Las Vegas Real Estate News

Wells Fargo hosting workshop for struggling homeowners

Ethan Legaspi asks questions of Wells Fargo home retention specialist Guy Lunda, right, while seeking mortgage assistance at the Wells Fargo free Homeownership Preservation Workshop Friday, July 9, at the Hilton Convention Center.

Hundreds of Las Vegas residents may be getting some relief on their mortgage payments this week. Wells Fargo is hosting a workshop to help its customers through their financial hardships and avoid home foreclosures.

9 July 2010
By Buck Wargo

Grubb & Ellis plans to expand its affiliate in Las Vegas

A national brokerage firm is strengthening its presence in Las Vegas despite the slowdown in the commercial real estate industry.

9 July 2010
By Buck Wargo

Analysts write off Las Vegas commercial market for 2010

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

You know the news can’t be good when analysts are saying it could be worse. That sums up the commercial real estate market in Las Vegas these days.

9 July 2010
By Buck Wargo

Las Vegas home sales increase as prices fall in June

Southern Nevada home sales picked up in June, but prices dipped slightly, according to a report released today by the Greater Las Vegas Association of Realtors.

8 July 2010
By Buck Wargo

Land plans signal growth in Summerlin

The owner of Summerlin has disclosed plans to sell hundreds of lots to homebuilders in a sign that the residential building industry is preparing for growth in the master-planned community.

5 July 2010
By Steve Green

Survey says Vegas is No. 5, an analysis finds a few holes

A survey by Chief Executive magazine touted how Nevada is ranked No. 5 in the nation when it comes to doing business in the U.S.

2 July 2010
By Buck Wargo

Report: Las Vegas home price increase lags other cities

Las Vegas home prices edged up in April as measured by the closely followed Standard & Poor's/Case-Shiller Home Price Indices.

29 June 2010
By Steve Green

Real estate executive's death ruled suicide

A Las Vegas real estate executive was found dead in his garage Thursday of a self-inflicted gunshot wound to the chest, according to the Clark County Coroner’s Office. David Richard Lewis, 36, of The Lewis Group of Companies, was found at his Summerlin home Thursday.

25 June 2010
By Tiffany Gibson

Excess housing threatens economic recovery in LV

The Nevada housing market faces more challenges, and prices should stay at their existing level for about three more years, according to UNLV economists.

25 June 2010
By Buck Wargo

Homeowners invited to free workshop on loan modifications

Wells Fargo and subsidiary Wachovia said today that thousands of Southern Nevada homeowners have been invited to attend a free workshop to explore loan modifications for those homeowners in financial difficulty.

24 June 2010
By Las Vegas Sun Staff

Tax credit offers no boost to Las Vegas home sales, prices

Home prices appear to have stabilized in the Las Vegas Valley in recent months.

A last-minute jump in home sales expected by people taking advantage of a federal tax credit that expired April 30 hasn’t materialized so far, according to the latest statistics. SalesTraq reported Tuesday that existing home closings in Las Vegas in May fell to 4,186, down from 4,323 in April and 1.6 percent below sales levels of May 2009. The National Association of Realtors reported Tuesday that May’s sales fell 2.2 percent from April.

22 June 2010
By Buck Wargo

Renting is new savior for high-rise condos

One Las Vegas is among several high-rise condo projects where units are being rented. Developers turned to renting the units because of weak sales in the recession.

Faced with more than 5,000 empty high-rise condominiums in Las Vegas and buyers staying on the sidelines in the weak economy, developers are turning to the rental market.

18 June 2010
By Buck Wargo

Real estate agents among 123 accused in mortgage fraud probe

IRS Criminal Investigation Special Agent in Charge Paul Camacho briefs the media on a nationwide sweep that targeted mortgage fraud across the country Thursday, June 17, 2010. The operation has resulted in 123 people in Southern Nevada being charged, convicted or sentenced in connection with the probe.

A nationwide sweep that targeted mortgage fraud across the country has resulted in 123 people in Southern Nevada being charged, convicted or sentenced in connection with the probe.

17 June 2010
By Kyle B. Hansen

State presents spending plan to stabilize housing market

Nevada has developed a plan to spend $102.8 million in federal funds to help stabilize the market for troubled homeowners.

11 June 2010
By Buck Wargo

Out with the old and in with the green retrofit

Former President Bill Clinton speaks during an event to announce the first Leadership in Energy & Environmental Design gold certified retrofit of a building at 302 E. Carson Ave.

Eighteen months ago, no one could have predicted the fanfare and national attention for a rundown 46-year-old, 11-story office tower in downtown Las Vegas that was 20 percent occupied.

11 June 2010
By Buck Wargo
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