Prices in Las Vegas rose 29.2 percent from a year earlier, the fastest pace in the nation. But they are still 47 percent lower than they were before the housing market collapsed.
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The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have made purchases more costly.
Purchases of previously owned U.S. homes fell in September for the first time in three months, retreating from an almost four-year high as rising prices and mortgage rates discouraged would-be buyers.
A Deutsche Bank unit has reached an $11.5 million settlement with the state’s attorney general to resolve a nearly two-year investigation into its role in funding subprime mortgage loans in Nevada.
Sure, Southern Nevada’s housing price gains cooled a bit in September. But the Las Vegas Valley still has plenty of investors trying to cash in, according to a new report from California research firm RealtyTrac.
A study by the real estate Trulia indicates that 72 percent of homes for sale in the Las Vegas valley are within reach of the typical household here.
Even as U.S. foreclosure starts fell to a seven-year low in the third quarter, default activity kicked into high gear in Clark County and across the Silver State, according to a report Wednesday from California research firm RealtyTrac.
After 19 months of steady increases, the value of single-family homes in Southern Nevada took a tumble in September.
Banks, title companies and processors used September’s waning days to mount a record-setting foreclosure push before a Homeowners Bill of Rights took effect Tuesday.