Asian Billionaires Eye UK Real Estate; NASCAR Teams Gear Up for Las Vegas Showdown – BNN Breaking

Southeast Asian billionaires Kwek Leng Beng and Sukanto Tanoto are in talks to pursue real estate opportunities in the U.K., signaling a potential shift in the global real estate market dynamics. Concurrently, NASCAR Cup teams, including Hendrick Motorsports, are preparing for an upcoming race in Las Vegas, aiming to overcome recent challenges and secure victory. […]

Low supply, high mortgage rates strangling Las Vegas real estate market – Las Vegas Review-Journal

High interest rates and a lack of supply continue to hamper the residential real estate industry, multiple Las Vegas-area real estate agents said. When interest rates bottomed out during the pandemic, many people took the opportunity to get into the housing market and access historically low mortgage payments, said Shay Stein, a Las Vegas real […]

Navigating Las Vegas Real Estate as the Recession Cycle Begins – REBusinessOnline

— By Mike Ballard, Partner, Ascent Multifamily Accounting in Las Vegas — Las Vegas — known for its vibrant entertainment scene and thriving real estate market — is experiencing the early signs of a recession. With one of the most substantial construction forecasts in the nation, the Las Vegas multifamily real estate sector is poised to witness a surge in supply with 8,000 units to come online by […]

Luxury new home sales skyrocket since 2020 | Real Estate Millions | Homes – Las Vegas Review-Journal

Demand for new luxury homes in the Las Vegas Valley remains strong and builders and developers expect a great 2024 coming off a Super Bowl that saw members of the Kansas City Chiefs rent out multi-million-dollar homes with displays on social media. Las Vegas-based Home Builders Research reported there were 567 new-home closings of $1 […]

‘The end of the evil real estate empire’: Lawsuit targets artificially inflated fees – Las Vegas Review-Journal

A second federal class-action “copycat” lawsuit that has the potential to drastically change the residential real estate industry has been filed in Nevada. Multiple real estate agents interviewed by the Las Vegas Review-Journal said Department of Justice officials were in Las Vegas on numerous occasions issuing subpoenas and interviewing brokers prior to the COVID-19 pandemic […]

Luxury Real Estate in Las Vegas Hits Near-Record Sales Amid Rising Demand – BNN Breaking

The dawn of 2024 witnessed the Las Vegas luxury real estate market surging with remarkable momentum, as the city clocked in the second-highest number of luxury home sales for January in its illustrious history. This surge was led by a noteworthy $19 million transaction in the prestigious Summit Club in Summerlin, signaling a robust year […]

Red-Hot Las Vegas Housing Market: Challenges and Future Trends in the 89166 Zip Code – BNN Breaking

Las Vegas, NV: The housing market in the 89166 area of Las Vegas has been on a rollercoaster ride, with skyrocketing home prices and intense competition among buyers. As of December 2023, the median sale price in this zip code stood at $450,000, a staggering 50% increase from pre-pandemic levels. Advertisment The Red-Hot Las Vegas […]

Is Las Vegas Real Estate Becoming a Goldmine in 2024? – GOBankingRates

HaoZhu / iStock.com The Las Vegas real estate landscape is presenting itself as a burgeoning goldmine for investors in 2024, backed by compelling economic indicators and market dynamics. With an average home value of $405,400 witnessing a 5.2% decline year-over-year but showing signs of stabilization, and a median sale price at a resilient $400,700, the […]

Ares Management and Caprock Partners Sell 230899-SF Class A Industrial Complex in Las Vegas – DC Velocity

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, and CapRock Partners (“CapRock”), a leading Western and Central U.S. industrial real estate investor, developer and asset manager, today announced the sale of Spanish Ridge Industrial Park to EastGroup Properties, Inc. (NYSE: EGP), a publicly traded real estate investment trust (REIT). The state-of-the-art […]

Las Vegas Housing Market Trends and Forecast for 2024 – Norada Real Estate Investments

The Las Vegas housing market has been through ups and downs over the past few years. Given the current scenario with low inventory and the potential for a reverse crash in prices, January 2024 appears to be a reasonable time for buyers. However, the market’s trajectory will depend on various factors, including the Federal Reserve’s […]

Take charge of the next era of real estate at Inman Connect Las Vegas – Inman

Mark your calendars for the ultimate real estate experiences with Inman’s upcoming events! Dive into the future at Connect Miami, immerse in luxury at Luxury Connect, and converge with industry leaders at Inman Connect Las Vegas. Discover more and join the industry’s best at inman.com/events. It’s no secret that last year was a wild ride for […]

$18.5M Mansion With Fighter-Jet Vibes Soars Onto the Market Near Las Vegas – Realtor.com News

