New-home prices will drop another 5 percent this year and stay essentially flat in 2011 as builders compete with more foreclosures and short sales, a Las Vegas housing analyst said Thursday at his quarterly presentation.
Housing
Your No. 1 source for Las Vegas housing and real estate news.
More than 90,000 notices of default were recorded against residential and commercial property owners in Nevada in the last 12 months, according to a statement released by the Administrative Office of the Courts, which oversees the Nevada Foreclosure Mediation Program state lawmakers established in 2009.
The average homeowner doesn’t think about so-called “strategic default” on their mortgage until equity falls to 62 percent of the home’s value, a study from the Federal Reserve Board showed.
Tyree Brown, the homeowner who complained that Wells Fargo Bank blindsided him with a foreclosure during loan modification negotiations, has won the first round in court.
1
2
3
4
5
At 80, Mick Jagger sprints through Rolling Stones’ return to Las Vegas
Mick Jagger sweeps into famous Las Vegas restaurant
Gimme curry? Mick Jagger visits a second famous Las Vegas restaurant
$35M home sale in The Summit Club sets Vegas record
LETTER: Here’s something to consider when you vote for president this year