat fuels internal disputes among Inspirada investors

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.

With lenders pushing Henderson's Inspirada planned community into bankruptcy, internal disputes are heating up among Inspirada's investors.

23 December 2010
By Steve Green

Housing market continues slide in Las Vegas

Las Vegas’ housing market deteriorated more in November with no signs of improving in the near future, analysts said. November existing- and new-home sales fell 23 percent from November 2009 and dipped more than expected (7 percent) from October’s sales, according to a report.

21 December 2010
By Buck Wargo

Twain files for Chapter 11 to block foreclosure sale

A Las Vegas apartment and condominium complex filed for Chapter 11 bankruptcy reorganization last week to block a foreclosure sale planned by City National Bank.

20 December 2010
By Steve Green

Another lawsuit filed over HOA debt collection fees

Another lawsuit was filed Friday in the ongoing battle over fees Las Vegas-area collection companies charge to homeowners — and investors in foreclosed properties — over debts to their homeowner associations.

18 December 2010
By Steve Green

Nevada AG sues Bank of America for home loan, foreclosure practices

The Nevada Attorney General's office sued Bank of America Friday morning for allegedly deceiving homeowners through its residential loan modification and foreclosure practices.

17 December 2010
By Steve Kanigher

Southern Nevada’s golf courses are hitting the green

The recession and real estate downturn have taken a toll on golf courses, but the Las Vegas Valley had its first sale since 2007 and more is on the way, according to a local broker.

17 December 2010
By Buck Wargo

November foreclosures show big drop from previous month

Foreclosure filings in Las Vegas and the rest of Nevada dropped significantly in November but continue to outpace the same month last year by more than 20 percent.

15 December 2010
By Buck Wargo

Judge blocks Cosmopolitan from renting out condo units

The Cosmopolitan of Las Vegas Monday, December 13, 2010.

A judge ordered the Cosmopolitan not to rent out as hotel rooms about 150 units that are the subject of litigation between the resort and would-be condominium buyers.

14 December 2010
By Steve Green

Stimulus money is financing state senator’s housing project

In 2004, Mike Schneider, a state senator with a long career in real estate development, began purchasing land in west Henderson. He paid $885,000 for the first parcel and two years later bought a second.

14 December 2010
By Anjeanette Damon

Lenders file bankruptcy petition against Inspirada developers

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

Lenders including filed an involuntary bankruptcy petition Thursday against the developers of Henderson's big Inspirada planned community, citing defaults under a $585 million credit agreement.

10 December 2010
By Steve Green

Foreclosed homes a bane to neighbors in Las Vegas Valley communities

Just how toxic are foreclosures to those homeowners who pay their mortgages?

10 December 2010
By Buck Wargo
« Older Newer »