Competition among Las Vegas homebuilders to acquire residential land is stronger than it’s been for a long time, driving bid prices into risky territory, a land expert said Monday.
Housing
Your No. 1 source for Las Vegas housing and real estate news.
Existing home sales in Las Vegas continued to decline with 2,640 escrow closings in February, a 13.5 percent drop from the same month a year ago, the Greater Las Vegas Association of Realtors reported Thursday.
Las Vegas had a 20.7 percent year-over-year gain in home asking prices in February, and inventory is no longer in a free fall, online listing firm Trulia.com reported.
Grading has begun for the first phase of what eventually will be a 2,200-acre master-planned community called Cadence in Henderson, the developer’s chief executive officer said Friday.
Existing-home sales edged up in January, while a seller’s market is developing and home prices continue to rise steadily above year-ago levels, the National Association of Realtors reported Thursday.
Some 37,000 homeowners in Las Vegas crawled out of the hole on their home values in the third quarter, Zillow.com said in a forecast being released Thursday.
Builder confidence in the market for newly built, single-family homes was virtually unchanged in February with a one-point decline to 46 on the National Association of Home Builders’ Housing Market Index released Tuesday.
Lennar Homes has begun site development for about 200 new homes on a 40-acre infill parcel at Desert Inn Road and Tenaya Way, with model homes opening in May or June, an executive for the homebuilder said.
Time gets away from all of us at one point or another.
Nevada posted the nation’s second-highest foreclosure rate for the fourth consecutive month with one in every 344 housing units receiving a foreclosure filing in January, RealtyTrac was expected to report today.
After nearly a year in Chapter 11 bankruptcy proceedings, home builder American West Development Inc. won court approval to return to mainstream commerce.
Home prices in Las Vegas jumped 27.1 percent in January compared with January 2012, picking up where they left off last year as the inventory of homes available for sale remains tight, the Greater Las Vegas Association of Realtors reported Friday.
Lender Processing Services Inc. said Thursday it has reached a $127 million settlement over its foreclosure practices with attorneys general from 46 states and the District of Columbia, leaving the complaint filed in 2011 by Nevada’s attorney general as the only unresolved lawsuit.
WASHINGTON – A measure of Americans who signed contracts to buy homes fell last month after reaching a 2½-year high in November. Sales were held back by a limited supply of available homes.