102°F
weather icon Mostly Clear

Local

Local Las Vegas Valley breaking news from Nevada's most reliable source. Read about the latest updates happening in your region at Las Vegas Review-Journal.

Las Vegas home prices tick up 1.1 percent

The median price of a single-family home jumped to $202,000 in the month, up 1.1 percent from $199,900 in October, the Greater Las Vegas Association of Realtors reported Monday.

Nevada ties for No. 1 in underwater homes

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.

Nevada high court: Super priority lien extinguishes first deed of trust

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.

Single-family home price hits $200,000 in Las Vegas

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.

THE LATEST Local NEWS
Consistent gains mark Nevada housing in first half of ‘14

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.

Nevada Supreme Court denies class action for damaged-stucco claims

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.

Southern Nevada’s housing market bounces back in May

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, North Las Vegas still wrestling with senior complex operators

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.”

SEIU members complain about housing authority legal fee increase

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.

Nevada agency to review short-sale practices

The state will examine short sale practices in Nevada after concerns were raised by a Reno Gazette-Journal investigation published Sunday.