After a prolonged hot streak in the housing market, at least one flipper is maxed out. Zillow Group announced this week that because of a “backlog in renovations and operational capacity constraints,” it will not sign any new contracts to buy homes “through the end of the year.” The pause will enable the company — […]
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A bright spot emerges from the vibrant real estate market in Las Vegas
If there’s one thing more exciting than the local housing market, it’s the constant conversation about what it’s doing and where it’s headed. No wonder housing has become a hot topic in southern Nevada. Over the past two decades, we’ve been on a real estate roller coaster. Local home prices exploded at a record rate […]
Billionaire casino mogul Steve Wynn Las Vegas real estate hits the market for $24.5 million
Steve Wynn, the billionaire co-founder and former CEO of Wynn Resorts, has officially listed his Las Vegas home in Country Club Hills for $24.5 million. The Wynn Estate is located in Country Club Hills, a prestigious, guard-gated community, just 20 minutes from the Las Vegas Strip, which Wynn himself played a pivotal role in expanding […]
Elderly people: Buying a house is the smartest financial decision
In addition to the emotional ties seniors have built for their homes, they also believe homeownership is the smartest financial decision they’ve ever made, according to a new survey. Nearly three in four seniors—74%—say that purchasing their home was their best financial decision, according to a new survey of more than 1,500 respondents ages 60 […]
Demand for properties in the Las Vegas area leads to bidding wars, lotteries and waiting lists
There is a relentless demand for extremely low inventory homes in the Las Vegas Valley. Historically low-interest rates have more buyers in the market. According to the online real estate company Zillow, in 2020, Las Vegas got the highest amount of online page views out of several other major cities in the country. […]
Looking To Move? It Could Be Time To Build Your Dream Home.
While the supply of apartments for sale is still low today, the number of newly built apartments is increasing. If you’re ready to sell but held back because you weren’t sure about finding a house to move into, newly built houses and houses under construction may be the options you’ve been waiting for. With more […]
Clark County, developer planning the sale of affordable housing
Increasing the affordable housing stock has generally been a reserved effort to help renters, but Clark County officials plan to target a new market: home buyers. In the near future, officials say they envision low-income families having an opportunity to purchase homes under an affordable housing model that will make use of federal land. County […]
Zillow Offers Halts iBuying
With labor and material shortages pushing deadlines to renovate and resell homes, Zillow has announced it will not sign new contracts with its iBuying Zillow Offers program for the remainder of 2021. the space – are other companies still offering offers or are they also getting overloaded? iBuyers purchase homes directly from sellers with instant […]
Rents Post Biggest Increase Since 2006
Demand is surging for rental units and that is pushing up prices. The amount homeowners could receive from renting their home increased by 0.4%, which may seem small but is the largest one-month increase since 2006, according to the latest Consumer Price Index. Rents of primary residences jumped by 0.5%, the largest one-month increase since […]
Multi-family commercial real estate market
As the pandemic quarantined Nevada in 2020, professionals in the multi-family commercial real estate market braced themselves for some bad news. With the state essentially at a standstill, the most likely scenario was that the multi-family commercial real estate market would take an immediate economic hit. Instead, the opposite has happened. The pandemic has accelerated […]
