Through housing booms, Bustos, and Breakneck Development, Landlord Tom Trout has made the company the only way to know-how. “I will do myself, as Frank Sinatra said,” said the trout, 71 years, referring to the finale of the singer of the Las Vegas rats pack. For Bill Bill Donnelly, a veteran of the disabled Vietnam […]
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Home Equity Hits Record High
Housing equity surged nearly 40% compared to a year ago and is at a record high, according to a new report from Black Knight, Inc. The average mortgage holder now has $173,000 in equity. That marks an increase of $20,000 just from the end of the first quarter, the report notes. The increase in equity […]
Las Vegas home prices take rare pause in red-hot market
Halting a recent trend, the price of an existing home in Southern Nevada held steady in August, according to the Las Vegas Realtors trade organization. The median price for a home came in at $405,000 in August, according to the group, the same figure as July. The figure remains an all-time high for Southern Nevada, […]
A Growing Option for Home Buyers
Small inns and bed and breakfasts saw business rapidly decline during the pandemic. But operators are recasting their inns and offering them to home buyers in a new light—as a new home. The Wall Street Journal reports that home buyers are purchasing spacious B&Bs and renovating them into single-family homes. A shortage of homes for […]
House flippers buy more houses in Las Vegas, USA
Southern Nevada has seen “iBuyers” grab a bigger chunk of the market in recent months amid a broader surge of investors snapping up homes, a new report shows. U.S. real estate firms that ventured here and elsewhere in recent years to flip houses purchased 532 homes in the Las Vegas area in the second quarter, […]
Affordable Housing Development in East Las Vegas
An affordable housing community will expand east of Las Vegas to help deal with rising housing costs for seniors. 4,444 developers broke new ground on Desert Oasis II, a 43-unit apartment complex that was to be built and operated by nonprofit U.S. National Service volunteers. It will be in addition to the 75 existing luxury […]
Know your options to avoid foreclosure
Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time If you haven’t taken advantage of the forbearance period, it may be time to […]
Reasons You Should Consider Selling This Fall
If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. […]
$200M apartment project slated for site in southwest Las Vegas
The plans were all too familiar: Build condo towers in Las Vegas. The end result was all too common as well: The project went nowhere. Now, more than 15 years after a developer set out to build a cluster of high-rises in the southwest valley, only to leave a giant hole in the ground, another […]
5 Reasons Today’s Housing Market Is Anything but Normal
There are many headlines claiming that we are returning to a more normal real estate market. This shows that the real estate market is returning to the pre-pandemic numbers we saw from 2015 to 2019. But this did not happen. Although housing supply is slowly recovering, the market is still very active because demand is […]
