The Las Vegas Valley saw the biggest increase in the country in starter homes on the market, according to a new Redfin report.
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The builders acquired land tracts off Far Hills Avenue in an area with several new housing tracts underway.
Las Vegas Realtors President George Kypreos said the local real estate market is going through a “reset.”
George Kypreos, the current president of the Las Vegas Realtors, spoke to the Las Vegas Review-Journal about the valley’s real estate climate in 2025 and where the market is headed.
A new report from UNLV’s Lied Center for Real Estate estimates that over the next 13 years the valley will see an additional 80,000 buildings become 50 years or older.
Redfin’s latest report shows the valley has seen the second biggest shift in the country, behind Denver, from a seller’s to a buyer’s market year over year.
Prices are still high in Southern Nevada, making it difficult for many would-be buyers to afford a place.
Gary Mayo will oversee developer Jim Rhodes’ long-sought hilltop project west of Las Vegas.
Summerlin’s developer sold a big land tract on the edge of Las Vegas for more than $100 million, after a builder drew up plans for hundreds of houses on the site.
Mike Roland, the founder of The Roland Team, said until mortgage rates come down, the industry will continue to see a slowdown in sales.
Southern Nevada faces a unique challenge when it comes to building both commercial and residential projects because the Bureau of Land Management controls so much of the land, experts say.
Homebuilders sales fell sharply last month as buyers again paid record-high prices, a new report shows, a sign of the affordability hurdles that many others still face.
GK Properties and Signature Real Estate Group are merging, with Signature being the company name after Oct. 8, the brokerages said.
UNLV’s two recent high-profile coaching hires both made multimillion-dollar home buys in guard gated Las Vegas Valley communites in the past year.
A new report shows a substantial month-over-month decline in rates locally fueled by a slowdown in migration and an uptick in multifamily units coming onto the market.