Las Vegas house sales plunged last month from year-ago levels, but prices ticked higher, a new report says.
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People gambled and hit the pools Saturday, and resorts seemed busier than on Day One, when foot traffic was relatively tame.
Visitors were happy to be back, but overall, Las Vegas’ casino reopening wasn’t met with stampedes of incomers.
Las Vegas’ jobless rate was by far the highest among major American cities in April, new data shows, underscoring the coronavirus pandemic’s financial carnage in Southern Nevada.
Homebuilding activity dropped sharply in Las Vegas last month amid the pandemic-sparked economic shutdown. But the worst may be over for the local housing market, a new report says.
Las Vegas’ unemployment rate shot past 33 percent last month amid sweeping business closures sparked by the coronavirus pandemic.
The market hasn’t collapsed after the coronavirus outbreak shut down much of Southern Nevada’s economy virtually overnight, but tenants have sought rent relief and struggled to pay on time.
Allegiant Air passenger volume nearly evaporated last month after the coronavirus pandemic started shutting down much of the economy in March, newly released figures show.
Management announced the open-air, food-and-retail complex at Fremont and Seventh streets would operate from 11 a.m. to 7 p.m. daily.
Las Vegas-based Allegiant Travel Co. on Tuesday reported a $33 million loss in the three months ended March 31, compared to a $57.1 million profit the same period last year.
Las Vegas’ housing market is slowly chugging along, but many buyers have canceled amid skyrocketing job losses, and the sales pipeline has shrunk fast.
Don’t expect a big burst of real estate action anytime soon.
The median sales price of previously owned single-family homes — the bulk of the market — was $310,000 in April, up 3.3 percent from the same month last year.
A bankruptcy court auction is scheduled to be held May 19 for a 38.5-acre spread along Las Vegas Boulevard across from Mandalay Bay. Bids were due Thursday.
A Siegel Suites property manager is being disciplined after telling tenants they can’t have visitors at the Las Vegas apartment complex because of the coronavirus pandemic and threatening eviction if they did, the landlord said.
Local brands for Atlanta-based PulteGroup include Pulte Homes, Del Webb and American West.
A representative for the $4.3 billion hotel-casino project on Thursday announced the new cases of the respiratory disease caused by the novel coronavirus.
With the travel industry devastated by the coronavirus pandemic, Allegiant Air expects to receive more than $170 million in payroll support funds from the federal government.
Nevada construction employment growth led the nation last month with another Southwestern state, even as the coronavirus pandemic started shutting down the economy and hard hats lost jobs around the U.S.
People are still buying homes, and builders are still building, but the pipeline of sales is shrinking fast amid the turmoil.
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