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]
Southern Nevada is home to some of the most spectacular views in the state. From the famed Las Vegas Strip to the stunning mountain ranges, Pacific Southwest Development has developed a new home collection that allows residents to enjoy the lights of Las Vegas all the time. “The Bluffs is a semi-custom luxury home collection that [...] [...more]
As the dismal U.S. housing market slides further downhill–home prices in July posted a 16.3% annual drop–some sellers are unloading their homes to bargain-hunters. But in cities like Seattle, Jacksonville, Fla., and St. Louis–the hardest major cities in which to sell a home–even sellers who have substantially lowered their prices aren’t finding it easy to move [...] [...more]
Home prices in 20 major U.S. cities fell 0.9% in July and were down 16.3% in the past year, according to the Case-Shiller home price index released Tuesday by Standard & Poor’s. In the smaller sample of 10 cities, prices fell 1.1% in July and 17.5% in the past year. Prices fell in 13 cities [...] [...more]
As a poker dealer at The Orleans, John Hill talks to players almost every day who have come to Las Vegas from faraway states and foreign countries. They’re not all here for the card game. That’s just something to pass time when they’re not out scouring Las Vegas for a good investment home. Median home prices have [...] [...more]
Home sales in the valley took their first downturn in 2008 in August but remained relatively strong as the price of existing homes continued downward, the Greater Las Vegas Association of Realtors reported. New and existing home sales in the Silverado area increased last month from July as did the median price, according to statistics from [...] [...more]
After 30 years of broken promises and neglect, the city of North Las Vegas is finally moving forward with plans to save the historic Kiel ranch, which is home to perhaps the oldest building in Nevada and is regarded as the birthplace of modern civilization in the valley. “Every time we come out here and walk [...] [...more]
Las Vegas is growing once again with a number of new real estate projects under way in the area. These condominiums, hotels and mixed use projects are transforming the gambling capital of the world into a more livable and, in many cases, sustainable city. The downtown area is in the midst of an unprecedented shift [...] [...more]
