Las Vegas Real Estate News

Lied Institute panel to study education’s effect on economy

The Lied Institute for Real Estate Studies has selected education and how it relates to the Southern Nevada economy as its topic for its 2010 round-table discussion.

Foreclosures down, but Nevada still ranks No. 1

Nevada kept its No. 1 national ranking for foreclosure filings for the 43rd consecutive month, but the state and Las Vegas are faring better than a year ago, according to report released late Wednesday.

New communities falling short of their master plans

Families enjoy Exploration Peak Park, the only completed green space at Mountain's Edge. Many marketed amenities have not materialized.

When retiree Peter Bernasconi left New York for Las Vegas, he was drawn to Mountain’s Edge, a master-planned community in the southwest valley that promised a swath of parks and a well-plotted system of roadways.

Home sales, prices fall in Las Vegas in July

Realtors said the expiration of a federal tax credit translated into lower homes sales and prices last month in the Las Vegas market.

The expiration of the federal tax credit to purchase a home has put a damper on the Southern Nevada housing market. The Greater Las Vegas Association of Realtors reported closings of homes in July fell 12 percent from June and were down 21 percent from July 2009.

Economist: Las Vegas home prices to go up slightly in ’11

An economist says Las Vegas could see healthy home-price appreciation in the next five years.

Analysts disagree on falling house prices

Analysts agree that Las Vegas home prices will keep falling, but disagree on how much.

Zoning board OKs changes to Mountain’s Edge park plans

Construction on a 20-acre park at Mountain’s Edge, a master-planned community in the southwest valley, is set to begin within 90 days following the Clark County zoning board’s approval Wednesday of an amended agreement between the county and the developer.

Fewer existing LV homes sell in May, June than in 2009

Sales of existing homes in Las Vegas ended a two-year run of year-to-year increases in May.

Q&A: Richard Plaster, owner of Plaster Development

Richard Plaster says the housing market in Las Vegas has changed and will not return to what it was. Public builders will likely do better in the near future.

If Richard Plaster would have taken a job offered by homebuilder Ralph Lewis in 1973, his future might have turned out different.

Developers submit plans for Mountain's Edge projects

Mountain’s Edge has recently suffered lagging sales during the housing bust that has crippled Las Vegas’ market, but the master-planned community received some rare good news Wednesday when four developers submitted plans for new projects to the Enterprise town board.

Report: Las Vegas existing home prices to continue slide

Las Vegas existing home prices will decline 14 percent by early 2011 and another 4 percent by early 2012, according to a report released today by a Wisconsin research firm.

Las Vegas retains No. 1 ranking in nation for foreclosures

Las Vegas retained its No. 1 national ranking when it comes to foreclosure filings during the first six months of 2010, but the city has shown some improvement compared to the rest of the nation.

Las Vegas golf course taken over by FDIC to go on auction block

A Las Vegas golf course taken over last summer by the Federal Deposit Insurance Corp. when it seized Community Bank of Nevada will be auctioned off to the highest bidder.

Las Vegas home prices fall again

Las Vegas home prices fell again in May and among big U.S. cities, only Detroit's housing market has performed worse than Las Vegas's during the recession.

Focusing on foreclosures

Steve Thompson of Blue Wave Pool Service drains a pool at a foreclosed home in Henderson last week.

Across the valley, local governments are using fines and other tactics to pressure owners and lenders to more quickly repair and sell abandoned houses before they become eyesores.