Las Vegas’ once-huge rate of underwater homeowners keeps improving, but as price-growth slows, the flow of borrowers escaping upside-down status has slowed with it. An estimated 26.4 percent of Southern Nevada homeowners with mortgages were underwater — meaning their debt outweighed their home value — in the fourth quarter last year, according to a new …
As home prices slow, tougher for homeowners to get ‘above water’ Read More »
Nevada’s foreclosure woes worsened last month as lenders seized more homes than in January and filed more default notices, a new report shows. One in every 569 homes statewide received a foreclosure-related filing in February, up 7 percent from January and 12 percent from a year ago, according to RealtyTrac. Nevada’s foreclosure rate was second-highest …
Las Vegas foreclosure filings on the rise, report finds Read More »
When the powerful out-of-state company looked to build a big facility in Nevada, there were high-fives all around. Backers said it would diversify the economy, pump in hundreds of technical jobs, lure other big business and improve the area’s image. The governor met with the CEO and, prodded to do whatever it takes, called a …
Now-vacant banking center at The Lakes once brought hope for Las Vegas economy Read More »
In 1984, executives throughout Southern Nevada supported the possible opening of a Citicorp credit-card processing center in Las Vegas, as well as a special session of the Legislature to pass new laws to bring the company in. Backers urged quick action, saying the facility would improve the area’s image and diversify the casino-heavy economy with …
After the bubble and burst, Las Vegas’ commercial real estate industry is picking up again. Weak spots remain, but mothballed projects are being completed, warehouse construction is on the upswing, the bloated office vacancy rate slowly is improving, investors are buying shopping centers at a fast clip, and land sales are climbing. INDUSTRIAL A decade …
A Canadian real estate executive and his wife bought a penthouse in the opulent One Queensridge Place towers, in what’s reported to be the most lucrative housing deal of the year in Las Vegas. Dean and Marie Hoffman, who already own a condo at the property, recently purchased a 15,691-square-foot penthouse at the two-tower, Summerlin-area …
Summerlin-area penthouse sells for a whopping $7.7 million Read More »
The Scotts in their Las Vegas home. By Eli Segall (contact) Tuesday, March 10, 2015 | 2 a.m. Two women drive to a small Las Vegas retail plaza, get out of their car and peer through the locked doors of real estate firm Goliath Co., trying to catch a glimpse of reality TV stars Scott and …
Real estate in Las Vegas: It makes great television Read More »
Las Vegas used-home prices rose last month, but industry pros are worried by the continued, “troubling” rise in ignored, overpriced listings. The median sales price of single-family homes last month in Southern Nevada was $ 205,000, up 2.5 percent from January and 8 percent from a year ago, according to a new report from the …
Las Vegas trend of homes on market with no offers seen as ‘troubling’ Read More »
House flippers are slowing down in Las Vegas and making less money than investors nationally, but they’re still doing plenty of deals here and booking strong profits, a new report shows. A total of 2,992 single-family homes were flipped in Southern Nevada last year, down 19 percent from 2013, according to RealtyTrac. Flipping accounted for …
Report: House flipping in Las Vegas has scaled back but remains lucrative Read More »
At the base of Las Vegas’ western mountain range, a mansion in the Ridges, one of the wealthiest and most exclusive areas of town, has a movie theater with a 15-foot screen, a fitness room, a 4,600-square-foot guest house and a sleek pool area fit for a boutique hotel. The compound sold for $ 8 …
A tale of two ‘bargains’: One Las Vegas home sold for $8M, the other for $10K Read More »