After showing improvement in December, the Las Vegas housing market relapsed in January with a drop in sales and a steeper slide in prices.
Housing
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.
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.
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.
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.
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