Las Vegas Housing and Real Estate News

  • Desert Underwater

    The meltdown in the housing market has focused media, public, and government attention on those who lost - be it a job, a home, or savings accounts. However, not everyone was a loser during the crisis.

  • Tuesday, November 8 2011 10:50 AM EST2011-11-08 15:50:02 GMT
    Real estate agents in Las Vegas say there were more homes sold in October compared to the year before, but home prices continued to fall.

  • Saturday, November 5 2011 10:01 AM EDT2011-11-05 14:01:23 GMT
    Nevada still leads the nation in foreclosures, but an interesting trend is happening. The foreclosure filings have suddenly dropped. While it may look like good news on the outside, experts say it probably won't last.

  • Thursday, October 27 2011 7:16 PM EDT2011-10-27 23:16:23 GMT
    Metro police say rental scams are on the rise and what makes it difficult to stop is that the fraud can come from many different directions. Inside, links to help you avoid getting caught in a rental scam.

  • Tuesday, October 11 2011 1:16 PM EDT2011-10-11 17:16:27 GMT
    Home sales continue on an upswing from one year ago but prices have fallen again, according to the Greater Las Vegas Realtors Association.

  • Wednesday, August 31 2011 12:52 PM EDT2011-08-31 16:52:32 GMT
    Nevada's attorney general wants a federal judge in a big mortgage fraud case to set aside an earlier consent judgment so the state can sue Countrywide Financial Corp. and Bank of America for consumer fraud.

  • Friday, August 12 2011 7:32 PM EDT2011-08-12 23:32:02 GMT
    Nevada is among the top 10 states for having the worst mortgage fraud. One local woman found out the hard way and lost her money.

  • The office of Nevada Senator Harry Reid will host a home foreclosure prevention workshop on from 10 a.m. to 4 p.m. Saturday in Las Vegas at Consumer Credit Counseling Services, 2650 S. Jones.

  • Saturday, July 30 2011 12:48 AM EDT2011-07-30 04:48:40 GMT
    Help can often seem out of reach for the tens of thousands of Nevada homeowners underwater in their mortgages. But despite growing pains, the state's Foreclosure Mediation program is making strides to get the banks and homeowners on the same page.

  • Tuesday, May 24 2011 6:44 PM EDT2011-05-24 22:44:45 GMT
    One in every 97 homes in Clark County receives a foreclosure notice. It's a desperate time for homeowners who want to get help from their banks and save their homes. Wells Fargo is holding a home preservation workshop this week.

  • A group of housing organizations are banding together to host a foreclosure workshop. Residents facing foreclosure can receive help during a Home Rescue Fair at the Palace Station.

  • The latest in a series of foreclosure prevention workshops hosted by the office of Nevada Senator Harry Reid will be held Saturday.

  • Tuesday, March 15 2011 7:13 PM EDT2011-03-15 23:13:15 GMT
    Nevada's building boom over the last decade has ended in a record number of empty homes. Newly released Census data shows nearly 168,000 empty houses in the state last year, more than double the number in 2000.

  • Thursday, March 3 2011 8:27 PM EST2011-03-04 01:27:41 GMT
    If you're one of the thousands of Clark County residents having trouble making your mortgage payment, help may be on the way.

  • Monday, February 21 2011 7:54 PM EST2011-02-22 00:54:03 GMT
    One local home builder says the market for high-end homes is improving. Ground was broken at luxury building site in Henderson last week. Some of the homes will sell for as much as $3 million.

  • Thursday, February 17 2011 6:42 PM EST2011-02-17 23:42:55 GMT
    A neighborhood in the northwest part of the Las Vegas valley is getting millions of dollars from the federal government to rehabilitate abandoned and foreclosed homes.

  • A local homebuilder broke ground Thursday on a new home community in Seven Hills. The homes will range in price from $750,000 to $3 million.

  • Thursday, February 17 2011 1:38 AM EST2011-02-17 06:38:37 GMT
    The Nevada Attorney General's Office has received a financial boost from the federal government to punish people who scam Nevada homeowners. The U.S. Department of Justice recently awarded a huge grant to state investigators who pursue criminals behind mortgage fraud.

