While Las Vegas is running ahead of 2015 in terms of home and condo sales, the limited supply has finally caught up with the market.
Housing
Neighbors in an unincorporated area of Clark County worry a proposed zoning change to a parcel across the street in the city of Las Vegas that would allow higher-density development will encroach on their rural lifestyle, and set a precedent for the area.
The Villages at Tule Springs — the largest housing development in North Las Vegas since the start of the recession — has its first three builders lined up.
Julie Davies hoped that by now the downtown Las Vegas condo she owns would be drawing in regular visitors and revenue, but it sits unoccupied while she pays for a storage unit for its furnishings.
Summerlin is re-establishing itself as king of the mountain in Las Vegas, and the developer credits the opening of its downtown nearly two years ago for making that possible.
U.S. homebuilders are feeling slightly less optimistic about their sales prospects this month, though their outlook for the new-home market remains positive overall.
The vote on June 23 by Great Britain to exit the European Union has sent bond prices soaring and mortgage rates lower.
The median price of homes sold in Southern Nevada has nearly doubled since the market hit its low in 2012, new data show.
U.S. home prices scaled new heights in April, with seven cities — including Boston, Charlotte, Portland, Oregon, San Francisco and Seattle — setting record highs.
Americans still want to own homes — if they can afford to. That’s the finding of a report being released Wednesday by the Harvard University Joint Center for Housing Studies.
Southern Nevada price appreciation is reducing negative equity in the Las Vegas home market and the latest report from CoreLogic, a property analytics firm, showed that the percentage of homes in Las Vegas with negative equity fell under 20 percent for the first time since housing crisis.
Ten years old. Two foreclosures. Vacant. The two-story home at 5450 Nickel Creek Trail near Sam Boyd stadium is in many ways reflective of Las Vegas’ housing boom and bust.
It’s a troublesome story playing out across America in the 10 years since the housing bubble burst: Homeowners are thriving while renters are struggling.
Rocio Rubio fought through the tears Friday, but that wouldn’t stop her from telling her story to Southern Nevada Realtors of how a home assistance program saved her life and how she wanted to spread the word about the program.
The Greater Las Vegas Association of Realtors reported that the median price of existing single-family homes sold in Southern Nevada in May hit $229,250. That’s 8.5 percent higher than the $211,250 price a year ago.
