The regulator of Fannie Mae and Freddie Mac said on Monday it was developing rules to let Americans buy homes with down payments as low as 3 percent, part of a push to boost access to credit.
Housing
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The median price of Southern Nevada homes sold rose slightly in September although home sales edged down, a report released Wednesday shows.
U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale. But Las Vegas showed an annual gain of 12.8 percent, best in the nation.
A major opinion issued recently by the Nevada Supreme Court regarding super priority liens filed by homeowners associations is a positive development for Nevada because it has clarified many of the legal issues for everyone involved in the foreclosure market, an official with the company that won the ruling said Tuesday.
The Nevada Housing Division announced Monday that it has launched a grant program for homebuyers.
Nevada’s housing market is about average these days, and observers say that’s just fine.
The Nevada Supreme Court on Thursday ruled that a super priority lien held by a homeowners association can extinguish a first deed of trust on a property, a decision that will create a windfall for some real estate investors in Las Vegas who picked up properties for pennies on the dollar.
A new federal rule could keep thousands of local buyers out of the housing market longer than they expected.
The latest local housing numbers show an ongoing struggle with prepping home sites for development.
An eight-unit apartment complex is being renovated along the East Fremont downtown corridor, and Zappos CEO/Downtown Project guru Tony Hsieh is not behind the rehab job.
Investors are flipping fewer homes in Nevada, but quick sales for profit in the state remain well above national norms.
Lenders filed 1,037 notices of default to start foreclosure proceedings in July, up 128 percent from July 2013, RealtyTrac reported. It’s the highest number of starts since October, when the state’s Homeowners Bill of Rights took effect and put new restrictions on banks looking to foreclose.
A big real estate auction could soon test the local development industry’s recovery.
Developers of Henderson’s Inspirada relaunched a master plan on Aug. 2 and rolled out a sales blitz featuring nine fresh communities with 16 new home designs.
The median price of a single-family home hit $200,000 in the month for its highest level since August 2008, when it marked $210,000, the Greater Las Vegas Association of Realtors reported Thursday.
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