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Analysis: Is construction-defect law stunting Nevada’s housing marketplace?

Steve Marcus An aerial view of a residential neighborhood in Las Vegas. By Eli Segall (speak to) Friday, Feb. 20, 2015 | two a.m. Las Vegas’ once-battered housing market place has enhanced the previous couple of years but remains riddled with problems, some of which are among the worst in the nation: foreclosures, underwater borrowers, flat …

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Lenders are back to putting squeeze on delinquent Nevada home owners

Following backing off for a while, banks ramped up the stress on delinquent Nevada property owners last month, seizing far more houses and starting the foreclosure procedure on more people, a new report shows. One particular in every 495 houses statewide received a foreclosure-associated filing in January, up 38 percent from December and eight % …

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Las Vegas home market endures sluggish month

Las Vegas’ housing industry started the year with mixed benefits, as prices have been up from a year ago but sales totals dropped. The median sales price of single-family houses in Southern Nevada last month was $ 200,000, down two % from December but up eight percent from a year ago, according to a new …

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Las Vegas ranks high for ‘zombie’ foreclosures

Las Vegas homeowners on the path to foreclosure pack up and leave far more typically than most struggling borrowers about the country, a new report shows. The Las Vegas location has a “zombie” foreclosure rate of 36 percent, which refers to the share of houses in the foreclosure process that are empty but not yet …

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Economist brings national viewpoint to the Las Vegas housing market

Las Vegas, like significantly of the nation, had a wild true estate boom last decade and a massive bust with the recession. But items were more intense in the valley, in excellent times and bad, and these days, other massive differences between Southern Nevada and the rest of the United States remain. Home rates bounced …

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‘Vegas Modern’: Builder adding twist to re-energized luxury-home industry

For years, Las Vegas has been a location where thoughtful architecture goes to die, with cookie-cutter stucco properties, strip malls and mid-rise office buildings blanketing the valley. The luxury-home marketplace is no various, with supersized Tuscan-style mansions stuffed with the very same toys and amenities. Homebuilder Tyler Jones, however, is adding a dash of style …

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2014 not a robust year for Las Vegas homebuilders

Las Vegas homebuilders, soon after bouncing back sturdy from the recession, had a lackluster 2014. Sales volume dropped difficult compared with 2013 and rates had been volatile. And right after ramping up building plans in the initial half of the year, developers pulled back sharply in the second half. Builders sold 611 new homes in …

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Crumbling, off-Strip tower in Las Vegas scheduled for daytime implosion

Stardust. Desert Inn. New Frontier. Dunes. All famed Las Vegas casinos, all imploded in spectacular style. Add a home to this list of dynamite and destruction: Gramercy. It is not a casino, and it is nowhere near the Strip, but the Gramercy’s partially constructed, nine-story residential tower will be laced with explosives and imploded subsequent …

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Investor: L.V. office building purchase ‘an chance we couldn’t pass up’

Actual estate investor Chris Dornin, who buys financially troubled buildings in states slammed by the recession, has inked one more deal in Las Vegas. Dornin lately bought City Centre Location, a six-story, 104,000-square-foot workplace developing downtown, for $ 21.five million from lenders who foreclosed on the home and then sold it by means of Auction.com. …

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