CARSON CITY — A conservative watchdog organization contended Monday that Assembly Speaker Barbara Buckley’s bill to reduce foreclosures will lead to lenders charging higher interest rates, pricing more people out of homes.
Housing
There was a time a few years ago when you could throw a dart at a ZIP code map of the Las Vegas Valley and be guaranteed to hit an area where home values are going up.
NEW YORK — Banks got bailed out. So did automakers. So why not struggling homeowners?
The housing market is so down in Las Vegas, it’s got the analysts depressed.
Nevada business and political leaders like some aspects of President Barack Obama’s $75 billion home loan plan although some question whether the administration is spending enough to help right the housing market.
Las Vegas home foreclosures declined 20 percent in January to 2,609 from 3,283 the previous month, online source Foreclosures.com reported Friday.
WASHINGTON — The biggest players in the mortgage industry are halting home foreclosures while the Obama administration develops its plan to help struggling homeowners.
Las Vegas businessman Robert McKenzie is taking a message of common sense to Washington, D.C., where lawmakers are crafting legislation to help homeowners facing foreclosure.
CARSON CITY — Conservative Republicans, banks and almost everyone else expressed tentative support Wednesday for Assembly Speaker Barbara Buckley’s bill to lessen the foreclosure crisis in Nevada.
After showing improvement in December, the Las Vegas housing market relapsed in January with a drop in sales and a steeper slide in prices.
CARSON CITY — Assembly Speaker Barbara Buckley introduced a bill Monday that she estimates could reduce the number of foreclosures of owner-occupied homes in Nevada by about 12,970.
CARSON CITY — State Housing Division officials said last week they received $24.3 million in federal money to help revitalize neighborhoods affected by foreclosure.
Yolande Walker, who lost her job as a commercial loan processor last March as the economy soured, stands on the third floor of the Henderson townhouse she purchased for $256,000 and talks about how she fights becoming homeless.
Maybe it’s the price point. Perhaps it’s the environmentally friendly construction. Or it might just be the new floor plans. For whatever reason, Villa Trieste, a new-home neighborhood that Pulte Homes opened Jan. 10 in Summerlin, posted the same number of sales in its first two weeks as most new-home communities can expect to sign in a month.
WASHINGTON — Sales of existing homes posted an unexpected increase last month, as consumers snapped up bargain-basement foreclosures in Nevada, California and Florida, closing out the worst year for the U.S. real estate market in more than a decade.
