Two years of recovery in the local housing market won’t keep Southern Nevada’s new-homes segment from underperforming in 2014. And local housing and economic experts believe that the market should expect more of the same in 2015.
Subscribe to Housing RSS feed
Developer Rich MacDonald plans to use the recent sale of his DragonRidge Country Club in Henderson as a tax loss while focusing exclusively on selling quarter-acre lots for $360,000 to $400,000 at his MacDonalds Highlands development overlooking the upscale golf course.
Sure, the Las Vegas housing market has perked up — but enough to justify a nearly ten-fold increase in new apartment units?
MIG Real Estate hasn’t snapped the wallet shut on its local commercial real estate shopping spree.
Nevada has reached a $6 million settlement with Lender Processing Services Inc. that resolves the state’s civil action alleging the firm violated the state’s deceptive trade practices act, the state attorney general announced Friday.
Nevada posted one of the highest foreclosure rates in the nation in January even as default activity declined across the state, according to a Wednesday report from California research firm RealtyTrac.
The median local price of an existing single-family home came in at $185,000 in January, according to new numbers from the Greater Las Vegas Association of Realtors. That was unchanged from December, but up 23.3 percent from $150,000 in January 2013.
Gordon Miles started the new year with a new job.
Attorneys representing nearly 1,000 Sun City Summerlin residents whose individual damage claims were nearly all rejected by a jury in a massive construction defect dispute took their case to the Nevada Supreme Court on Wednesday.
Five years into the economic recovery, Nevadans’ personal finances have improved slightly but remain among the worst in the country, according to a new report released Thursday.
U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of 2013 climbed to the highest level in five years.
Big homebuilders have been busy in early 2014 snapping up land.
As bids on three luxury homes inched along at a painfully slow pace, Frank Trunzo reached deep into the tricks that made him a champion auctioneer.
Looks like California’s loss is Nevada’s gain.
A housing market on the brink of recovery has a potential new hurdle in its way. Local real estate observers say they’re concerned about a Jan. 1 rule that dramatically lowered the size of mortgage the federal government will back in the Las Vegas market.
The Bureau of Land Management held a major land auction Thursday at its northwest Las Vegas field office, unloading more than 160 acres of property, much of it around Blue Diamond Road and in other parts of the southwest.
Another year, another high foreclosure rate for Nevada. New numbers from Irvine, Calif., real estate research firm RealtyTrac ranked Nevada among the top five for foreclosure activity in 2013.
Two new parks broke ground in Henderson on Saturday.
A Thursday report from California research firm RealtyTrac found that 38 percent of homeowners with mortgages in Nevada owed more on their home than the property was worth in December.
The local housing market ended 2013 the way it began — with big annual gains in prices, but experts say prices will stabilize in 2014. The median home price of $185,000 in December was up 24.2 percent from $149,000 in December 2012.
Las Vegas has a commercial real estate market like no other.
U.S. home prices rose in October from the previous year at the fastest pace in almost eight years, and Las Vegas led the nation in annualized gains.
If you like good news, 2013 had it.