Las Vegas Real Estate News

Housing woes push into 2020 debate from Nevada and beyond

Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., speaks at a campaign event Tuesday, July 2, 2019, in Las Vegas.

Like many, Mario Wolthers was lured to Las Vegas a decade ago from California by cheaper housing costs. But when his apartment managers tried to raise his rent last spring, he moved in with a roommate. "I'm a responsible taxpaying citizen," said Wolthers, a 38-year-old elementary school teacher and Democrat. "I help a lot of ...

30 September 2019
By Michelle L. Price and Nicholas Riccardi, Associated Press

Caesars announces sale of Rio for $516 million

An exterior view of the Rio Hotel and Casino, June 6, 2013.

Caesars Entertainment has completed a deal to sell the Rio but will continue to operate the Las Vegas property for at least two years, the company announced today ...

23 September 2019
By Bryan Horwath

Mayor defends Reno's effort to combat housing crisis

In this Oct. 12, 2018, photo, homes fill a small valley in Reno. A population inrush to Nevada has been driven by people seeking more affordable housing and a growing tech industry around Reno.

Reno Mayor Hillary Schieve said criticism surrounding fast-rising eviction rates and a spiraling affordability crisis in the city has overshadowed many of its wins on the housing front ...

15 September 2019
By Associated Press

Southern Nevada home prices 'coasting along right now'

This February 2016 photo shows a house for sale in the Las Vegas Valley.

The Las Vegas-area housing market continued to show signs of stability in August, according to a report from the Greater Las Vegas Association of Realtors. The median price of an existing single-family house in Southern Nevada, according to figures from the association’s Multiple Listing Service, was $305,000. That’s up just slightly from ...

6 September 2019
By Bryan Horwath

US new home sales slid 12.8% in July

FILE - In this June 13, 2019, file photo stacks of building materials are stacked up near new home under construction in Mechanicsville, Va. On Friday, Aug. 23, the Commerce Department reports on sales of new homes in July.

Sales of new U.S. homes fell a steep 12.8% in July, but the drop came after revisions to June sales showed the sales highest growth in 12 years ...

23 August 2019
By Associated Press

Housing prices steady as Realtors group touts market stability

A house is shown for sale in Henderson.

Las Vegas-area home prices continue to hover around a familiar price point. July numbers showed the the median price for an existing single-family house at $303,000, a slight dip from ...

7 August 2019
By Bryan Horwath

Despite largest rent increase in country, Las Vegas market still seen as affordable

The nearly completed Tanager apartment complex is shown near the Las Vegas Ballpark in Downtown Summerlin Wednesday, May 15, 2019.

The median monthly rent for an apartment in Las Vegas has jumped more in the past year than any other major U.S. metro area, according to a new report. However, Suzy Vasquez, executive director for ...

23 July 2019
By Bryan Horwath

Las Vegas home resale prices stagnant; rental rates up

A house is shown for sale Tuesday, Feb. 9, 2016, in Las Vegas.

Las Vegas home values aren’t appreciating like they have been in recent years, and a reversal doesn’t seem to be on the horizon. Southern Nevada ranks ...

4 July 2019
By Bryan Horwath

Why North Las Vegas is so excited about new master-planned community

Valley Vista, a new master-planned community in North Las Vegas, will include an elementary school and commercial plots across 600 acres of planned development ...

18 June 2019
By Bryan Horwath

Las Vegas luxury homebuilder undeterred by horrific wreck

Ranny McKee, owner of Elegant Homes, poses for a photo Thursday, June 13, 2019, in front of a home he built in Seven Hills.

While walking through perhaps his most exquisite masterpiece, homebuilder Ranny McKee couldn’t help but take a moment to admire his work. “Even for the homes I build, this one was over the top,” McKee said of the house he built in Seven Hills for Las Vegas businessman Mark Lindsey. A stunner even by ...

17 June 2019
By Bryan Horwath

Report: Southern Nevada home appreciation continues to lag

A view of homes from a Vegas Balloon Rides craft floating over the western edge of Las Vegas, Oct. 18, 2013.

Las Vegas-area homes are appreciating at their lowest rate in the past seven years. That’s according to numbers released this week from the Greater Las Vegas Association of Realtors. For May, and for the third consecutive month, median existing home prices in Southern Nevada continued to hover around the $300,000 mark. The year-over-year increase of just under ...

7 June 2019
By Bryan Horwath

Static home prices signal a stabilizing Las Vegas market

A residential neighborhood is shown in the northwest Las Vegas Valley Thursday, Feb. 7, 2018.

The calendar has turned, but the Southern Nevada housing market hasn’t. According to a report released Wednesday by the Greater Las Vegas Association of Realtors, the median price for an existing single-family home sold through its Multiple Listing Service was $300,000 during April. The number represents no change from ...

8 May 2019
By Bryan Horwath

Florida woman gets prison in Nevada property investment scam

A 31-year-old Florida woman has been sentenced in Nevada to six-to-15 years in prison for her role in a real estate investment scheme that prosecutors say ...

24 April 2019
Associated Press

Las Vegas median home price hits $300,000, a slight uptick

A for-sale sign is seen for a home near South Buffalo Drive, Thursday, Dec. 21, 2017.

Reversing a recent trend, the median sale price of a home in Southern Nevada ticked up in March, according to a new report from ...

8 April 2019
By Bryan Horwath

Replica mining town outside Las Vegas sells for $25 million

A look at Bonnie Springs Ranch in Las Vegas, NV on June 25, 2016.

An "Old Nevada" replica mining town outside Las Vegas has been sold for $25 million. Bonnie Springs Ranch started off as a wagon train pit stop in 1834 and grew into a ...

5 April 2019
Associated Press
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