Nevadans now need to make at least $111,557 to afford a monthly mortgage payment, according to a new study from Bankrate. This is a 56 percent income increase from four years ago as related to what it takes to afford a median-priced single-family home in the state, which is now $434,400. That puts the average
Down in the southwestern part of the Las Vegas Valley, construction crews are impossible to miss as unincorporated Enterprise and its encompassing enclave boom with a host of new commercial and residential development. “This area is really evolving,” said Scot Marker, a broker with Cushman & Wakefield who specializes in retail. “If you lived close
There’s a change at the top of the luxury brokerage rankings in Las Vegas with newcomer IS Luxury overtaking Berkshire Hathaway HomeServices to close out the 2023 standings that saw a 17 percent drop in the value of those higher-end transactions. The $5.32 billion in luxury transaction volume in 2023 fell from $6.38 billion in
Behind the bright lights of the Las Vegas Strip, there’s a growing crisis the locals are all too familiar with. In the outskirts of the city, lower and middle-class Nevadans are finding it increasingly challenging to afford a home. Displacement is the norm in these neighborhoods. North Las Vegas residents regularly confront exorbitant rents, soaring housing costs, tenant exploitation
LAS VEGAS, Nev. (FOX5) – The American Dream of homeownership has increasingly become out of reach for many families. Data from Freddie Mac shows just how expensive it’s become to borrow money to buy a home. The 30-year fixed mortgage rate surged from 3.5 percent in March of 2020 to nearly 6.9 percent now. Adding
CALV to host April 4 event Commercial Alliance Las Vegas (CALV) is hosting a free event starting at 8:30 a.m. on April 4 at the Las Vegas Realtors building at 6360 S. Rainbow Blvd. giving prospective members an opportunity to learn more about CALV. CALV President Christopher McGarey, a Certified Property Manager (CPM) and Certified
Housing permits in Nevada dropped for the second year in a row, according to a new study from Point2, an online real estate search portal. The state issued 18,473 new housing permits last year, which includes single-family homes and apartment units, an 8 percent drop from 2022, according to the report, which obtained its data
Steve Marcus A home for sale is shown in a residential area near Wigwam Avenue and Buffalo Drive Thursday, June 9, 2022. By Jeff Collins, The Orange County Register (TNS) Tuesday, March 26, 2024 | 2 a.m. Sold a home in the last four years? Congratulations. You’re entitled to a piece of the $418 million Realtor settlement fund.
Former MLB outfielder Jose Canseco is trying to sell his luxurious Las Vegas property for $1.6 million. The five-bedroom, 4.5-bathroom home is in an upscale, gated community and features over 5,100 square feet. The residence last changed hands in 2021, when the baseball icon purchased it for $1.1 million. Canseco put it back on the