Nevada lawmakers passed several housing-related bills in the recently concluded legislative session, affecting construction defect claims, affordable housing development, and evictions.
Housing
Marc-Andre Fleury has sold his house. And in true Vegas fashion, records indicate the buyer is a strip club owner.
TruAmerica Multifamily announced Monday that it acquired Allanza at the Lakes with an undisclosed partner for $152 million.
The median sales price of previously owned single-family homes was $300,000 in May, according to a new report from the Greater Las Vegas Association of Realtors.
Life Time founder Bahram Akradi said one-bedroom units might cost about $2,500 per month and two-bedrooms will probably start at $3,000.
Foreclosures have by no means stopped, but amid an improved job market, they are a lot less common nowadays.
Las Vegas has no shortage of homes for rent between $1,000 and $2,000 a month. Some landlords, however, charge the price of a new car every four weeks.
Las Vegas’ prices rose fastest among the 20 markets in the report for the 10th consecutive month, though the growth rate has slowed locally and nationally.
State lawmakers approved a bill in 2015 — a decade after Las Vegas’ wild building spree — that raised barriers to pursuing lawsuits alleging shoddyconstruction.
The state Assembly approved a bill last month that would make it easier for homeowners to pursue construction defect claims — and potential lawsuits — against builders, contractors and others who worked on their houses.
Maxx Properties acquired the 609-unit Villas at Green Valley for $97.25 million.
Single-family houses dominate Las Vegas’ home construction market, but sales are slipping as buyers gravitate toward lower-priced condos and townhomes.
You can never rule out another housing crash,but just because the market has cooled off doesn’t necessarily mean it’s in the early stages of a collapse.
The Las Vegas Motorcoach Resort has elevated the RV lifestyle to a fine art, with amenities like a 10,000-square-foot clubhouse, a fitness center, a 24-hour guard gate and concierge services.
HUD Secretary Ben Carson, visiting Las Vegas, touts streamlined applications, reduced fees and tax credits as a way to induce developers to build or rehabilitate low-income housing nationwide.
