Category: Nevada

Land is more expensive. Mortgage rates remain higher than people are used to. Rent is high. And the affordable housing situation is worse. Those are just some of the stories we’ve all been hearing for months and, in some cases, years. So, is owning a home, a facet of what some see as the American Dream, now just a fairy tale? What’s the Nevada real estate market look like, as droves of people keep moving here? Guests: Jonathan Gedde, founder and CEO, SimpliFi Mortgage; Lorri Murphy, board chair, Nevada Housing…

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After the real estate industry was turned upside down during the recession in 2008, Jeff Pori reevaluated his position in the real estate, development and investment world and took a step back. When the timing was right, he re-engaged in the industry with the formation of Kingsbarn Realty Capital, an investment house that provides institutional and accredited investors access to an array of alternative investments. He answered questions from Vegas Inc about Delaware Statutory Trusts (DSTs) and the importance of a diversified portfolio. Kingsbarn has over $2 billion of assets under…

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CLEARWATER, Fla., May 15, 2024 /PRNewswire/ — From rural Illinois to North Las Vegas, a trend has emerged among savvy real estate developers who are partnering with municipal leaders to capitalize on the continued ‘boom’ of the youth travel sports marketplace. The trend? Look beyond the walls or fields of a youth sports mega-plex to the surrounding real estate and create a genuine travel destination complete with new restaurants, retail shopping experiences, and on-site hotels. The Sports Facilities Companies (SFC), an industry-leading firm that plans and operates sports mega-plexes, community recreation centers, and live entertainment…

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The Las Vegas housing market appears to be rebounding from last year’s numbers, but home prices remain high, a new report from the Las Vegas Realtors (LVR) association revealed. The report, released Tuesday, showed home prices remain high and the market is beginning to slow down, with lowering prices and more homes available on the market. LVR President Merri Perry said that unlike the rest of the nation, homes in Las Vegas have been “selling faster than they were at the same time last year,” but they’re also “seeing more…

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Stay ahead of the market with Chris Pollinger’s top six luxury real estate trends of 2024. Learn what luxury clients are seeking and how to cater to their discerning taste. July is Luxury Month at Inman. Tune in as we survey the evolving luxury market, explore emerging trends, and talk to top producers and influencers in the ultra-luxury space about how they got where they are today and the insights they’ve gained along the way. The month culminates with the announcement of the expanded Golden I Awards live onstage at…

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Email Sign Up For Our Free Weekly Newsletter Single-family home prices also rise 7.7 percent annually in June Based on a new report by Las Vegas Realtors, greater Las Vegas area home prices warmed up again in June 2024 with more homes available for sale. LVR reported that the median price of existing single-family homes sold in Southern Nevada was $475,000. That’s up 7.7% from $440,990 in June of 2023. Local home prices are approaching the all-time record of $482,000 set in May of 2022. The median price of local…

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Las Vegas’ home market has joined its sizzling sands and smoking casinos, with near record highs, but slowing sales. The price of a typical single-family home in greater Sin City rose 7.7 percent year-over-year in June to $475,000 — $7,000 off the all-time high set in May 2022, the Las Vegas Review-Journal reported, citing figures from the Las Vegas Realtors. But since May, home sales have fallen 12.8 percent. Houses sit on the market longer, with 4,114 homes listed without any offer at the end of June, an 11.8 percent…

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