Democratic legislators and candidates for office bemoaned the lack of funding for public education Thursday but stopped short of pledging to create new sources of tax revenue. At the Southern Nevada Diversity Roundtable at Desert Pines High School in eastern Las Vegas, Senate Minority Leader Steven Horsford, D-Las Vegas, said that politicians should concentrate on making [...] [...more]
According to the Altos Research Real National Estate Report released yesterday, in September Altos saw home prices drop in 21 out of the 26 markets they study. Additionally, the report showed that in a 10-city composite comparing price, they saw a 1.4 percent decline in asking prices in September, and a drop of 2.9 percent [...] [...more]
Although the existing home market has been rebounding in recent months with sales running ahead of last year’s pace, the new-home market remains in the doldrums. One national builder has called the third quarter “one of the most difficult in homebuilding history.” When Congress and the Bush administration enacted a housing stimulus bill in July, many expected [...] [...more]
The trend of more sales and lower prices in the Las Vegas housing market showed no signs of change last month. The Greater Las Vegas Association of Realtors said 2,783 single-family homes were sold by a Realtor in September. That’s an increase of more than 9 percent from a month earlier and up 181 percent from [...] [...more]
New numbers released show a huge jump in the number of homes sold in Las Vegas. The Greater Las Vegas Association of Realtors says the number of homes sold jumped 181-percent in September, compared to the same time last year. The association indicates that home sales were high due to lower selling prices. The median price of [...] [...more]
Glen, Smith & Glen Development is seeking entitlements for a planned $1 billion, 40-acre mixed-use project in Henderson. The property is near Stephanie Street and Wigwam Parkway, adjacent to a city-owned 100-acre former gravel pit that will soon become a park. GSG acquired the land in spring 2007 for $51 million from KB Homes, which [...] [...more]
Wall Street’s financial woes have played havoc with all sectors of the Las Vegas development community, from housing to office and retail. Even with the congressional bailout, the future remains dicey for some projects. Not only have there been delays in Strip projects, but development across the valley could be pushed back because of limited access to [...] [...more]
With the city’s housing market stumbling in 2008, you might expect local home builders to back off on extras such as ecofriendly construction methods and materials. Annette Bubak certainly expected a little less interest in a green-building program she oversees. Bubak is president of Nevada Energy Star Partners, a coalition of home builders, mortgage companies, utilities and [...] [...more]
Sue Garrett, in Las Vegas for a birthday party earlier this month, went to what she considers extraordinary lengths to hold down the cost of her trip. “We decided to sit through one of those blasted time-share presentations to get a free hotel room,” said Garrett, who lives in Los Angeles. She turned down the time-share [...] [...more]
Home prices dropped in 24 of 25 U.S. metropolitan areas in July, led by declines in Las Vegas and the coastal cities of California, as foreclosures depressed prices and accounted for a fifth of all sales. Las Vegas had the biggest drop on a per-square foot basis, falling 33 percent in July from a year earlier, [...] [...more]
