Some 15 years ago, a builder’s plan to construct high-rises in southwest Las Vegas failed, leaving a giant hole. Now another developer is moving forward with a plan for a big apartment complex there.
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Housing markets are always prone to ups and downs, especially in Las Vegas, and no boom lasts forever.
Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
Real estate pros point out that there are key differences between today’s hot streak and the doomed housing market frenzy of a decade-and-a-half ago.
Las Vegas city and community leaders are scheduled to hold a news conference Tuesday to announce the creation of the Coalition to Make Homes Possible.