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 […]

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 […]

Mansion Global Daily: Silvio Berlusconi’s Infamous Party Pad Is Heading to Market – Mansion Global

News Briefs Heirs Selling Silvio Berlusconi’s Infamous Party Pad Silvio Berlusconi’s Sardinian summer house is reportedly selling for €500 million (US$537 million). The former Italian prime minister, who died in June at the age of 86, reportedly hosted foreign leaders from George W. Bush to Vladimir Putin, as well as wild fetes that occasionally ended […]

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% […]

huntington & ellis, a Real Estate Agency Hits Record-Breaking $1 Billion in Total Sales Volume for 2023 – Nevada Business Magazine

huntington & ellis, A Real Estate Agency Las Vegas brokerage grows sales by 24% in a dynamic 2023 real estate market The award-winning Las Vegas brokerage, huntington & ellis, A Real Estate Agency, has announced a record-breaking year. In 2023, the company achieved a milestone, surpassing over $1 billion in total sales volume. Illustrating a strong commitment to community involvement, the brokerage generously contributed over $70,000 to […]

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 […]

The Most Splendid Housing Bubbles in America, January 2024 Update. Biggest Price Drops from 2022 Peak: San … – WOLF STREET

The 20-City Index dips off a beautiful double-top. Some metros saw new highs. By Wolf Richter for WOLF STREET. The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers dipped a hair from the prior month and is now forming a beautiful double-top, after a huge mind-blowing spike. We’re going to […]

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 […]

Detroit dethroned Miami as fastest-appreciating housing market as home prices continued their climb in late 2023, CoreLogic says – Fortune

Florida’s long reign is over as housing prices stay hot. That’s one of the big takeaways from the CoreLogic home price index’s data for November 2023, which shows yet another surge in home prices. The cost of housing shot up 5.2% year-over-year in November 2023, the index said, the strongest annual growth rate recorded since […]

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 […]

The Pandemic-Driven Migration Boom Is Waning, With the Share of Homebuyers Relocating at Lowest Level in 18 … – Redfin News

The share of homebuyers moving to a different metro area is coming down from a peak as it becomes less feasible to work remotely. For those who are relocating, the most popular destinations are relatively affordable places like Sacramento, Las Vegas and Spokane, WA.  The share of U.S. homebuyers looking to move to a different […]

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 […]

Housing Market Shows Signs of Resilience Despite Headwinds – Norada Real Estate Investments

The US housing market has shown remarkable resilience in recent months, defying predictions of a downturn. In September, the U.S. CoreLogic S&P Case-Shiller Index increased 3.9% year-over-year, marking the third consecutive month of annual gains following two months of declines. This trend is a testament to the underlying strength of the housing market, supported by […]

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 […]

Reno Real Estate Market: Prices, Trends, Forecast 2023-2024 – Norada Real Estate Investments

The Reno housing market displayed resilience in October 2023, with median home prices returning to annual highs despite a decline in sales volume. The market’s price stability, coupled with a tightening inventory, underscores sustained demand and the region’s enduring appeal. Looking ahead, the market continues to favor sellers, although the increase in days on the […]

‘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 […]

LVR Report Shows Home Prices Rising, Housing Supply Shrinking – Nevada Business Magazine

LVR President Lee Barrett LAS VEGAS – A report released Wednesday by Las Vegas REALTORS® (LVR) shows the local housing supply continuing to shrink, while fewer homes are selling and prices are higher than the same time last year. LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing […]

What 2024 means for the housing market: Experts reveal the good (and bad) news for buyers and sellers – including … – Daily Mail

By Helena Kelly Assistant Consumer Editor For Dailymail.Com Updated: 12:14 EST, 5 December 2023 Housing affordability slumped to a multi-decade low this year as soaring mortgage rates failed to pour cold water on high house prices.  But is there hope on the horizon for 2024? A new report from property experts predicts both prices and […]

5 Things To Know for Dec. 5 – CoStar Group

Editor’s Note: Some linked articles may be behind subscription paywalls. The New York Times took a deep dive into how Guangzhou-based property developer China Evergrande Group has spiraled to bankruptcy and possible dissolution, noting poor corporate oversight played a big role in the company’s undoing. The company defaulted on $300 billion in debt in 2022 […]

