Ocwen Financial Corp. will provide more than $32.7 million in principal reductions to underwater borrowers in Nevada, under a settlement announced Thursday that closes an investigation into the nation’s largest nonbank servicer of home mortgages.
Housing
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A local home-building institution will soon have a new owner. Tri Pointe Homes of Irvine, Calif., is buying Pardee Homes as part of a multibillion-dollar builder buying binge set to close in the first half of 2014.
Jack and Laura Sommer’s house is pretty unusual. But what really stands out is that the Sommers will accept payment for it in bitcoin, a burgeoning digital currency.
A new law designed to make it harder for banks to foreclose on Nevada homes continued to weigh down the state’s default market in November.
A Monday report on local housing sales and prices showed few surprises. Recent year-to-year trends held steady in November, the latest numbers from the Greater Las Vegas Association of Realtors show.
Shadow housing supply? What shadow housing supply?
Whether you have to sit down, stand up, pass out or go limp, we’re preparing you for the day when your home’s value doesn’t appreciate 30 percent in one year.
A banner reading “Future Home of an American Hero: Army Cpl. Christopher Bales” hangs above the garage at a home in the 10000 block of Great Sioux Road. The home is a gift to Bales, who was selected in 2012 by PulteGroup and Operation Finally Home.
U.S. home prices rose more slowly in September than in August, a sign that weaker sales are preventing the kinds of sharp price gains that occurred earlier this year. The pattern was evident in Las Vegas, where prices rose 1.3 percent.
Nevada’s slowing housing market showed in Monday numbers from a national research firm.
It’s a big, square parcel that’s just perfect for a hotel-casino.
New numbers from real estate website Zillow showed that the Las Vegas Valley’s share of homes that are under water, or worth less than the mortgage owed on them, waned significantly in the three months that ended in September.
They designed, built or marketed more than 23,000 hotel rooms, 40,000 homes, 15 master-planned housing communities and even a few prisons, schools, banks and grocery stores.
For most people – especially those who live in Las Vegas – the average monthly rent is $1,000. But Steve Wynn isn’t your average renter.
A divided Nevada Supreme Court sided with bankers on Wednesday when deciding how much borrowers could owe if they lose their houses or commercial developments through foreclosure.