Here’s an $18.5 million mansion that resembles a plane and feels as if it’s soaring over the Las Vegas Strip. “There aren’t a lot of homes in Vegas where you get that king-of-the-mountain—or on-top-of-the-world feel; this is definitely one of them,” says Natalia Harris, who is listing the property with her husband, Ben Harris. Both […]

Mortgage rates, prices hinder tight Las Vegas housing market, LVR report says – KLAS – 8 News Now

Single-family home prices fall $5,000 from December levels LAS VEGAS (KLAS) — Mortgage rates that went above 7% last week will make it harder on homebuyers, another challenge in a tight Las Vegas housing market coming out of the slowest year for home sales since 2008. Rates had moderated in recent months, but fewer homes […]

Las Vegas locals say they’ve been priced out of once-affordable city as housing costs soar 35% in four years, – Daily Mail

Las Vegas locals are being edged out of the city as housing prices soar   Rent is 35 percent higher in Sin City now versus pre-pandemic Residents are fed up with Californians infiltrating the state for cheaper houses and sick of unhelpful politicians   By Martha Williams For Dailymail.Com Published: 16:53 EST, 6 February 2024 | Updated: […]

Huntington & Ellis Hits $1 Billion Sales Milestone, Fuelling Las Vegas Real Estate Market Growth – BNN Breaking

In a display of remarkable achievement, Huntington & Ellis, a leading real estate agency in Las Vegas, has crossed a momentous milestone, surpassing $1 billion in total sales volume for the year 2023. This impressive feat marks a significant 24% increase from the agency’s 2022 sales volume of $822 million. Advertisment Record-Breaking Sales and Transactions […]

Huntington & Ellis Hits $1 Billion Sales Milestone, Fuelling Las Vegas Real Estate Market Growth – BNN Breaking

Huntington & Ellis Hits $1 Billion Sales Milestone, Fuelling Las Vegas Real Estate Market Growth In a display of remarkable achievement, Huntington & Ellis, a leading real estate agency in Las Vegas, has crossed a momentous milestone, surpassing $1 billion in total sales volume for the year 2023. This impressive feat marks a significant 24% […]

Nevada real estate agents ‘conspired’ to inflate broker fees, lawsuit claims – Las Vegas Review-Journal

A federal class action lawsuit filed in Nevada earlier this year alleges the local real estate industry has “conspired” to inflate commissions for its brokers since 2020. Nathaniel Whaley claims in the lawsuit that he paid a “substantial” commission to the buyer’s broker of $40,250 in the sale of his Las Vegas Valley home in […]

Las Vegas Real Estate Agent Swindled Elderly “Friend” out of $600K – The Real Deal

A popular Las Vegas real estate agent was sentenced to jail last week for conning an elderly man with dementia out of hundreds of thousands of dollars.  Sophia Smith, 50, led the victim, 90-year-old Cornelius “Connie” Hoffmans, to believe they were in a romantic relationship, KLAS reported. A Clark County jury found Smith guilty of […]

Aviation-focused home in Henderson with 30-foot ceilings on market for $18.5M – Las Vegas Review-Journal

A custom-built house perched high above the lights of the Las Vegas Strip has gone on the market for $18.5 million. Located in the Dragon’s Reserve in MacDonald Highlands community of Henderson, the property has seven bedrooms over 10,067 square feet. It was built by Blue Heron in 2021. Listing real estate agent Natalia Harris […]

‘Headwinds ahead’: Market downturn looms in Vegas amid rising construction costs – Las Vegas Review-Journal

The developer of a dual-branded hotel, which recently broke ground in downtown Las Vegas, says building these days is anything but easy. “Development over the last few years has been complicated,” said Joe Blewitt, senior vice president for hospitality development at JacksonShaw, which owns both the dual-branded AC and Element at Symphony Park and the […]

Current housing market is a long game for buyers – Monday, Jan. 22, 2024 | 2 a.m. – VEGAS INC

The downward shift in mortgage rates may be good news for homebuyers, experts say, but the housing market remains turbulent nonetheless. Though rates are lower than what they were a few months ago, they’re still elevated, said Charlie Dougherty, an economist at Wells Fargo. High mortgage rates are just one of many challenges facing homebuyers […]

Why Las Vegas real estate experts say the market will be strong in 2024 – Las Vegas Review-Journal

Another new office building is in the works for Downtown Summerlin signaling the Las Vegas Valley’s real estate market will remain relatively strong in 2024 despite high interest rates, local experts said Thursday. “I think the Vegas valley, Summerlin specifically, places like that, places like Culver City, California, there’s still a much higher demand and […]

Steve Wynn lowers price for Beverly Hills mansion to $75M | Housing | Business – Las Vegas Review-Journal

Former Las Vegas casino mogul Steve Wynn has slashed the sale price for his Beverly Hills mansion by nearly half. Wynn previously listed the 11-bedroom, 27,150-square-foot mansion for $125 million in 2021. The sale price has now been dropped to $75 million, a discount of $50 million, according to the new listing. Westside Estate Agency […]

