The Las Vegas apartment vacancy rate decreased to 9.6 percent in February from 9.9 percent the previous month, CB Richard Ellis reported.
Housing
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WASHINGTON — Roughly two-thirds of homeowners in Nevada with a mortgage had negative home equity, the worst in the country, data released Tuesday by housing data firm CoreLogic show.
Donna Webster has an unabashed description of many distressed properties she finds in Las Vegas for her investor clients, typically homes that have been thoroughly trashed out of anger and despair before owners surrendered them to the bank.
If the current real estate cycle were a baseball game, Las Vegas would be in the fifth or sixth inning, a panel of analysts said Thursday evening at Spanish Trail Country Club.
The first phase of the Mortgage Assistance Program is being rolled out today and will provide $38.5 million to more than 12,000 households in Clark County, paying up to $500 a month in mortgage assistance for six months.
WASHINGTON — Home sales are starting to tick up after the worst year in more than a decade. But the momentum is coming from cash-rich investors who are scooping up foreclosed properties at bargain prices, not first-time homebuyers who are critical for a housing recovery.
WASHINGTON — Home prices are hitting new depths in Las Vegas and most major U.S. cities and are expected to fall further over the next six months.