Las Vegas Real Estate News

Retired justice O’Connor backing judicial merit initiative

Retired U.S. Supreme Court Justice Sandra Day O’Connor said going to a judicial merit selection system is good for business and has enjoyed strong support from the private sector across the country.

1 October 2010

By Buck Wargo

Lenders gaining speed in going after commercial foreclosures

A California-based investment company sought bids for the Stephanie Beltway Plaza near Interstate 215 in Henderson taken back in a foreclosure.

Lenders are picking up the pace of foreclosing on commercial properties in Las Vegas in a move that could further reset prices and prompt rents to fall even further, analysts said.

1 October 2010

By Buck Wargo

Nevada to get $57 million to help avoid foreclosures

Nevada is set to receive an additional $57 million from the “Hardest Hit” fund – federal money to help homeowners avoid foreclosure.

29 September 2010

By Erin Dostal

Report: Despite increases nationally, Las Vegas home prices continue slide

Las Vegas often leads the nation in home price declines as measured by the widely-followed Standard & Poor's S&P/Case-Shiller Home Price Indices.

28 September 2010

By Steve Green

Real estate partners push to preserve valley’s historic homes

A view of the Castle Rancho in Rancho Circle Wednesday, August 25, 2010. The home was originally made to look like a castle by the owners of the Coin Castle Casino but in later years the home fell into disrepair. Recently the home is currently being restored, expanded and modernized.

When real estate agent Glenn Robertson first stepped into this once-famous home on Alta Drive in Las Vegas, it was riddled with problems. The kitchen ceiling had collapsed, birds had taken up residence in the abandoned 6,400-square-foot home and rainwater dripped onto the floor.

27 September 2010

By Dylan Scott

Trend is toward smaller, more efficient homes

Homes in Henderson's Montclaire subdivision are among the valley's minimansions. Homes are being built smaller since the recession hit.

Andrew and Lindsey Patterson had their pick of the litter when shopping for a new home after moving from Chicago to Las Vegas in 2009.

25 September 2010

By Dylan Scott

Home-buyer satisfaction up, J.D. Power survey shows

The housing industry’s slowdown and the need to woo customers have resulted in higher home-buyer satisfaction ratings.

24 September 2010

By Buck Wargo

Planned interchange gets mixed reviews from neighbors

The Nevada Department of Transportation’s plans to eventually build a Starr Avenue interchange on Interstate 15 in the southern valley got mixed reactions from residents on Tuesday.

22 September 2010

By Kyle B. Hansen

With tax credit expired, Las Vegas housing market cooling off

The Las Vegas housing market is showing signs that it’s tailing off with the expiration of a federal tax credit.

21 September 2010

By Buck Wargo

Number of foreclosures in Nevada continues to drop

Even though the number of homewowners behind on their mortgage payments continues to rise, Las Vegas and the rest of Nevada had fewer foreclosures in August, a research firm reported on Wednesday.

15 September 2010

By Buck Wargo

Some home prices come up as ZIPs with largest declines see rebound

In some parts of the Las Vegas Valley, home prices have recently gone up — by double digits. And even where prices went down from the second quarter of last year to the same quarter this year, it was mostly in higher-end subdivisions where prices had dropped the least in the past two years.

14 September 2010

By Buck Wargo

HUD secretary says Las Vegas housing market stabilizing

The Las Vegas housing market remains vulnerable because of the weakness in the economy, but it has shown signs that it’s starting to stabilize, according to U.S. Department of Housing and Urban Development Secretary Shaun Donovan.

11 September 2010

By Buck Wargo

Life Time Fitness resumes construction in Summerlin

Life Time Fitness has 90 facilities in 19 states and typically charges from $49.95 to $119.95 a month. It has resumed construction on its facility in Summerlin.

Although many developers have opted to remain on the sidelines, a Minnesota-based health club company is sounding an optimistic note about the Las Vegas economy.

10 September 2010

By Buck Wargo

Tough times hurting brokerages

Jason Brooks of Gatski Commercial Services and Michael Hawks of First Federal Realty DeSimone Commercial Sales show Douglass Decries, right, of Eye Care Associates of Nevada available medical offices for lease on Pecos Road.

Residential and commercial real estate brokerages are hanging tough and vying for every piece of business as they struggle with the Southern Nevada recession.

10 September 2010

By Buck Wargo

Home sales in Las Vegas fall in August

Home sales in the Las Vegas Valley have fallen after the expiration of a federal tax credit for homebuyers.

The expiration of a federal tax credit for homebuyers continues to dampen sales in Southern Nevada. GLVAR President Rick Shelton called the expiration of the tax credit a “major contributor’’ to the decline.