20 Young Leaders Transforming the Real-Estate Industry in 2023 – Business Insider

Natasha Sadikin, Ankur Jain, Kristen Henry, Bryce Grandison James Leng, Mike Coppola, Cameron Moore, Jelissa Holder Meet Business Insider’s fourth cohort of emerging commercial and residential real-estate talent. We selected 20 young professionals 35 and under making waves across a vast industry. The list spans talent from firms such as Cushman & Wakefield to startups […]

Nevada’s Office Market – Flight to Quality – Nevada Business Magazine

Although the office market in Nevada has been battered by rising construction costs and a high interest-rate environment, experts agree that Class A properties offering the right combination of lifestyle amenities and desirable locations can be successful in this challenging market. Defying the odds by adjusting to market conditions is what successful office developers have […]

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 […]

Redfin Predicts 2024 Will Be the Year Homebuyers Catch a Break, With Home Prices Falling and New Listings Rising – Redfin News

Listings will rise and prices and rates will fall. But high housing costs will remain a problem for young families, which will increase demand for large rentals and force President Biden to make affordability a cornerstone of his reelection bid.  We’re starting to see signs of a shift toward a buyer’s market as pandemic-driven inflation […]

Millennials are the most housing-obsessed generation, BofA survey shows—it’s a sign the prosperity of the boomers has bypassed them – Fortune

Indeed, a new report by the Bank of America Institute suggests that homeownership is a top concern for younger generations: Some 60% of Gen Z respondents, and nearly 60% of millennials, said they think homeownership is more important than it was during their parents’ generation. In a separate BofA survey, respondents cited owning a home […]

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 […]

ICE Mortgage Monitor: Equity Withdrawals Rose Slightly in Q3 2023 … – StreetInsider.com

ICE Mortgage Monitor: Equity Withdrawals Rose Slightly in Q3 2023, but High Interest Rates Are Compressing Usage by 55% FREE Breaking News Alerts from StreetInsider.com! StreetInsider.com Top Tickers, 12/4/2023 December 4, 2023 9:00 AM EST – Despite clear signs of slowing, home prices hit yet another seasonally adjusted high in October, with unadjusted annual growth […]

These housing markets are expected to see double digit sales growth in 2024 – Fox Business

Realtor.com chief economist Danielle Hale reacts to existing home sales hitting a 13-year low at 3.79 million in October. U.S. housing markets that saw the biggest sales declines in 2023 are projected to achieve double-digit sales growth in the new year, according to data from Realtor.com. Industry economists with the real estate listings website determined […]

Leaving California: Where people ditching SF, LA are looking to move – Business Insider

Californians are eyeing Las Vegas and Seattle as possible landings spots after leaving the Golden State. Christopher Kimmel/Getty Images; Jenny Chang-Rodriguez/Business Insider p” class=”inline-offer pre-churn-offer”> Redeem now California had a net outflow of nearly 350,000 residents between 2021 and 2022, the census found.  San Francisco, Los Angeles, and San Diego residents are looking to move […]

Nobu Hotel Atlanta Hires Resonate Marketing Communications as … – Hospitality Net

Atlanta, GA – Nobu Hotel Atlanta, the epitome of luxury lifestyle accommodations nestled in the vibrant heart of Buckhead, today announced they’ve hired Resonate, an esteemed boutique marketing communications firm as their agency of record. Resonate will play a pivotal role in enhancing Nobu Hotel Atlanta’s presence by spearheading comprehensive internal and external corporate communications […]

These housing markets are expected to see double-digit sales growth in 2024 – Fox Business

Realtor.com chief economist Danielle Hale reacts to existing home sales hitting a 13-year low at 3.79 million in October. U.S. housing markets that saw the biggest sales declines in 2023 are projected to achieve double-digit sales growth in the new year, according to data from Realtor.com. Industry economists with the real estate listings website determined […]

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 […]

Tesla releases the Cybertruck, Sam Altman officially returns to OpenAI, and Evernote cripples its free plan – TechCrunch

Hi, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter that highlights some of the more noteworthy moments in tech over the past few days. The holiday season is nigh upon us, but the tech industry waits for no one — on the horizon are IBM, AMD and Intel conferences, plus the annual Consumer Electronics […]