A Thursday report from California research firm RealtyTrac found that 38 percent of homeowners with mortgages in Nevada owed more on their home than the property was worth in December.
Housing
The local housing market ended 2013 the way it began — with big annual gains in prices, but experts say prices will stabilize in 2014. The median home price of $185,000 in December was up 24.2 percent from $149,000 in December 2012.
Las Vegas has a commercial real estate market like no other.
U.S. home prices rose in October from the previous year at the fastest pace in almost eight years, and Las Vegas led the nation in annualized gains.
If you like good news, 2013 had it.
The Federal Savings Bank, a privately-held bank based in Chicago, has expanded into Las Vegas with the opening of its 11th loan production office nationwide.
If you don’t like the postage stamp-sized lots that were popular in Las Vegas during the housing boom, take heart.
The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates have made home-buying more expensive, and the lingering effect of the October government shutdown might have deterred some sales.
Ocwen Financial Corp. will provide more than $32.7 million in principal reductions to underwater borrowers in Nevada, under a settlement announced Thursday that closes an investigation into the nation’s largest nonbank servicer of home mortgages.
A local home-building institution will soon have a new owner. Tri Pointe Homes of Irvine, Calif., is buying Pardee Homes as part of a multibillion-dollar builder buying binge set to close in the first half of 2014.
Jack and Laura Sommer’s house is pretty unusual. But what really stands out is that the Sommers will accept payment for it in bitcoin, a burgeoning digital currency.
A new law designed to make it harder for banks to foreclose on Nevada homes continued to weigh down the state’s default market in November.
A Monday report on local housing sales and prices showed few surprises. Recent year-to-year trends held steady in November, the latest numbers from the Greater Las Vegas Association of Realtors show.
Shadow housing supply? What shadow housing supply?
Whether you have to sit down, stand up, pass out or go limp, we’re preparing you for the day when your home’s value doesn’t appreciate 30 percent in one year.
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