Many people can’t qualify for a mortgage, as they can’t afford the higher payments brought on by rising interest rates.
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The shuttered White Sands is being offered for sale through auction site Ten-X, with a starting bid of $1.5 million.
Greystar’s Southern Nevada projects are near retail and other amenities and both are near hospitals.
Redfin CEO Glenn Kelman said the home-flipping sector it entered “is a staggering amount of money and risk for a now-uncertain benefit.”
VanTrust Real Estate announced that it started construction on the first two buildings in Vantage North, a 4.5 million-square-foot logistics and distribution project in North Las Vegas.
Southern Nevada house prices resumed their downward slide last month, as buyers locally and nationally pull back amid higher borrowing costs.
An industrial park in North Las Vegas sold last month for more than $140 million, after construction finished in September.
Homebuilders notched 580 net sales in Southern Nevada in September, up 19% from August but down almost 41% from September of last year.
Lennar Corp. recently held a ceremonial groundbreaking for a 25-unit townhouse complex called Aqua.