LAS VEGAS, NV – The market for high-rise condominiums in Las Vegas has finally begun to slow after enjoying a period of red-hot activity, reflecting the rest of the cooling real estate scene in Southern Nevada due to rampant national inflation and rising mortgage rates. While many are anticipating some degree of improvement with the announcement earlier…
LAS VEGAS, NV – While the ongoing inflation crisis in the United States, coupled with rapidly-rising interest rates on mortgages, have resulted in the once white-hot housing market significantly cooling in recent months, a ray of sunshine has poked through the clouds as home loan interest rates dropped below 5 percent for the first time in…
LAS VEGAS, NV – Upholding the decision previously made by City Clerk Jackie Rodgers, the North Las Vegas City Council at their August 3 public meeting voted 4-1 to remove a historic measure from the upcoming November ballot that would have established the first rent control measure in Nevada amid steadily-raising cost-of-living concerns for residents. Rodgers previously determined…
LAS VEGAS, NV – While the national housing market has showed distinct signs of slowing down after mid-pandemic buying frenzies fueled by low mortgage rates dominated the industry, the high sales rate of new luxury homes in Las Vegas appears to remain red-hot in 2022, with the market already showing a distinct increase when compared to…
LAS VEGAS, NV – The housing market in Las Vegas, after spending a considerable amount of time on fire, is now not only showing initial signs of cooling, but doing so at a rate that appears to be faster than some other major metropolitan marketplaces in the United States. Reports indicate that the number of homes in…
LAS VEGAS, NV – The efforts of North Las Vegas residents to get a proposed rent control measure voted upon in the upcoming November elections has been rejected after the City Clerk determined the number of signatures on the petition was “insufficient” and, therefore, the measure was unable to be included on the ballot, reports say. The rent…
LAS VEGAS, NV – A Spanish Hills “ultra-contemporary” mansion that purportedly offers breathtaking views of the entirety of the Las Vegas Valley has been listed on the open market for $8.9 million. Located at 5198 Scenic Ridge Drive, the 9,084 square-foot residence – according to Jim Ross, owner of Unique Custom Homes, whose company built the house…
LAS VEGAS, NV – Citing ongoing droughts in the region, the Southern Nevada Water Authority (SNWA) board of directors last Thursday voted 7-0 to support a proposal that, if passed, would limit the construction of new residential pools to 600 square feet; this supports a similar recommendation recently made by the Las Vegas Valley Water District.…
LAS VEGAS, NV – Throughout the COVID-19 pandemic, Las Vegas residents saw their rents increase by what some would consider to be unsustainable degrees; the subsequent increase in gas prices and inflation – which, as of June, hit a whopping 9.1 percent – have only served to put additional financial stress upon not only Southern…
LAS VEGAS, NV – Crystal Pointe Estate – a massive, lavish abode overlooking Lake Tahoe’s Crystal Bay – has been listed on the Nevada real estate marketplace, with the sellers hoping to fetch a massive payday of $64.5 million when or if it sells. Crystal Pointe Estate, located at 300 Highway 28 in Crystal Bay, is…
LAS VEGAS, NV – The Las Vegas home of late comedian Jerry Lewis, which has changed hands several times over the years since his passing, has been listed on the real estate marketplace once again, with its current owner asking for a cool $2.7 million for the former abode of the legendary funnyman. Lewis had resided…
LAS VEGAS, NV – After months and months of an infamously tight inventory driving up prices in the ultra-competitive Las Vegas residential real estate marketplace, that slim inventory is finally showing some signs of growing due to a number of contributing factors, including rising interest rates on home mortgages cooling the market somewhat for the time being.…
