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.
Published News » Real Estate
Las Vegas home sales dip for second month
Posted by admin 9 hours ago (http://www.lasvegassun.com)Hard-money lenders see an opportunity in Clark County
Posted by admin 4 days ago (http://www.lasvegassun.com)
Hard-money lenders want to capitalize on distress in commercial real estate and the foreclosures that may hit that market.
Court to weigh amendments to foreclosure mediation program
Posted by admin 5 days ago (http://www.lasvegassun.com)
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.
January's mortgage delinquincy rate surpasses 21 percent
Posted by admin 5 days ago (http://www.lasvegassun.com)
The 90-day mortgage delinquency rate surpassed 21 percent in Las Vegas in January, according to First American CoreLogic.
Mike Mixer: Managing partner, Colliers International, Las Vegas
Posted by admin 11 days ago (http://www.lasvegassun.com)
Mike Mixer dreamed of riding the waves on his surfboard while owning his own resort.
Lenders more lax on liquidation
Posted by admin 11 days ago (http://www.lasvegassun.com)
The amount of distressed commercial real estate in Las Vegas is steady and high.
Feds to send $1.3 million to fight Las Vegas foreclosures
Posted by admin 12 days ago (http://www.lasvegassun.com)
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.
Cash deals make up half of Las Vegas home sales
Posted by admin 13 days ago (http://www.lasvegassun.com)
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. Investors and second-home buyers comprised 43 percent of the home purchases in January.
Report: Las Vegas home prices up, breaking 39-month trend
Posted by admin 14 days ago (http://www.lasvegassun.com)
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.
Henderson man indicted for alleged foreclosure rescue scams
Posted by admin 18 days ago (http://www.lasvegassun.com)
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.
Valley medical office market continues slide
Posted by admin 18 days ago (http://www.lasvegassun.com)
The Southern Nevada medical-office market has been hurt by the recession and the shortage of medical professionals, analysts said.
In real estate, Las Vegas sitting pretty for weather-weary seniors
Posted by admin 22 days ago (http://www.lasvegassun.com)
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.
Las Vegas home prices, sales slip in January
Posted by admin 25 days ago (http://www.lasvegassun.com)
Home prices in Southern Nevada dipped slightly in January as investors purchased an even greater percentage of homes, according to statistics released this morning by the Greater Las Vegas Association of Realtors.
Nevada starts new year with same ranking: No. 1 in foreclosures
Posted by admin 25 days ago (http://www.lasvegassun.com)
Nevada started 2010 leading the nation in the rate of foreclosure cases again, but lenders scaled back on the amount of filings from a year ago. California-based RealtyTrac reported Nevada had 11,854 foreclosure filings in January and 2,332 homes had been repossessed.
Businesses boost inventories, lifting the economy
Posted by admin 25 days ago (http://www.lasvegassun.com)
Job losses and the time it will take to replace those jobs make this recession hurt more than most, but the American economy will show more signs of recovery in 2010, according to the Mortgage Bankers Association’s chief economist.
Las Vegas lender prevails in class-action lawsuit
Posted by admin 25 days ago (http://www.lasvegassun.com)
Las Vegas “hard money lender” Vestin Mortgage Inc. on Thursday said it prevailed in a class-action lawsuit filed by some shareholders in San Diego.
Analyst: Las Vegas home prices will increase 3 percent this year
Posted by admin 33 days ago (http://www.lasvegassun.com)
A Las Vegas housing analyst said today he expects sales of existing homes in 2010 to mirror those in 2009 and predicts prices will increase by more than 3 percent by the end of the year. Dennis Smith, the president of Home Builders Research, said in a seminar held over the Web that existing home prices will rise by $4,000, or 3.3 percent, from $123,000 at the end of 2009 to $127,000 by the end of
Report: High-rise condos saw biggest drop in value last year
Posted by admin 33 days ago (http://www.lasvegassun.com)
High-rise condominiums depreciated at the fastest rate in 2009, at 44 percent, while the average price decline for residential real estate fell 23 percent, according to a report from SalesTraq.
