Foreclosure filings in Clark County fell 3 percent from a year ago to 953 in December, and the inventory of homes in some stage of foreclosure dropped to 12,469 at the end of last year, compared with 21,539 at the end of 2011, ForeclosureRadar.com reported Wednesday.
Housing
The Las Vegas housing market went through a major transition from foreclosures to short sales in 2012, and the median single-family home price increased 24.2 percent to $149,000, the Greater Las Vegas Association of Realtors reported Monday.
Nevada Attorney General Catherine Cortez Masto rolled out an $11.7 million program Monday to provide a one-stop resource shop for homeowner relief.
Nevada Attorney General Catherine Cortez Masto will unveil the “Home Again” homeowner relief program during a press conference Monday at the Grant Sawyer Building.
The last-hour vote in Congress to avoid the “fiscal cliff” included a provision that extends the Mortgage Forgiveness Debt Relief Act through 2013, which is important to sustaining the nascent housing recovery in Las Vegas, local real estate professionals said Thursday.
The jump in Las Vegas home prices last year tilted the housing market back toward renting, online real estate service Trulia.com reported Wednesday.
Case-Shiller’s Home Price Index showed home prices rose 4.3 percent in the 12 months ending in October in the 20-city composite, with Las Vegas posting an 8.4 percent one-year gain and a 2.8 percent increase from September.
The new-home segment is finishing the year on a strong note with 596 sales in November, bringing the year-to-date total to 4,899, a 39 percent increase from a year ago, Las Vegas-based Home Builders Research reported Monday.
Lennar Homes purchased 167 finished residential lots in northwest Las Vegas for $5.2 million, or about $31,000 a lot, and plans to close escrow on another 160 lots early next year, Rick Hildreth of Land Advisors Organization said Thursday.
MGM Resorts International on Friday announced the bulk sale of 427 condo units at Veer Towers, the twin residential towers at CityCenter, for $119 million, or about $279,000 per unit.
WASHINGTON – U.S. builders broke ground on fewer homes in November after starting work in October at the fastest pace in four years. Superstorm Sandy likely slowed starts in the Northeast.
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