Look around most Las Vegas Valley neighborhoods and you will see the shattered pieces of the local housing market. Welcome to Cowboy Cross Avenue in North Las Vegas.
Housing
A homeowner regulatory commission Wednesday heard complaints from home buyers who say they are being hit with excessive collection agency fees for unpaid homeowner association bills.
There’s a rumbling in Las Vegas and it’s growing louder every day. It’s an uprising of distressed homeowners who feel betrayed by their government and frustrated by the financial system.
Home sales in Las Vegas increased 4.5 percent in February and median prices fell 12.8 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported. February’s 2,390 single-family home sales are “fairly solid” for what is traditionally a slow time of the year, Realtors association president Rick Shelton said Tuesday.
Fortunes have been made and lost on land deals in Las Vegas. Mostly lost, lately.
From affluent suburbs to inner-city neighborhoods, no part of Las Vegas was left unscathed by the precipitous drop in home values last year. Some suffered more than others, but everybody lost ground.
Wall Street analysts and Las Vegas real estate professionals say a slight thawing in the frozen Strip high-rise residential market might be taking place.
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