MIAMI — Home prices in February posted their first annual increase since the end of 2006, lifted by temporary tax credits for homebuyers.
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Las Vegas property values have declined to levels of 10 years ago, but will recover to 60 percent of their peakwithin three years, said Robert Lang, director of Brookings Institution at University of Nevada, Las Vegas.
A developer can apply for higher-density housing than zoning allows on hilltop land near the Red Rock Canyon National Conservation Area.
Apartment rents in Las Vegas rose slightly in the first quarter, part of a national trend in which 36 of 41 metropolitan statistical areas showed an increase in rents, California-based RealFacts reported Tuesday.
Home sales in Las Vegas increased to 3,175 in March, up 32.8 percent from the previous month and up 6.5 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported Wednesday.
In Southern Nevada, an area known as ground zero of the nation’s housing crisis, far fewer people than expected have received home loan modifications through a $75 billion stimulus program designed to reduce the impact of foreclosures on communities.
Look around most Las Vegas Valley neighborhoods and you will see the shattered pieces of the local housing market. Welcome to Cowboy Cross Avenue in North Las Vegas.