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Housing

Existing home sales in the U.S. decline; Las Vegas sales also slowing

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. to provide $32.7 million in principal reduction in Nevada

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.

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Pardee Homes, a force in Las Vegas home construction, has a new owner

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.

Home for sale: Asking $7.85 million, bitcoin welcome

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.

Observers see long-appreciating local home values slowing

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.

With notes of thanks, organization builds free Las Vegas home for veteran

A banner reading “Future Home of an American Hero: Army Cpl. Christopher Bales” hangs above the garage at a home in the 10000 block of Great Sioux Road. The home is a gift to Bales, who was selected in 2012 by PulteGroup and Operation Finally Home.

Gains in Las Vegas home prices slow, report notes

U.S. home prices rose more slowly in September than in August, a sign that weaker sales are preventing the kinds of sharp price gains that occurred earlier this year. The pattern was evident in Las Vegas, where prices rose 1.3 percent.

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