Our network

Housing

Expiring Unemployment Pushes Families Toward Homelessness

Expiring Unemployment Pushes Families Toward Homelessness

 

Non-profit organizations throughout southern Nevada feel the pinch of the struggling local economy. No group finds itself more squarely in the middle of the situation than HopeLink of Southern Nevada, which attempts to help families confronting homelessness.

As expiring unemployment benefits force more families into that predicament, HopeLink needs more donations to support its efforts. Its requests for aid have increased 35 percent from last year.

HopeLink is seeking donations of all sizes, including businesses willing to host a special event and/or designate a percentage of a day’s sales to the cause. HopeLink receives between 500-800 requests per month for assistance, mainly with shelter or rent and utility payments, and has increased its volunteer program to help fill requests. HopeLink served more than 7,000 people over the last year.

Couple Gets Reduced Payment, Lower Interest Rate at Homeowner Workshop

Couple Gets Reduced Payment, Lower Interest Rate at Homeowner Workshop

The event at Cashman Center brought together struggling homeowners and lenders with the goal of avoiding foreclosure.

John and Queenesthra Moore of Henderson attended Wells Fargo's homeowner workshop Wednesday with low expectations of getting a loan modification approved on the spot. It hadn't happened for them at previous workshops.

Read more at the Las Vegas Review-Journal... Read More

Senior Center, Apartments to Celebrate Grand Opening

Senior Center, Apartments to Celebrate Grand Opening

 

A new senior center and low-cost apartment complex makes its debut at the end of March.

The City of Henderson and Nevada H.A.N.D., Inc. will host a grand opening celebration for the Downtown Senior Center and Pacific Pines 4 Senior Apartments at 9:30 a.m. March 29, at 27 E. Texas Ave. in the Water Street District.

Pacific Pines 4 Senior Apartments is an affordable senior housing community that incorporates many sustainable and green building features such as photovoltaic solar energy, LED exterior lighting, high efficiency heating and cooling equipment, solar hot water panels, and high efficiency condensing boilers. The complex features 62 one- and two-bedroom apartments. The property is already fully occupied.

Realtor Trusts in Lake Las Vegas

Realtor Trusts in Lake Las Vegas

 

At least one local Realtor is betting on a rebound at Lake Las Vegas.

Robyn Yates, owner/broker of Windermere Prestige Properties, today announced the merger of Lake Las Vegas Village Realty. The newly renovated Windermere office is located in the Village at Lake Las Vegas.

According to Yates, Lake Las Vegas is being re-discovered by a diverse group of buyers. Prices for luxury condominiums have dropped 42 percent since the peak of the market and home prices now range from $39,900 for a condominium to $899,900 for a custom-built home at Southshore.

Moody's Lowers Henderson's Bond Rating as Property Values Drop

Declining real estate hurts the valley in more than one way.

Citing declining property values associated with the recession, Moody’s Investors Service on Tuesday downgraded the city of Henderson’s general obligation bond rating.

Read more at Vegas Inc.... Read More

WATCH: The Arts Take Center Stage

LAS VEGAS -- Las Vegas is transforming into a cultural mecca, and this weekend, 8 News NOW takea you inside as the arts take center stage.

From the new Smith Center for Performing Arts, to the Neon Boneyard and Arts District, Las Vegas is doing more with arts and theater than ever before.

8 News NOW and our Community Pride sponsors will be the first to take you through the new buildings and give you a sneak peak at what's to come in the next year in our special.

Cash is King in Las Vegas House Market

Cash is King in Las Vegas  House Market

More than half of the houses sold in Southern Nevada in February were purchased with cash mostly by investors who are renting out the homes, according to the Greater Las Vegas Association of Realtors.

"Las Vegas will be a testing ground to see how high this number can go," said Paul Bell, GLVAR president. Cash sales represented 53.8 percent of the overall sales during February which is up from 51 percent in January. Bell cites tougher lending standards make it more difficult for non-cash buyers.

Also, last month, home prices rose slightly with a median of $128,000 but were down more than 5 percent from a year ago. Nearly 52 percent of the homes sold were bank-owned and 26 percent were short sales.