Contracts to buy previously owned U.S. homes fell to their lowest level in a year in January amid a persistent shortage of properties for sale, which could slow the housing market ahead of the spring selling season. Contracts fell 4.5 percent in the West, which has seen a rapid increase in home prices amid tight inventories.
Nearly two years after developer Rich MacDonald sold DragonRidge Country Club in Henderson at his MacDonald Highlands development, he’s buying it back.
Las Vegas real estate is in about the best shape it’s been in for a decade.
The roughly 2,000-acre Villages at Tule Springs housing development is expected to break ground later this month and pour $3.3 billion into the local economy over the next 15 to 20 years.
Las Vegans’ window to break even financially on a home purchase lengthened slightly in the fourth quarter of 2015 compared with a year earlier, Zillow reported.
The Las Vegas Valley’s housing market started 2016 on strong footing. The median local price of an existing single-family home rose to $219,000 in January, up 9.5 percent from $200,000 a year earlier, the Greater Las Vegas Association of Realtors reported Monday.
A key housing indicator showed little improvement at the end of 2015, heralding the potential for a slower local real estate recovery.
Annualized U.S. single-family home prices rose more than expected in November and at the fastest pace in 16 months, a closely watched survey showed on Tuesday.
New homes are getting more energy efficient, remotely wired and trendy and there will be more of them built than in recent years, according to the new president of the Southern Nevada Home Builders Association.
The Wolff Co., a Scottsdale, Arizona, real estate acquisition and development company, said it will partner with 901 Fremont LLC, a Downtown Project affiliate, to develop a mixed-use multifamily housing project on 1.3 acres at the intersection of Ninth and Fremont streets in downtown Las Vegas.
WASHINGTON — U.S. housing starts and permits fell in December after hefty gains the prior month, adding to a raft of weak data that have raised concerns over the health of the economy.
What’s your home worth on the market? A Quicken Loans index suggests valley homeowners and appraisers are close to agreeing.
Nevada’s foreclosure markets refused to go along in 2015.
Pardee Homes’ two newest home models are specifically designed for millennial homebuyers and will kick off the 2016 International Builders’ Show next week.
All the economic stars are aligned to create a robust new-home market but millennial culture, difficult financing and a shortage of affordable land has held it back.
