CARSON CITY — A joint money subcommittee Wednesday recommended shutting down Nevada’s Foreclosure Mediation Program, citing a recovering housing market and fewer participants than at the height of the recession when the program was established.
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A Wednesday report from California real estate research firm RealtyTrac showed Las Vegas slipping to No. 2 in the nation for its share of underwater homes, or homes worth less than the mortgage owed on them.
With the end of a 15-year drought in local development of communities for people 55 and older, the Las Vegas Valley is set to harvest a bumper crop of age-qualified neighborhoods.
New reports show the number of homes languishing unsold on the Las Vegas market is on the rise. Industry observers blame the trend on unreasonable seller expectations based on median prices that gained 25 percent a year in 2013 and 2014 but have since gone flat.
Sales of single-family homes spiked 37.8 percent month to month, to 2,707 units, the Greater Las Vegas Association of Realtors said Tuesday. Closings of condos and townhomes soared 33.7 percent, to 651 units.
Launched 25 years ago this month with the opening of Summerlin Parkway — the massive master-planned community became more than Sin City’s bedroom community.
Judges rule that jurors should have been told defendant Heidi Haischer was refused medical treatment for a broken leg until she signed false documents.
Average home prices in most Las Vegas Valley neighborhoods grew by double-digits in 2014, the second year in a row that values have appreciated in all of the valley’s ZIP codes.
The median price of single-family homes sold through the Greater Las Vegas Association of Realtors’ Multiple Listing Service reached $205,000 in February, up 2.5 percent from January and 7.9 percent from February 2014.
New numbers show that Southern Nevada’s housing market began 2015 on solid footing. Housing prices jumped in January even as the market slowed and fewer homes sold, the Greater Las Vegas Association of Realtors reported Monday.
The median price of a single-family home jumped to $202,000 in the month, up 1.1 percent from $199,900 in October, the Greater Las Vegas Association of Realtors reported Monday.
California research firm RealtyTrac reported Wednesday that 31 percent of Nevadans with mortgages had loans that were “seriously” higher than their home values in the quarter that ended Sept. 30.
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.
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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The North Las Vegas Police Department provided new information about the fatal police shooting of a man tied to a four-vehicle crash.
Daily highs around 110 and morning lows near 85 are forecast by the Las Vegas office of the National Weather Service from Saturday through Thursday.
A woman who died in a fatal crash on Cheyenne Avenue near the 215 Beltway has been identified.