160-lot residential project gets OK from Henderson – Las Vegas Review-Journal

Two residential subdivisions totaling 160 lots on nearly 17 acres received the green light from the city of Henderson. The city’s planning commission gave final approval for the projects called Cadence Acacia and Cadence Meridian. Both will be developed by Woodside Homes of Nevada. The body voted unanimously for approval Thursday, with Commissioner Steve Rice […]

Rosen introduces bill to curb price gouging in housing market – Las Vegas Review-Journal

Sen. Jacky Rosen introduced a bill Tuesday in an effort to crack down on price gouging by corporate investors who are buying up housing stock and driving up home prices — a problem prevalent in Nevada. The Housing Oversight and Mitigating Exploitation Act would direct the U.S. Department of Housing and Urban Development to investigate […]

Despite higher interest rates, Las Vegas real estate market still bubbling with opportunity – Monday, Jan. 8, 2024 | 2 a.m. – VEGAS INC

After more than three decades of selling real estate in Southern Nevada, Merri Perry has assumed the role of president of Las Vegas Realtors, effective January 1. Vegas Inc sat down with Perry to talk about the state of the real estate market in Las Vegas, the effect of relatively high interest rates and what […]

Top 10 Housing Markets Where Homes Were Selling Fast 2023 – Norada Real Estate Investments

The U.S. housing market, despite some slowdown, remains a race for eager buyers keen on sealing property deals. A blend of soaring mortgage rates, historic lows in available homes, and determined buyers striving for homeownership has quickened homebuying across the nation. Top 10 Housing Markets Where Homes Were Selling Faster in 2023 1. Buffalo, NY: […]

‘Swapping homes like stocks’: Wall Street-backed firm buys 264 valley homes in a day – Las Vegas Review-Journal

A Wall Street-backed corporate landlord bought hundreds of Clark County homes in a staggering one-off residential sale in summer 2023. Miami-based investment firm Starwood Capital Group sold 264 homes in Clark County for $98 million to Dallas-based Invitation Homes (NYSE: INVH), according to Clark County property records. The deal, made in three separate transactions, closed […]

‘Swapping homes like stocks’: Wall Street-backed firm buys 264 valley homes in a day – Las Vegas Review-Journal

A Wall Street-backed corporate landlord bought hundreds of Clark County homes in a staggering one-off residential sale in summer 2023. Miami-based investment firm Starwood Capital Group sold 264 homes in Clark County for $98 million to Dallas-based Invitation Homes (NYSE: INVH), according to Clark County property records. The deal, made in three separate transactions, closed […]

Despite low-interest rates, buying a Vegas home in 2024 may come with challenges – KTNV 13 Action News Las Vegas

LAS VEGAS (KTNV) — With the New Year underway, KTNV takes a closer look at what’s in store for the Las Vegas housing market. Home experts say we may once again see a housing boom in 2024. But our Abel Garcia found out Tuesday that the valley’s limited inventory may create some challenges. “We just […]

Slow home sales to influx of Californians: Top 2023 stories in residential real estate – Las Vegas Review-Journal

The word of the year when it comes to Las Vegas real estate has to be “inflation.” High interest rates — not seen since the beginning of the Great Recession in 2008 — were brought in by the Federal Reserve last year to stem runaway inflation, brought on by pandemic restrictions wreaking absolute havoc on […]

Luxury real estate brokerage expands with Summerlin office space – Las Vegas Review-Journal

A luxury real estate brokerage is expanding its Las Vegas presence in one of two new leases announced at a Summerlin office building. Douglas Elliman and the Snell & Wilmer law firm have leased at 1700 Pavilion, a 10-story office building that opened earlier this year, according to a news release from developer Howard Hughes […]

Green Valley home hits market for $2.4M – Las Vegas Review-Journal

A custom-built Victorian-inspired estate constructed entirely from brick masonry has hit the Las Vegas market for $2,388,888. Gianni Sammarco, Realtor with huntington & ellis, A Real Estate Agency, has been selected to represent the home, located at 1 Dovetail Circle in Green Valley’s Quail Ridge Estates, an upscale, custom community minutes from the Las Vegas […]

‘Supply as low as it gets’: Where is Las Vegas’ real estate industry going in 2024? – Las Vegas Review-Journal

All eyes will be on the Federal Reserve in gauging where Las Vegas Valley’s real estate market could head next year, area real estate agents said. “We still have very low inventory and the Federal Reserve said they plan to cut interest rates three times in 2024,” said Mike Roland, who runs the Roland Team […]

‘Supply as low as it gets’: Where is Las Vegas’ real estate industry going in 2024? – Las Vegas Review-Journal

