Frank Nothaft, chief economist with housing tracker CoreLogic, spoke with the Review-Journal about the U.S. market’s trajectory during the pandemic and what might happen next.
Eli Segall
Reporter: Real estate
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
X: @eli_segall
Eli Segall joined the Review-Journal in August 2016 after covering real estate and other business topics for four years at the Las Vegas Sun. He also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. Segall has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. His awards include 2017 Story of the Year from the Nevada Press Association.
The deal’s acreage and dollar amount were on par with, if not higher than, recent full-year land sales totals in the community.
Summerlin and three other Southern Nevada master-planned communities ranked among the 25 top-selling areas in the nation for homebuilders.
Last year’s sales tally topped the previous all-time high by nearly 2,000 transactions, and the median price hit $425,000 in December, also setting a record.
The Las Vegas-based airline said it would start taking delivery of the jets next year.
The famed television personality and cookbook author plans to open The Bedford by Martha Stewart in Paris Las Vegas this spring.
Harsch Investment Properties announced Monday that it is now Schnitzer Properties.
The facility will feature an arcade, a sports bar and dining areas. Its first location in Nevada debuted in 2016 in Downtown Summerlin.
The 528-unit property is 95 percent occupied, the new landlord said.
Fontainebleau hotel-casino developer Jeffrey Soffer is back at the helm, moving forward on the journey to complete the north Strip skyscraper.
Southern Nevada spent the past year grappling with the pandemic but also saw a burst of lucrative casino deals.
The late former U.S. Sen. Harry Reid called banks and is credited with keeping MGM’s massive project on the Strip afloat during the Great Recession.
Southern Nevada house prices were up 25.5 percent year over year in October, compared with the U.S. rate of 19.1 percent, according to a new report.
Luxury-gym operator Life Time is scheduled to be under construction on a new facility this summer at the southwest valley site.
Buyers paid a median price of $444,677 for newly built homes in Southern Nevada in November, up 11.5 percent from a year earlier.