Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin.
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There’s no way to predict where the market will head in the coming months, but for now, it’s cooling off.
Southern Nevada’s housing market is no stranger to volatility — and lately, it seems the industry is on anything but even ground.
Locally and nationally, the number of price cuts rose for the third consecutive month in May.
Housing markets are prone to ups, downs and other shifts, especially in Las Vegas, and there’s no telling how long the current trends will last.
Las Vegas home prices are skyrocketing, but as borrowing costs climb, buyer activity is down.
A local developer has launched a new apartment project in downtown Las Vegas after he built and leased one up in the Arts District.
Fueled by cheap money, Las Vegas is in a prolonged homebuying boom.
Last year’s sales tally was the highest since 2006 during Las Vegas’ wild, yet doomed, real estate bubble.
The priciest and cheapest house sales of 2021 were separated by more than just many millions of dollars.