The company behind a controversial proposal to use eminent domain to seize mortgages has set its sights on North Las Vegas, where a majority of homeowners are eligible to reduce their loan payments through the program.
Housing
CARSON CITY — Construction defect laws intended to protect consumers have morphed into a trial lawyer’s dream and a nightmare for Nevada’s building trades, putting many out of business and sending the cost of insurance skyrocketing, representatives of the homebuilding and construction industry said Friday.
WASHINGTON — U.S. home prices rose in February by the largest amount in seven years, evidence that the housing recovery strengthened ahead of the all-important spring buying season.
An Assembly bill submitted in March would modify a controversial requirement that delays real estate lenders from foreclosing on properties secured by a residential loan.
Las Vegas is seeing “extraordinary market conditions” with a 90 percent increase in residential land prices from a year ago and 37 percent increase in total sales volume, a local land expert said.
Think of angel investors, and you probably imagine business startups.
After a four-year run on Eastern Avenue that ended in 2010, Bonefish Grill is giving Las Vegas a second chance with its new location at Town Square, a shopping and entertainment mall.
When Brian Burton took over as president and chief executive officer of Three Square Food Bank two years ago, he traded life in Dallas for the bright lights of Las Vegas.
After spending years deep in the red, Las Vegas home price appreciation rates returned to the black in 2012 in all but three of the valley’s 58 ZIP codes, SalesTraq housing research firm reported.
Delays in the foreclosure process are leaving thousands of Nevada homes vulnerable to vandalism and deterioration, an executive for RealtyTrac said Thursday.
WASHINGTON — Fewer Americans signed contracts to buy homes in February, but the level stayed close to a nearly three-year high. The report suggests sales of previously occupied homes will keep rising in the coming months.
WASHINGTON — U.S. home prices, including those in Las Vegas, rose in January at the fastest pace since the summer of 2006, just before the housing bubble burst. The gain shows the housing recovery is strengthening ahead of the spring buying season.
The government has thrown hundreds of millions of dollars at fixing Nevada’s beleaguered housing market, though very little of the money has trickled into the hands of people who need it most. Nevada remains one of the states with the highest rate of foreclosure filings, homes with negative equity and people living in their homes without making mortgage payments.
Homebuilders in Las Vegas recorded 510 new-home sales in February, about the same as in January, with a median price of $234,467, Home Builders Research reported Thursday.
Nevada had the highest percentage of mortgaged properties with negative equity in the fourth quarter at 52.4 percent and an average loan-to-value ratio of 103.7 percent, analytic firm CoreLogic reported Tuesday.
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