Nevada RealEstateRama

Representative Steven Horsford (NV-4) took to the House floor to urge a vote on H.R. 3370, The Homeowner Flood Insurance Affordability Act.

The NVAR Legal Information Line continues to rank as the #1 service by members, according to annual member surveys. Darrell Plummer, Broker/Owner of Sierra Nevada Properties in Reno, says, “I have been very pleased with the NVAR Legal Information Line for years. Access to free legal advice as a Broker to help my agents is one of the best services offered by the Nevada Association of REALTORS®. Calling an attorney who understands our industry, is familiar with our contracts and disclosure forms saves time and money and gives me confidence I am getting good direction for our agent and customer to avoid potential litigation issues. What a great risk reduction service for our REALTOR® members.”

The public is invited to join Ward 3 Councilman Bob Coffin and Las Vegas City Manager Betsy Fretwell for a groundbreaking at 10 a.m. Monday, Jan. 6, for a new skatepark to be added to the Justice Myron E. Leavitt and Jaycee Community Park, located at Eastern and East St. Louis avenues

City of Las Vegas employee Marco Velotta received the 2013 Individual Award for Organizational Excellence at the recent U.S. Green Building Council (USGBC) Nevada Green Gala held at the Nevada State Museum

The city of Las Vegas has partnered with Fannie Mae and Financial Guidance Center to offer free mortgage assistance to local homeowners with a Fannie Mae mortgage on Friday, Dec. 6, from 9 a.m. to 7 p.m. and Saturday, Dec. 7, from 9 a.m. to 2 p.m. at the Financial Guidance Center, located at 2650 Jones Blvd

State Treasurer Kate Marshall announced today that her office’s annual Unclaimed Property Auction will take place on Saturday, December 7th, at the Grant Sawyer Building (555 E. Washington Avenue) in Las Vegas.

area home sales fell in October as sub-$200,000 transactions continued to decline and the share of homes sold to absentee and cash buyers dropped to the lowest level in more than three years. The median sale price rose to $180,000 – the highest in nearly five years, a real estate information service reported

A bipartisan coalition of ten U.S. Senators introduced legislation today to establish a new infrastructure financing authority to help states and localities better leverage private funds to build and maintain the nation’s outdated infrastructure.

Las Vegas City Hall has been awarded Leadership in Energy and Environmental Design (LEED) Gold status by the U.S. Green Building Council. The LEED rating system is the foremost program for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance

State Treasurer Kate Marshall today issued a warning to all Nevadans about an email scam revolving around unclaimed property findings that is really a hoax to gain personal information and steal your identity.

U.S. Representatives Joe Heck (R-NV), John Carney (D-DE), Daniel Webster (R-FL), and Peter Welch (D-VT), today announced the introduction of H.R. 2929, the “Creating Homeownership Opportunities Act,” bipartisan legislation that would create a pre-tax savings program -- similar to a Health Savings Account -- for the purpose of saving toward a down payment on a first home

With Las Vegas and the state of Nevada still struggling to reverse the devastating effects of the housing crisis, Congressman Joe Heck (NV-03) today introduced legislation that would help homeowners who are underwater on their mortgage. The Mortgage Forgiveness Tax Relief Act ensures underwater homeowners are not subjected to additional income taxes if a portion of their mortgage is forgiven. Homeowners who undergo a mortgage refinancing or "short sell" their home would be required to pay an additional income tax on the difference between the homes original value and the current value. However, Rep. Heck's bill would prevent that sum from being taxed as income because the homeowner never actually receives that money

A Las Vegas mortgage agent has been convicted for his role in a “cash back at closing” mortgage fraud scheme that netted $1.43 million in fraudulent mortgage loans, announced Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Daniel G. Bogden of the District of Nevada, and Acting Special Agent in Charge William C. Woerner of the FBI’s Las Vegas Field Office

Las Vegas-area home sales held at a seven-year high last month as activity above $200,000 continued to rise sharply and buyers used cash to purchase a record 59.6 percent of all homes sold. The median price paid for a home rose above a year earlier for the 14th consecutive month, pushed higher by price appreciation, the shift toward more mid- to high-end deals and the decline of foreclosure resales, a real estate information service reported

U.S. Senators Dean Heller (R-NV) and Debbie Stabenow (D-MI) today introduced the Mortgage Forgiveness Tax Relief Act to ensure that underwater homeowners, those who owe more on their mortgages than their homes are now worth, would not be hit with additional income tax if a portion of their mortgage is forgiven. Without the Stabenow-Heller legislation, homeowners will be required to pay these additional taxes when they refinance or sell their homes in what are commonly called “short sales.”