The number of residential mortgage loans in Nevada that are either delinquent or in foreclosure reached 18 percent in the fourth quarter of last year, second only to Florida’s 20 percent rate, the Mortgage Bankers Association reported Thursday.
Housing
A chorus of almost 6,000 property owners have chanted the same mantra all month: Lower our taxes.
Home prices will decline another 5 percent to 10 percent in Las Vegas this year, but sales volume will turn around in 2010 and structural demand for 23,500 new homes will be reached by 2011, a real estate analyst said Wednesday.
Las Vegas will lead the nation’s housing market recovery, probably starting in the second half of the year, the chief economist for the National Association of Realtors said Monday.
CARSON CITY — A conservative watchdog organization contended Monday that Assembly Speaker Barbara Buckley’s bill to reduce foreclosures will lead to lenders charging higher interest rates, pricing more people out of homes.
There was a time a few years ago when you could throw a dart at a ZIP code map of the Las Vegas Valley and be guaranteed to hit an area where home values are going up.
NEW YORK — Banks got bailed out. So did automakers. So why not struggling homeowners?
The housing market is so down in Las Vegas, it’s got the analysts depressed.
Nevada business and political leaders like some aspects of President Barack Obama’s $75 billion home loan plan although some question whether the administration is spending enough to help right the housing market.
Las Vegas home foreclosures declined 20 percent in January to 2,609 from 3,283 the previous month, online source Foreclosures.com reported Friday.
WASHINGTON — The biggest players in the mortgage industry are halting home foreclosures while the Obama administration develops its plan to help struggling homeowners.
Las Vegas businessman Robert McKenzie is taking a message of common sense to Washington, D.C., where lawmakers are crafting legislation to help homeowners facing foreclosure.
CARSON CITY — Conservative Republicans, banks and almost everyone else expressed tentative support Wednesday for Assembly Speaker Barbara Buckley’s bill to lessen the foreclosure crisis in Nevada.
After showing improvement in December, the Las Vegas housing market relapsed in January with a drop in sales and a steeper slide in prices.
CARSON CITY — Assembly Speaker Barbara Buckley introduced a bill Monday that she estimates could reduce the number of foreclosures of owner-occupied homes in Nevada by about 12,970.
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