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Housing

Notices of default jump 128 percent in Nevada

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.

Housing rebounding, but numbers well below peaks

Life is better for local homebuilders these days, but a recent housing forecast shows more room for rebound. Industry experts shared expectations for residential construction at the Las Vegas Housing Outlook, and if their predictions are any indication, Southern Nevada will have a relatively flat new-homes market through 2014.