The recent decline in rates “has been large,” but homebuyer sentiment “remains low with no major positive reaction in purchase demand.”
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Redfin CEO Glenn Kelman said the home-flipping sector it entered “is a staggering amount of money and risk for a now-uncertain benefit.”
Southern Nevada’s market appears to be in a logjam, and there’s no telling when it will break through.
Sales have been tumbling in Las Vegas and around the U.S., and if borrowing costs keep falling, it could spark more buying activity.
There’s no way to predict where the market will head in the coming months, but for now, it’s cooling off.
Locally and nationally, the number of price cuts rose for the third consecutive month in May.
Housing markets are prone to ups, downs and other shifts, especially in Las Vegas, and there’s no telling how long the current trends will last.
A local developer has launched a new apartment project in downtown Las Vegas after he built and leased one up in the Arts District.
Fueled by cheap money, Las Vegas is in a prolonged homebuying boom.
Last year’s sales tally was the highest since 2006 during Las Vegas’ wild, yet doomed, real estate bubble.