WASHINGTON — Home prices in 20 U.S. cities advanced at a slower pace in the 12 months through September as the housing market continued to make gradual progress.
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There’s Class A, and then there’s Class AAA. For an example of the latter, look at 1701 Village Center Circle in Summerlin, where perhaps one of the highest-end office buildings in the Southwest has come on the market.
Local home prices dipped slightly from March to April but are still up sharply on an annual basis, new statistics being released Thursday by the Greater Las Vegas Association of Realtors show.
U.S. home prices rose at a slightly slower pace in the 12 months that ended in March, a sign that weak sales have begun to restrain the housing market’s sharp price gains. Data provider CoreLogic says home prices in California have jumped 17.2 percent from a year ago. Nevada, at 15.5 percent, has posted the second-largest gain.
Interest rates for mortgage loans have increased since 2013 — but they have not caused a major dent in the market as lenders and consumers shift away from refis to mortgages for home purchase.
You know your real estate market is bouncing back when new companies swoop in to benefit from recovery. Redfin, an Internet-driven, nationwide residential real estate brokerage, announced April 29 that it has opened a brokerage office in Las Vegas.
Everybody has joined this party.
Home prices in 20 U.S. cities rose at a slower pace in the year ended February as the residential real-estate market cooled. Still, the biggest gains across the U.S. were in Las Vegas.
An improving economy boosted Southern Nevada’s commercial real estate markets in the first quarter. A new report from commercial brokerage Avison Young shows improvements in the industrial, office and retail sectors, and gives a few key trends to look for.
During last decade’s boom in Las Vegas, the construction crane became the unofficial state bird and a sign of an expanding economy. These days, there appears to be another barometer about how residents view the housing market and the local economy – the lowly, often dinged-up dumpster.
The state will examine short sale practices in Nevada after concerns were raised by a Reno Gazette-Journal investigation published Sunday.
Sales of new homes unexpectedly plunged in March to the lowest level in eight months, reflecting a broad-based retreat that signals the industry is facing bigger challenges than just bad weather.
The Howard Hughes Corp. has announced plans for the first multifamily residential development in the 400-acre downtown Summerlin.
Union employees at the Southern Nevada Regional Housing Authority objected Thursday to the payment of nearly $1 million in legal fees, while the attorney blamed the union for driving his fees up.
A six-month federal audit found two “significant deficiencies” at the Southern Nevada Regional Housing Authority, which provides housing for low-income people.
Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.
Nevada Attorney General Catherine Cortez Masto partnered with the Financial Guidance Center to conduct the Twitter town hall on Monday as part of the state’s Home Again: Nevada Homeowner Relief Program.
Yet another moribund victim of the recession has snapped back to life. This revival story is happening in northwest Las Vegas, where the 24-acre Centennial Hills Center shut down construction in 2008 after its lender, Lehman Bros., went bankrupt.
WASHINGTON — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.
A local new-home project will get a shot in the arm from a California investor.
It’s hard to single out the most noteworthy part of the recent sale of a local CVS drugstore. Maybe it’s the deal’s price tag, certainly the most expensive CVS ever sold locally. Perhaps it’s the shop’s location on the Strip just south of Sahara Avenue, which positions it as a harbinger of development to come.
Nearly half of the names on a list of Southern Nevada’s most active builders during the 2006 housing bubble are gone from today’s roster — whether through bankruptcy, acquisition or self-imposed exile. Times were brutal from 2008 to 2011, and the sector looks very different in recovery.
California research firm RealtyTrac said Wednesday that the Silver State remained one of the nation’s top states for foreclosures, even as default activity fell here.