69°F
weather icon Clear

Business

For Las Vegas business news covering casinos, energy, housing, entrepreneurs and more turn to Las Vegas Review-Journal.

THE LATEST Business NEWS
Vegas housing market to make respectable gains

Southern Nevada’s middling housing market will make decent if unimpressive gains in the next 18 months. That was the word Friday from a panel of observers at the spring Las Vegas Housing Outlook, held by local analysis firm Home Builders Research.

Nevada No. 2 in U.S. for foreclosure activity in April

A Wednesday report from California research firm RealtyTrac found that foreclosure activity across Nevada was up 39 percent year over year in April, extending to one in every 555 homes. That was good enough for No. 2 in the nation for default-related activity.

Las Vegas home prices touch post-recession high

Local real estate research firm SalesTraq reported that the median price for an existing single-family home reached $212,568 in April, up 10.7 percent from April 2014 and a post-recession high.

Subcommittee recommends ending Nevada’s Foreclosure Mediation Program

CARSON CITY — A joint money subcommittee Wednesday recommended shutting down Nevada’s Foreclosure Mediation Program, citing a recovering housing market and fewer participants than at the height of the recession when the program was established.

Buyers snag 358 acres of land in BLM auction

There weren’t a lot of takers Tuesday for federally owned lands on the auction block. Thirteen of 29 parcels the Bureau of Land Management put up for sale found buyers. The land purchases totaled 357.6 acres of the 597.6 acres available, while the bureau raised $19.2 million of the $29.7 million it set as the parcels’ total minimum price.

BLM poised to take bids on nearly 600 acres of valley land

The local economy is growing, and builders need land. They’ll have their chance to snap up some bargains at a Bureau of Land Management auction on Tuesday, when the agency will take bids on nearly 600 acres of land across the Las Vegas Valley.

Las Vegas Average Gas Prices
Regular
Diesel
Source: AAA