The real estate market in Las Vegas has reached bottom and prices have stabilized, but lingering concern about the “ghost inventory” in the single-family residential market is keeping the recovery in check, a panel of experts said this week at the Suncoast.
WASHINGTON – Las Vegas registered its first year-over-year price gain in housing since January 2007 in a widely watched home price survey, but homeowners shouldn’t be totaling up their newfound equity just year.
Once the foreclosure capital of the nation, Las Vegas dropped to No. 25 in the third quarter with one foreclosure filing for every 139 households. Las Vegas had a total of 6,062 foreclosure filings in the third quarter, down 31 percent from the previous quarter and down 71 percent from the year-ago period.
Parts of the local economy remain mired in recession, but you wouldn’t know it from taxable sales figures.
The College of Southern Nevada and CSN Foundation will dedicate the Greater Las Vegas Association of Realtors classroom at 9:30 a.m. today in the C building on the Charleston campus.
U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders, a report released Thursday shows.
The legal cloud over the massive Inspirada housing project dissipated Friday as the developer dismissed a federal lawsuit against a landowner who had not signed a package of critical property rights.
