Brian Wargo

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Foreclosure kills huge project near mountain: Homes have yet to be built on land by Kyle Canyon purchased for $510 million; Friday, Nov. 21, 2008; When Focus Property Group gathered eight homebuilders and purchased 1,710 acres of government land at the base of Kyle Canyon in 2005, it promised to extend Las Vegas still farther into the desert, delivering suburbia to the doorstep of Mount Charleston.
Home prices show signs of stability in October: Tuesday, Nov. 18, 2008; Price depreciation of existing homes sold in October slowed to its lowest level since April as sales remained strong despite the lingering credit crunch.
Vacant homes, fewer people. This is Vegas?: Saturday, Nov. 15, 2008; For all the numbers that define Clark County and its economic woes, this one may be the most startling:
Bank forecloses on Kyle Canyon development: Thursday, Nov. 13, 2008; Wachovia Bank has foreclosed upon a 1,710-acre development in Las Vegas before a single home was built, the chief executive of Focus Property Group said today.
Las Vegas tops list of home foreclosures: City recorded one filing for every 62 households in October; Thursday, Nov. 13, 2008; Las Vegas reported the highest foreclosure rates in the nation in October in topping 229 other metropolitan areas. The 12,155 filings in Las Vegas were 6 percent greater than September and 104 percent higher than October 2007.
Home sales, prices fall in October: Monday, Nov. 10, 2008; The number of home sales listed by Realtors dipped slightly in October as median prices fell to $190,000, the Greater Las Vegas Association of Realtors reported.
Economist: Las Vegas economy stagnant into 2010: Survey shows local business leaders concerned about housing market; Friday, Nov. 7, 2008; The Las Vegas economy, which has been in recession since the end of 2007, has remained in a holding pattern but the weakness should continue into 2010, according to a UNLV economist.
Bailout no quick fix for valley: Credit crunch, soft demand expected to continue thwarting developers, especially those of office projects; Monday, Oct. 6, 2008; Wall Street’s financial woes have played havoc with all sectors of the Las Vegas development community, from housing to office and retail.
Priciest of homes not immune to crunch time: One expert predicts downturn could last through 2010; Monday, Aug. 11, 2008; The slumping economy and credit crunch are catching up to the luxury home market in Las Vegas.
Housing affordability seen as long-term problem: Businesses, governments in area must do more to help workers, study says; Tuesday, July 22, 2008; Despite median house prices dropping more than 20 percent in the past year, affordability remains a long-term problem that could stop industries and workers from moving to Southern Nevada, according to a study.