Work crews had torn down most of Fiesta Rancho’s hotel tower, on the north side of the property, as of Thursday morning.
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The housing market started 2023 on a slow note, and though mortgage rates have been volatile lately, buyers have been returning.
A hospital chain acquired a sprawling land tract on Las Vegas Boulevard, raising the prospects of a new medical campus.
A sharp jump in mortgage rates has sparked big drops in home sales, widespread price cuts and huge increases in available inventory.
The locals-focused casino chain purchased nearly 67 acres in North Las Vegas after landing approvals for a 600-room hotel project.
Hotel giant Hilton announced plans for the luxury Waldorf Astoria Lake Tahoe, to be located on the Nevada side of the alpine lake.
Las Vegas house prices dropped to their lowest level of the year last month as higher mortgage rates throws cold water on the market.
Toll Brothers, which has projects around the Las Vegas Valley, opened two neighborhoods in the Desert Color master-planned community just north of the Arizona border.
The median sales price of previously owned single-family homes was $450,000 last month, unchanged from August.
Sales have been tumbling in Las Vegas and around the U.S., and if borrowing costs keep falling, it could spark more buying activity.