Housing
Las Vegas is now a city of renters, though it’s far less expensive to buy a home here than to rent one. From a peak of 64 percent in 2000, as measured by the U.S. census, Las Vegas Valley home ownership is now at 48 percent — and will continue to fall.
U.S. Rep. Joe Heck’s congressional office recently helped a senior couple refinance their mortgage. Working with their bank, the pair got a 30-year, fixed-rate loan that dropped their monthly payments from more than $900 to $500, he said Thursday.
Real estate investor Stephen Siegel said the move to impose a receiver on three of his Las Vegas suite properties has been settled on undisclosed terms.
When Pardee Homes built its first house in Las Vegas, nobody had heard of Elvis and you could talk to Howard Hughes without a Ouija board.
Irene Porter is retiring effective July 1 after nearly 35 years as executive director of the Southern Nevada Home Builders Association.
House hunters can’t be as picky in Las Vegas today as they were a year ago, especially if they’re looking for a bargain on a foreclosure home. There’s actually a shortage of those homes, roughly one month’s supply at current sales levels, local Realtors say.
WASHINGTON — People who have lost their homes in foreclosure could be given another chance to buy a house under a bill introduced Thursday in Congress.