  • Tuesday, February 8 2011 7:11 PM EST2011-02-09 00:11:46 GMT
    The Department of Housing and Urban Development or HUD has hundreds of homes for sale in the Las Vegas valley market and the homes are in neighborhoods including Summerlin, Rhodes Ranch and Mountain's Edge.

  • Friday, January 28 2011 6:41 PM EST2011-01-28 23:41:33 GMT
    Over the past few years, the prices of homes took a nose dive in Nevada. In Clark County, thousands of people are appealing their latest property tax assessments. Those hearings took place Friday at the Clark County Government Center.

  • Thursday, January 27 2011 7:45 PM EST2011-01-28 00:45:01 GMT
    Drive down any residential block in Las Vegas and you will probably find a foreclosed home. Many of those former homeowners say they didn't know where to get help or who to trust.

  • Tuesday, January 25 2011 1:26 PM EST2011-01-25 18:26:17 GMT
    A report released by a realtors association shows that nearly one in four people who lost their homes to foreclosure admitted to walking away from the home.

  • Thursday, January 20 2011 6:41 PM EST2011-01-20 23:41:25 GMT
    Nevada is ground zero for home foreclosures. However, the Obama Administration and a group called Hope Now are in Las Vegas to give homeowners on the verge of foreclosure some options on what to do next.

  • Three Henderson seniors now have a new place to call home thanks to a collaborative effort to renovate foreclosed homes.

  • Wednesday, January 12 2011 7:35 PM EST2011-01-13 00:35:44 GMT
    Although home prices decreased from November to December, more homes were sold, according the Greater Association of Realtors.

  • Tuesday, January 11 2011 9:23 PM EST2011-01-12 02:23:41 GMT
    Nevada' former Assembly speaker says the state's foreclosure mediation program has largely worked in its first full year, keeping nearly half its participants in their home and avoiding foreclosure in nearly nine in 10 cases.

  • Investigative Reporter Jonathan Humbert and Photojournalist Alex Brauer

    Friday, December 17 2010 10:11 PM EST2010-12-18 03:11:52 GMT
    Nevada's foreclosure problems still haven't slowed. Sales are dipping and some homeowners are turning to lawsuits to stop what they call fraud and ripoffs.

  • Tuesday, December 14 2010 6:11 PM EST2010-12-14 23:11:16 GMT
    A new state law likely to go into effect on New Year's Day could tell you a lot about the next home you buy. But if you are trying to sell, it could mean extra cost in an already tough market.

  • Thursday, December 9 2010 5:45 PM EST2010-12-09 22:45:13 GMT
    Southern Nevada home sales saw a slight increase last month, but prices are still much lower from what homeowners paid years ago. With new value assessments going out next week, people fear they may be paying too much for their property tax.

  • Henderson has become the first municipality in the valley to require fire sprinklers in new homes.

  • Monday, December 6 2010 7:34 PM EST2010-12-07 00:34:17 GMT
    Not long after the foreclosure crisis hit Nevada, lawmakers created a special mediation court to help people stay in their homes. Now that process is changing in hopes of making sure more people take advantage of it and to help those already going through it.

  • Tuesday, November 30 2010 5:58 PM EST2010-11-30 22:58:11 GMT
    Just five years ago, Las Vegas was booming and in the midst of a housing bubble. But that bubble burst, leaving home prices plummeting. Now for the first time in years, housing prices are climbing again.

  • Friday, November 12 2010 7:26 PM EST2010-11-13 00:26:51 GMT
    Instead of quietly packing up and leaving, some residents are fighting back against foreclosure by speaking up and looking for solutions to prevent it. Hearing their concerns, City Councilman Steve Ross organized a meeting Friday with banks and lawmakers to bring residents relief.

  • Wednesday, November 10 2010 2:00 AM EST2010-11-10 07:00:26 GMT
    Las Vegas leads the nation in foreclosure filings with more than five times the national average. That is why several homeowners met with industry experts at an informational session Tuesday night.

