Rents in most major U.S. metropolitan areas have risen some 1.5 times faster than wages in the last four years, according to an analysis by Zillow Group Inc.
Housing
Your No. 1 source for Las Vegas housing and real estate news.
America’s casino capital is known for its towering resorts, but it also has seen numerous real estate plans come and go.
The four bedroom, six bathroom Henderson mansion is listed for $34 million. Take a tour.
A local realtor cited many factors for the historically low inventory, including interest rates and homeowners renting out their houses instead of selling.
Southern Nevada house prices resumed their downward slide last month, as buyers locally and nationally pull back amid higher borrowing costs.
The five-story, 290-unit project would feature an indoor golf simulator, a courtyard with hammocks and bocce ball, and units ranging from 600 to 1,346 square feet.
After multiple ownership changes, Jerry Lewis’ Las Vegas home is set to hit the market again for $2.7 million after it got touch-up renovations to modernize the property.
Blue Heron held a ceremonial groundbreaking for Shoreline, an 83-lot housing tract at Lake Las Vegas in Henderson.
Frank Nothaft, chief economist with housing tracker CoreLogic, expects a strong spring buying season.
The median sales price of previously owned single-family homes reached a record high of $450,000 in February.
Southern Nevada’s fast-rising house prices set another all-time high in January, as last year’s hot streak carried over to the new year.
Southern Nevada logged the most resales on record in 2021, prices have been hitting new all-time highs practically every month, and houses have been trading rapidly.
U.S. firms that flip houses around the country purchased 532 homes in the Las Vegas area in the second quarter, up almost 80 percent from the first quarter.
The median sales price of previously owned single-family homes was $405,000 last month, unchanged from the record high set in July.
Diverse housing is available for the new $395,000 median purchase price of a home in Southern Nevada.