Home prices in Las Vegas jumped 27.1 percent in January compared with January 2012, picking up where they left off last year as the inventory of homes available for sale remains tight, the Greater Las Vegas Association of Realtors reported Friday.
Housing
Lender Processing Services Inc. said Thursday it has reached a $127 million settlement over its foreclosure practices with attorneys general from 46 states and the District of Columbia, leaving the complaint filed in 2011 by Nevada’s attorney general as the only unresolved lawsuit.
WASHINGTON – A measure of Americans who signed contracts to buy homes fell last month after reaching a 2½-year high in November. Sales were held back by a limited supply of available homes.
The inventory of high-rise condo units available for sale in Las Vegas grew by about 25 percent as 100 units at Veer Towers have come to the market, a local broker said Friday.
A foreclosure report from the Nevada Association of Realtors recommends that legislators amend AB 284 to resolve unintended consequences from Nevada’s robo-signing law.
John Stephenson expects to see a more positive outlook from exhibitors at the International Builders’ Show that runs today through Thursday at the Las Vegas Convention Center.
New-home sales jumped 42 percent in Las Vegas last year with 5,544 closings, putting an end to the declining housing market, analyst Dennis Smith said Monday.
The new phenomenon in Las Vegas is the vanishing “shadow inventory” of foreclosed homes being held by the banks, a private-home investor believes.
WASHINGTON – U.S. builders started work on homes in December at the fastest pace in 4½ years and finished 2012 as their best year for residential construction since the early stages of the housing crisis.
The Las Vegas housing market has turned the corner and should continue to show improvement in 2013 unless the government “screws it up,” a former economist for the National Association of Home Builders said Wednesday.
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.
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.
