Las Vegas home prices will keep rising at one of the fastest rates in the country next year, and sales will only creep up, according to a new forecast.
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Attached homes accounted for 13 percent of October’s sales tally, the sixth straight month that they fetched at least a 10 percent market share.
A condo east of the Las Vegas Strip is boarded up and, months after the owner died, still has furniture, clothes, oxygen tanks, a grimy stovetop and dishes in the sink. It’s also one of the cheapest homes for sale in Las Vegas
Las Vegas home prices keep rising fastest among major cities, a new report shows, and buyers are pulling back.
Las Vegas’ apartment market has accelerated in recent years. Developers are packing the suburbs with projects, landlords are on a buying spree , and tenants are filling buildings. Rents are also rising at one of the fastest rates in the country, stretching affordability for some.
In the past few years, several developers received approvals for apartment towers but haven’t built them.
The Las Vegas City Council appears to be changing course from a proposed city-wide ban on short-term rentals.
Developers will need to complete impact studies before seeking the Las Vegas City Council’s permission to re-purpose open spaces under an ordinance approved Wednesday.
Las Vegas’ median house price dipped below $300,000 last month as sales tumbled from a year earlier and inventory soared.