Housing
When American West Development Inc. touted its price promise as an antidote to plunging home sales four years ago, it pushed first-time buyers Chris and Tammy Bryant into starring roles in its promotions.
Las Vegas is now a city of renters, though it’s far less expensive to buy a home here than to rent one. From a peak of 64 percent in 2000, as measured by the U.S. census, Las Vegas Valley home ownership is now at 48 percent — and will continue to fall.
U.S. Rep. Joe Heck’s congressional office recently helped a senior couple refinance their mortgage. Working with their bank, the pair got a 30-year, fixed-rate loan that dropped their monthly payments from more than $900 to $500, he said Thursday.
Real estate investor Stephen Siegel said the move to impose a receiver on three of his Las Vegas suite properties has been settled on undisclosed terms.
When Pardee Homes built its first house in Las Vegas, nobody had heard of Elvis and you could talk to Howard Hughes without a Ouija board.
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