Las Vegas
June 5, 2012
While development remains fairly moribund in the rest of the Las Vegas valley, there's suddenly
a diverse array of projects in various states of planning and completion downtown.
Here are just a few --
The Econo Lodge at 1150 Las Vegas Blvd. south is being sold to a non-profit group …
View More
June 4, 2012
A pilot program launched Friday in Nevada aims to help struggling homeowners reduce loan amounts and refinance if they are current on their mortgage payments but owe more than their homes are worth.
There are thousands of such Homeowners in Las Vegas, Henderson and Clark County.
Under the program announced by …
View More
June 2, 2012
In Las Vegas and Henderson, short sales are catching up with foreclosures. Nearly 30 percent
of existing home sales in April were short sales compared with 25% in March reported the Vegas Association of Realtors.
Meanwhile, bank-owned home sales declined 36.9% in April, down from 40.7% in March.
The …
View More
May 30, 2012
Prices, however, were unchanged in Las Vegas. The increase is the latest evidence of a slow recovery
taking place in the housing market.
The Standard & Poor's/Case-Shiller home price index shows that prices rose in 12 of the 20 cities tracked.
Three of the weakest markets showed signs …
View More
May 25, 2012
Median prices have risen and are expected to inch up over the next few months.
347 sales in April are a 34.7 percent increase from the same month a year ago, according to Home Builders Research.
Builders are seeing more traffic through new home sub-divisions as resale inventory has tightened, a …
View More
May 24, 2012
Chief Economist predicts the U.S. domestic product growth of 2 to 2.5 percent for the year. Overall, he
remains cautious about middle-class consumer spending, and expects the problems in the housing market to remain for some time.
"There is no easy way out for the housing market, especially in …
View More
May 23, 2012
Americans bought more previously owned homes in April, a hopeful sign that the housing market is
gradually improving.
The National Association of Realtors said that home sales rose 3.4 percent last month to a seasonally
adjusted annual rate of 4.62 million. Home sales have rebounded after falling in …
View More
May 19, 2012
A couple of forward-looking indicators for the construction industry are showing rough times
ahead, which means that Las Vegas and Henderson won't see any of the 60,000 lost construction jobs coming back soon.
The backlog of projects on the books for contractors nationwide declined 5.4 percent in …
View More
May 17, 2012
Builders broke ground on more new homes than anticipated in April, indicating the residential real
estate industry is stabilizing.
Starts rose 2.6 percent to a 717,000 annual rate from March's revised 699,000 pace, which was stronger
than previously reported, the Commerce Dept. reported Wednesday.
The median …
View More
May 16, 2012
Foreclosure starts continued to decline in Nevada and other Western states in April, offsetting small
gains in new foreclosure filings from the previous month, ForeclosureRadar.com reported.
In Clark County, notices of default filings - the initial step in the foreclosure process - fell nearly
30 percent in April to 962, foreclosure …
View More