Home prices are rising faster nationally than in Las Vegas, but wages have inched higher locally and outpaced a slight U.S. dip.
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While Las Vegas is running ahead of 2015 in terms of home and condo sales, the limited supply has finally caught up with the market.
Neighbors in an unincorporated area of Clark County worry a proposed zoning change to a parcel across the street in the city of Las Vegas that would allow higher-density development will encroach on their rural lifestyle, and set a precedent for the area.
The Villages at Tule Springs — the largest housing development in North Las Vegas since the start of the recession — has its first three builders lined up.
Julie Davies hoped that by now the downtown Las Vegas condo she owns would be drawing in regular visitors and revenue, but it sits unoccupied while she pays for a storage unit for its furnishings.
Summerlin is re-establishing itself as king of the mountain in Las Vegas, and the developer credits the opening of its downtown nearly two years ago for making that possible.
U.S. homebuilders are feeling slightly less optimistic about their sales prospects this month, though their outlook for the new-home market remains positive overall.
The vote on June 23 by Great Britain to exit the European Union has sent bond prices soaring and mortgage rates lower.
The median price of homes sold in Southern Nevada has nearly doubled since the market hit its low in 2012, new data show.