  • Wednesday, October 27 2010 11:29 AM EDT2010-10-27 16:29:12 GMT
    Sales of new homes improved last month after the worst summer in nearly five decades, but not enough to lift the struggling economy.

  • Thursday, September 9 2010 4:29 PM EDT2010-09-09 21:29:41 GMT
    The Greater Las Vegas Association of Realtors says fewer homes were sold in August but prices were higher than one year ago.

  • Friday, September 3 2010 7:13 PM EDT2010-09-04 00:13:05 GMT
    When money is tight, struggling Nevada families turn to a food bank to fill the dinner table. Scrounging to pay bills, feeding a pet can become financially impossible. A local effort aids families to prevent them from giving their animals up.

  • Wednesday, August 25 2010 8:30 PM EDT2010-08-26 01:30:37 GMT
    The housing industry has been one of the biggest drags on Nevada's struggling economy and new numbers released Wednesday show another drop. But one local builder says they are doing well in this market.

  • Tuesday, August 17 2010 7:02 PM EDT2010-08-18 00:02:09 GMT
    Homeowners with adjustable rate mortgages are bracing for another hike in their interest rate when their home loans reset next month. But some Las Vegas real estate experts say a positive trend now emerging in the market could help offset another wave of foreclosures.

  • Thursday, August 12 2010 10:24 AM EDT2010-08-12 15:24:49 GMT
    Nevada recorded the nation's highest foreclosure rate in July. One out of every 82 Nevada households was in some stage of foreclosure last month, and many more homeowners are struggling to avoid becoming another foreclosure statistic.

  • Monday, August 9 2010 5:40 PM EDT2010-08-09 22:40:06 GMT
    The Greater Las Vegas Association of Realtors says the number of homes sold and average home sale prices dropped again in July.

  • Thursday, July 29 2010 1:34 AM EDT2010-07-29 06:34:00 GMT
    Las Vegas had the nation's highest foreclosure rate among metropolitan areas for the first six months of 2010.

  • Wednesday, July 28 2010 2:00 AM EDT2010-07-28 07:00:39 GMT
    Nevada's struggling housing market makes Nevada residents ripe targets for scam artists. That is why real estate experts and Metro Police teamed up Tuesday night to teach homeowners the best ways to avoid foreclosure and how to protect themselves from elaborate schemes.

  • Monday, July 26 2010 3:37 PM EDT2010-07-26 20:37:33 GMT
    A workshop aimed at helping homeowners keep their homes will take place this Saturday.

  • Saturday, July 24 2010 2:00 AM EDT2010-07-24 07:00:58 GMT
    A company that offered help to struggling homeowners has been shut down by the state after customers started complaining. Four people who worked at that business are accused of taking money from desperate homeowners and pocketing it for themselves.

  • Friday, July 23 2010 7:06 PM EDT2010-07-24 00:06:33 GMT
    A new state program aimed at bringing troubled homeowners face to face with their lenders is having some success.

  • Thursday, June 24 2010 9:31 PM EDT2010-06-25 02:31:25 GMT
    Some struggling Nevadan homeowners can now turn to the government for help that could keep them in their homes.

  • Thursday, June 10 2010 12:00 AM EDT2010-06-10 05:00:49 GMT
    Despite a drop in foreclosure activity, Nevada posted the nation's highest foreclosure rate in May. This is the 41st straight month the Silver State led the nation.

  • Tuesday, June 8 2010 1:54 PM EDT2010-06-08 18:54:23 GMT
    For the second straight month, home prices showed a slight up tick from the previous year, according to the Greater Las Vegas Association of Realtors.

  • Monday, June 7 2010 5:30 PM EDT2010-06-07 22:30:43 GMT
    Bank of America is shelling out millions to pay homeowners duped by Countrywide Financial.

  • Thursday, May 13 2010 12:01 AM EDT2010-05-13 05:01:13 GMT
    Nevada is once again the nation's worst state for foreclosures. RealtyTrac reports Nevada led the nation in foreclosure activity in April.

