Penta Building Group is constructing a 25-story, 500-room tower at the Golden Nugget, the latest expansion of the downtown Las Vegas hotel-casino owned by Landry’s Restaurants.
With the pep talk from real estate agents contradicted by doom-and-gloom reports on the housing industry, nobody seems to really know if or when the market will begin to recover.
That screeching sound heard throughout Las Vegas Valley is the brakes being applied not only to large-scale Strip projects, but to many of the residential and mixed-use projects planned for the outskirts of town and outlying rural areas.
Sales of existing homes in the West edged higher overall in July, as many buyers took advantage of falling prices in foreclosure-ravaged areas in California, Nevada and elsewhere, according to two reports Monday.
Home sales are making a comeback in Las Vegas and inventory has been reduced to about an eight-month supply, but prices continue their free fall from a year ago, a strong signal that the housing market has yet to enter recovery.
WASHINGTON — The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with the same month a year ago, according to data being released today.
With walls made of insulated concrete forms and a gas-powered air conditioning system, the New American Home being built by Las Vegas-based Blue Heron sets an example for other home builders around the globe, project manager Kris Oesterling said.
Home sales in Las Vegas increased for the seventh straight month to 2,592 in July, the most since September 2005, and inventory remained stable at 23,423 units, the Greater Las Vegas Association of Realtors reported Thursday.
We tried to find some new real estate investors to interview for this article.