Nevada’s housing market is about average these days, and observers say that’s just fine.
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The Nevada Supreme Court on Thursday ruled that a super priority lien held by a homeowners association can extinguish a first deed of trust on a property, a decision that will create a windfall for some real estate investors in Las Vegas who picked up properties for pennies on the dollar.
A new federal rule could keep thousands of local buyers out of the housing market longer than they expected.
The latest local housing numbers show an ongoing struggle with prepping home sites for development.
An eight-unit apartment complex is being renovated along the East Fremont downtown corridor, and Zappos CEO/Downtown Project guru Tony Hsieh is not behind the rehab job.
Investors are flipping fewer homes in Nevada, but quick sales for profit in the state remain well above national norms.
Lenders filed 1,037 notices of default to start foreclosure proceedings in July, up 128 percent from July 2013, RealtyTrac reported. It’s the highest number of starts since October, when the state’s Homeowners Bill of Rights took effect and put new restrictions on banks looking to foreclose.
A big real estate auction could soon test the local development industry’s recovery.
Developers of Henderson’s Inspirada relaunched a master plan on Aug. 2 and rolled out a sales blitz featuring nine fresh communities with 16 new home designs.
The median price of a single-family home hit $200,000 in the month for its highest level since August 2008, when it marked $210,000, the Greater Las Vegas Association of Realtors reported Thursday.
It’s like 2006 all over again — with a few twists.
Nevada couldn’t escape its foreclosure quagmire in the first half of 2014.
Mortgage buyer Freddie Mac said Thursday that the nationwide average rate for a 30-year loan rose to 4.15 percent from 4.12 percent last week. The average for the 15-year mortgage increased to 3.24 percent from 3.22 percent.
Nevada’s housing market closed out the first half of 2014 with steady gains. Monday numbers from the Greater Las Vegas Association of Realtors showed continued increases in median prices.
The Nevada Supreme Court has rejected a request for class action status for claims of damaged stucco from faulty construction by Del Webb Communities involving nearly 1,000 Sun City Summerlin residents.
It’s the big question on the lips of jumpy locals still snakebitten by a nation-leading housing bust. Have we recovered so quickly that we’ve created another bubble?
The state had 1,942 owner-vacated foreclosures — or “zombie” foreclosures — in the second quarter, according to Wednesday numbers from California housing research firm RealtyTrac.
Sales of U.S. existing homes up 4.9 percent in May
The Howard Hughes Corp., in a joint-venture with Discovery Land Co. of Scottsdale, Ariz., will build about 250 homes on large lots in what is expected to be the most expensive luxury development in the Las Vegas Valley.
The Greater Las Vegas Association of Realtors reported Monday that the median sale price of a single-family home in the Las Vegas Valley hit $195,000 in May, returning to where it was in March after dropping to $192,000 in April.
Nevada remained a high-foreclosure market despite a May surge in defaults in other states, a Monday report said.
In another recovery milestone, a new master plan is set to get underway in northwest Las Vegas. Skye Canyon was scheduled to hold its groundbreaking on June 5, making it Southern Nevada’s first big, new residential development to get underway since the recession.
Taxpayers are still helping prop up North Las Vegas’ Buena Vista Springs senior apartment complex, some five months after tenants called for a rent strike and nearly a month after politicians labeled the oft-maligned complex’s owner a “slumlord.”
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