Las Vegas Real Estate News

Las Vegas home sales dip for second month

Southern Nevada home sales dipped for the second consecutive month as the supply continues to dwindle and foreclosures account for a lower percentage of sales, according to statistics released today by the Greater Las Vegas Association of Realtors.

9 March 2010
By Buck Wargo

Hard-money lenders see an opportunity in Clark County

Hard-money lenders want to capitalize on distress in commercial real estate and the foreclosures that may hit that market.

5 March 2010
By Buck Wargo

January's mortgage delinquency rate surpasses 21 percent

The 90-day mortgage delinquency rate surpassed 21 percent in Las Vegas in January, according to First American CoreLogic.

4 March 2010
By Buck Wargo

Court to weigh amendments to foreclosure mediation program

The Nevada Supreme Court will consider amendments to the rules governing the Nevada Foreclosure Mediation Program at a public hearing at 4 p.m. Tuesday, March 16.

4 March 2010
By Steve Kanigher

Mike Mixer: Managing partner, Colliers International, Las Vegas

Mike Mixer of Colliers International in his Las Vegas office Feb. 9.

Mike Mixer dreamed of riding the waves on his surfboard while owning his own resort.

26 February 2010
By Buck Wargo

Lenders more lax on liquidation

The amount of distressed commercial real estate in Las Vegas is steady and high.

26 February 2010
By Buck Wargo

Investors irked by steep HOA fees tied to foreclosure homes

The unkempt pool of a bank-owned property is shown Jan. 27 in the Ventana Canyon neighborhood of Henderson. Fines for stagnant pools and other violations are becoming controversial.

With the foreclosure rate in Las Vegas leading the nation, investors have swooped in to take advantage of bargain home prices.

26 February 2010
By Buck Wargo

Feds to send $1.3 million to fight Las Vegas foreclosures

WASHINGTON -- The Housing and Urban Development Department and Senate Majority Leader Harry Reid announced today $1.3 million in resources to help Las Vegas and Clark County better tap federal funds to stabilize neighborhoods hard hit by the foreclosure crisis.

25 February 2010
By Las Vegas Sun Staff

Cash deals make up half of Las Vegas home sales

Cash continues to be king when it comes to buying a home in Las Vegas. Research firm MDA DataQuick reported that cash buyers accounted for 50 percent of all home purchases in January, up from 39 percent in January 2009.

24 February 2010
By Buck Wargo

Bank-owned properties account for less than half of existing home sales

Bank-owned properties accounted for fewer than half of the existing sales in January in what analysts said is a greater movement of lenders to approve short sales.

23 February 2010
By Buck Wargo

Report: Las Vegas home prices up, breaking 39-month trend

Las Vegas home prices finally turned positive in December after 39 months of declines as measured by the widely followed Standard & Poor's/Case-Shiller Home Price Indices.

23 February 2010
By Steve Green

Henderson man indicted for alleged foreclosure rescue scams

A 50-year-old Henderson man was indicted today on four felony counts of theft and one felony count of forgery in connection with the operation of DB Financial Services, a foreclosure rescue business located in Henderson.

19 February 2010
By Steve Kanigher

Valley medical office market continues slide

Late-night care: Pediatrician Dr. Sandy Kalm, left, waits for patients Feb. 15 with medical assistant Holly Crofton at the newly opened Good Night Pediatrics in Henderson. The practice is open from 5 p.m. until 5 a.m. every day of the year.

The Southern Nevada medical-office market has been hurt by the recession and the shortage of medical professionals, analysts said.

19 February 2010
By Buck Wargo

Banks limited in recovering losses

Believe it or not, some Nevada homeowners are finding themselves in a better position than many who have lost homes to foreclosure across the country.

19 February 2010
By Buck Wargo

In real estate, Las Vegas sitting pretty for weather-weary seniors

In real estate, Las Vegas sitting pretty for weather-weary seniors

If real estate agents are applauding the historic snowfalls pounding the Midwest and Northeast, little wonder. History tells us that blizzards prompt snow-weary homeowners to move to Las Vegas, and the depressed housing market is making that all the more attractive. With a 60-percent decline in home prices in Las Vegas since 2006, the valley is certainly an attractive option to homebuyers tired of wielding snow shovels.

15 February 2010
By Buck Wargo
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