Redfin CEO Glenn Kelman said the home-flipping sector it entered “is a staggering amount of money and risk for a now-uncertain benefit.”
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Southern Nevada’s market appears to be in a logjam, and there’s no telling when it will break through.
Sales have been tumbling in Las Vegas and around the U.S., and if borrowing costs keep falling, it could spark more buying activity.
There’s no way to predict where the market will head in the coming months, but for now, it’s cooling off.
Locally and nationally, the number of price cuts rose for the third consecutive month in May.
A local developer has launched a new apartment project in downtown Las Vegas after he built and leased one up in the Arts District.
Southern California real estate firms Lyon Living and LandSpire Group recently started construction on a 294-unit rental complex at The Gramercy in the southwest valley.