New numbers from real estate website Zillow showed that the Las Vegas Valley’s share of homes that are under water, or worth less than the mortgage owed on them, waned significantly in the three months that ended in September.
Housing
They designed, built or marketed more than 23,000 hotel rooms, 40,000 homes, 15 master-planned housing communities and even a few prisons, schools, banks and grocery stores.
For most people – especially those who live in Las Vegas – the average monthly rent is $1,000. But Steve Wynn isn’t your average renter.
A divided Nevada Supreme Court sided with bankers on Wednesday when deciding how much borrowers could owe if they lose their houses or commercial developments through foreclosure.
New figures from the U.S. Census Bureau show that Nevada’s housing crash topped busts in every state except California. What’s more, Clark County hung with the worst of them for value drops and homeownership declines.
Stop us if you’ve heard this before. Nevada ranked among the nation’s top states for foreclosures, according to a report Wednesday.
Fewer U.S. homeowners are falling behind on their mortgage payments, aided by rising home values, low interest rates and stable job gains.
Castle & Cooke Mortgage LLC has agreed to a pay a $13 million penalty for allegedly steering consumers into costlier mortgages under an agreement reached with the federal Consumer Financial Protection Bureau.
Banks took an expected break from starting foreclosures in October, as a new state law governing home repossessions took effect.
The roller coaster ride is coming to an end. That’s the word from the Greater Las Vegas Association of Realtors, which reported overall stabilization in the Las Vegas Valley’s housing market in October.
The state Department of Business & Industry gave the Silver State a C on its third quarter Housing Stability Index. That grade might not overwhelm you, but it shows steady progress.
Prices in Las Vegas rose 29.2 percent from a year earlier, the fastest pace in the nation. But they are still 47 percent lower than they were before the housing market collapsed.
The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have made purchases more costly.
Purchases of previously owned U.S. homes fell in September for the first time in three months, retreating from an almost four-year high as rising prices and mortgage rates discouraged would-be buyers.
A Deutsche Bank unit has reached an $11.5 million settlement with the state’s attorney general to resolve a nearly two-year investigation into its role in funding subprime mortgage loans in Nevada.
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