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

Cities unite to get housing funds

As the foreclosure crisis drags on, four local governments are banding together to pursue $367 million in federal money to rid neighborhoods of empty houses.

Foreclosure hearings coming

Under rules adopted Tuesday by the state Supreme Court, homeowners facing foreclosure will have a chance to modify loan agreements with their mortgage companies.

Panorama Towers developer thinks condo will fetch fortune in future

Call him a dreamer, but Panorama Towers developer Laurence Hallier is convinced somebody can make $10 million in the next three to five years on the purchase of his three-level, 7,000-square-foot “chairman’s penthouse,” advertised in the Las Vegas Review-Journal for $2.8 million.

Housing ‘superagency’ in works

Now that Nevada law allows public housing agencies to consolidate, the valley’s three housing authorities will move quickly toward becoming one “superagency” that would be among the largest of its kind in the country, officials said.

Local existing-home sales surge during May

Sales of existing homes increased for the fourth straight month in May and signs of a price bottom are starting to appear, Las Vegas housing analyst Dennis Smith said Wednesday.

Home sales increase in West

LOS ANGELES — Home sales in the Western United States posted a 9 percent annual increase in May as homebuyers jumped on low interest rates and falling prices, according to two reports released Tuesday.

Housing inventory increase expected

A wave of foreclosures is expected to hit Las Vegas as banks lift a voluntary moratorium that was extended from March to the end of May, though nobody has an accurate estimate of how many bank-owned homes will be added to an already bulging inventory.

Housing report: More pain ahead

The first two waves of mortgage losses are mostly behind us but three more waves are coming, two of them in the housing market and one in commercial real estate, an executive for a New York investment firm said Friday.

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