Charles and Roberta Ferraris are trying to do the right thing — to pay their debts and meet their obligations like they were taught by their parents. Money’s been tight since Charles got laid off from his casino job and Roberta had her hours cut at a local accounting firm.
WASHINGTON — The Pentagon would have more flexibility to assist military families in bad housing markets under legislation passed Friday that lawmakers said could help airmen stationed at Nellis and Creech Air Force bases.
It really didn’t take a $40,000 study from the Sierra Club to determine that Las Vegas was overbuilt, putting a strain on natural resources. Just look at the vacant buildings.
Home sales in Las Vegas increased in April while median prices fell by single-digit percentages and appear to have stabilized at the lower end of the market, Home Builders Research reported Monday.
Nevada has laid out its plans for spending nearly $103 million from the Emergency Stabilization Act, part of $1.5 billion in federal funding for the five hardest-hit states in the housing downturn.
The federal tax credit for first-time and move-up homebuyers expires Friday, taking away a “crutch” that has propped up Las Vegas home sales since it was extended last year, a local housing analyst said Wednesday.
MIAMI — Home prices in February posted their first annual increase since the end of 2006, lifted by temporary tax credits for homebuyers.
Las Vegas property values have declined to levels of 10 years ago, but will recover to 60 percent of their peakwithin three years, said Robert Lang, director of Brookings Institution at University of Nevada, Las Vegas.
