The median price of a single-family resale jumped 7.5 percent year over year in the month, to $220,350, the Greater Las Vegas Association of Realtors reported early Monday.
Housing
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The Las Vegas housing market ended 2015 on a solid note, with stable appreciation and a healthy gain in home sales, according to a new report.
After years of nauseating ups and downs, the Las Vegas housing market is perfectly normal at last. A Friday report from the Greater Las Vegas Association of Realtors showed the city further shaking off its decade-long roller-coaster ride.
State officials are dimming the lights and preparing to phase out an ambitious but short-lived program initially intended to help people stay in their homes as Nevada’s housing market crumbled and home values plummeted during the Great Recession.
The share of Clark County borrowers making low down payments jumped to 36 percent in the first quarter, up from 31 percent a year earlier.
A trio of Wednesday reports showed steady prices and sales, plus a sustained investor presence and even potential overvaluation.
Neither sluggish employment gains nor slower-than-normal economic growth are likely to restrain consumer demand for homes in 2015 and 2016.
The Underground House at 3970 Spencer St., one of the valley’s most unusual houses, went on the market about a year ago. The house was initially listed at $1.7 million and on March 28 it sold for the bargain basement price of $1.15 million.
KGA Architecture’s large-scale projects have helped shape the Southern Nevada landscape – from hotel-casinos to hospitals, and high schools to police stations. Ed Kittrell founded the firm 39 years ago with George Garlock.
After nearly a decade of incredible highs and devastating lows, it was time for a party. With its Silver Nugget Awards on March 29, the Southern Nevada Home Builders Association threw its first big annual awards party since 2004, and nearly 300 people came to celebrate.
For local home builders, 2013 was a year of surging sales and prices. So what’s on tap for the sector in 2014? Let’s just say industry experts are already looking ahead to 2015.
Castle & Cooke Mortgage LLC has agreed to a pay a $13 million penalty for allegedly steering consumers into costlier mortgages under an agreement reached with the federal Consumer Financial Protection Bureau.
Las Vegas had a 20.7 percent year-over-year gain in home asking prices in February, and inventory is no longer in a free fall, online listing firm Trulia.com reported.
Nevada Attorney General Catherine Cortez Masto rolled out an $11.7 million program Monday to provide a one-stop resource shop for homeowner relief.
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