Home prices in 20 major U.S. cities fell 0.9% in July and were down 16.3% in the past year, according to the Case-Shiller home price index released Tuesday by Standard & Poor’s. In the smaller sample of 10 cities, prices fell 1.1% in July and 17.5% in the past year. Prices fell in 13 cities [...] [...more]
Hollywood, Bollywood and Dollywood. How confusing. However, Las Vegas is fast becoming Hollywood East, or L.A. East or however you wish to express it. Let’s face it, we’re becoming some version of Hollywood — even down to the traffic, house prices and style. The young, hip, Hollywood set flocks here for our hotels and casinos that [...] [...more]
Home sales in the valley took their first downturn in 2008 in August but remained relatively strong as the price of existing homes continued downward, the Greater Las Vegas Association of Realtors reported. New and existing home sales in the Silverado area increased last month from July as did the median price, according to statistics from [...] [...more]
The run of seven consecutive months during which home sales increased ended in August, but sales remained strong compared with last year, and inventory was whittled down - good signs for the housing market’s eventual recovery. The 2,545 sales in August were 93 percent more than in August 2007, according to the Greater Las Vegas Association [...] [...more]
No metropolitan area has seen prices fall as much in the past year as in Las Vegas. That’s the latest, according to the S&P/Case-Shiller U.S. National Home Price Index, which looks at 20 cities across the country. Las Vegas recorded a 28.6 percent decline in the past year, according to most recent survey. That barely surpasses Miami, [...] [...more]
Sales of existing houses rose last month, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. However, the number of unsold properties hit an all-time high, the latest indication that the worst housing slump in decades is far from over. Prices nationwide are not predicted [...] [...more]
National U.S. home prices fell a record 15.4% in the second quarter compared with last year, according to a report released Tuesday. The latest S&P/Case-Shiller national home price index is down 18.2% from its peak in the second quarter of 2006, and there are no signs that the pace of home-price declines is easing. The second-quarter [...] [...more]
Henderson plans to ask the Nevada Legislature next year to pass a bill that would require homeowners associations to maintain the block walls around the neighborhoods they represent. At present, city officials say, many communities have no clear guidelines on whether that responsibility falls on the association or individual homeowners whose homes abut the wall. “As our [...] [...more]
Sales of existing homes rose in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. However, the number of unsold properties reached an all-time high, the latest indication that the worst housing slump in decades is far from over. The National Association of Realtors reported [...] [...more]
Developer Jim Letchinger is “proceeding cautiously” with construction of the $50 million Mercer condominium project on Tropicana Avenue west of the Las Vegas Beltway. Letchinger, president of Chicago-based JDL Development, said the 113-unit midrise condo project is about 60 percent sold and scheduled to open by the middle of next year. Even as the Las Vegas housing [...] [...more]
