For local home builders, 2013 was a year of surging sales and prices. So what’s on tap for the sector in 2014? Let’s just say industry experts are already looking ahead to 2015.
Housing
Siegel Group Nevada announced Feb. 26 that it spent $4.2 million to buy the 119-unit Solana Square apartments at 450 E. Twain Ave. It’s the 23rd Nevada property for the nameplate.
U.S. home prices, led by gains of 22.2 percent in Nevada, rose in January after three months of declines as a tight supply of properties likely supported prices despite slower sales.
‘Tis the season for housing reports.
A less-than-perfect credit score is no longer an obstacle to buying a single-family home or townhouse in Southern Nevada.
The Las Vegas Valley has made huge strides in that negative-equity rate, slashing it in half in the last two years. Now, the city’s percentage of under-water homes is stabilizing at a high rate. So if you’re still under water, you’re probably going to stay there for the foreseeable future.
Nevada’s housing markets continued to stabilize in January, as a key investment sector eased off on home purchases here.
U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales. But home prices in Las Vegas and five other cities bucked the trend and rose.
Las Vegas should be among the U.S. cities primed for renewed investor interest in commercial real estate, but a new report from a national trade group shows the city may be missing some of the attributes it needs to compete for dollars.
Emeritus Senior Living, which owns three senior housing facilities in Las Vegas, has been bought by Brookdale Senior Living in a deal valued at about $2.8 billion, including $1.4 billion of Emeritus’ mortgage debt.
Developer Rich MacDonald plans to use the recent sale of his DragonRidge Country Club in Henderson as a tax loss while focusing exclusively on selling quarter-acre lots for $360,000 to $400,000 at his MacDonalds Highlands development overlooking the upscale golf course.
Sure, the Las Vegas housing market has perked up — but enough to justify a nearly ten-fold increase in new apartment units?
MIG Real Estate hasn’t snapped the wallet shut on its local commercial real estate shopping spree.
Nevada has reached a $6 million settlement with Lender Processing Services Inc. that resolves the state’s civil action alleging the firm violated the state’s deceptive trade practices act, the state attorney general announced Friday.
Nevada posted one of the highest foreclosure rates in the nation in January even as default activity declined across the state, according to a Wednesday report from California research firm RealtyTrac.
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