Home foreclosures are expected to top 30,000 in Clark County this year, compared with 11,509 in 2007, a California-based foreclosure investment firm reported.
Housing
A new report points to substantial undervaluation in local housing prices, though an economist who co-authored the study suggested the market’s worst price declines have passed.
People who are in danger of defaulting on mortgages with Countrywide or Bank of America can reserve time at a upcoming foreclosure prevention forum organized by the cities of Las Vegas and North Las Vegas.
There’s a light at the end of the foreclosure tunnel in Las Vegas.
A program to buy and renovate foreclosed and deteriorated homes and sell them to middle-income residents drew the attention of Gov. Jim Gibbons and banking officials who met Monday at the Sawyer Building in Las Vegas.
Las Vegas may be among the first markets to emerge from the housing slump clutching the nation as monthly sales have picked up and prices appear to be reaching the bottom, a local housing analyst said Tuesday.
The city of Las Vegas’ plan for allocating $20.7 million in housing funds would help get occupants into an estimated 298 foreclosed properties — a number representing a fraction of the thousands of troubled properties in Las Vegas alone.
A furrowed mountain blocks all but a sliver of morning sun, casting a shadow across a Western-themed park and a cluster of neighborhoods.
Sun City Anthem rests on the northern slope of Black Mountain, giving homeowners a peaceful view of the Strip below.
Las Vegas has to endure more pain ahead, but the city’s classic fundamentals are still in place for opportunity and growth, economist and housing analyst Tim Sullivan of Sullivan Group Real Estate Advisors said Thursday.
Anyone looking for a glimmer of economic hope may have found it Wednesday at an Urban Land Institute panel discussion on emerging real estate trends in Las Vegas.
Reflecting a national trend, the number of preforeclosure filings and real estate-owned, or bank-owned properties, in Las Vegas fell in October from the previous month, Foreclosures.com reported Tuesday.
The number of homes available for sale in Las Vegas has receded from last year’s peak and monthly closings have nearly tripled, the Greater Las Vegas Association of Realtors reported Monday.
The tough emotional impacts of the Silver State’s foreclosure crisis had Southern Nevadans of all ages reaching out for help Saturday morning.
Two years ago, an 86-year-old woman got a 40-year, $274,000 mortgage with an introductory rate of 1 percent. Her monthly payment was a little more than $500 — but her income consists of only an $830 monthly Social Security check.
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