California research firm RealtyTrac reported Wednesday that 31 percent of Nevadans with mortgages had loans that were “seriously” higher than their home values in the quarter that ended Sept. 30.
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Nevada’s housing market is about average these days, and observers say that’s just fine.
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.
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.
Union employees at the Southern Nevada Regional Housing Authority objected Thursday to the payment of nearly $1 million in legal fees, while the attorney blamed the union for driving his fees up.
The state will examine short sale practices in Nevada after concerns were raised by a Reno Gazette-Journal investigation published Sunday.