Las Vegas Now1A* Housing

Las Vegas Photojournalist Captures the Struggles of Homelessness Video included

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A local photographer hopes to change lives one picture at a time. Through her lens, she captured the lives of 50 homeless men, women and children living in alleyways and behind buildings in Las Vegas. More>>

Nevada Has Highest Foreclosure Rate Again

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Despite the state's effort to slow foreclosures, Nevada once again has the highest rate of foreclosures in the nation. More>>

Investigative Reporter Jonathan Humbert and Photojournalist Alex Brauer

I-Team: Extreme Homes Makeover Budgets; Go Up for Sale Video included

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You might have seen the giant houses on Extreme Makeover Home Edition and heard the emotional stories behind the generous donations. Only now, two Las Vegas families plan to sell their dream homes, with one hitting the market just months after construction. More>>

Las Vegas Home Prices Decline 26.8 Percent, Despite Uptick in Sales Video included

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The number of homes sold last month was up and so was the median selling price of those homes. But while sales are up significantly from a year ago, prices are down. More>>

Program Hasn't Resulted in Home Ownership

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An 8-month-old program designed to stabilize Las Vegas Valley neighborhoods by allowing local governments to buy, renovate and sell homes to low-income families hasn't resulted in any families moving into More>>

Construction Industry Experiences 5 Stages of Grief Video included

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Construction was once thought of as a recession-proof industry. The old adage, if you build it, they will come, is no longer happening in a crippling economy. This has taken a emotional toll on workers and the industry. More>>

County Wants to Go After Neglectful Property Owners Video included

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The clock is ticking for property owners who allow their front yards to turn into junk yards. On Nov. 17th, Clark County commissioners will vote on an amendment to increase public nuisance fines to $1,000. More>>

State Releases Names of Legal Loan Modification Companies Video included

Ian Hirsch with Fortress Credit Services. Ian Hirsch with Fortress Credit Services.
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The state has released a list of more than 30 companies they say are legally conducting loan modification businesses. Inside, a link to the legal companies and a list of the ones who have not posted bonds. More>>

Nearly 30 Loan Modification Companies Face Closure Video included

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The Nevada Division of Mortgage Lending is closing nearly 30 loan modifications companies because they failed to meet their obligations to get a minimum $75,000 surety bond. The bond is a provision meant to protect consumers who may have been hurt by the loan modification provider. More>>

Moving Out of Las Vegas May Cost You Video included

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Want to know where you can find a job? Well, just hop in your car and follow the next U-Haul truck you see. Chances are it's going to a hot job market. But moving out of Las Vegas can be pricey. More>>

Search Underway for Pahrump Woman Missing Since 2006 Video included

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The Nye County Sheriff's Office is hoping to solve the case of a Pahrump woman who disappeared more than three years ago. More>>

More Unemployed Losing Their Houses Video included

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The foreclosure mess started with families who took out loans they couldn't afford. But the crisis has evolved into people who were laid off being forced into foreclosure. More>>

Mortgage Fraud Task Force Raids Title Company Video included

A Henderson title and escrow office was the focus of a raid by the Nevada Attorney General's Office. Mortgage fraud investigators took over the office Tuesday morning to investigate. More>>

Recession Causing Parents to Kick Out Teens Video included

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Federal studies show the number of homeless teens jumped by about 200,000 from 2002 to 2007. With families stretched by layoffs and foreclosures, parents are throwing their teens out and telling them to fend for themselves. More>>

Metro to Discuss Safe Driving with UPS Video included

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After losing two officers to car crashes, Metro Sheriff Doug Gillespie is promising to get his officers to drive more safely. For guidance, he says he'll look to UPS, a company known for its impressive driving safety record. More>>

Condo Prices Still Dropping Video included

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While prices for single family homes have started to bottom out, sources say it's going to take longer for the condos to make a come back. Reporter Janet O takes a look. More>>

Frustrated Homeowner Takes his Bank to Court Video included

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One frustrated homeowner is using a new law to take his bank to court because he says his bank refused to work out a loan modification with him. More>>

Loan Modification Programs Still having Trouble Video included

Scam artists trying to bilk desperate homeowners with the promise of modifying their loans aren't following a new law that's in place. Companies that claim they can help modify a loan aren't registering as fast the state would like. More>>

Reporter Aaron Drawhorn

Non-Profit Wraps Up Mortgage Assistance Tour

A national non-profit group set up shop at the convention center hoping to step in for those in a financial meltdown. Forty thousand people caught up in messy mortgages flocked to the Save the Dream tour sponsored by the Neighborhood Assistance Corporation of America. More>>

CityCenter to Reduce Condo Prices by 30-Percent

Developers of the $8.5 billion CityCenter on the Las Vegas Strip are planning a 30 percent price cut on condominiums that people have already bought, just help close the deals during the recession. More>>

Banks Threaten Lawsuits Against Short Sales

Big name banks like Bank of America, Citibank, and Wells Fargo are threatening to come after those who sell their homes through short sales years later once their credit is restored. More>>

Stimulus Money Used to Study Green Tech Video included

Just last week, Las Vegas was still enduring the 100-degree temperatures. The lingering summer heat put a big strain on the energy grid, but millions in stimulus money headed to the valley may help ease the burden. More>>

Commercial Real Estate Next to Crash?

Thousands of foreclosures have taken a toll on the Las Vegas community and the economy. Now experts say we should brace for another hit as many shopping and business centers are starting to close down. More>>

Nevada AG Targeting Mortgage Modification Scams

Nevada ranks number one in the nation for mortgage modification scams. Most of the resources in the Nevada Attorney General's Office have been dedicated to tracking down and prosecuting fraudulent loan modification companies. More>>

Investors Swoop Into Housing Market as Tax Break Deadline Looms

Potential homebuyers in Las Vegas are trying desperately to get into a good home for a reasonable price. But investors are snatching up houses and are paying less for them. More>>

Home Sales Up Yet Prices Continue to Slide

Right now there at more than 20,000 homes for sale in southern Nevada, but only 11,000 are actually available for you to make an offer on. The rest already have pending offers. More>>

Median Las Vegas Home Price Drops to $135K

The number of homes sold in August was down about 13 percent from homes sold in July but up from the previous year. More>>

Nevada Leads Nation in Foreclosure Rate for 32nd Straight Month

Despite a monthly decline in foreclosure activity in August, Nevada still had the nation's highest foreclosure rate. More>>

Banker Reacts to Foreclosure Crisis

Everyone wants to know when the recession will be over and when is the economy is going to turn around. Some people say banks slow the economic growth by withholding loans, but what do the bankers have to say? More>>

Construction Workers Wonder About Future

Las Vegas stands to lose an additional 30,000 construction-related jobs over the next year. According to one local economic analyst, tens of thousands of jobs will disappear as major projects, including CityCenter, are finished. More>>

Reverse Mortgages New Targets for Scammers

The mortgage crisis has created a whole new type of scam artist. The new scheme is taking advantage of seniors applying for reverse mortgages and it's scamming them out of thousand of dollars. More>>

Investigators Say Construction Fire in Mountains Edge Suspicious

Clark County fire crews are investigating the cause of a massive construction fire near Fort Apache and Gomer. More>>

AG Warns of Property Tax Scam

An offer to save you thousands on your property taxes is hard to pass up, but the Nevada Attorney General's Office is warning that this offer is too good to be true. More>>

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