The lawsuit, which names Las Vegas Realtors, says real estate associations have created a closed, nonnegotiable system for getting homes listed on the MLS.
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The new build-to-rent-project is responding to market shifts as mortgage rates remain elevated and “stigma” around luxury rentals drop.
Nevada HAND receives 2,000 calls a day from people seeking affordable housing and only has a “handful” of vacancies in its 4,700-unit portfolio, the president and CEO said.
The buyer, British businessman Simon Dolan, made headlines for challenging the U.K. government in court over the country’s pandemic lockdowns.
The 8,684-square-foot house and nearly 1-acre lot next door were listed Feb. 9 for $7.5 million and apparently went under contract with a buyer on Feb. 18.
The rock star’s 11,000-square-foot house is priced at $13.5 million and features a courtyard entrance, floor-to-ceiling windows, a commercial elevator and direct views of the Strip.
Builders notched 1,215 net sales — newly signed sales contracts minus cancellations — in Southern Nevada in April, up nearly 400 percent from 244 sales in April 2020.
The Las Vegas housing market has become fiercely competitive in recent months, and the pressure to find a home is even more challenging for first-time buyers.
Gov. Steve Sisolak eased his COVID-19 restrictions on large gatherings this week, and the directive included allowing Realtors to once again host open houses.
Raiders owner Mark Davis, after bailing on plans to build a house in a wealthy Las Vegas enclave, has bought a bigger plot across town in the Henderson mountains.