Items Tagged with 'Las Vegas'

ARTICLES

  • Redfin: Number of homes selling above list price drops

    Only 23% of homes sold for more than asking
    In the four weeks ending on September 23, homes that sold above asking price dipped below 2016 levels, according to the latest data from Redfin. Redfin Senior Economist Taylor Marr the fact that fewer homes are selling above their asking price is another indication that competition is getting less intense than it has been in recent years.
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  • Las Vegas residents may need deeper pockets

    Ranked most the overvalued housing market in the nation
    Perhaps underperforming income growth and rising unemployment would suggest low home prices, but Las Vegas is the most overvalued housing market in the nation. Fitch Ratings explained although the city’s price to rent remains lower than buying a home and the population is growing, home prices still have overshot economic fundamentals.
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  • Case-Shiller reports increase in home price growth

    Experts say rising home prices won’t stop anytime soon
    Home prices increased across the U.S. in February, picking up the pace in annual price gains. This run, which is still ongoing, compares to the previous long run from January 1992 to February 2007. And with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue.
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  • Las Vegas sees boom in housing starts

    Hits highest level since 2008
    Housing starts in Las Vegas, Nevada, surged to housing boom levels at the end of 2017. However, these new homes are increasingly being built as more expensive, trade-up homes. In 2016, 42% of homes built were priced below $300,000, but in 2017, only 21% were built below that price line.
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  • Monday Morning Cup of Coffee: Is the way the CFPB handles enforcement about to change?

    Nevada senators urge mortgage relief for Las Vegas victims
    Every day, it seems there’s a new rumor surrounding the apparently looming departure of Consumer Financial Protection Bureau Director Richard Cordray. But regardless of what happens to Cordray, the way the CFPB handles enforcement could be changing as we speak. Plus, the senators from Nevada call on the mortgage business to grant relief to victims of the Las Vegas shooting. All that, and more, in your Monday Morning Cup of Coffee.
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  • Fitch: Is there a housing bubble in these hot, hot markets?

    Texas is hotter than ever, but is it sustainable?
    Housing in the state of Texas was hotter in 2016 than it’s ever been before, but is real estate in the Lone Star state getting too hot? A new report from Fitch Ratings suggests that Texas is one of a few states where home prices are not only unsustainable, they’re overheating.
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  • The Las Vegas Black Knights? West Point, like, nope

    Black Knight Chairman Bill Foley's NHL team won't share name with company
    Well, it turns out that the National Hockey League expansion team helmed by William Foley, the chairman of Fidelity National Financial and Black Knight Financial Services, won’t share a name with one of Foley's companies after all. RIP, Las Vegas Black Knights, we hardly knew ye.
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  • NHL makes it official: Las Vegas "Black Knights" coming in 2017

    Expansion effort led by Fidelity National, Black Knight Chairman Bill Foley approved
    Well, now it's official. The National Hockey League announced Wednesday that it will expand in 2017, becoming the first major professional sports league to bring a team to Las Vegas. The league's announcement brings a nearly two-year journey one step closer to reality for William Foley, the chairman of Fidelity National Financial and Black Knight Financial Services, who will lead the Las Vegas team as its owner.
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  • Nevada Appeals Court tosses $107 million mortgage fraud penalty

    8th Amendment rescues Melissa Beecroft
    A Nevada woman who was once part of the largest mortgage fraud schemes in the history of the state will no longer forfeit $107 million after a federal court of appeals overturned part of her penalty because it violated the Eighth Amendment, which prohibits the government from imposing "excessive fines" and "cruel and unusual punishments."
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