Southern Nevada’s housing market has moved from intensive care into rehab. That’s the word from California-based real estate research firm RealtyTrac, which released a report Wednesday confirming that local housing remains deep in recovery mode.
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Thanks to double-digit price gains over the past year, the number of Las Vegans with negative equity – owing more on their mortgage than their home is worth – fell below the 50 percent watermark in the quarter that ended in June, according to real estate website Zillow.
WASHINGTON — U.S. home prices rose 12.1 percent in June from a year earlier with Las Vegas leading all cities with a 24.9 percent gain.
A partnership wants to give Las Vegas its first new large-scale master plan since the recession.
Americans cut back sharply in July on their purchases of new homes, a sign that higher mortgage rates may slow the housing recovery.
Two prosecution witnesses in the trial of an Ohio woman accused of helping her teenage daughter beat up a fellow student have offered testimony that the defense says contradicts their earlier statements.
WASHINGTON — For the first time since 2009, previously occupied U.S. homes are selling at a pace associated with a healthy market.
At 76, Alma Evans has been around long enough to live in much better places than Buena Vista, but she said she never lived anywhere worse than the apartment she now calls home near Carey Avenue and Martin Luther King Boulevard.
Inspirada Builders LLC announced plans Thursday to begin construction on more than 30 acres of parks, including two community parks and one neighborhood park, at the southwest Henderson housing project.
Housing’s hot streak continued in June and July.
Two new reports showed double-digit gains in local existing and new homes as supplies remained tight.
It’s well-known that the numbers who lost their home to foreclosure far exceed the number of homeowners who’ve received mortgage assistance. Then there’s Ken Hall.
The latest home report on Tuesday confirmed what has been reported several times already this year — home prices are vaulting higher and Nevada is leading the way.
In the last six months, 206 condos going for as much as $400,000 each closed after fewer than 60 days on the market, said Bruce Hiatt, broker-owner of Luxury Realty Group in Las Vegas. That pace is unheard of at a price point and home type that typically averages six to 12 months on the market, Hiatt said.
Who says you can’t find bargains on local land anymore?
U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening.
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