The percentage of single-family, owner-occupied homes in Clark County has been shrinking, an analysis of property records shows. Five years ago, 67 percent of single-family homes were owner-occupied. Presently, 60 percent of the 473,390 single-family homes in Clark County are owner-occupied.
From the ashes of the Las Vegas housing market crash have risen a number of small, private homebuilders who scooped up leftovers from financially distressed national builders and turned them into profitable opportunities.
If someone guarantees they can stop a home foreclosure, it’s probably fraud.
The long decline in home prices may lighten the tax load for Las Vegas homeowners, but it’s also left 75 percent of them “underwater,” or with negative home equity, meaning they owe more than their home is worth, First American CoreLogic valuation service reported.
The Las Vegas housing market may be starting the dreaded “double dip” as home sales and median prices declined in July from the previous month, the Greater Las Vegas Association of Realtors reported Monday.
New-home prices will drop another 5 percent this year and stay essentially flat in 2011 as builders compete with more foreclosures and short sales, a Las Vegas housing analyst said Thursday at his quarterly presentation.
More than 90,000 notices of default were recorded against residential and commercial property owners in Nevada in the last 12 months, according to a statement released by the Administrative Office of the Courts, which oversees the Nevada Foreclosure Mediation Program state lawmakers established in 2009.
