A day after Southern Nevada lost out on a $367 million federal grant to help address the area’s foreclosure crisis, local officials got an explanation for the denial from the U.S. Department of Housing and Urban Development.
Housing
Nevada’s congressional delegation demanded answers Thursday after the Las Vegas Valley did not receive a penny of nearly $2 billion in federal stimulus money aimed at helping areas most affected by the nation’s housing crisis.
Bank of America expects to release about 6,000 foreclosed properties into the Nevada housing market in 2010, or about 500 a month, an executive with the bank said Wednesday.
MIAMI — A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.
Mortgage brokers, the independent businesses that promise to help home buyers find the best mortgage loan, are becoming an endangered species, local industry leaders say.
The Las Vegas housing market ended 2009 with a trend of declining inventory and increasing sales, December statistics from the Greater Las Vegas Association of Realtors showed.
Beginning Feb. 1, seniors needing assistance to pay property tax or rent can apply for help through the Clark County assessor’s office.
CARSON CITY — Gov. Jim Gibbons on Monday extended a 4-year-old program that assists first-time home buyers in Nevada’s smaller communities.
A record-setting 6,000 property owners in Clark County challenged their assessed values in 2009, contending they were too high. The number of appeals could rise this year as property values continue to tumble.
WASHINGTON — Once again, Las Vegas leads the nation — in annual home price decreases.
Spurred by low prices and extension of the federal tax credit, existing-home sales in Las Vegas increased 50.8 percent to 3,952 in November, Las Vegas-based Sales- Traq reported Tuesday.
A cloud of foreclosures will hang over Las Vegas for at least a couple of more years and median prices will continue to fall in 2010, most likely by double digits, executives from two California-based real estate tracking firms said Tuesday.
WASHINGTON — Nevada still has the highest foreclosure rate within the U.S., but Las Vegas is no longer No. 1 among cities, a report being released today shows.
Las Vegas housing prices remained flat in November, while single-family home sales went into their seasonal slump at 3,117 closings, up 42.8 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported Tuesday.
1
2
3
4
5
Las Vegas substitute teacher arrested after fight at high school
An artificial mind with a lifelike body: Las Vegas man brings creations to life
Raiders pull draft-night stunner, select tight end in 1st round
Here’s how much a single adult needs to make to ‘live comfortably’ in Las Vegas
CARTOONS: No wonder people worry about global warming