America’s casino capital is known for its towering resorts, but it also has seen numerous real estate plans come and go.
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A cottage industry of private administrators, real estate agents, house-flippers and others cashed in on homes across Southern Nevada after the owners died.
The notion of selling someone’s property without them knowing might seem far-fetched, but attempting the scam isn’t difficult.
The 2.2-acre compound boasts unobstructed views of the Strip, 18-car garage, gym, outdoor sport court, pizza oven, 50-plus-foot-long pool and spa, and two-story guest house.
The housing market started the year on a slow note, and though mortgage rates have been volatile lately, buyers have been returning.
The house at the valley’s southern edge boasted a “wellness center,” movie theater, wine gallery, fire pits and electric shades.
The average monthly rent for a Southern Nevada apartment was down 1 percent from 2021, following a 22 pecent increase that year.
The International Builders’ Show is projected to host more than 1,000 exhibitors and draw more than 57,000 attendees.
Builders sold 782 homes in Las Vegas’ largest master-planned community last year, down 52 percent from 2021, according to separate reports last week from two consulting firms.
An industry group cited high mortgage rates, elevated construction costs and “flagging consumer demand due to deteriorating affordability conditions.”