Homebuyers are pulling back in Southern Nevada and throughout the U.S. following a year of huge price gains and as higher mortgage rates boost buying costs.
Housing
The Howard Hughes Corp. announced that it reached an agreement to expand The Summit Club.
Following a swirl of chatter about the increases, Clark County Assessor Briana Johnson tried to clear up “misinformation.” But confusion and frustration still have not dissipated.
Raiders coach Josh McDaniels recently purchased a $4.95 million home in Anthem Country Club in Henderson that includes four bedrooms and four bathrooms.
Residents are facing a move in a tight rental market as Las Vegas ends the Neighborhood Stabilization Program. As the final 61 homes are sold, the city said no one will be evicted and assistance is offered.
The 206-unit complex in the southwest valley is not finished yet but is expected to be move-in ready in late August.
The median sales price of previously owned single-family homes fell in July, as Southern Nevada sees fewer sales, growing inventory and more price cuts.
Sales have been tumbling in Las Vegas and around the U.S., and if borrowing costs keep falling, it could spark more buying activity.
Ely at Fort Apache in the southwest valley is scheduled to hold a ribbon-cutting ceremony Tuesday.
REAL Messenger app cofounder Fredrik Eklund, former star of Bravo TV’s reality show “Million Dollar Listing,” launched REAL Messenger real estate app in Las Vegas this week.
A lawsuit alleges short-term rental regulations in Clark County “exceeds the boundaries” of what’s allowed under Nevada and U.S. Constitutions.
The seven-story, 184-unit project behind The Martin condo tower is set to finish in 2024.
The would-be developer of housing planned for the defunct Badlands golf course is ready to settle its longstanding legal dispute with the city of Las Vegas for $64 million, according to documents prepared for Wednesday’s City Council meeting.
In Southern Nevada, builders’ sales tally last month was the lowest of the year and marked the third consecutive month of sliding sales.
Mark Wahlberg has paid a fortune for a plot of land in a wealthy Las Vegas enclave, records indicate, raising the prospects that the movie star will build a house in America’s casino capital.