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Monday February 13, 2012

Nevada Real Estate Market News

Nevada Real Estate Agents | Nevada Homes for Sale | Nevada Housing Resources | Nevada Real Estate News
02/11/2012 - Housing Settlement Called 'Just A Beginning'
  • The $1.5 billion that Nevada homeowners stand to receive from the $25 billion foreclosure abuse settlement with the nation's five largest mortgage servicers "is just a beginning, and not an end," state Attorney General Catherine Cortez Masto said Friday. "(We've)

  • 02/08/2012 - Featured Videos
  • (WWE) - -- We noted earlier that former WWE talent Stacy Carter (a/k/a Miss Kitty, The Kat), who works as a real estate agent, announced she had her real estate application approved in Nevada this week.

  • 02/08/2012 - Vegas Single-Family Home Sales up 16.8 Percent
  • Real estate agents in Las Vegas say more single-family homes in southern Nevada were sold in January compared with the same month last year, but prices were lower.

  • 02/08/2012 - Las Vegas single-family home sales up 16.8 percent
  • Real estate agents in Las Vegas say more single-family homes in southern Nevada were sold in January compared with the same month last year, but prices were lower.

  • 02/06/2012 - Real Estate: National foreclosure settlement delayed, Nevada AG concerned
  • Negotiators are giving attorneys general of various states including Nevada until today to get on board with a potential nationwide settlement with banks for alleged foreclosure abuses.

  • 02/04/2012 - In Nevada, Gingrich fumbles but moves forward
  • Newt Gingrich is struggling to regain his footing following a campaign in Nevada beset by glitches as the race for the Republican presidential nomination moves to the next phase.

  • 02/03/2012 - Will housing really impact Nevada caucus?
  • Our fabulous compilation of real estate news and views that make you go "Really?" goes regional ...... If it's Friday, it's "Really? Vegas style!" -- with a look at housing and Saturday's Nevada Republican caucus.

  • 02/02/2012 - AP source: Trump intends to endorse Gingrich
  • SHANNON McCAFFREY Associated Press LAS VEGAS Real estate mogul and reality show star Donald Trump intends to endorse Gingrich's GOP presidential bid, according to a source close to Gingrich's campaign. Trump is set to announce his support Thursday in Las Vegas, where Gingrich is campaigning in advance of Nevada's Republican caucuses on Saturday. Trump's backing would bring the former House ...

  • 02/02/2012 - Trump to endorse Romney, not Gingrich
  • Las Vegas – Real estate mogul and reality TV star Donald Trump says he is going to endorse Mitt Romney for president Thursday, just two days before Nevada Republicans participate in the presidential caucuses.

  • 02/02/2012 - Trump gives glitzy backing to frontrunner Romney
  • LAS VEGAS, Nevada: Real estate tycoon and reality TV star Donald Trump threw his weight behind Republican frontrunner Mitt Romney on Thursday, in a glitzy boost for the former Massachusetts governor's White House hopes.

  • 02/03/2012 - US White House hopeful Romney leads big in Nevada
  • Republican Mitt Romney was riding high Friday, the eve of Nevada's presidential caucuses, after a new poll gave him a 20-point lead and real estate mogul Donald Trump endorsed his candidacy.

  • 02/01/2012 - Source: Trump to endorse Gingrich
  • Las Vegas – Real estate mogul and reality TV star Donald Trump is preparing to endorse Newt Gingrich's presidential campaign here Thursday, just two days before Nevada Republican caucus-goers are scheduled to cast their votes, a person close to the Gingrich campaign confirmed.

  • 01/26/2012 - Nevada Treasurer: Fannie and Freddie Need To 'Show Me the Money'
  • When a home is sold, buyers and sellers in Nevada -- from big banks to investors to first-time homebuyers -- have to pay a real property transfer tax.

  • 01/25/2012 - Auction.com Heads Back to Nevada
  • IRVINE, CA- Auction.com is bringing its commercial real estate auctions back to Nevada. The move comes after a successful regional event of the state's assets last year that resulted in $545 million in transactions and 1,122 bidder deposits for 70 assets.

  • 01/22/2012 - Bankers See Doctors, Medical Companies As Growth Market
  • Jack G. London is looking to grow his medical management business at a time when small-business loans are hard to get in Southern Nevada. The recession has damaged so many real estate and construction company balance sheets that in most cases banks need

  • 01/16/2012 - Water Officials Pursue New Ways To Pay For Construction Projects
  • They say you can't get blood from a turnip, but what about utility fees from a foreclosure? Southern Nevada Water Authority officials are considering the idea as they seek new ways to pay for expensive construction projects once funded by new connections. Authority

  • 01/16/2012 - Notes and news from the Las Vegas real estate industry
  • Briefs and notes from the world of real estate in Southern Nevada.

