Las Vegas housing prices remained flat in November, while single-family home sales went into their seasonal slump at 3,117 closings, up 42.8 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported Tuesday.
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Homeowners struggling to avoid foreclosure got some good news Tuesday.
While the Las Vegas housing market is showing signs of recovery, it’s still feeling the effects of a lingering headache from “irrational exuberance” created by the housing boom from 2004 to 2006, a local housing analyst said.
CityCenter residential officials believe last week’s opening of the $8.5 billion project, coupled with a 30 percent price reduction implemented in October, will be enough of a catalyst to spur sales in the project’s remaining high-rise condominiums.
WASHINGTON — Las Vegas’ housing industry got more bad news Tuesday.
The mix of home sales in Las Vegas has changed.
WASHINGTON — The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery.
Things aren’t as bad as they could be in the Las Vegas housing market, which is a piece of positive news to take into the end of one of the worst years on record.
The real estate industry in Las Vegas has another 18 months of stagnation before things start to turn around, a former Hughes Corp. executive said Wednesday at The Orleans.
NEW YORK — The number of home- owners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers.
Hold off on those reports that the Las Vegas housing market has turned the corner.
WASHINGTON — The Obama administration’s mortgage relief program has reached one in five eligible homeowners, a government report says, but most of those borrowers are on temporary trial plans that have yet to be made final.
A tax credit extension for homebuyers worth an estimated $10.2 billion to $21 billion nationally will help revive Southern Nevada’s dismal real estate market, Reps. Dina Titus and Shelley Berkley, D-Nev., told Realtors on Tuesday.
The housing bust left homebuilders with plenty of red ink on their books as they walked away from swaths of land they no longer needed.
After a 10-month slowdown, heavy-duty building work has resumed at Tivoli Village at Queensridge, a mixed-use retail, office and residential center at Rampart Boulevard and Alta Drive. The center’s developers, IDB Development Corp. of Israel and Great Wash Park of Las Vegas, set a December 2010 opening date for Tivoli Village’s 370,000-square-foot first phase. Construction on the center’s remaining 330,000 square feet is scheduled to begin shortly after the opening.