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]
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]
Buying and selling real estate in today’s tumultuous, highly demanding marketplace is not for the faint of heart. “While tricks of the trade abound to give buyers and sellers a leg up on the competition, there are also a number of basic pitfalls buyers and sellers should be aware of lest they commence their real estate [...] [...more]
The financial markets are shrouded in gloom, but R. Donohue Peebles is still bullish about real estate. Head of the Peebles Corporation, a Coral Gables, Fla.-based real estate investment and development firm with a $4 billion portfolio, he focuses on properties in Nevada, California, Florida and the Washington, D.C. metro area. His latest book is [...] [...more]
Southern Nevada’s industrial market was resilient during the second quarter with a low 5.87 percent vacancy rate, CB Richard Ellis reports. It marks the first time in 18 months that the Las Vegas valley’s industrial market vacancies decreased, it adds. Industrial space is a consistent commercial real estate market, say industry pundits. It doesn’t experience the [...] [...more]
Southern Nevada’s self-storage market stayed robust during the first half of 2008, reports Marcus & Millichap, thanks partly to a softened residential market creating more transitional housing needs. Financing woes, increased foreclosures and a steady influx of new residents all translate into more self-storage activity, the Encino, Calif.-based real estate investment services company said. “People moving [...] [...more]
For many Americans, good credit isn’t here to stay - rising costs are putting many formerly well-to-do homeowners behind on their mortgage payments. In April 2008, delinquencies on prime loans, a $12 million dollar market, doubled. And the economy doesn’t look to have an upswing anytime soon. Home prices continue to drop. In July, the unemployment [...] [...more]
