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For Las Vegas business news covering casinos, energy, housing, entrepreneurs and more turn to Las Vegas Review-Journal.

THE LATEST Business NEWS
Sales prices for Las Vegas apartment complexes rising quickly

Sales prices for Las Vegas Valley apartment complexes are rising fast, just a few years after the market was awash in foreclosed or underwater properties that sold at steep discounts.

Appeals court dashes hopes for investors who bought foreclosed homes in Nevada

Real estate investors who took advantage of a Nevada law during the foreclosure crisis to acquire several thousand foreclosed homes at bargain basement prices got what could be some bad news recently courtesy of the 9th Circuit Court of Appeals.

Underwater homeownership in Las Vegas dips below 20 percent

Southern Nevada price appreciation is reducing negative equity in the Las Vegas home market and the latest report from CoreLogic, a property analytics firm, showed that the percentage of homes in Las Vegas with negative equity fell under 20 percent for the first time since housing crisis.

U.S. housing starts, permits fall in December

WASHINGTON — U.S. housing starts and permits fell in December after hefty gains the prior month, adding to a raft of weak data that have raised concerns over the health of the economy.

Rental rates rising sharply in Las Vegas Valley

It didn’t take Sarah Shugars long to realize a change in the Las Vegas rental market in the three years she left for Los Angeles.

Nevada retains high rank in foreclosures

The Silver State ranked No. 4 for foreclosure activity in the month, with one in every 587 homes in some stage of the default process, California research firm RealtyTrac reported Wednesday.

Cadence, under the radar for 2 years, ready for sales push

If you’re surprised to hear construction has been under way for more than two years at Henderson’s Cadence master plan, well, that’s kind of how developer The Landwell Co. wanted it. LandWell worked below the radar in the downturn to prepare for the day when the market would be ready for Cadence.

U.S. regulator targets lower down payments on mortgages

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.

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