The International Builders’ Show is projected to host more than 1,000 exhibitors and draw more than 57,000 attendees.
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The median closing price of newly built homes in Southern Nevada was around $419,950 in July, up 13 percent from a year earlier.
UNLV’s Center for Business and Economic Research predicts that visitor volume in Southern Nevada will climb 57 percent this year and 13.2 percent next year, following its 55.2 percent drop in 2020.
Developer Steve Witkoff and Howard Lorber, chief executive of cigarette maker Vector Group, are looking to raise $250 million for a yet-to-be-determined real estate tech venture.
If the factors that fueled Las Vegas’ surprising housing surge stay in place, the market will buzz with activity in 2021, observers said.
Matter Real Estate Group recently obtained a $150 million loan to help pay for UnCommons, a mixed-use project in the southwest valley.
Las Vegas came in No. 2 to Phoenix for second straight month in the SP CoreLogic Case-Shiller index, which showed Southern Nevada prices were up 4.7 percent year-over-year in July, compared with 5.8 percent for Phoenix.