Las Vegas Real Estate News

Rotten economy hurts Las Vegas’ prospects for 2011

The real estate outlook for Las Vegas in 2011 is dismal from a national perspective and deep-pocketed investors are likely to focus on other markets, according to a New York-based real estate analyst.

19 November 2010
By Buck Wargo

Research firm predicts continued erosion in Las Vegas house prices

Las Vegas home prices are projected to fall 16 percent by next June and another 7 percent in early 2012 before rising by the end of that year, according to a Wisconsin research firm.

18 November 2010
By Buck Wargo

Collection companies lose arbitrator’s HOA ruling

An arbitrator’s ruling siding with investors in their fight with collection companies over delinquent fees they pay for foreclosed homes is likely to curtail any compromise on a pending dispute before a state board.

12 November 2010
By Buck Wargo

High-rise condo sales at CityCenter a mixed bag

A look at the new model condos April 14, 2010, at the Mandarin Oriental Las Vegas at CityCenter.

In a high-rise market hurting for sales, success has been redefined. The closing of high-rise condominiums at CityCenter has beaten expectations, even though it trimmed prices 30 percent a year ago and only one-third of those under contract were completed. Closings have slowed to a trickle in the past two to three months, but MGM Resorts International has no plans to cut prices further to boost transactions.

12 November 2010
By Buck Wargo

Site of proposed high-rise condos, retail space foreclosed upon

A site along the Las Vegas Beltway where a proposed mixed-use condominium development on 44 acres never got built has been foreclosed upon.

11 November 2010
By Buck Wargo

Report: 80 percent of Las Vegas homeowners underwater on mortgage

Las Vegas home values as measured by Zillow fell 4.2 percent in the third quarter and pushed the region’s percentage of underwater properties to 80.2 percent.

11 November 2010
By Buck Wargo

Nevada continues to lead nation in foreclosure filings

Foreclosure filings in Nevada fell in October, led by default notices dropping 17 percent, but the state recorded its first year-over-year increase since September 2009, according to a report released by California-based RealtyTrac.

10 November 2010
By Buck Wargo

Las Vegas home sales, prices slide in October

Homes are shown in Henderson's Montclaire subdivision.

Southern Nevada home sales continued to weaken in October and prices fell as a result, according to a report released today by the Greater Las Vegas Association of Realtors. The 2,599 sales of single-family homes were 7.4 percent lower than September and down nearly 27 percent from October 2009.

10 November 2010
By Buck Wargo

Bank bailout and stimulus: Did they help or hurt LV?

Two economists have two takes in stark contrast of each other on the effectiveness of a government bailout of banks and the $787 billion stimulus package.

5 November 2010
By Buck Wargo

Arbitrator backs investors in dispute over home foreclosure fees

An arbitrator has sided with investors in a battle in which they argue that collection companies are overcharging them for delinquent fees on foreclosure homes.

2 November 2010
By Buck Wargo

Report: Las Vegas housing market saw September slump

On the market: Homes are shown for sale in Sun City Anthem.

The weak economic recovery in Southern Nevada kept buyers on the sidelines in one of the slowest Septembers in recent history for the Las Vegas housing market, according to a California-based research firm.

29 October 2010
By Buck Wargo

Home prices should decline more before rising slightly in 2011, housing analyst says

Las Vegas home prices will end the year deteriorating 3 to 4 percent from 2009, but housing analyst Larry Murphy said prices may appreciate slightly in 2011.

29 October 2010
By Buck Wargo

Commercial real estate’s slide likely at an end

The commercial real estate market led by the office sector appears to have halted its slide and is showing signs of stability that has been lacking over the past couple of years, analysts said.

29 October 2010
By Buck Wargo

Richmond American poised to lead Las Vegas home sales

It’s not college football where teams have bragging rights about the No. 1 ranking, but builders are coming down to the wire to see who gets that satisfaction in Las Vegas.

29 October 2010
By Buck Wargo

Ground to be broken Wednesday on park in Mountain's Edge

Senate Majority Leader Harry Reid and U.S. Rep. Dina Titus are expected to be among attendees at the groundbreaking of Nathaniel Jones Park in the Mountain’s Edge master-planned community.

26 October 2010
By Dylan Scott
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