Las Vegas Real Estate News
Real Estate news for Las Vegas, NV continually updated from thousands of sources.
Monday Aug 22 | via Seeking Alpha
Home sales plunged 10.9% across the US in July from a year ago, "the biggest national sales decline since April 2011," nationwide real estate broker Redfin reported, adding chillingly, "but there's a good reason not to panic." When insiders tell outsiders "not to panic," I get worried. Comment?
Mar 27, 2015 | via Las Vegas Review Journal
Real estate investors who took advantage of a Nevada law during the foreclosure crisis to acquire several thousand foreclosed homes at bargain prices got what could be bad news recently courtesy of the 9th Circuit Court of Appeals. In a 2-1 decision Aug. 12, a court panel said a Nevada law requiring mortgage lenders to be alerted of a foreclosure by a homeowners association only if the lender had requested notice is unconstitutional. Comment?
Thursday Aug 18 | via Las Vegas Review Journal
Trey Beasley, 28, said he has never had a problem when taking out payday loans. He stands outside a payday loan store on West Washington Avenue in Las Vegas June 1, 2016. Comment?
Wednesday Aug 17 | via The Las Vegas Sun
An estimated 19.5 percent of Las Vegas-area homeowners with mortgages were underwater - meaning their debt outweighed their home's value - in the quarter ending June 30, according to listing service Zillow. That's down from 25 percent in the same period last year and far below its peak of 71 percent in early 2012. Comment?
Wednesday Aug 10 | via Las Vegas Review Journal
Researchers ranked the top 100 metro areas in the country, based on the number of households, to determine which spots matched up best for freelancers or those working from home. Researchers looked at factors such as: median metro home prices, cost of high-bandwidth internet connections, and costs of state and local taxes. Comment?
Tuesday Aug 16 | via The Record-Courier
The former chief pilot of the Nevada Department of Wildlife admitted in court on Tuesday to selling two blades taken from a state helicopter. Minden resident Robert Anthony Lloyd, 50, took two blades from the state's Bell Jet Ranger 206 stationed at Minden-Tahoe Airport. Comment?
Wednesday Aug 10 | via Nevada Business Journal
The Greater Las Vegas Association of REALTORSA reported that Southern Nevada home prices continued to rise as the local housing supply remained tight. Comment?
Tuesday Aug 9 | via KTVN Reno
A realty group says median home prices in southern Nevada are continuing to rise, inching up to $236,000 in July. The increase was less than 1 percent, but the Greater Las Vegas Association of Realtors reported Tuesday that the median sale price of existing single-family homes rose from $235,000 in June. Comment?
Monday Aug 8 | via Nevada Appeal
But Aaron West, CEO of the Nevada Builders Alliance and Andrew Haskin, director of business development for the Northern Nevada Development Authority , stressed that the community of almost 20,000 people could be ripe for exponential economic growth. West and Haskin spoke to a large group of city officials and residents at a breakfast meeting at Wigwam Restaurant and Casino Aug. 3. West indicated the influx of new residents to northern Nevada with the introduction of Tesla and subsequent development of Tahoe Reno Industrial Center. Comment?
Friday Aug 5 | via Nevada Business Journal
Mark Sivek, broker and salesperson at Realty One Group and a member of the Greater Las Vegas Association of REALTORS Board of Directors, was featured as a top real estate agent in the Nevada edition of Top Agent Magazine in August 2016. Comment?
2 min ago | via Korea Herald
The South Korean government said Thursday that it will control the number of houses and apartments supplied in the market, and strengthen regulations on mortgages as part of efforts to contain its household debt. With the country's household debt increasing at a fast pace on low interest rates this year, the Finance Ministry said that it will restrict the supply side of the housing market rather than the demand side to ease the debt problem, as well as housing oversupply. Comment?
3 min ago | via The Republic
The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more. They've pumped trillions into financial systems and driven interest rates about as low as they can go - even below zero in Europe and Japan. Comment?
3 min ago | via MarketWatch
Spain's robust economic expansion continued apace in the second quarter, defying concerns that eight months without an acting government would derail growth this year in one of Europe's economic bright spots. Spain's economy expanded by a better-than-expected 0.8% in the second quarter and grew 3.2% versus a year earlier, the country's statistics agency said Thursday. Comment?
33 min ago | via Inman Real Estate News
The average contract interest rate for 30-year fixed-rate mortgages increased to 3.67 percent from 3.64 percent. The refinance share of mortgage activity decreased to 62.4 percent of total applications from 62.6 percent the previous week. Comment?
33 min ago | via Inman Real Estate News
On August 29, 2016, the Federal Aviation Administration officially implements new, more relaxed regulations for how Realtors and other marketers use drones. A new real estate marketing era takes off on August 29, 2016, when the Federal Aviation Administration officially implements new, more relaxed regulations for how Realtors and other marketers use drones, or remote-controlled unmanned aircraft systems. Comment?
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