Southern Nevada home prices were up 25.7 percent year over year in November, compared with an 18.8 percent gain nationally.
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After a multi-family housing complex in downtown Las Vegas was sold last year, rents dramatically increased, leaving cash-strapped residents scrambling to decide their next move.
Frank Nothaft, chief economist with housing tracker CoreLogic, spoke with the Review-Journal about the U.S. market’s trajectory during the pandemic and what might happen next.
Summerlin and three other Southern Nevada master-planned communities ranked among the 25 top-selling areas in the nation for homebuilders.
Last year’s sales tally topped the previous all-time high by nearly 2,000 transactions, and the median price hit $425,000 in December, also setting a record.