For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could drive stronger economic growth in coming months.
Housing
With the housing market slowly recovering, some family-owned landscaping companies are seeing a boost in business as homeowners look to give their abodes a makeover.
NEW YORK — Bank of America Corp., the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.
LOS ANGELES — Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others, and Nevada ranked high among states for foreclosure activity.
If you’re waiting for the local housing market to return to normal, you’re going to have to wait a little longer.
The city of Las Vegas is contributing $100,000 to Home Again, a program that aids homeowners.
WASHINGTON — U.S. home prices, led by a nearly 25 percent gain in Nevada, soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers are chasing fewer homes.
Nearly 37,000 Nevadans who went through foreclosure during the recession will receive a check this month as part of a massive, national settlement.
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.
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