Las Vegas Real Estate News

Investors swoop in again, but do they bring a stigma?

Real estate investor Mike Lathigee, shown Wednesday in front of a home he bought near Durango Drive and U.S. 95, says investors are often criticized for making money even though they are improving neighborhoods by fixing up and renting homes that would otherwise sit vacant.

Investors are increasing their share of the Las Vegas Valley housing market, renewing the debate about whether that’s good or bad news. Absentee buyers — primarily investors and some second-home buyers from out of state — purchased 45 percent of homes sold in Las Vegas in February, up from 43 percent in January.

1 April 2010
By Buck Wargo

Report: After increase, home prices dropped in January

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

Las Vegas-area home prices retreated in January as measured by the influential Standard & Poor's Case-Shiller Home Price Indices issued today. After rising 0.2 percent on a month-to-month basis in December, prices in Las Vegas fell 0.5 percent in January, Standard & Poor's said today in its report. That compares to a monthly decline of 0.4 percent in prices among the 20 big U.S. cities analyzed monthly.

30 March 2010
By Steve Green

Decreased discretionary spending hurts restaurants

The recession has taken a toll on a lot of retailers, many having closed their doors. Restaurants in Southern Nevada haven’t been immune and are going out of business in greater numbers.

26 March 2010
By Buck Wargo

Regulators propose cap on HOA collection fees

A commission with the authority to regulate collection fees that homeowners associations charge is mulling a cap to prevent collection companies from gouging homebuyers.

25 March 2010
By Buck Wargo

North Las Vegas gets $677,700 to fight foreclosures

North Las Vegas announced this week that it received $677,700 under the American Recovery and Reinvestment Act to help families facing foreclosure.

24 March 2010
By Erin Dostal

Taxicab Authority delays decision on credit, debit card transactions

The Nevada Taxicab Authority has delayed a decision on a proposal from a group of taxi companies that would have enabled them to accept credit card and debit card transactions for rides in their cabs.

23 March 2010
By Richard N. Velotta

Development in valley is on horizon — just not yet

The office vacancy rate may be approaching 25 percent and rental rates are dropping in Las Vegas, but Rick Myers said the construction industry shouldn’t be discouraged about the prospect of building projects.

19 March 2010
By Buck Wargo

Las Vegas apartment market still in grip of recession

Move-in specials and deals on amenities, such as these at the Mountain Vista apartment complex, are among enticements being advertised to attract Las Vegas Valley renters. High unemployment and stagnant growth have reduced the demand for apartments.

Nevada is not only at the top of the list in home foreclosures. The state also leads the nation in the percentage of delinquent loans for apartment complexes.

16 March 2010
By Buck Wargo

Casino's closure brings mixed outlooks on Lake Las Vegas

The floor of Casino MonteLago sits mostly empty on its final afternoon on Sunday. The casino's closure is a result of the Ritz-Carlton's announcement that it will close May 2.

The cheerful Irish music piped through the shops at Lake Las Vegas belied the gloom inside Casino MonteLago, which was set to close at midnight Sunday. More than 170 people were expected to lose their jobs as a result of the closure.

15 March 2010
By Erin Dostal

Las Vegans in danger of losing homes look for help

With Las Vegas leading the nation in foreclosures, it is not only people who have lost their jobs who are in danger of losing their homes; just ask Peter and Jean Girard. They are suffering and worry about what is next.

13 March 2010
By Kyle B. Hansen

Real estate brokerage, agent accused of Fair Housing Act violation

A Las Vegas real estate brokerage and an agent there have been sued by a federal agency, which alleges violations of the Fair Housing Act.

12 March 2010
By Steve Green

HOAs suffer during recession

Foreclosures are taking a toll on some Las Vegas homeowner associations, some of which are closing pools and deferring maintenance as they deal with a drop in revenue.

12 March 2010
By Buck Wargo

Apartment owners face tough circumstances

Nevada is not only at the top of the list when it comes to home foreclosures — the state leads the nation in the percentage of delinquent loans for apartment complexes.

12 March 2010
By Buck Wargo

February home foreclosures fall sharply in Nevada

Nationwide, the number of foreclosures filed in February rose 6 percent compared to February 2009, but Nevada bucked that trend with foreclosure filings down 30 percent, according to California-based RealtyTrac.

10 March 2010
By Buck Wargo

Dina Titus to host workshop for those facing foreclosure

Rep. Dina Titus is hosting a housing workshop Saturday at Centennial High School, 10200 W. Centennial Parkway, for homeowners who are facing foreclosure.

10 March 2010
By Kyle B. Hansen
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