WASHINGTON — Residential real-estate prices increased in February by the most since May 2006, and Las Vegas showed the biggest adjusted monthly increase with prices climbing 2 percent.
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It took husband and wife Rob and A.J. Tuttle half an hour to walk around the unfinished penthouse for sale at the top of Panorama Tower II.
WASHINGTON — U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring buying season.
A sluggish economy compounded by legislative and regulatory issues haven’t put a damper on the expectations of attorneys in Las Vegas. Most admit the industry shrank significantly during the recession, but adaptation has allowed many to survive.
WASHINGTON — U.S. housing starts topped the
1 million mark in March for the first time since June 2008. The gain signals continued strength for the housing recovery at the start of the spring buying season.
Often when buying a home, people will scour the Internet hoping to find the perfect house in Henderson.
The Las Vegas Valley housing market has been getting a lot of ink in the last few years, and until recently little of it has been positive. The valley was the tip of the spear point for the housing crisis, building up to spectacular highs and dropping just as dramatically. As the valley struggles through recovery, Sunrise and Whitney, with many older and well-established neighborhoods, have their own challenges.
It’s not normal, but it’s normal for now. That was the word Friday on Southern Nevada’s residential real estate market, with a panel of experts at the Las Vegas Housing Outlook telling an audience of sales agents, builders and lenders they can expect more investors and higher prices in the next year.
LOS ANGELES — The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation’s foreclosure crisis is abating amid an improving housing market.
You’ve probably forgotten what a normal housing economy looks like.
The 6,000 “zombie foreclosures” are just a subset of the estimated 40,481 vacant single-family homes in the Las Vegas Valley, said Marcus Conklin, associate director of the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas.
The company behind a controversial proposal to use eminent domain to seize mortgages has set its sights on North Las Vegas, where a majority of homeowners are eligible to reduce their loan payments through the program.
CARSON CITY — Construction defect laws intended to protect consumers have morphed into a trial lawyer’s dream and a nightmare for Nevada’s building trades, putting many out of business and sending the cost of insurance skyrocketing, representatives of the homebuilding and construction industry said Friday.
WASHINGTON — U.S. home prices rose in February by the largest amount in seven years, evidence that the housing recovery strengthened ahead of the all-important spring buying season.
An Assembly bill submitted in March would modify a controversial requirement that delays real estate lenders from foreclosing on properties secured by a residential loan.