Housing News

Deciding whether to rent or buy a home getting more complicated: Thursday, May 16, 2013; By Eli Segall; Deciding whether to rent or buy a house in Las Vegas seemed pretty simple last summer: owning was cheaper than renting within two years of purchase.

More and more million-dollar homes being snapped up in Las Vegas: Wednesday, May 15, 2013; By Eli Segall; After some chilly years, Las Vegas’ luxury housing market is heating up. There were 85 sales of million-dollar homes in the three months ending March 31, up from 39 deals in the same period last year.

Nevada maintains familiar perch atop foreclosure rankings: Wednesday, May 8, 2013; Real estate:; By Eli Segall; Nevada had the highest foreclosure rate in the country again last month despite having fewer distressed homes. One in every 360 housing units statewide had a foreclosure-related filing in April.

Legislature approves plan to help homeowners with defaulted loans keep their house: Wednesday, May 8, 2013; Nevada Legislature 2013:; By Cy Ryan; A legislative subcommittee has approved a new $149 million program to help thousands of Nevada homeowners who became delinquent on their loans from 2002 to 2008.

Nevada second to only Florida in mortgage delinquency: Wednesday, May 8, 2013; By Eli Segall; The percentage of Nevadans who are months late on their mortgage payments is falling, but it remains well above the national average. Nevada had a mortgage delinquency rate of 9.12 percent last quarter.

Report: Las Vegas among top spots to ‘flip’ homes: Thursday, May 2, 2013; By Eli Segall; Flipping homes in Las Vegas is not as common as it used to be, but it’s still a lucrative business. The Las Vegas Valley is the second best place in the country to “flip” a home, according to a new report from RealtyTrac.

Housing rebound is facing obstacle: Too few homes: Wednesday, May 1, 2013; By Scott Mayerowitz, Associated Press; Beth Heinen Bell and her husband, Christian, are sick of renting. They want more space. They'd like to host friends for dinner. And now, having seen the real estate market start to rebound, they want to turn housing payments into long-term equity. So after a decade as someone else's tenant, the Bells, like a rising number of Americans, are finally ready to buy a home.

Surging home values in Las Vegas expected to keep their momentum: Wednesday, April 24, 2013; Real estate:; By Eli Segall; After bottoming out a year ago, Las Vegas home values have soared and are expected to rise further, boosting the region’s fragile economic recovery. The Las Vegas Valley’s median home value was $138,800 as of March 31, at the end of the first quarter, up 22.3 percent from a year earlier, according to a report out Wednesday from Seattle-based research firm Zillow. Local home values hit bottom in the first quarter last year at $113,500.

New home sales up, but market remains fragile, analyst says: Friday, April 19, 2013; By Eli Segall; The home construction business keeps gaining speed in Las Vegas, but a local analyst is warning people not to get too excited. A total of 1,633 new homes were sold in the Las Vegas Valley in the three months ending March 31, almost double the same period last year.

County commissioners skeptical about allowing short-term home rentals: Wednesday, April 17, 2013; By Conor Shine; A proposal by Clark County Commissioner Tom Collins to reconsider the county’s ban on short-term home rentals in favor of a system that allows and regulates “vacation rentals” was met with skepticism by fellow commissioners Wednesday.

Return of the housing bubble? Not in Las Vegas: Friday, April 12, 2013; By Eli Segall; With cash investors snapping up houses, Las Vegas’ real estate market has been heating up with rising prices and multiple bids for listings. But unlike last decade, the valley is not mired in a housing bubble, according to a new report.

The president's budget and you: Obama's proposals that should catch Nevadans' attention: Thursday, April 11, 2013; By Karoun Demirjian; President Barack Obama’s budget, unveiled Wednesday, came along too late in the year to dramatically change the course of budget discussions about fiscal 2014. The president’s budget raises a few elements that Nevadans might want to think about.

UNLV to begin allowing students to return to water-damaged dorm: Tuesday, April 9, 2013; Small fire activates sprinkler system, causes evacuation at Dayton North Complex; By Paul Takahashi; Some students at one UNLV dormitory will be allowed back into their rooms Tuesday afternoon after being evacuated early Monday morning as a result of a trashcan fire. About 160 students at the Dayton North Complex were evacuated about 2:30 a.m. Monday when a trashcan fire in a second-floor restroom tripped the smoke alarm and sprinkler system, causing water damage to the four-story building's first and second floors. There were no injuries.

Las Vegas home prices 30 percent higher than year ago: Tuesday, April 9, 2013; By Jackie Valley; Southern Nevada home prices increased in March and are now 30 percent higher than one year ago.

Investors returning hipster flair to old Rat Pack apartments: Tuesday, March 26, 2013; By Eli Segall; Some real estate investors want to bring back the style and charm of an aging Las Vegas apartment complex where members of the famed Rat Pack once lived.