Las Vegas house prices hit a record high again last month, but the pipeline of sales shrank as the coronavirus pandemic wreaked havoc on the economy.
Housing
Legal advocates say landlords are still harassing tenants at a “record pace” despite Gov. Sisolak’s statewide eviction moratorium issued this week.
An emergency order by Gov. Steve Sisolak does not give tenants and homeowners a green light to live for free.
Sisolak said his order applies to evictions that were already filed before the declaration, and prohibits new lockouts, evictions filings and notices to pay. It also applies to commercial buildings, to protect small businesses closed by Sisolak’s previous order.
Evictions are not supposed to be happening right now. But weekly renters are still being served eviction notices, or kicked out, amid the coronavirus pandemic.
Nevada is one of several states that have allowed construction to continue during the coronavirus pandemic.
House-flipping companies that ventured to Las Vegas and other cities the past few years have shelved buying homes because of the new coronavirus.
With fears of the coronavirus upending daily life in Las Vegas and across the U.S., the homebuilding market, like other industries, faces a scary stretch ahead.
Las Vegas’ housing market faces risky terrain and sales could tumble as Southern Nevada shuts down to contain the new coronavirus, real estate pros say.
U.S. homebuyer interest has dropped sharply in the past week as the new coronavirus upends daily life with sweeping business closures and other shutdowns.
Investors plan to build at least four higher-end projects totaling around 900,000 square feet of office space along the 215 Beltway in the fast-growing southwest valley.
It was the highest number of January closings since 2008, when it was 881.
The median sales price of previously owned single-family homes — the bulk of the market — reached an all-time-high of $316,000 last month, according to a new report.
One of the Valley’s biggest apartment developers has opened the antique airplane-inspired apartment community, The Aviator in West Henderson.
The home boasts a 5,100-square-foot custom-built basement with 3,000 square feet designated to display as many as 10 cars.
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