The county’s CARES Housing Assistance Program, or CHAP, has served as a lifeline for many Southern Nevada families to catch up with their back rent.
Housing
Your No. 1 source for Las Vegas housing and real estate news.
Buoyed by shrunken borrowing costs, Las Vegas’ housing market has reached new heights multiple times during the pandemic.
For many, easing the financial burden will mean filing for bankruptcy and experts predict a tsunami of filings after the New Year.
The median sales price of previously owned single-family homes — the bulk of the market — was a record $325,000 last month, up 3.2 percent from May and 6.9 percent from June 2019.
Las Vegas house prices hit a record high again last month, but the pipeline of sales shrank as the coronavirus pandemic wreaked havoc on the economy.
Fewer homes traded hands in 2019 than the year before, according to a new report from the Greater Las Vegas Association of Realtors.
The penthouse boasts 6,230 square feet of living space, 30-foot floor-to-ceiling windows, an indoor DJ booth, an outdoor hot tub, movie screen and bar and panoramic views of the valley.
Las Vegas’ housing market had a bump in sales last month compared to June, but things have still largely downshifted from a year ago.
The Calida Group acquired the 624-unit Pointe at Centennial in the northwest valley for $100 million and the 459-unit Mosaic in the southwest valley for more than $87 million. The sales closed last month, property records show.
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 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 house prices have climbed fast and could reach their pre-recession peak later this year, a new report says.
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