Short sales are making up a larger percentage of distressed home listings in Las Vegas, but banks are still dragging their feet on approval, local real estate agents said.
Housing
CARSON CITY — Her bill wouldn’t help every person behind on home mortgage payments, but Assembly Speaker Barbara Buckley said Tuesday that analyses show it could keep 17,700 Nevada families from losing homes to foreclosure.
Faced with bottom-line competition from foreclosures and short sales, homebuilders in Las Vegas have reduced prices to the point that some are selling for less than $100 a square foot.
Two luxury high-rise condominium projects on opposite ends of Las Vegas Boulevard have run into financial trouble, though both developers remain optimistic about the market’s long-term prospects.
WASHINGTON — Rep. Dina Titus’ first bill in Congress seeks to get out information on how homeowners may qualify for help to reduce their monthly payments and avoid foreclosure.
A five-year legal saga took another small step Tuesday toward its conclusion.
Las Vegas home prices have lost more than half of their value since the peak in 2006, but there are more signs the housing crisis could be reaching the bottom.
CARSON CITY — About 340 lawyers have volunteered to serve as mediators to work with lenders to keep Nevadans from losing their homes to foreclosure, Nevada Chief Justice Jim Hardesty said Monday.
The $100,000 median-priced home — written off as extinct in Las Vegas just a couple of years ago — could return by the end of this year, a local housing analyst said Thursday.
Las Vegas home prices have retreated to 2001 levels, although two-thirds of the homes being sold now are foreclosures, housing analyst Larry Murphy of SalesTraq said Wednesday.
In the sweltering heat last summer, real estate agent Iddo Gavish walked into one of his foreclosed home listings in North Las Vegas and gagged at the stench.
Lenders opened the floodgates by lifting a moratorium on foreclosures in March, resulting in a record number both in Clark County and nationally, a foreclosure expert said Thursday.
In what could be a sign of the times for the high-rise condominium market in Las Vegas, the 41-story Allure tower on Sahara Avenue is selling 10 units at auction Saturday, starting in the $200,000s for a 660-square-foot studio on the 10th floor.
Pulte Homes’ purchase of Centex Homes will help the homebuilder strengthen its local market share and reach a new segment of homebuyers, industry officials said Wednesday.
New York banking giant JP Morgan Chase has opened a loan modification center in Las Vegas, one of 24 across the nation, to help borrowers struggling to make their mortgage payments.
1
2
3
4
5
Death Valley mystery solved: Officials know who knocked over tower
One of Strip’s most famous restaurants closing after nearly 26 years
Those wolves that were seen in Nevada? They weren’t wolves
Oscar De La Hoya selling Henderson mansion
$200K video poker jackpot hits at west Las Vegas Valley casino
LISTEN TO THE TOP FIVE HERE
Sponsored By One Nevada Credit Union