Category: Nevada

Laura Goldstein Updated July 14, 2016 at 9:12 PM las vegas real estate If you’re laying odds on when the Las Vegas real estate market will recover, prepare to wait a long time to collect. According to a recent report, it will be decades before Las Vegas home prices rebound — the year 2032 to be exact, says Celia Chen, housing market analyst for Moody’s Analytics. And Las Vegas isn’t even in the worst shape when it comes to depressed housing prices. Foreclosure-plagued cities like Phoenix and Naples, Fla., will…

Read More

The Cello Tower high-rise condominium project announced it has sold 39 of its 240 units valued at $67 million as it prepares to start construction this fall ahead of a late 2026 opening. There are reservations for another 90 residences. The 240 units in the 32-story tower are part of a larger mixed-use development in Symphony Park in downtown Las Vegas — a project coming at a time when demand for luxury condos is strong. Applied Analysis reported Las Vegas set an all-time record for the average sales price of…

Read More

Las Vegas new homebuilders are optimistic about the market after recording their best three-month stretch since interest rates started rising in 2022. The 3,422 net sales in the first quarter — sales minus cancellations — surpassed the 2,659 in the first quarter of 2023 and fell just below the 3,478 in the first quarter of 2022. Thirty-year fixed interest rates started 2022 at 3 percent and surpassed 4 percent in March before reaching 7 percent in November 2022. After dipping at the end of 2023, rates are back over 7…

Read More

Gen Z and younger millennials took out 40 percent of the mortgages in the U.S. last year, according to a new report from Redfin. But Las Vegas is bucking the national trend with one of the lowest mortgage buy rates for people under 35. Buyers under 35 in the Las Vegas Valley only accounted for 32.9 percent of the mortgages taken out in 2023, the fifth lowest rate among U.S. cities behind West Palm Beach, Florida (27.8 percent), which lead the country. Bryan Cornejo, a Las Vegas real estate agent…

Read More

Gen Z and younger millennials took out 40 percent of the mortgages in the U.S. last year, according to a new report from Redfin. But Las Vegas is bucking the national trend with one of the lowest mortgage buy rates for people under 35. Buyers under 35 in the Las Vegas Valley only accounted for 32.9 percent of the mortgages taken out in 2023, the fifth lowest rate among U.S. cities behind West Palm Beach, Florida (27.8 percent), which lead the country. Bryan Cornejo, a Las Vegas real estate agent…

Read More

Read More

Read More

Leslie Carver remembers the exact moment she knew something was wrong with America’s housing market. It was June 2006 and Carver, who has worked as a real estate agent in the Las Vegas Valley for nearly 30 years, said the real estate market in Vegas suddenly went from people camping out days before housing projects went up for sale with multiple offers on every property, to a complete standstill. “Suddenly, we weren’t getting multiple offers, and suddenly, we weren’t even showing, so I was like, ‘What happened?’” she said. Carver…

Read More

Investor purchases are on the rise again, and the Las Vegas Valley has seen one of the biggest upticks in the country, according to Redfin. The share of homes bought by investors — which Redfin defines as a company — in the valley increased 2.7 percent in the first quarter of 2024 from the previous quarter. Only Oakland, California, (2.9 percent) saw a bigger increase out of all the major cities in the U.S. Francesca Gilbert, a real estate agent with Berkshire Hathaway HomeServices, said she is seeing this uptick…

Read More

Investor purchases are on the rise again, and the Las Vegas Valley has seen one of the biggest upticks in the country, according to Redfin. The share of homes bought by investors — which Redfin defines as a company — in the valley increased 2.7 percent in the first quarter of 2024 from the previous quarter. Only Oakland, California, (2.9 percent) saw a bigger increase out of all the major cities in the U.S. Francesca Gilbert, a real estate agent with Berkshire Hathaway HomeServices, said she is seeing this uptick…

Read More

Investor purchases are on the rise again, and the Las Vegas Valley has seen one of the biggest upticks in the country, according to Redfin. The share of homes bought by investors — which Redfin defines as a company — in the valley increased 2.7 percent in the first quarter of 2024 from the previous quarter. Only Oakland, California, (2.9 percent) saw a bigger increase out of all the major cities in the U.S. Francesca Gilbert, a real estate agent with Berkshire Hathaway HomeServices, said she is seeing this uptick…

Read More

Read More

Investor purchases are on the rise again, and the Las Vegas Valley has seen one of the biggest upticks in the country, according to Redfin. The share of homes bought by investors — which Redfin defines as a company — in the valley increased 2.7 percent in the first quarter of 2024 from the previous quarter. Only Oakland, California, (2.9 percent) saw a bigger increase out of all the major cities in the U.S. Francesca Gilbert, a real estate agent with Berkshire Hathaway HomeServices, said she is seeing this uptick…

Read More

Read More

Read More