Southern Nevada’s market remains in something of a logjam, and industry experts predict a muted year ahead for housing nationwide.
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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.