Lenders opened the floodgates by lifting a moratorium on foreclosures in March, resulting in a record number both in Clark County and nationally, a foreclosure expert said Thursday.
Housing
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WASHINGTON — The nation’s foreclosure crisis is centered in four states. But taxpayers across the country will feel the pain of bailing them out.
Nobody needed sunglasses Friday at Las Vegas Housing Outlook 2009.
Nevadans told members of a congressional panel Tuesday that the $700 billion Wall Street bailout has not filtered down to help the victims of the current economic crisis in one of the nation’s hardest hit areas.
Construction has been suspended on the ManhattanWest mixed-use condo development in southwestern Las Vegas, the developer said Tuesday.
Fontainebleau Las Vegas’ preview center opened last week with little fanfare but lots of questions about when, or if, its 1,018 condominium units will go on sale.
A furrowed mountain blocks all but a sliver of morning sun, casting a shadow across a Western-themed park and a cluster of neighborhoods.
The housing outlook continues to be bleak for Las Vegas, with lagging new-home sales and falling prices, but existing-home sales topped 3,000 for the third straight month, Home Builders Research reported Thursday.
New-home sales in Las Vegas have been consistently low over the past six months and appear to have reached the bottom of the current down cycle, a local housing analyst said Wednesday.
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