Las Vegas - Articles

7 Major Cities Where Rents Are Now Below Average

ShutterstockWhile the national average for a rental apartment hoovers around $1,200 a month, in Las Vegas it's $993. By Donna Fuscaldo These days, $1,000 isn't going to get you a lot in the current rental market. The national average for a rental apartment hoovers around $1,200 thanks to limited inventory and... Continue Reading »

Fight Over Huguette Clark's $300 Million Estate Ends in a Court Deal

AP By JENNIFER PELTZ NEW YORK -- A feud over how an enigmatic heiress meant to bequeath a $300 million fortune made in Montana copper mines and the beginnings of Las Vegas was settled Tuesday, with a deal that mainly benefits distant relatives and the arts. A nurse who once stood to inherit as much as $30 million from... Continue Reading »

Home Prices Rise in August: Sign of Steady Housing Recovery

By Christopher S. Rugaber WASHINGTON -- Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery. The Standard & Poor's/Case Shiller index reported Tuesday that... Continue Reading »

The World's Most Expensive Buildings

By Meredith Galante Real estate may be expensive, but sometimes the buildings constructed on top of that land are far pricier. Construction started last year on Yongsan Landmark Tower in downtown Seoul, South Korea, which is expected to cost a record-breaking $3.43 billion to build. But there are lots of other pricey... Continue Reading »

Collector's Vegas Paradise: Space Capsule, Mayan Temple and More

By Erin Kim NEW YORK -- There is only one place in the world where you can find an Apollo space capsule, dinosaur skeleton, Liberace's staircase, the Batmobile and a Venetian gondola. At this unconventional home just a few miles away from the flashy Las Vegas Strip, visitors get to see these, as well as many, many other... Continue Reading »

Best Cities to Buy Rental Properties

By Les Christie Ever thought about becoming a landlord? Now might just be the perfect time, especially if you live in one of these cities. A combination of beaten down home prices and rising rents make these cities promising places to become a landlord -- just as long as you understand the risks involved. (For example,... Continue Reading »

Housing Comeback for Las Vegas?

By Les Christie NEW YORK -- Las Vegas has suffered through the housing bust like few others places and still has further to fall. But these days many real estate investors and homebuyers are betting that it's poised to stage a comeback. Sin City's metro area led the nation in mortgage defaults for 22 straight months... Continue Reading »

Obama to Announce Refi Help for Underwater Homeowners

WASHINGTON -- Seeking to circumvent congressional opposition, President Barack Obama will promote a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages. An administration official said the housing initiative... Continue Reading »

Romney's Housing Fix: Let Foreclosures 'Hit Bottom'

LAS VEGAS -- Mitt Romney came to the state with the highest foreclosure rate in the nation and said he wants to allow home foreclosures to "hit the bottom" to help the housing industry recover. In an interview published Tuesday ahead of presidential debate, Romney told the Las Vegas Review Journal's editorial board that... Continue Reading »

Construction Slow? Build a Giant Sandbox for Grown-Ups

Las Vegas has seen its share of heavy construction equipment as it bulldozed its way through one giant casino project after another. But with the recession having gutted the construction industry, excavators and bulldozers near the Strip are being put to use as toys for thrill-seeking visitors. A business owner has... Continue Reading »

Best Places to Live for Unrepentant Shopaholics

Where are the best places to live to shop till you drop and then wake up the next day to do it again? My task is to find luxurious homes in close proximity to fabulous shopping so a shopaholic like me can have a place to crash while my plastic cools down. When looking for amazing clothes, shoes, and accessories the obvious... Continue Reading »

Vacation Rentals: The World's Most Luxurious Hot Spots

Vacation rentals aren't what they used to be -- they're better and bigger and more luxurious than ever. Early March is that time of the year when "just one more snowfall" is just-one-more-snowfall too many. The answer to the question, How do I survive the last gasps of winter? Take a vacation. For most of us, a pretty... Continue Reading »

Pamela Anderson Sues Ex for Not Giving Her Condo

For Pamela Anderson, nothing says "I no longer love you" like a $1 million lawsuit she filed against her ex boyfriend, just days before Valentine's Day. The former bikini-clad Baywatch babe filed a federal lawsuit in Los Angeles claiming a former beau, real estate tycoon Laurence Hallier, owes her the cash in accordance... Continue Reading »

Ex-Real Estate Agent Nabbed for Robbing Casino

Who knew the housing crisis had gotten this bad? Anthony Carleo, a 29-year-old judge's son who is suspected of stealing $1.5 million worth of chips from Las Vegas's Bellagio Hotel during a brazen armed robbery, was set to appear in court today. Carleo gave up his job as a real estate agent in the Pueblo, Colo., area just... Continue Reading »

