Southern Nevada’s market remains in something of a logjam, and industry experts predict a muted year ahead for housing nationwide.
Housing
Your No. 1 source for Las Vegas housing and real estate news.
The recent decline in rates “has been large,” but homebuyer sentiment “remains low with no major positive reaction in purchase demand.”
A formerly quiet, sprawling tract of land near the Strip is becoming a Formula One racetrack and the owner of a rental property next door is looking to sell for a hefty sum.
The locals-focused casino chain sold 21 acres in the southwest Las Vegas Valley for nearly $24 million to an apartment developer.
McCourt Partners announced that it partnered with Las Vegas-based Tru Development Co. on a 244-unit apartment complex.
After his trade from the Golden Knights, Max Pacioretty is trying to sell his Las Vegas mansion for nearly $12 million — almost double what he paid for it last year.
Lennar Corp. recently held a ceremonial groundbreaking for a 25-unit townhouse complex called Aqua.
Arizona-based The Wolff Co. broke ground this year on a 316-unit apartment complex called LVB.
“As long as mortgage rates and prices remain high, buyers will be looking for a relief valve,” an analyst said.
The Las Vegas City Council approved an agreement that calls for a five-story, 84-unit rental complex with commercial space in a segregation-era neighborhood.
Blasted out of the McCullough Range by Hong Kong tycoon Henry Cheng, the luxury Henderson community boasts more than 300 homesites.
The average asking rent for Southern Nevada apartments was $1,451 per month during the third quarter, down almost 2 percent from the second quarter.
A California-based company is transforming the Safari Motel into transitional housing for adults who’ve recently become homeless.
Elevated borrowing costs have slowed home sales in Southern Nevada and around the country this year.
A cadre of officials on Wednesday unveiled a new Las Vegas Justice Court-based diversion program that may help thousands in such legal predicaments.