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Housing

Law may be of little help to LV

The new housing recovery law gives a glint of hope to homeowners facing foreclosure, but local business leaders doubt it will help many Southern Nevadans.

Home sales tumble again, but slight fall raises hope

WASHINGTON — Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation’s severe housing recession could be approaching a bottom.

Foreclosure troubles mount

NEW YORK — Nevada was near the top as the number of households facing foreclosure more than doubled in the second quarter compared with a year ago, according to data released Friday.

House OKs bill to rescue homeowners

WASHINGTON — The House Wednesday easily approved legislation that seeks to slow the steepest slide in house prices in a generation, rescue hundreds of thousands of homeowners at risk of foreclosure and reassure global markets that mortgage-finance giants Fannie Mae and Freddie Mac will not be allowed to fail.

THE LATEST
Consolidation idea resurfaces for three housing agencies

The on-again, off-again discussion about merging the valley’s three public housing agencies into a single “superagency” as a cost-saving measure is on again, this time being actively pursued by a couple of Clark County commissioners.

New-home sales hold steady in LV

New-home sales in Las Vegas have been consistently low over the past six months and appear to have reached the bottom of the current down cycle, a local housing analyst said Wednesday.

Condo buyers struggling for closure amid credit squeeze

Ronald Cowan thought he’d be living the high life in Las Vegas, rubbing elbows with sports stars and celebrities who frequent hip places like ghostbar, Rain, Playboy Club and the Pearl concert hall at the Palms.

Foreclosures push sales higher

Home sales in Las Vegas increased for the sixth straight month in June and inventory remained stable, the Greater Las Vegas Association of Realtors reported Wednesday.

Housing slump will slog on, signs suggest

WASHINGTON — Signs are emerging that the U.S. housing market’s long slump is likely to fester through the summer, and the real estate market may not recover for at least another year.

Home prices tumble at record rate

NEW YORK — U.S. home prices, led by sharp declines in Las Vegas and Miami, tumbled in April at the fastest rate since a widely followed index was begun in 2000, with all 20 metropolitan areas surveyed posting annual declines for the first time.

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