  • 12/23/2011 - Economics professor alleges age bias at UNLV
  • UNLV economics professor Alan Schlottmann, known for his research on real estate, economic development and the Nevada economy, has filed a lawsuit against the university alleging age discrimination.

  • 12/22/2011 - REIT Buys Two Shopping Centers for $48.5M
  • San Diego-based Excel Trust Inc., which invests in retail-related real estate, has purchased two shopping centers in Tennessee and Nevada for approximately $48.5 million.

  • 12/15/2011 - Nevada, Foreclosure Capital of U.S. for Five Years
  • Dreary conditions continued in the Nevada residential real estate market in November, with the state leading the nation in foreclosures for the 59th consecutive month.

  • 12/15/2011 - I-Team: 3 Convicted in Mortgage Fraud Scheme
  • A former Las Vegas real estate broker, her husband, and a third woman who worked in the Nevada real estate industry were convicted by a federal jury today of conspiracy and fraud charges for their involvement in a mortgage fraud scheme.

  • 12/14/2011 - Nevada going on five years as foreclosure capital of U.S.
  • Dreary conditions continued in the Nevada residential real estate market in November, with the state leading the nation in foreclosures for the 59th consecutive month.

  • 12/13/2011 - NLV's Park Highlands land auctioned for $21 million
  • Everything right and everything wrong with the Southern Nevada residential real estate market was illustrated during a bankruptcy auction this week for 1,340 acres in the stalled Park Highlands planned community in North Las Vegas.

  • 12/10/2011 - Snhba Names Oberling President
  • The Southern Nevada Home Builders Association installed its 2012 slate of officers and directors during the installation and awards luncheon Thursday at the Four Seasons Hotel. CAMCO and Southwest Gas Corp. were co-sponsors of the event. Effective Jan.

  • 12/06/2011 - Brookfield Residential Property Services purchases Prudential Financial Inc. which includes three local offices
  • A global real estate franchising and employee relocation firm announced the purchase of Prudential Financial, Inc.'s real estate and relocation services, which includes assets in Northern Nevada.

  • 12/02/2011 - PICO Holdings, Inc. Announces the Closing of the Sale of Nevada Land and Resource Company, LLC
  • LA JOLLA, Calif. -- PICO Holdings, Inc. announced today that the sale of the Company's wholly -- owned subsidiary, Nevada Land and Resource Company, LLC has closed. PICO received $31 million in cash in ...

  • 12/01/2011 - Survey War: Study Disses Nevada But Some Question Analysis
  • We get it - we stink. For the umpteenth time in the state's four-year-old economic slump, Nevada has landed dead last in a study looking at economic vitality. But as the Opportunity Index from Massachusetts advocacy group Opportunity Nation makes the rounds

  • 12/01/2011 - Nevada County close to finalizing sale of HEW building
  • The fate of the historic but dilapidated HEW building complex near Nevada City is set to be decided in the coming weeks.

  • 11/29/2011 - Frontier site to remain empty on Las Vegas Strip
  • LAS VEGAS, Nevada -- The empty land on the Strip that once was the site of the New Frontier will remain empty.

  • 11/23/2011 - Bank Official Says Lessons Learned From Robo-Signing
  • It's not the new Nevada law that has scared banks from filing notices of default. It's lessons learned from the robo-signing scandal that emerged late last year, a Bank of America spokeswoman said Tuesday. "We want to do everything properly," Jumana Bauwens

  • 11/22/2011 - Nevada urged to use tax credits to rehab abandoned homes for renters
  • Five years ago, with low-income housing scarce and apartments being converted by the hundreds into condominiums, the poor and elderly in Southern Nevada struggled to find places to rent. It made sense for the federal government, partnering with the state, to encourage construction of rental housing.

  • 11/16/2011 - Las Vegas Bound? Trulia Notes Interest In 'Inbound' Home Searches
  • The bursting of the housing bubble has created strong demand for metropolitan areas in Nevada, Florida and inland California, pushing Las Vegas to No. 9 on the Metro Movers Index introduced Wednesday by San Francisco-based Trulia.com. Those areas are where

  • 11/09/2011 - More ugly news for Nevada on foreclosures, home prices
  • Two more real estate reports, another blast of bad news for the Nevada market. Foreclosure tracker RealtyTrac, of Irvine, Calif., issued national statistics for October and, as usual, Nevada had the nation’s highest foreclosure rate.