  • Monday, May 10 2010 2:46 PM EDT2010-05-10 19:46:35 GMT
    For the first time in more than three years, there was a year-over-year increase in the median price of a home.

  • Friday, May 7 2010 11:24 AM EDT2010-05-07 16:24:47 GMT
    The loan modification process can be a long, painful, and even expensive. Inside, find links to resources that offer free loan modification help.

  • Thursday, May 6 2010 10:48 PM EDT2010-05-07 03:48:28 GMT
    Foreclosed homes in Las Vegas are being snatched up left and right by investors. But starting this week, Fannie Mae is trying to help homeowners get first dibs. The program is called First Look.

  • Wednesday, April 28 2010 6:39 PM EDT2010-04-28 23:39:25 GMT
    It's one of the Las Vegas valley's most controversial home developments. People living near Red Rock and Blue Diamond still feel there's several unanswered questions about developer Jim Rhodes' massive project.

  • Wednesday, April 28 2010 1:43 PM EDT2010-04-28 18:43:14 GMT
    Homeowners facing foreclosure may be able to find some help at an upcoming foreclosure prevention workshop.

  • Investigative Reporter Jonathan Humbert and Photojournalist Alex Brauer

    Tuesday, April 20 2010 5:14 PM EDT2010-04-20 22:14:37 GMT
    The I-Team first reported on Alpert's story last summer when he was accused of more than 20 counts of forgery, theft and burglary for allegedly breaking into foreclosures and then renting them out. Now he's in court.

  • Thursday, April 15 2010 10:57 AM EDT2010-04-15 15:57:23 GMT
    High unemployment and a rotten housing market are two of the main reasons that Nevada is ranking as the most stressed state in the country.

  • Thursday, April 15 2010 12:00 AM EDT2010-04-15 05:00:22 GMT
    Nevada had the nation's highest foreclosure rate in the first quarter of 2010. This marks the 14th straight quarter that Nevada led all other states in foreclosure activity.

  • Wednesday, April 14 2010 9:39 PM EDT2010-04-15 02:39:49 GMT
    As more people are finding new jobs, the housing market is getting a boost. Nationally, the number of people behind on their mortgage payments has dropped for the first time in four years.

  • Wednesday, April 14 2010 7:07 PM EDT2010-04-15 00:07:03 GMT
    Just a few years ago, luxury high-rises were going to make Las Vegas the Manhattan of the west. The economy crashed and developers pushed back plans or backed out all together. Now two new high-rise properties are opening this year.

  • Friday, April 9 2010 7:24 PM EDT2010-04-10 00:24:04 GMT
    The government's Making Home Affordable program says it has helped 22,000 Las Vegans modify their mortgages.

  • Wednesday, April 7 2010 9:49 PM EDT2010-04-08 02:49:33 GMT
    For over a year, foreclosures have weighed down the Las Vegas housing market, but new numbers show there may be break in that trend.

  • Wednesday, April 7 2010 4:30 AM EDT2010-04-07 09:30:55 GMT
    The Las Vegas Chapter of Habitat for Humanity unveiled two prototype homes Tuesday that are not only affordable but also green.

  • Monday, April 5 2010 2:11 PM EDT2010-04-05 19:11:59 GMT
    A new effort that hopes to speed up the process of selling your home if it's worth more than you owe is underway.

  • Thursday, April 1 2010 9:03 PM EDT2010-04-02 02:03:25 GMT
    This month hundreds of homes in Las Vegas will be auctioned off.  Freddie Mac is holding an auction of foreclosed homes in hopes of taking advantage of a federal plan that will help new borrowers with down payments.

  • Thursday, April 1 2010 12:35 PM EDT2010-04-01 17:35:07 GMT
    A crowd turned out for a town hall meeting on a prominent developer's proposal to build houses, shops and maybe even a school on a hill overlooking a popular conservation area outside Las Vegas.

  • Tuesday, March 30 2010 7:09 PM EDT2010-03-31 00:09:25 GMT
    If you're in the market to buy a home, time is running out to take advantage of the home buyer's tax credit.

