Las Vegas Sun

December 17, 2014

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Housing News

Las Vegas’ underwater mortgage rate improving but still worst in nation
Las Vegas’ underwater mortgage rate improving but still worst in nation
Tuesday, December 16, 2014
Some 27.8 percent of local homeowners with mortgages were upside-down — meaning their debt outweighs their home’s value — in the third quarter. That’s down from 39.6 percent a year ago and ...
Report: Housing outlook not ‘warm and fuzzy’
Report: Housing outlook not ‘warm and fuzzy’
Tuesday, December 16, 2014
With home sales and construction plans sliding and prices flat, there’s little reason to feel “warm and fuzzy” about Las Vegas’ housing market next year, a new report says. Builders sold ...
Report: Nevada among top states for mortgage fraud
Report: Nevada among top states for mortgage fraud
Monday, December 15, 2014
Mortgage fraud is rising nationally and remains more active in Nevada than in almost every other state, a new report shows. Some 74 percent of U.S. home loans last year involved ...
Photo: Realtor Helen Riley and Fafie Moore, a Realty Exec
Las Vegas home prices creep up as sales continue to drop
Tuesday, December 9, 2014
The slowdown in Las Vegas' housing market is poised to continue next year, a new report says, as investors keep pulling back from the valley. The median price of single-family homes sold through the Greater Las Vegas Association of Realtors’ listing service in November was ...
Buyers spend more than $49 million at BLM land auction
Tuesday, December 2, 2014
Homebuilders and other investors purchased 415 acres of land at a government auction today. The U.S. Bureau of Land Management sold the parcels, all in the southwest valley, for ...
Photo: A view of new home construction in Summerlin Wedne
Builders struggle as new-home sales slow
Thursday, November 20, 2014
Southern Nevada homebuilders continue to struggle this year, with lower sales and a rising volume of canceled deals, a new report shows. Local developers sold ...
Investors are flipping fewer Nevada homes, report finds
Investors are flipping fewer Nevada homes, report finds
Wednesday, November 19, 2014
Real estate investors aren’t flipping homes in Nevada as often as last year, but they’re still more active than flippers nationally. Flipping slowed nationally to ...
Major Southern Nevada construction company being sold
Friday, November 14, 2014
One of the largest construction firms in Southern Nevada is being sold. Martin-Harris Construction owner Frank Martin is selling his company’s assets to ...
Some Las Vegas contractors are having trouble hiring workers
Some Las Vegas contractors are having trouble hiring workers
Thursday, November 6, 2014
With construction picking up in Las Vegas, some contractors are having trouble finding qualified workers. The Las Vegas area had 43,600 construction workers as of September ...
Photo: This 2012 file photo shows a home for sale in Hend
Median Las Vegas-area home prices dip below $200K
Thursday, November 6, 2014
Southern Nevada real estate agents say the area's median home price dipped below $200,000 in October. The Greater Las Vegas Association of Realtors reported Thursday that median home prices were down 1.3 percent from September, but up 8.1 percent from the same time a year ago. Association chief Heidi Kasama says it's no surprise that home prices are declining and sales are slowing as the holidays draw nearer. She says sales ...
Investors’ retreat from Las Vegas housing market triggers sales slowdown
Investors’ retreat from Las Vegas housing market triggers sales slowdown
Wednesday, October 29, 2014
When investors flocked to Las Vegas for cheap homes after the economy crashed, they resurrected the housing market with sorely needed ...
Report: Outlook for new-home sales not ‘too exciting’
Report: Outlook for new-home sales not ‘too exciting’
Tuesday, October 28, 2014
A sluggish year for Las Vegas homebuilders isn’t expected to pick up anytime soon, a new report says. Local builders sold 605 new homes last month, bringing the year’s total to ...
Photo: KRE Capital has begun listing condo units at the O
Owner of downtown’s Ogden bucks trend with condo sales blitz
Thursday, October 16, 2014
When investors bought the Ogden and four other Las Vegas residential complexes last year for big dollars, they were among many laying bets on the valley’s apartment market. Now they’re betting they can ...
Las Vegas home sales dip, but prices inch upward
Las Vegas home sales dip, but prices inch upward
Wednesday, October 8, 2014
Despite a slowdown in sales, Las Vegas used-home prices inched past the $200,000 mark last month. The median price of single-family homes sold in September was ...
Report: Rising prices a drag on new-home sales
Report: Rising prices a drag on new-home sales
Wednesday, September 24, 2014
Las Vegas homebuilders are stuck in the doldrums as buyers continue to shy away from hefty price tags, a new report shows. Local builders sold 530 new homes in August, bringing this year’s total to ...

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