  • 11/04/2011 - New State Law Slows Banks From Starting Foreclosures
  • A new Nevada law that took effect in October has slowed banks from initiating foreclosures, resulting in just 116 notices of default filed in the first three weeks of October, compared with 3,649 filings in September , a spokesman for ForeclosureRadar.com

  • 10/29/2011 - Alpha building project delayed in Nevada City
  • A delay in the planned renovation of the Broad Street Alpha Building has forced the APPLE Center for Sustainable Living to extend its lease with Nevada City.

  • 10/26/2011 - Sales Tax Summary: Buying Is Up, Building Is Down
  • More buying, less building. That's Nevada's new normal, if the state's latest taxable sales numbers are any indication. Wednesday figures from the Taxation Department show that sales in consumer-oriented categories such as clothing, restaurants and cars

  • 10/25/2011 - One Nevada Credit Union Sets Asides Millions In Loan Loss Reserves
  • As the Nevada economy continues to languish, with no clear signs of either improvement or further deterioration, One Nevada Credit Union continues to set aside millions of dollars in loan loss reserves as a precaution against another economic downturn

  • 10/25/2011 - Buyers still call shots in Southern Nevada commercial real estate market
  • The latest research on commercial real estate in Southern Nevada shows that, like the residential sector, it remains mostly a buyer’s market.

  • 10/20/2011 - Las Vegas Lure: Arts, Culture - Really
  • Graphic arts company Walls 360 moved from San Francisco to Las Vegas for Sin City's arts and culture scene. If you're doing a double-take, that's not a misprint. Sure, Walls 360's founders liked Southern Nevada's lack of income tax, cheap real estate,

  • 10/18/2011 - Debate skips talk of national housing slump
  • First Read: Candidates at the GOP debate largely avoid offering their opinions on Nevada's poor housing market and the government's role in propping it up.

  • 10/17/2011 - AvidXchange Named a Platinum Sponsor at MRI Software’s International User’s Conference
  • MRI Software LLC, a leading developer of innovative real estate management and investment software solutions for the global real estate industry, announced that AvidXchange, an industry-leading provider of automated bill payment solutions, has signed on as the exclusive Platinum level sponsor of its International User Conference (IUC), which will take place in Summerlin, Nevada, from November ...

  • 10/10/2011 - Nevada investment company issued cease and desist order
  • A Nevada company and real estate agent have been ordered to stop selling securities or offering to sell securities until they have been legally licensed and registered with the state. Nevada Secretary

  • 10/07/2011 - Nevada's Image Remains An Issue For Business
  • It's all about perception when it comes to driving business to Nevada, which means the state must overcome highly publicized deficiencies in its education system and work-force skills, a panel of site selection experts said Friday. "I think your biggest

  • 10/07/2011 - Symposium to mull Nevada's economic future
  • Education and business development will be in focus as the commercial real estate pros in Nevada work on ways to strengthen the state's economy with a Las Vegas symposium Friday.

  • 10/07/2011 - Corporate site scouts say region suffers serious shortcomings
  • Southern Nevada will have a tough time overcoming its shortcomings as a site for companies seeking relocation sites, said speakers at a gathering of commercial real estate developers.

  • 10/02/2011 - Insuring homes in wooded areas increasingly difficult
  • Homeowners living on wildfire prone wooded lots in Nevada County are finding it increasingly difficult to find a company to insure their homes, an impending crisis that some local agents predict could put a damper on any real estate comeback.

  • 09/29/2011 - Las Vegas Casino Gaming Manufacturer Takes Advantage of SBA Refinance Opportunity
  • TMC, a leading Certified Development Company providing Small Business Administration 504 real estate financing in California and Nevada, announced today that VSR Industries, Inc., a manufacturer of video poker and slot machine locks and bases, has refinanced its existing commercial real estate mortgage with a new below-market, fixed rate SBA 504 loan for $5.2 million.

  • 09/26/2011 - Q&A with Bruce Hendricks & John Guedry, CEO, COO, Bank of Nevada
  • Bank of Nevada, like most financial institutions, suffered millions of dollars in losses because of the recession and its negative impact on commercial real estate prices.

  • 09/22/2011 - San Francisco Rehearsal and Recording Studio Takes Advantage of SBA 504 Refinance Opportunity
  • TMC, a leading Certified Development Company providing Small Business Administration 504 real estate financing in California and Nevada, announced today that Moss Street Rehearsal Studio has taken advantage of a recently enacted SBA program to refinance its existing commercial real estate debt with an SBA 504 loan.

  • 09/20/2011 - Action News Consumer Complaint Center
  • There are several local resources to help you solve problems that can make living in Las Vegas frustrating. Below are several contacts for filing consumer complaints in the state of Nevada.