  • Monday, March 29 2010 11:47 PM EDT2010-03-30 04:47:54 GMT
    The number of Southern Nevada homeowners delinquent on their mortgage payments has climbed steadily for the past several months.

  • Tuesday, March 23 2010 2:33 PM EDT2010-03-23 18:33:05 GMT
    Money is now available for North Las Vegas residents who need financial help to stay in their home. The City of North Las Vegas just received $677,700 under the American Recovery and Reinvestment Act.

  • Monday, March 15 2010 8:11 PM EDT2010-03-16 00:11:16 GMT
    One key gains access to around 600 empty homes in the federal HUD housing program. This creates a gaping hole for scam artists to walk right through.

  • Thursday, March 11 2010 1:03 AM EST2010-03-11 06:03:55 GMT
    Nevada's foreclosure rate fell in February, but the state still had the highest rate in the country.

  • Wednesday, March 10 2010 11:21 PM EST2010-03-11 04:21:59 GMT
    A federal grand jury on Wednesday indicted a former Nevada investment company owner for mortgage fraud.

  • Wednesday, March 10 2010 4:47 PM EST2010-03-10 21:47:48 GMT
    This year's rainstorms have hurt Nevada's economy in some ways --tourism is affected and business travel disrupted. But Las Vegas roofing businesses are actually doing well. In fact, they're hiring dozens of unemployed workers.

  • Friday, March 5 2010 8:21 PM EST2010-03-06 01:21:03 GMT
    President Barack Obama announced federal foreclosure help is coming to Nevada during his visit to Las Vegas last month. But will it arrive in time to save Nevada families already in risk of losing their homes?

  • Wednesday, March 3 2010 9:03 PM EST2010-03-04 02:03:42 GMT
    The Las Vegas City Council pushed forward their new strategic plan for the next 20 years. They're calling for more studies on how to improve some of the older areas of town, but residents are asking when these studies will turn into action.

  • Saturday, February 20 2010 2:01 AM EST2010-02-20 07:01:24 GMT
    Signs of hope are emerging in the country's real estate market. For the first time in three years, the number of people who are behind on their house payments went down. That drop means the number of people losing their homes may start to fall.

  • Monday, February 15 2010 8:26 PM EST2010-02-16 01:26:15 GMT
    High-rise residential property on and off the Las Vegas Strip is slowly starting to pick up. The prices have been slashed on some luxury properties, in some cases by hundreds of thousands of dollars.

  • Thursday, February 11 2010 12:43 AM EST2010-02-11 05:43:30 GMT
    Nevada had the nation's highest foreclosure rate in January. It is the 37th straight month Nevada led the nation.

  • Tuesday, February 9 2010 10:44 PM EST2010-02-10 03:44:12 GMT
    January home sales in Las Vegas fell from December, but increased from the same time last year.

  • Thursday, February 4 2010 2:00 AM EST2010-02-04 07:00:52 GMT
    Las Vegas is a renters' market. Research firm Applied Analysis reports asking rent prices are now at a four-year-low. Experts say that is because the real estate market is giving renters more options.

  • Wednesday, February 3 2010 10:22 AM EST2010-02-03 15:22:56 GMT
    Market conditions in the apartment industry nationwide have changed very little from November of last year.

  • Monday, February 1 2010 8:35 PM EST2010-02-02 01:35:55 GMT
    If you're in the market to buy a home, but keep getting out-bid by investors with cash, there is some encouraging news. Starting Monday, the Federal Housing Administration is changing a rule that may allow more people to get into foreclosed homes.

  • Sunday, January 31 2010 2:15 PM EST2010-01-31 19:15:27 GMT
    The Las Vegas Metropolitan Police Department is offering struggling homeowners tips to avoid foreclosure. Metro Police held a seminar on Saturday aimed at keeping people in their homes.

  • Thursday, January 28 2010 1:07 AM EST2010-01-28 06:07:59 GMT
    Las Vegas had the nation's highest foreclosure rate among metropolitan areas in 2009.

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