Housing
Your No. 1 source for Las Vegas housing and real estate news.
WASHINGTON – U.S. sales of new homes fell slightly in October, and September sales were slower than initially thought. The October sales pace was dragged lower by steep declines on the East Coast, partly related to Superstorm Sandy.
Las Vegas leads the nation in evictions, attracting national and international media attention. Through October, the Las Vegas constable’s office had served 17,365 evictions, which is on pace to fall far short of the 36,987 evictions in 2011.
For nine months, Christine Bulot, an elementary schoolteacher, had been scouring Henderson for her first home, a task that proved to be harder than expected.
The real estate market in Las Vegas has reached bottom and prices have stabilized, but lingering concern about the “ghost inventory” in the single-family residential market is keeping the recovery in check, a panel of experts said this week at the Suncoast.
WASHINGTON – Las Vegas registered its first year-over-year price gain in housing since January 2007 in a widely watched home price survey, but homeowners shouldn’t be totaling up their newfound equity just year.
Once the foreclosure capital of the nation, Las Vegas dropped to No. 25 in the third quarter with one foreclosure filing for every 139 households. Las Vegas had a total of 6,062 foreclosure filings in the third quarter, down 31 percent from the previous quarter and down 71 percent from the year-ago period.