Average apartment rental rate drops to four-year low
Posted by admin 34 days ago (http://www.lasvegassun.com)
The average rents requested by Las Vegas apartment complexes in the fourth quarter fell by $71 a month to a four-year low, a research firm reported.
Investors, cash buyers become larger part of housing market
Posted by admin 34 days ago (http://www.lasvegassun.com)
Sales of new and existing homes priced below $200,000 comprised 77 percent of transactions in Las Vegas in December as investors remain an integral part of the market, a real estate information firm reported.
HUD boosts staff in Las Vegas to handle foreclosures
Posted by admin 36 days ago (http://www.lasvegassun.com)
WASHINGTON -- The HUD secretary said today he is dispatching a foreclosure rapid-response team to Las Vegas and plans to add a total of eight new members to its Clark County office to deal with the housing crisis.
Q&A: Ken Lowman, broker-owner, Luxury Homes of Las Vegas
Posted by admin 39 days ago (http://www.lasvegassun.com)
Ken Lowman knows how to engineer his way around a problem. The 45-year-old broker-owner of Luxury Homes of Las Vegas, an electrical engineering graduate from Oregon State University, became interested in real estate while in Southern California.
Short sales soar while foreclosure sales slacken
Posted by admin 39 days ago (http://www.lasvegassun.com)
Las Vegas and the state may be changing from the nation’s foreclosure capital to a housing market dominated by short sales.
At what cost property value?
Posted by admin 40 days ago (http://www.lasvegassun.com)
Depending on who is doing the talking, investors buying foreclosed homes in the Las Vegas area are either being gouged by greedy homeowners associations or are contributing to neighborhood decay by failing to maintain their newly purchased properties. Those charges flew Wednesday as news circulated that investment groups had filed class action lawsuits in Las Vegas claiming they are being overcha
Las Vegas leads nation in foreclosures for 2009
Posted by admin 40 days ago (http://www.lasvegassun.com)
Las Vegas led the nation in foreclosure filings in 2009, according to a California firm that tracks the housing market.Las Vegas has routinely ranked in the top five metropolitan areas in foreclosures on a monthly basis, but this is the first time it had secured the top spot for a whole year.
Report: Fall in Las Vegas home prices reaches 39 months
Posted by admin 42 days ago (http://www.lasvegassun.com)
Las Vegas home prices as tracked in a monthly nationwide report fell in November for the 39th consecutive month. Prices are down 55.6 percent from their peak, Standard & Poor's said.
Nicolas Cage’s foreclosed Las Vegas home sells for $4.95 million
Posted by admin 43 days ago (http://www.lasvegassun.com)
Actor Nicolas Cage’s financial troubles have become someone else’s gain. A Las Vegas real estate company reported today that it sold Cage’s foreclosed, bank-owned home for about $3.5 million less than what the star bought it for in 2006.
Harry Reid’s boost for Fed chief Ben Bernanke's renomination has a catch
Posted by admin 43 days ago (http://www.lasvegassun.com)
Ben Bernanke met with Sen. Leader Harry Reid last week in the Nevadan’s office as the days were counting down before Bernanke’s term would expire. The meeting ended with a glaring omission: No announcement of Reid’s support for Bernanke’s confirmation. A day later Reid announced that he had an agreement from Bernanke to take steps that will help Nevada and the nation — and Bernanke had the majori
Federal funding freeze-out debated
Posted by admin 45 days ago (http://www.lasvegassun.com)
The Housing and Urban Development Department awarded $2 billion in federal stimulus money last week to help communities deal with foreclosures. Southern Nevada came up empty-handed.
Foreclosures hit ZIP code 89031 the hardest
Posted by admin 46 days ago (http://www.lasvegassun.com)
The North Las Vegas ZIP code that includes the Eldorado residential development led the valley in foreclosures in 2009, according to statistics released by SalesTraq.
Sort News
Pligg is an open source content management system that lets you easily create your own social network.