Las Vegas was still feeling the effects of the recession when it officially ended in June 2009.
Las Vegas has a higher rate of deeply-late borrowers than the country at large, but that’s tumbled as well, as Southern Nevada continues to shake off its problems from the the recession.
Las Vegas flippers on average sold houses in the second quarter for $54,600 above what they bought them for, producing a gross return on investment of 27.6 percent.
In both places, a rapid acceleration in the mid-2000s was followed by a devastating crash, and the current recovery is nowhere close to recouping all its losses.
Kingman isn’t roaring with growth today, and despite Las Vegas’ fast-rising home prices, it seems unlikely that Kingman will become a commuter town anytime soon.
Las Vegas homebuilders notched a 20 percent year-over-year increase in July sales and fetched a median price that was 17 percent higher than a year earlier, a new report shows.
The median sales price of previously owned single-family homes in Las Vegas was $290,000 in July. Here’s a look at what that gets you around the valley.
President and CEO Fred Tuomi “will be taking a temporary leave of absence to care for a family member’s medical issue,” Invitation announced Monday. The Dallas-based company did not elaborate on the issue, nor did it say when Tuomi was expected to return.