Housing
Home sales in Las Vegas increased to 3,175 in March, up 32.8 percent from the previous month and up 6.5 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported Wednesday.
In Southern Nevada, an area known as ground zero of the nation’s housing crisis, far fewer people than expected have received home loan modifications through a $75 billion stimulus program designed to reduce the impact of foreclosures on communities.
Look around most Las Vegas Valley neighborhoods and you will see the shattered pieces of the local housing market. Welcome to Cowboy Cross Avenue in North Las Vegas.
A homeowner regulatory commission Wednesday heard complaints from home buyers who say they are being hit with excessive collection agency fees for unpaid homeowner association bills.
There’s a rumbling in Las Vegas and it’s growing louder every day. It’s an uprising of distressed homeowners who feel betrayed by their government and frustrated by the financial system.
Home sales in Las Vegas increased 4.5 percent in February and median prices fell 12.8 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported. February’s 2,390 single-family home sales are “fairly solid” for what is traditionally a slow time of the year, Realtors association president Rick Shelton said Tuesday.
Fortunes have been made and lost on land deals in Las Vegas. Mostly lost, lately.
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