The trend of more sales and lower prices in the Las Vegas housing market showed no signs of change last month. The Greater Las Vegas Association of Realtors said 2,783 single-family homes were sold by a Realtor in September. That’s an increase of more than 9 percent from a month earlier and up 181 percent from [...] [...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]
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 Summerlin area dropped last month from July as the median price remained the same, according to [...] [...more]
The dramatic federal takeover of two mortgage giants has already made it cheaper to borrow money for buying a home. What it has not done is guarantee that you can persuade a banker to loan you any money. Lower rates are good for sales, but nowhere near enough to turn around real estate, said economist Roger Tutterow [...] [...more]
The Cosmopolitan has become an unwitting symbol of the region’s economic downturn since the resort’s primary lender, Deutsche Bank, started foreclosure proceedings in January. Observers thought the massive project was doomed after its owner, developer and chief architect defaulted on more than $900 million in loans. Some doubted the $3 billion-plus project would be completed — [...] [...more]
