CARSON CITY — Gov. Jim Gibbons on Monday extended a 4-year-old program that assists first-time home buyers in Nevada’s smaller communities.
Housing
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.
Homeowners struggling to avoid foreclosure got some good news Tuesday.
While the Las Vegas housing market is showing signs of recovery, it’s still feeling the effects of a lingering headache from “irrational exuberance” created by the housing boom from 2004 to 2006, a local housing analyst said.
CityCenter residential officials believe last week’s opening of the $8.5 billion project, coupled with a 30 percent price reduction implemented in October, will be enough of a catalyst to spur sales in the project’s remaining high-rise condominiums.
WASHINGTON — Las Vegas’ housing industry got more bad news Tuesday.
WASHINGTON — The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery.
Things aren’t as bad as they could be in the Las Vegas housing market, which is a piece of positive news to take into the end of one of the worst years on record.
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