Brian Wargo

Recent Stories (view all stories)

Priciest of homes not immune to crunch time: One expert predicts downturn could last through 2010; Monday, Aug. 11, 2008; The slumping economy and credit crunch are catching up to the luxury home market in Las Vegas.
Housing affordability seen as long-term problem: Businesses, governments in area must do more to help workers, study says; Tuesday, July 22, 2008; Despite median house prices dropping more than 20 percent in the past year, affordability remains a long-term problem that could stop industries and workers from moving to Southern Nevada, according to a study.
Despite low prices, it’s tough to buy: Loans have become a lot harder to get — and about that down payment ...; Sunday, March 9, 2008; Even as a sharp drop in the valley’s housing prices might pique the interest of buyers who have been on the sidelines, the credit crunch is creating higher hurdles for those looking to enter the market.
Housing market downturn hits new low: Foreclosure number spikes as home sales plummet; analysts see no end in sight; Tuesday, Feb. 19, 2008; In a sign the Las Vegas housing market continues to deteriorate, foreclosures in January surpassed the sales of new and existing homes for the first time during the downturn.
Vegas area median home price sinks below $250,000: For some, passing of mark may be sign it’s time to buy; Friday, Feb. 8, 2008; The median price of homes in the region has dropped below $250,000, a symbolic threshold in the local market that suggests many Nevadans can once again afford to buy — even as others are suffering from declining prices and higher mortgage rates.
BLM looks at better way to unload land: Saturday, Nov. 10, 2007; With the real estate market sagging, the Bureau of Land Management says it might sell federal land at lower prices - a policy change that could lead to cheaper housing in Southern Nevada.
Home prices still far from affordable: Sunday, Aug. 12, 2007; Prices for new and resale homes continue to slowly but steadily drop - bad news, maybe, for people who hoped to make a quick profit on home sales, but a glimmer of good news for champions of Las Vegas as a town of blue-collar homeowners.
Again in June, foreclosures hit Nevada harder than any other state: Sunday, July 22, 2007; Again in June, foreclosures hit Nevada harder than any other state
So much land, but so few buyers: Sunday, July 15, 2007; The next major auction of federal land for new housing tracts in the Las Vegas Valley won't occur until November 2008, in part because builders aren't clamoring to build more neighborhoods, or local planners haven't yet prepared for them.
Build it, so teachers will come: Tuesday, July 3, 2007; A developer donated 4 acres in Henderson worth more than $2.6 million as part of a plan to build affordable housing and help recruit teachers to the Clark County School District.