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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Sales in the West, which have been volatile in recent months, rose 18.8 percent after plunging 15.2 percent in March.
New-home construction rose in April, extending a pattern of gains and losses that signals the U.S. homebuilding industry is contributing little to economic growth.
U.S. homebuilders’ confidence held steady in May for the fourth month in a row, reflecting an overall optimistic outlook for the new-home market even as the pace of sales has slowed recently.
The Wolff Co. and 901 Fremont, LLC, an affiliate of Downtown Project, on Monday will introduce, a mixed-use, multifamily residential project at the intersection of Fremont and Ninth streets.
Annual local home-price gains slowed to more traditional levels as the Las Vegas Valley’s home values held steady in April.
The Nevada Supreme Court on Thursday ruled in a long-awaited dispute over homeowner association dues in super-priority lien cases, finding that Nevada law does not allow for the collection of costs and fees in addition to nine months of back-owed assessments.
More than 5,500 Nevada families have been able to purchase a home through a state program that provides grants for down payments, the state Housing Division said Thursday.
Home prices in 20 U.S. cities rose less than forecast in February from a year earlier, which bodes well for prospective buyers.
New-home sales slipped 1.5 percent last month to a seasonally adjusted annual rate of 511,000, the Commerce Department said Monday. That ratehas steadily dropped from 519,000 in February and 521,000 in January. Sales plummeted 23.6 percent in the West, which has been prone to volatileswings in sales as one of the nation’s priciest housing markets.