Las Vegas seen as most undervalued home market in U.S.
The only bubbles in Las Vegas are in nightclub champagne.
Housing
The Business Press honors 10 women who mean business
Keeping your business afloat in a tough economy is one thing. Keeping your business afloat in a tough economy while finding time to volunteer at an animal shelter, compete in triathlons, help a child through a kidney transplant or battle cancer? That’s another level of achievement altogether.
U.S. homebuilding surges, construction workers in short supply in several states
The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help — if he could hire enough qualified people.
Survey: Nevada leads U.S. in home price gains
What goes down must come up.
Mortgage defaults decline, but Nevada still ranks high
LOS ANGELES — Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened although Nevada borrowers still rank in the top five for delinquencies.
Report: Las Vegas posts biggest monthly home price rise
WASHINGTON — Residential real-estate prices increased in February by the most since May 2006, and Las Vegas showed the biggest adjusted monthly increase with prices climbing 2 percent.
Couple shells out $3.9 million for unfinished Las Vegas penthouse
It took husband and wife Rob and A.J. Tuttle half an hour to walk around the unfinished penthouse for sale at the top of Panorama Tower II.
New-homes sales rise 1.5 percent in March, fastest clip since 2008
WASHINGTON — U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring buying season.
Attorneys on the homefront: Housing collapse created new kinds of cases
A sluggish economy compounded by legislative and regulatory issues haven’t put a damper on the expectations of attorneys in Las Vegas. Most admit the industry shrank significantly during the recession, but adaptation has allowed many to survive.
Signs point toward housing recovery
WASHINGTON — U.S. housing starts topped the 1 million mark in March for the first time since June 2008. The gain signals continued strength for the housing recovery at the start of the spring buying season.
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Supply isn't meeting demand for buyers seeking houses in Henderson
Often when buying a home, people will scour the Internet hoping to find the perfect house in Henderson.
Sunrise/Whitney offers everything from mansions to manufactured homes
The Las Vegas Valley housing market has been getting a lot of ink in the last few years, and until recently little of it has been positive. The valley was the tip of the spear point for the housing crisis, building up to spectacular highs and dropping just as dramatically. As the valley struggles through recovery, Sunrise and Whitney, with many older and well-established neighborhoods, have their own challenges.
Real estate expert says expect some 'big booms,' 'little busts'
It’s not normal, but it’s normal for now. That was the word Friday on Southern Nevada’s residential real estate market, with a panel of experts at the Las Vegas Housing Outlook telling an audience of sales agents, builders and lenders they can expect more investors and higher prices in the next year.
Nevada joins trend as home foreclosures fall to five-year low nationwide
LOS ANGELES — The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation’s foreclosure crisis is abating amid an improving housing market.
Report: Home prices up, most March sales traditional transactions
You’ve probably forgotten what a normal housing economy looks like.
Plan to have North Las Vegas use eminent domain to seize underwater loans rankles lenders
The company behind a controversial proposal to use eminent domain to seize mortgages has set its sights on North Las Vegas, where a majority of homeowners are eligible to reduce their loan payments through the program.
Valley has 40,481 vacant single-family homes, data show
The 6,000 “zombie foreclosures” are just a subset of the estimated 40,481 vacant single-family homes in the Las Vegas Valley, said Marcus Conklin, associate director of the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas.
Legislation targets Nevada's construction defect law
CARSON CITY — Construction defect laws intended to protect consumers have morphed into a trial lawyer’s dream and a nightmare for Nevada’s building trades, putting many out of business and sending the cost of insurance skyrocketing, representatives of the homebuilding and construction industry said Friday.
U.S. home prices rise; Nevada leads Western states
WASHINGTON — U.S. home prices rose in February by the largest amount in seven years, evidence that the housing recovery strengthened ahead of the all-important spring buying season.
Assembly bill would modify requirement said to delay foreclosures
An Assembly bill submitted in March would modify a controversial requirement that delays real estate lenders from foreclosing on properties secured by a residential loan.
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