The Las Vegas Valley has the fifth-highest average homeowner age in the United States, according to a recent report from LendingTree.
Patrick Blennerhassett
Reporter: Real Estate and Housing
Phone: 702-348-3967
Patrick Blennerhassett hails from Kamloops, a small city in Canada, and first started working as a newspaper reporter in the early 2000s. Before joining the RJ, he worked for the South China Morning Post, based out of Hong Kong, where he covered sports and the growing intersection of sports and politics. Patrick was also a writer for Business in Vancouver, covering a wide range of topics including real estate, economics, trade and geopolitics, and for the Victoria News, where he won a Jack Webster Fellowship Award. Patrick’s work has been published in outlets such as The Guardian, The Globe and Mail, Reader's Digest, Chicago Tribune, The Seattle Times, Miami Herald, and he has appeared on CBC, NPR and BBC radio. He is a four-time published author and has traveled to more than two dozen countries.
Roughly 7,206 single-family homes were listed for sale at the end of August, according to Las Vegas Realtors
A recent report from Realtor.com found that the Las Vegas Valley has seen a substantial rise in luxury listings as of late; however, sellers are trimming prices.
Borroka founder and Las Vegas native Randel Aleman looks to shine a light on the next wave of MMA talent coming out of the city.
Redfin says the valley is feeling the effects of affordability pressures and elevated mortgage rates “more acutely” than most other metro regions in the country.
Plus, active listings in the valley jumped 31 percent in July compared to the same month last year, the largest increase of any metro region in the country, according to Redfin.
The valley is a step behind building because of lack of available land, building regulations and strong incentives for developers, experts say.
The house was originally built in the 1970s and features two homes, one above ground and one below.
Nevada led the country when it comes to per unit rate of home foreclosures in July, according to the Attom report.
The biggest barrier to accessing most of this land is the federal government, said panelists at a recent event hosted by U.S. Rep. Dina Titus.
Federal data shows valley residents who have a subprime credit score has been on the rise since early 2021.
The deceased Nevada gaming mogul still owns another condo in the same complex. Its price has just been reduced.
Both residential and commercial real estate statistics show a downturn in sales and construction, according to local stakeholders.
The publicly traded real estate investment trust confirmed the number of homes it owns in the valley to the Las Vegas Review-Journal.
The Las Vegas Valley’s long history with construction defect reform ligitation, which started in the 1990s, is still being debated today at the state level.