Toni Braxton's Atlanta House Faces Foreclosure

Toni Braxton, six-time Grammy winner, is facing the loss of yet another home to foreclosure. Despite having filed for Chapter 7 bankruptcy protection in September, the Los Angeles bankruptcy court on Friday lifted the ban protecting her Duluth, Ga., home in the Sugarloaf Country Club community. Her upcoming We TV reality... Continue Reading »

Housing Market Forecast: Recovery's Hot, Cold Spots

Everyone wants to know how quickly their house price will recover, now that we appear to be at or near the bottom of house prices. New data suggests that U.S. house prices will go up an average of 3.1 percent a year between now and 2020 -- but not everywhere. Moody's Analytics came to the conclusion using data regarding... Continue Reading »

Foreclosure Tours, Big Discounts Sell Homes in the Midwest

In vacation home meccas such as California, Florida and Las Vegas -- where foreclosure numbers soared during the housing meltdown -- real estate agents have been employing a new sales tactic: foreclosure bus tours. Next stop? Cincinnati. According to The Cincinnati Enquirer, the trend -- in which Realtors organize... Continue Reading »

Justin Bieber Tickets: Ooh Baby, Will This Sell Homes in Vegas?

Most Justin Bieber fans own bicycles, maybe a Barbie mansion. But their parents likely own a home, or are building one. With that in mind, the nation's largest builder is attempting to lure buyers and generate traffic to its new homes in the Las Vegas area with a promotion based around teen idol Justin Bieber and some... Continue Reading »

Extreme Makeover Home Sells in Las Vegas

Wish Ty Pennington and the team would come to your house and give it a makeover? Be careful what you wish for. A Las Vegas home featured on "Extreme Makeover: Home Edition" is perhaps the first to sell of the several ABC reality-TV show homes that have hit the market after the winning homeowners have struggled to keep up... Continue Reading »

Living Large, Like Michael Jackson

Despite the broader move toward smaller homes and downsizing, some people still like to consume conspicuously, especially if they're wealthy and looking to live in Sin City. A 16,461-square-foot home that Michael Jackson rented for six months in late 2007 and early 2008 just sold in Las Vegas. It was the biggest home... Continue Reading »

Nicolas Cage is Leaving Las Vegas

Nicolas Cage continues to shed assets like a stripper loses clothes. The financially strapped actor, who is selling off properties to ease his IRS woes, just knocked another one off the block. A 14,306-square foot luxury Las Vegas property he lost to the bank recently is now in escrow and expected to close on Wednesday,... Continue Reading »

Low Appraisals on the Rise

Low appraisals are on the rise and they're killing real estate deals right and left. The problem stems from a combination of short sales and foreclosures. Both are contributing to difficulties accurately pricing homes, according to MSNBC. Roughly 40 percent of all home sales last year were foreclosures and short sales,... Continue Reading »

States May Be

The Census Bureau's tally of state population changes, released just before Christmas, has become more fodder for some long-suffering states. Five of the nation's largest states were dubbed "the biggest losers," meaning they saw the highest imbalance between people moving out and people moving in. Not surprisingly, none... Continue Reading »

Revisiting Venturi and Brown's Las Vegas

You know the phrase, "less is more." How about "less is a bore"? For the first, thank modernist architect Mies van der Rohe, whose pared down, minimalist glass-and-steel buildings and rigid rules on form and function ushered in the age of strict modernism. Then came the reversal from then-Yale architecture professors... Continue Reading »

Roaches Relegate Renter to Hallway

One Las Vegas renter was so grossed out by his roach-infested apartment that he recently slept in the hallway to escape. "There's thousands upon thousands of them," renter Tony Filipic told Las Vegas' ABC News. Filipic, a college student who recently relocated to Las Vegas' Villas at Desert Pointe apartment complex, has... Continue Reading »

Boomtowns Lag in the Recovery

All cities are not created equal - some are healing from the recession much faster than others, according to the third quarter MetroMonitor report from the Brookings Institution. For example, if you lived in Omaha, Neb. or Council Bluffs, Iowa, you'd be enjoying an unemployment rate of less than 5 percent. But for... Continue Reading »

Tiger Woods Alleged Mistress Selling Condo

Rachel Uchitel, a.k.a., Tiger Woods' alleged mistress, isn't just another woman. Oh, no. She's a woman selling a Las Vegas condo. Not just any condo, either: a "ground floor penthouse." A what? Aren't penthouses supposed to be on the top floor? Maybe that's as old-fashioned an idea as a married man keeping his... Continue Reading »

Chicago Stressed Out, Miami Super Chill

Maybe it was losing the Olympic bid to Rio. Or, maybe it was the Jay Cutler's performance against the Atlanta Falcons. Either way, Chicago came out as the most stressed city in a recent survey by Harris Interactive. Maybe they need to go to Rio and chill for a while ... nah. We might have predicted Detroit or Las Vegas,... Continue Reading »

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