Realtors lobbyist Jerry Giovaniello thinks he has better than a 50-50 chance of getting Congress to extend the $8,000 tax credit for first-time homebuyers past its Dec. 1 deadline.
Housing
Sales of single-family homes, condos and townhomes reached a record 4,702 in June, topping the previous record of 4,414 set in June 2004, the Greater Las Vegas Association of Realtors reported Wednesday.
As the foreclosure crisis drags on, four local governments are banding together to pursue $367 million in federal money to rid neighborhoods of empty houses.
On its Web site, Your Credit Angel LLC promises to help financially struggling consumers get home loan modifications.
Housing and Urban Development Secretary Shaun Donovan stood at a street-side podium between two houses on Pine Valley Drive in Las Vegas.
Under rules adopted Tuesday by the state Supreme Court, homeowners facing foreclosure will have a chance to modify loan agreements with their mortgage companies.
Call him a dreamer, but Panorama Towers developer Laurence Hallier is convinced somebody can make $10 million in the next three to five years on the purchase of his three-level, 7,000-square-foot “chairman’s penthouse,” advertised in the Las Vegas Review-Journal for $2.8 million.
Now that Nevada law allows public housing agencies to consolidate, the valley’s three housing authorities will move quickly toward becoming one “superagency” that would be among the largest of its kind in the country, officials said.
Sales of existing homes increased for the fourth straight month in May and signs of a price bottom are starting to appear, Las Vegas housing analyst Dennis Smith said Wednesday.
LOS ANGELES — Home sales in the Western United States posted a 9 percent annual increase in May as homebuyers jumped on low interest rates and falling prices, according to two reports released Tuesday.
A wave of foreclosures is expected to hit Las Vegas as banks lift a voluntary moratorium that was extended from March to the end of May, though nobody has an accurate estimate of how many bank-owned homes will be added to an already bulging inventory.
CARSON CITY — Lawyers and residents warned the Supreme Court on Tuesday that banks and mortgage loan companies might try to circumvent a new state law designed to reduce the number of foreclosures in Nevada.
If everybody followed the rules, David Stone would be out of business.
It was a symbol of Las Vegas largesse during the good times. Now it’s an emblem of recession blues.
