Redfin CEO Glenn Kelman said the home-flipping sector it entered “is a staggering amount of money and risk for a now-uncertain benefit.”
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Fueled by cheap money, Las Vegas is in a prolonged homebuying boom.
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.
Atlanta-based homebuilder Beazer Homes bought a tract of land during the bubble days in Indian Springs, a quiet, pint-sized community, and filed plans to build a subdivision.
If your Las Vegas house hunt is taking longer than expected, you’re not alone, as sellers are increasingly gun shy.