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Housing

Lender Processing Services to pay $6 million to Nevada in settlement

Nevada has reached a $6 million settlement with Lender Processing Services Inc. that resolves the state’s civil action alleging the firm violated the state’s deceptive trade practices act, the state attorney general announced Friday.

Nevada again posts one of higher foreclosure rates in U.S.

Nevada posted one of the highest foreclosure rates in the nation in January even as default activity declined across the state, according to a Wednesday report from California research firm RealtyTrac.

Las Vegas’ home prices up 23.3 percent from January ‘13, report shows

The median local price of an existing single-family home came in at $185,000 in January, according to new numbers from the Greater Las Vegas Association of Realtors. That was unchanged from December, but up 23.3 percent from $150,000 in January 2013.

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Attorneys for Sun City Summerlin residents press case to Nevada Supreme Court

Attorneys representing nearly 1,000 Sun City Summerlin residents whose individual damage claims were nearly all rejected by a jury in a massive construction defect dispute took their case to the Nevada Supreme Court on Wednesday.

U.S. home sales pause in December, but 2013 best in five years

U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of 2013 climbed to the highest level in five years.

New limit on FHA loans poses potential block to housing recovery

A housing market on the brink of recovery has a potential new hurdle in its way. Local real estate observers say they’re concerned about a Jan. 1 rule that dramatically lowered the size of mortgage the federal government will back in the Las Vegas market.

BLM sells 160 acres at auction for nearly $24 million

The Bureau of Land Management held a major land auction Thursday at its northwest Las Vegas field office, unloading more than 160 acres of property, much of it around Blue Diamond Road and in other parts of the southwest.

Firm ranks Nevada No. 2 nationwide for foreclosures in ‘13

Another year, another high foreclosure rate for Nevada. New numbers from Irvine, Calif., real estate research firm RealtyTrac ranked Nevada among the top five for foreclosure activity in 2013.

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