Falling property values have generated almost a daily dose of depressing reports, but many people are finding one bright spot amid the gloom: lower taxes.
Housing
The worst year on record for the Las Vegas housing market is over, and the question now is whether it can sink any deeper in 2009.
On inauguration day for President Obama, a day filled with hope and promise, chief economists from a number of national organizations killed the joy with predictions of further doom and gloom at the International Builders Show in Las Vegas.
In many cities, the word redevelopment is reserved for decaying downtowns and old neighborhoods lost to crime and neglect.
Nobody needed sunglasses Friday at Las Vegas Housing Outlook 2009.
WASHINGTON — The nation’s foreclosure crisis is centered in four states. But taxpayers across the country will feel the pain of bailing them out.
In one of the more ominous signs of Las Vegas’ crumbling housing market, foreclosures nearly tripled in 2008 from the previous year, Sacramento, Calif.-based Foreclosures.com reported Wednesday.
The latest new-home community from Pulte Homes includes solar-power systems as a standard item in every home at Villa Trieste in Summerlin.
Home sales nearly tripled in December from the same month a year ago, though median prices declined 32.7 percent, the Greater Las Vegas Association of Realtors reported Thursday.
NEW YORK — Home prices dropped by the sharpest annual rate on record in October, and Las Vegas again was among leaders in losses, according to a closely watched index released Tuesday.
New mortgage applications, driven by requests to refinance at cheaper rates, are on the rise in Las Vegas.
WASHINGTON — U.S. home sales in 2008 are expected to be the worst in a decade, November data confirmed Tuesday, and there appears to be no quick turnaround coming next year.
Las Vegas, once the darling of the nation’s housing boom, is feeling unloved for the holidays.
