Nearly 37,000 Nevadans who went through foreclosure during the recession will receive a check this month as part of a massive, national settlement.
Housing
WASHINGTON — Fewer Americans than forecast signed contracts in April to buy previously owned homes, indicating limited inventory is holding back further progress in the housing market.
A high demand for houses and a limited supply of sellers willing to part with their homes have driven housing prices up nationwide, with Las Vegas home prices growing at nearly double the U.S. rate.
As the recession recedes, Southern Nevada has fewer under-water homes.
WASHINGTON — Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Nearly 20,000 Nevada homeowners have received an average of about $97,000 as part of the $25 billion national settlement over questionable foreclosure and lending practices by some of the nation’s largest financial institutions.
The only bubbles in Las Vegas are in nightclub champagne.
Keeping your business afloat in a tough economy is one thing. Keeping your business afloat in a tough economy while finding time to volunteer at an animal shelter, compete in triathlons, help a child through a kidney transplant or battle cancer? That’s another level of achievement altogether.
The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help — if he could hire enough qualified people.
LOS ANGELES — Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened although Nevada borrowers still rank in the top five for delinquencies.
WASHINGTON — Residential real-estate prices increased in February by the most since May 2006, and Las Vegas showed the biggest adjusted monthly increase with prices climbing 2 percent.
It took husband and wife Rob and A.J. Tuttle half an hour to walk around the unfinished penthouse for sale at the top of Panorama Tower II.
WASHINGTON — U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring buying season.
A sluggish economy compounded by legislative and regulatory issues haven’t put a damper on the expectations of attorneys in Las Vegas. Most admit the industry shrank significantly during the recession, but adaptation has allowed many to survive.
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