Las Vegas Real Estate News

Foreclosure fallout: Official says Las Vegas should turn from sprawl

Alan Mallach, a senior fellow at the Brookings Institution in Washington, is shown Monday outside of UNLV's Greenspun Hall.

Alan Mallach is a senior fellow with the Brookings Institution in Washington, and a visiting scholar at the Federal Reserve Bank of Philadelphia who specializes in housing policy and urban planning. He’ll give a free lecture at 5:30 today at Greenspun Hall at UNLV about the long-term effect of the foreclosure crisis in American housing.

26 October 2010

By J. Patrick Coolican

In Nevada, a fight over foreclosure paperwork

Many times a lender’s representative shows up at a home foreclosure mediation hearing with the wrong documents, a homeowners’ lawyer says. Not true, a banking executive counters.

25 October 2010

By Steve Kanigher

UNLV’s Brown thinks Las Vegas is in housing recovery

Positive news has been lacking when it comes Southern Nevada’s economic outlook, with a high jobless rate and tourists not coming to Las Vegas or spending as they have in the past.

22 October 2010

By Buck Wargo

Website lists North Las Vegas as worst city for apartment renters

North Las Vegas is the country’s worst city for apartment renters, according to rankings released by ApartmentRatings.com. North Las Vegas also ranked as the least-safe city in which to rent, the website said.

22 October 2010

By Erin Dostal

County gets $8 million for Mountain’s Edge Regional Park

Clark County announced on Thursday it had secured funding for the first phase of construction on Mountain’s Edge Regional Park in the southwest valley.

21 October 2010

By Dylan Scott

Housing shows signs of stability after end of federal tax credit

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

The sale of new and existing homes in Las Vegas continues to decline compared to 2009, but the market has started to stabilize since a federal tax credit expired. SalesTraq reported the 4,300 existing home closings in September were the most since 4,968 in June, but it was a 15 percent fall compared to September 2009.

19 October 2010

By Buck Wargo

Creditors still trying to recover money from Las Vegas businessman

Thirteen months after he was arrested on suspicion of defrauding investors out of millions of dollars, creditors are still trying to recover money and assets from Las Vegas businessman Jean Marc El Jwaidi. They appear to be having only limited success.

16 October 2010

By Steve Green

Is commercial real estate finally coming back to life?

Analysts are saying the commercial real estate market is showing signs of life despite the weakness in the local economy.

15 October 2010

By Buck Wargo

Owning, operating casinos not first choice of lenders when loans can’t be repaid

It’s a scenario many Las Vegas homeowners can readily identify with: Casinos that owe more than their buildings are worth and can no longer afford their debt payments are facing off with lenders who want to recover as much money as possible on ill-timed loans.

10 October 2010

By Liz Benston

Home sales, prices tumble in September as inventory rises

The sale of homes in Southern Nevada by Realtors continued to tail off in September, and that weaker demand has dropped prices, according to the latest report from the Greater Las Vegas Association of Realtors.

8 October 2010

By Buck Wargo

Developers of Tivoli Village acquire 23 neighboring acres

The developers of one of Las Vegas’s few major commercial projects’ under construction during the recession is doubling down on Southern Nevada’s recovery.

8 October 2010

By Buck Wargo

Housing analyst: Short sales hurting economic recovery

Are short sales bad for the speedy recovery of the Las Vegas housing market?

8 October 2010

By Buck Wargo

Investor suits against real estate lender take different paths

Investor lawsuits filed in 2008 and 2009 against Las Vegas real estate lender Aspen Financial Services -- as well as counterclaims -- are working their way toward separate trials.

8 October 2010

By Steve Green

Obama won't sign bill tied to foreclosures after problems found

The Obama administration said Thursday it won’t sign a bill that could have implications for homeowners in the midst of a nationwide foreclosure crisis.

7 October 2010

By Karoun Demirjian

Commercial market shows gains after months of free-fall

Work continues on Tivoli Village at Queensridge, one of the few retail and office developments under construction in Las Vegas.

The commercial real estate market showed some signs of life in the third quarter. The office vacancy rate in Las Vegas decreased for the first time in seven quarters.