U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale. But Las Vegas showed an annual gain of 12.8 percent, best in the nation.
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A major opinion issued recently by the Nevada Supreme Court regarding super priority liens filed by homeowners associations is a positive development for Nevada because it has clarified many of the legal issues for everyone involved in the foreclosure market, an official with the company that won the ruling said Tuesday.
The Nevada Housing Division announced Monday that it has launched a grant program for homebuyers.
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.
A new federal rule could keep thousands of local buyers out of the housing market longer than they expected.
The latest local housing numbers show an ongoing struggle with prepping home sites for development.