All eyes will be on the Federal Reserve in gauging where Las Vegas Valley’s real estate market could head next year, area real estate agents said. “We still have very low inventory and the Federal Reserve said they plan to cut interest rates three times in 2024,” said Mike Roland, who runs the Roland Team […]

Blackstone’s Hughes Center in Las Vegas Nears Default – The Real Deal

The Sphere in Las Vegas has taken off. But the nearby 68-acre business park owned by Blackstone has done a belly flop and now sinks toward default. Once dubbed “Nevada’s business district,” the 1.4 million-square-foot Hughes Center is nearly half empty and has gone into special servicing, the Las Vegas Review-Journal reported. The 10-building office […]

Home prices rising, housing supply shrinking – Las Vegas Business Press

A recent Las Vegas Realtors report showed the local housing supply continuing to shrink, while fewer homes are selling and prices are higher than the same time last year. LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during November was $450,000. That’s up 4.4 percent […]

Home prices stable in Las Vegas as interest rates maintain grip on the market – KLAS – 8 News Now

LAS VEGAS (KLAS) — Las Vegas home prices are going through a period of stability that has lasted five months, a product of higher interest rates. The median price of a single-family home increased by $1,000 from October to November, settling at $450,000, according to figures released Wednesday morning by Las Vegas Realtors (LVR). That’s […]

More holiday orders than ever are shipped from somewhere in Nevada – Fox 5 Las Vegas

LAS VEGAS, Nev. (FOX5) – More holiday orders than ever are being shipped from distribution and fulfillment centers across Nevada, as numerous retailers and companies continue to move to the Silver State, set up large warehouse facilities and meet the growing demand for online shopping. The Governor’s Office of Economic Development said the pandemic shifted […]

Airdeed Homes Unveils Insightful Study on Nevada’s Real Estate … – Yahoo Finance

Airdeed Homes Airdeed Homes’ study on Nevada’s real estate reveals diverse median prices. Las Vegas at $469,900 showcases affordability, while Reno’s $525,000 reflects a growing frontier. Jacksonville, FL, Dec. 04, 2023 (GLOBE NEWSWIRE) — Airdeed Homes, a leading real estate search website and data research company, has released a comprehensive study on the median real […]

Nevada legislators with rental properties voted against bills helping tenants – Las Vegas Review-Journal

At least six Nevada legislators who own rental properties voted against bills affecting rentals — from capping rent increases for seniors to increasing transparency on rental leases — prompting concerns about special interests’ influence on government. The four different pieces of legislation passed the Democratic majority Legislature along mostly party lines, although they were ultimately […]

Las Vegas Deals

Las Vegas is one of the most popular tourist destinations in the world. It is known for its vibrant nightlife, luxurious casinos, and world-class entertainment. With so much to do and see, it can be hard to decide where to start. That’s why we’ve put together a list of the top ten Las Vegas deals. […]

Las Vegas Wedding Services

Las Vegas is widely known as one of the top destinations for weddings. There are a variety of wedding services available throughout the city to help make your special day everything you envision it to be. From intimate ceremonies in a chapel to extravagant celebrations in a hotel ballroom, there is something for everyone. Many […]

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Las Vegas has become a hub for sports enthusiasts in recent years, with the city playing host to a number of professional sports teams. The Vegas Golden Knights, an NHL expansion team, have quickly become a beloved staple of the city’s sports scene. The Las Vegas Raiders have also recently relocated to the city, bringing […]

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Las Vegas Golf

Las Vegas is known for its lavish casinos, high-end shopping, and exciting nightlife. However, the city is also home to some of the best golf courses in the world. Las Vegas offers a variety of options for golf enthusiasts, from beginner-friendly courses to championship-level experiences. Some of the most notable courses include the TPC Las […]

Las Vegas Clubs

Top Ten Las Vegas Clubs for a Night Out on the Town The Best Las Vegas Clubs for a Wild Night of Dancing The Ultimate Guide to the Top Ten Las Vegas Clubs for Music Lovers Las Vegas is known for its vibrant nightlife and its many clubs. From the world-famous Las Vegas Strip to […]

Las Vegas Bars

Top Ten Las Vegas Bars for Craft Cocktails Top Ten Las Vegas Bars for Live Music Top Ten Las Vegas Bars for Sports Fans Conclusion Introduction Las Vegas is known for its vibrant nightlife and exciting bars. From rooftop lounges to classic casinos, there is something for everyone in the city. Whether you’re looking for […]

Las Vegas Attractions

Top Ten Must-See Attractions in Las Vegas Ten Thrilling Attractions in Las Vegas Ten Unique Attractions in Las Vegas Conclusion “Experience the Best of Vegas – Top Ten Attractions!” Introduction Las Vegas is one of the most popular tourist destinations in the world. With its vibrant nightlife, world-class entertainment, and endless attractions, it’s no wonder […]