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.
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It’s the big question on the lips of jumpy locals still snakebitten by a nation-leading housing bust. Have we recovered so quickly that we’ve created another bubble?
The state had 1,942 owner-vacated foreclosures — or “zombie” foreclosures — in the second quarter, according to Wednesday numbers from California housing research firm RealtyTrac.
Sales of U.S. existing homes up 4.9 percent in May
The Howard Hughes Corp., in a joint-venture with Discovery Land Co. of Scottsdale, Ariz., will build about 250 homes on large lots in what is expected to be the most expensive luxury development in the Las Vegas Valley.
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 remained a high-foreclosure market despite a May surge in defaults in other states, a Monday report said.
In another recovery milestone, a new master plan is set to get underway in northwest Las Vegas. Skye Canyon was scheduled to hold its groundbreaking on June 5, making it Southern Nevada’s first big, new residential development to get underway since the recession.
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.”
The Olympia Cos. went all out on Thursday at the kickoff event for construction of Skye Canyon, a 1,700-acre master plan at U.S. 95 and Fort Apache Road in northwest Las Vegas.