KB Home developing subdivision in once-blighted North Las Vegas area

The once-abandoned Desert Mesa project in North Las Vegas was, by all accounts, a scary place. Workers boarded up the homes, vandals sprayed graffiti and kicked through walls, and squatters moved in. Mayor John Lee said that Desert Mesa was a “scary place to see in the middle of a neighborhood.” “It was an open …

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Las Vegas home sales third-highest on record in 2017

Last year was among the best ever for Las Vegas home sales despite plunging inventory, according to a new report. A total of 46,598 homes sold in 2017, up 11.7 percent from 2016, making last year’s tally the third-highest on record, according to the Greater Las Vegas Association of Realtors. Prices ended 2017 with a …

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5 Las Vegas communities among top 50 in US for new-home sales

Five Las Vegas Valley communities cracked the top 50 nationally for new-home sales last year, new reports show. Leading the pack locally was Summerlin, where builders sold 1,052 homes, up 37 percent from 2016, according to separate reports this week from two firms, RCLCO and John Burns Real Estate Consulting. Summerlin’s sales tally was fourth-highest …

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IS LAS VEGAS EXPERIENCING ANOTHER HOUSING BUBBLE?

According to a recent report by KNPR, we are not. Even though Nevada has experienced the largest annual gains for the past three years, below are reasons why the current housing market is on solid ground.   STRONG JOB AND POPULATION GROWTH According to Ralph McLaughlin, the chief economist for Trulia, housing bubbles are caused by …

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Home price gains in Seattle, Las Vegas lead US increases

WASHINGTON — Double-digit annualized home prices gains in Seattle and Las Vegas led broad gains in U.S. home prices in a widely watched report released early Tuesday. Strong demand from would-be buyers and a shrinking supply of properties for sale helped fuel the increase. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national …

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