A Las Vegas housing analyst said today he expects sales of existing homes in 2010 to mirror those in 2009 and predicts prices will increase by more than 3 percent by the end of the year. Dennis Smith, the president of Home Builders Research, said in a seminar held over the Web that existing home prices will rise by $4,000, or 3.3 percent, from $123...Read More
Feb. 7--Las Vegas homebuilder Wayne Laska isn't going into hibernation. That's for bears, not businesses. The founder and principal of StoryBook Homes continues to build in the worst housing market Laska has seen since he started as a sales agent with Lewis Homes in 1985...Read More
Southern Nevada's apartment market continued its deterioration in the fourth quarter with dropping rents and rising vacancies, CB Richard Ellis reports...Read More
LAS VEGAS — Innovation in homebuilding hasn’t stopped just because the bad economy has pounded the construction industry. That was evident at the annual International Builders Show this month, as industry suppliers displayed an array of new products and technologies to an audience of more than 55,000 building-industry professionals...Read More
RISMEDIA, February 5, 2010—(MCT)—Baby boomer buyers fueled a big run-up in U.S. home construction and sales in the 1970s and 1980s. Now beleaguered homebuilders say they’re hoping aging boomers, who are just entering retirement age, will once again give them...Read More
A housing market recovery could still be far off despite signs of improvement, Portland Cement Association chief economist Ed Sullivan said during a Jan. 19 presentation at the International Builders Show in Las Vegas...Read More
The housing market is starting to recover, but it won’t feel that much better until next year, a speaker at an annual forecast meeting of the Home Building Association of Richmond said. “Residential housing is looking better, but don’t expect a repeat of 2005 any time soon,“ said Christine Chmura, president and senior economist of Chmura Economics ...Read More
Surprised observers of the $25 million acquisition of 2.15 acres at Harmon Avenue and Las Vegas Boulevard by developer Brett Torino and two undisclosed partners had one key question: how to value Strip property in this — or any — economy...Read More
Feb. 7--Las Vegas homebuilder Wayne Laska isn't going into hibernation. That's for bears, not businesses. The founder and principal of StoryBook Homes continues to build in the worst housing market Laska has seen since he started as a sales agent with Lewis Homes in 1985...Read More
The 2010 Winter Las Vegas Market at World Market Center opened with the highest registered attendance in recent years, organizers said. The bump shows that efforts to lure struggling buyers and new exhibitors may be paying off...Read More
CARSON CITY, Nev. (AP) - Gov. Jim Gibbons was to take to the airwaves Monday night to explain the dire straits of Nevada's economy and call for a special session of the Legislature to deal with an $881 million budget shortfall. Gibbons' emergency "State of the State" address was scheduled to begin at 6 p.m. Democratic Senate Majority Leader Steven ...Read More
The crash wiped out most of their business, which explains why a recent annual meeting was held a long way from Las Vegas, where the conference had been held for years...Read More
Sales of new and existing homes priced below $200,000 comprised 77 percent of transactions in Las Vegas in December as investors remain an integral part of the market, a real estate information firm reported...Read More
They have no choice, of course. The financial meltdown wiped out most of their business,whichexplainswhy this meeting of investors, bankers and lawyers was held at the Gaylord National conference center and hotel here. It’s along way from Las Vegas, where the conference had been held for years...Read More
A housing market recovery could still be far off despite signs of improvement, Portland Cement Association chief economist Ed Sullivan said during a Jan. 19 presentation at the International Builders Show in Las Vegas...Read More
Southern Nevada's apartment market continued its deterioration in the fourth quarter with dropping rents and rising vacancies, CB Richard Ellis reports...Read More
CARSON CITY, Nev. - Nevada's budget is so far out of balance that by one account the state could lay off every worker paid from the general fund and still be $300 million in the red. The economic downturn has hit so hard that prisons may be closed, entire colleges shuttered and thousands left without jobs. Against the backdrop of an imploding econo...Read More
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