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Housing

Your No. 1 source for Las Vegas housing and real estate news.

Realtors report urges amending robo-signing law

A foreclosure report from the Nevada Association of Realtors recommends that legislators amend AB 284 to resolve unintended consequences from Nevada’s robo-signing law.

More optimistic outlook expected from Builders Show exhibitors

John Stephenson expects to see a more positive outlook from exhibitors at the International Builders’ Show that runs today through Thursday at the Las Vegas Convention Center.

New-home sales reverse trend, jump 42 percent in 2012

New-home sales jumped 42 percent in Las Vegas last year with 5,544 closings, putting an end to the declining housing market, analyst Dennis Smith said Monday.

Builders start work on homes at fastest clip in 4½ years

WASHINGTON – U.S. builders started work on homes in December at the fastest pace in 4½ years and finished 2012 as their best year for residential construction since the early stages of the housing crisis.

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Foreclosure filings, foreclosure inventory down in December

Foreclosure filings in Clark County fell 3 percent from a year ago to 953 in December, and the inventory of homes in some stage of foreclosure dropped to 12,469 at the end of last year, compared with 21,539 at the end of 2011, ForeclosureRadar.com reported Wednesday.

Las Vegas housing saw transition from foreclosures to short sales in ’12

The Las Vegas housing market went through a major transition from foreclosures to short sales in 2012, and the median single-family home price increased 24.2 percent to $149,000, the Greater Las Vegas Association of Realtors reported Monday.

State attorney general to unveil mortgage relief program

Nevada Attorney General Catherine Cortez Masto will unveil the “Home Again” homeowner relief program during a press conference Monday at the Grant Sawyer Building.

‘Fiscal cliff’ vote included extension of Mortgage Forgiveness Debt Relief Act

The last-hour vote in Congress to avoid the “fiscal cliff” included a provision that extends the Mortgage Forgiveness Debt Relief Act through 2013, which is important to sustaining the nascent housing recovery in Las Vegas, local real estate professionals said Thursday.

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