LFC Group of Companies, the industry trailblazer in online real estate auctions, is spearheading a 30-day end of year closeout sale of homes in the Las Vegas area on its residential real estate auction website FRE.com(R) In the midst of a sluggish market, LFC is changing the way real estate is bought and sold with its [...] [...more]
Nevada’s unenviable streak of having the nation’s highest foreclosure rate has extended to its 20th month. Irvine, Calif.,-based RealtyTrac reported this morning that one in every 91 households received a foreclosure filing last month in Nevada. That’s up from one in every 106 households in July, and it’s an 89 percent increase over August 2007. California’s foreclosure [...] [...more]
One of Henderson’s largest private employers has sold land adjacent to one of its big properties — the Fiesta Henderson — to a developer who wants to build apartments for casino employees who would then be able to walk to work. But there’s a hitch: The builder wants permission to build 50 percent more units per [...] [...more]
Very early on in my investing career I received a great lesson in rental property ownership. In the early 1990s I saw the potential for the Las Vegas market and decided that it would be a good idea to have long-term investments in the area. At the time there were about 5,000 people moving there [...] [...more]
J.P. King Auction Co., a Gadsden, Ala.-based firm that specializes in high-value properties, said Thursday that it will manage the auction of 27 condominimums, homes and home sites at Lake Las Vegas. Companies affiliated with the developer of Lake Las Vegas filed for bankruptcy in July, but J.P. King spokesman Jose Boza said the properties’ sellers [...] [...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]
