Las Vegas Real Estate

Las Vegas Sun Stories: Real Estate in Crisis

URL: http://www.lasvegassun.com/news/topics/real-estate/

Updated: 13 hours 52 min ago

Nevada investors sue over San Antonio land deal

Fri, 02/03/2012 - 02:31

Nevada investors who put up $65 million for a land development deal involving Texas A&M University charge in a new lawsuit that they were damaged by misconduct and self-dealing by the project’s former managers and a prominent San Antonio attorney.

Foreclosure processor fights Nevada attorney general's robosigning lawsuit

Tue, 01/31/2012 - 20:56

Saying there’s nothing illegal about “robosigning” and “surrogate signing,” a big processor of foreclosure paperwork is seeking dismissal of a fraud lawsuit filed by Nevada’s attorney general.

Las Vegas home prices sink to 1997 level, Standard & Poor's reports

Tue, 01/31/2012 - 17:16

Las Vegas-area home prices fell in November to a level last seen 15 years ago and will likely keep dropping through late 2013, says new housing data.

Freddie Mac bets against homeowners stuck in high-rate mortgages

Tue, 01/31/2012 - 10:00

Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.

On the auction block: 12-bedroom, 16-bathroom, $14 million mansion

Tue, 01/31/2012 - 10:00

Up a cobblestone path and behind the large, white double doors of a Mediterranean-inspired home in the Spanish Trail community sits a gleaming monument to when economic times were good in Las Vegas. The entrance of the home opens into a shining white interior, with pristine marble floors stretching in all directions, framed by 30-foot ceilings above.

Attorneys hit Nevada foreclosure processors with class-action suit

Tue, 01/31/2012 - 02:20

Two attorneys announced Monday they’re suing six companies they claim have been processing Nevada home foreclosures without authorization. Attorneys Nicholas Boylan of San Diego and Shawn Christopher of Henderson said they filed suit last month in Clark County District Court and are seeking class-action status on behalf of 16 Nevadans named as plaintiffs and potentially thousands of more plaintiffs as class members.

Investors sue Mountain's Edge HOA

Mon, 01/30/2012 - 19:43

The Mountain’s Edge planned community homeowners association is the latest to be sued by investors in Las Vegas-area foreclosed homes. The investors, who already have filed complaints against scores of HOAs with state real estate regulators, lately have also been suing individual HOAs.

New law has stalled, not stifled, foreclosures

Sun, 01/29/2012 - 10:01

Banks have stopped filing new foreclosure notices in Nevada, but that doesn’t mean the housing crisis has passed. In fact, bankers say a new law has put bank foreclosures on hold and is preventing the Las Vegas housing market from finally hitting bottom.

Las Vegas-area real estate brokerage cuts ties with Coldwell Banker

Fri, 01/27/2012 - 20:37

A shake-up was announced in the Las Vegas residential real estate market on Friday, with Wardley Real Estate saying its longtime relationship with franchisor Coldwell Banker has ended.

State treasurer: Fannie and Freddie need to ‘show me the money’

Wed, 01/25/2012 - 10:00

When a home is sold, buyers and sellers in Nevada — from big banks to investors to first-time homebuyers — have to pay a real property transfer tax. Except for Fannie Mae and Freddie Mac. The state’s treasurer wants Nevada to yank a little-noticed exemption for the federal mortgage giants.

Your next landlord in Las Vegas could be a hedge fund

Tue, 01/24/2012 - 10:00

Hedge funds could be the next big player in the Las Vegas real estate market. And I’m not talking about apartment complexes or commercial property. I’m talking single-family homes.

Should Vegas housing go back to the drawing board?

Sat, 01/21/2012 - 10:00

I’m standing with architect Eric Strain outside a home perched on a hillside in Summerlin. The sun is setting behind us, the salmon-colored sky now bleeding into indigo darkness. We are looking east toward the Strip, its lights just beginning to shimmer.

Outlook for Las Vegas retail centers remains turbulent

Wed, 01/18/2012 - 10:00

The retail sector of the commercial real estate market remains choppy in the Las Vegas area. In a probable repeat of 2011, some strip malls and power centers are expected to thrive in 2012, while others will likely face financial troubles because of high vacancy rates and tenants struggling to pay their rent.

As other retail centers struggle, why are these two doing well?

Wed, 01/18/2012 - 10:00

While empty retail space abounds in Southern Nevada, the drawing power of Target has helped two shopping centers in Henderson survive and even grow during the recession.

Notes and news from the Las Vegas real estate industry

Mon, 01/16/2012 - 11:00

Briefs and notes from the world of real estate in Southern Nevada.

2011 another awful year for foreclosures in Nevada and Las Vegas

Thu, 01/12/2012 - 05:01

Year-end statistics for 2011 show Nevada and Las Vegas maintained their dubious No. 1 spots on the lists of states and cities hit hardest by home foreclosures. During 2011, more than 6 percent — one in 16 — of Nevada housing units received at least one foreclosure filing.

2011 ended with lower Las Vegas home prices

Tue, 01/10/2012 - 17:13

Home prices in Nevada and Las Vegas continued to fall during the last two months of 2011, two new reports show. CoreLogic of Santa Ana, Calif., which tracks home prices, said existing home prices in the Las Vegas area in November were down 10.8 percent from November 2010.

Judge signs off on LVH casino takeover

Tue, 01/10/2012 - 05:01

A state judge has approved an agreement in which a receiver will be put in charge of the former Las Vegas Hilton, including its gaming operations. The 2,950-room Paradise Road property defaulted on its $252 million mortgage last year and was hit with foreclosure proceedings by lender — and hotel investor — Goldman Sachs, in September.

Las Vegas office market ended year with higher vacancies

Mon, 01/09/2012 - 20:03

Continued weakness in the recession-ravaged Las Vegas-area office market highlights the first commercial real estate statistics issued for the fourth quarter of 2011.

Home builders catering to extended families

Wed, 12/28/2011 - 10:00

Multigenerational houses — those with attached in-law suites or backyard casitas meant to accommodate grandparents, adult children or other extended family members — are being added to the valley’s landscape with increasing frequency.

Cities We Serve

Las Vegas home inspector, Henderson home inspector, Boulder City home inspector, Mount Charleston home inspector, Lake Las Vegas home inspector

Las Vegas home inspector offers FREE REINSPECTIONS AND FREE CONSULTATIONS on all home inspections in Las Vegas, Henderson, North Las Vegas, Lake Las Vegas, Boulder City, Mount Charleston and surrounding areas of Clark County Nevada. Your Las Vegas home inspection is performed by an experienced and qualified Las Vegas home inspector. A Vesta Inspection will give you everything you will need to make an informed and intelligent decision!