Jim Rhodes, founder of Harmony Homes, recently listed his 2-acre Las Vegas spread for almost $30 million. At that price, according to the listing on Zillow, the estimated mortgage payment is $116,995 per month.
Some 67,900 people worked in the Las Vegas-area construction industry in December, up 8.8 percent from a year earlier, according to a report Tuesday from the Associated General Contractors of America.
Southern California architect Christopher Mercier, in town this week for the Las Vegas Market furniture and home-decor expo, gave a presentation Tuesday at the convention. He spoke with the Las Vegas Review-Journal afterward about the local architectural landscape.
Oak Residential Partners announced last week that it bought the 124-unit Madison at Black Mountain rental complex in Henderson.
Prices in Southern Nevada were up 12 percent year-over-year in November, more than double the national rate of 5.2 percent, according to the SP CoreLogic Case-Shiller index released Tuesday.
Las Vegas, with its fast-cash image and anything-goes real estate market, has long been a popular place to flip houses . A lengthy menu of home-flipping reality television shows has also fueled interest in the get-rich-quick tactic, and the stars of “Desert Flippers” were in town Monday to talk about it.
Janet Carpenter, managing broker of Signature Real Estate Group’s Summerlin office, is this year’s president of the Greater Las Vegas Association of Realtors. She met with the Las Vegas Review-Journal recently at her office to talk about the housing market.
Las Vegas homebuilders last year booked the most sales in a decade as buyers paid record prices, but the market is forecast to cool off in 2019.
The 267-unit rental project is called Tanager, a tribute to the Curtiss Model 54 Tanager airplane built in 1929.
The Southern Nevada Regional Housing Authority is considering dipping into $13 million of its reserves to cover rental assistance payments in March if the federal funding stream for the subsidies dries up because of the ongoing government shutdown.
City documents show plans for 303 single-family homes and two multifamily projects with 491 apartments combined, all on about 60 acres.
U.S. home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note.
Nevada Gov. Steve Sisolak is throwing his support behind a proposal to allocate some $40 million in state tax credits before 2025 to build and preserve affordable housing.
With apartment builders focused mostly on the suburbs, Las Vegas developer Jonathan Fore is laying another bet in the valley’s core.