Local Economy

April 29, 2013

Las Vegas Land

Recently, the amount of Las Vegas land space that is available to homebuilders and commercial builders has become increasingly diminished.  Finding the physical means to pull together available Las Vegas land to build on, means that Vegas' lack of dirt needs to increase quickly to meet high demands for …

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April 22, 2013

Las Vegas Home Sales

Las Vegas home sales are improving, slowly and steadily.  While there is hope for continued recovery and improvement in the home sale market in Nevada, the real estate market is still in a fragile state.

Just over 1,600 new homes in Las Vegas have been sold during the …

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April 9, 2013

Boulder City Hospital

A $16 million expansion is currently in the works for the Boulder City hospital.  While federal officials suss out the details, construction of the health care facility in Boulder City, Nevada is expected to begin this summer, and be completed by 2014.

Improvements to the Boulder City hospital include …

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April 8, 2013

Housing Recovery

Cash buyers are currently accounting for one-third of home sales.  While it seems that the housing market is in a state of recovery, there is question to whether this is a temporary upswing, or whether this housing recovery will remain status quo.

It seems that the overall opinion is …

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March 11, 2013

Housing Prices Rising at a Fast Rate

According to the Case-Shiller national index, residential home prices gained at the quickest rate since 2006. Up 5.9 percent, the 10-city index came in just below the 20-city index which had risen by 6.8 percent. At the end of 2012, both 10 and 20-city indices were up 0 …

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Feb. 18, 2013

National Home Sales Statistics List Puts Las Vegas Communities in the Top 15

In 2012, three Las Vegas real estate communities were named in the top 15 for sales. The Mountain's EdgeProvidence, and Summerlin communities of Las Vegas were worthy of mention in the national list.

Providence, a northwest Las Vegas community of Las Vegas, came in at number 6 …

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Feb. 11, 2013

Real Estate Expansion in the Summerlin Area

The Paseos village of Summerlin in Las Vegas, NV is planning to open five new-home neighborhoods this year. The trail system is also being set to expand, joining neighborhoods and amenities within the neighborhood. Construction of utilities and roads in the area is under way as well, making the expansion …

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Jan. 16, 2013

2012 LAS VEGAS HOUSING MARKET SHIFTED FROM FORECLOSURES TO SHORTSALES

During 2012, the Las Vegas real estate market fluctuated drastically. With the average price of a single-family home increasing close to 25 percent, real estate changes that hinged primarily on foreclosures shifted to short selling homes. Accounting for over 45 percent of sales in December 2012, short sales swept the …

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Dec. 17, 2012

Foreclosure Law Gets Reevaluated in the New Year

In 2013, foreclosures in Nevada could see some significant increase if lawmaker officials and financial institutions back a 2011 bill that prevented the progress of banks' retaking Nevada homes.  Although the Nevada housing market has fluctuated significantly, the long term effect of more foreclosures isn't exactly horrible.  …

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Dec. 12, 2012

Sales Down, Prices Up

While home sales in Las Vegas have slowed down, prices are rising again in the Valley, says a report from the Greater Las Vegas Association of Realtors. November showed 2,682 single-family home sales – up 16.8 percent from last year. The median price for these homes was $146 …

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