More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to […]
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Horseplayers Outnumber Sports Bettors as Las Vegas Books Reopen
The South Point sportsbook was quiet Thursday afternoon when a high-pitched scream shattered the silence. But the celebratory shriek didn’t come from a sports bettor. It came from a woman at the bar next to the book who hit a six-spot jackpot on a video Keno machine for $912 before exchanging elbow bumps and fist […]
May 2020 Monthly Housing Market Trends Report: Key Housing Indicators Begin to Turn Around in May
National inventory declined by 19.9 percent year-over-year, and inventory in large markets decreased by 21.9 percent. The inventory of newly listed properties declined by 29.4 percent over the past year, and 28.6 percent in large markets The May national median listing price was $330,000, up 1.6 percent year-over-year. Nationally, homes sold in 71 days in May, […]
Economists Forecast Recovery to Begin in the Second Half of 2020
With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned […]
Commercial Real Estate Won’t be a Distressed Asset
The novel coronavirus pandemic forced offices and retailers to shift operations online over the past three months — leading some to speculate that demand for commercial real estate will drop, sending prices plummeting. But most commercial properties will not be selling for massive discounts, according to Hessam Nadji, CEO of Marcus & Millichap, a California-based national commercial […]
What’s Reopening in Las Vegas? Updated for Outdoors, Libraries, Entertainment
We’re gathering essential information to help you as Las Vegas starts reopening after weeks of coranavirus shutdown. Nevada has entered Phase Two to reopen the state economy with new guidelines for gatherings at church services and the reopening of more businesses, such as bars and health facilities. Casinos are scheduled to open June 4. What you need […]
Real Estate Developer Defaults On Loan For Newest Las Vegas Strip Casino
The tallest building on the Las Vegas Strip will likely stay empty and abandoned instead of becoming the area’s newest casino after the developer defaulted on loan payments. According to Business Korea, The Drew Las Vegas resort development project has “suspended principal and interest payments” on the property since May 8. The default likely came as the […]
Las Vegas Commercial Real Estate
In May, Las Vegas’ commercial real estate took some steps forward. Although the city’s casinos are slated to open June 4, the metro’s hospitality industry will likely face challenges for quite some time. Despite myriad challenges, the city continued to grow in importance as a regional distribution hub, breathing life into its industrial sector, both in […]
Home Price Growth Continues to Accelerate Amidst Pandemic
Home price growth accelerated in April, powered by a rebound in home sales and a low housing inventory. The CoreLogic Home Price Index (HPI) showed a 5.4% year-over-year and a 1.4% month-over-month increases in national home prices. However, CoreLogic expects a slowdown in May, with a month-over-month gain of 0.3% and an annual decline of 1.3% from […]
Subaru Share the Love Event Supports Local Charities
Subaru of America Inc. (SOA) and Findlay’s Subaru of Las Vegas presented a check for $24,697 to Discovery Children’s Museum and $31,802 to Red Rock Search & Rescue. Discovery Children’s Museum and Red Rock Search & Rescue were local beneficiaries in the 2019 Subaru Share the Love Event. From Nov. 14, 2019 to Jan. 2, […]
