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News

12/13/2019 Homeowner concerned about SWAT team in community—Las Vegas Review-Journal

Earlier this year, the police SWAT team visited a house in my master-planned community. The tank and flash bangs were disconcerting to me and other residents in our relatively quiet neighborhood, and I hoped this activity would place the city and my homeowners association on high alert for future questionable activity in our relatively respectable area.
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12/3/2019 Vegas homeownership rate below the national average—Las Vegas Review-Journal

Las Vegas has yet to fully recover from the housing downturn a decade ago, and its homeownership rate remains well below the national average with the exception of Hispanics and millennials.
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12/3/2019 North Las Vegas paves way for innovative housing development—Stock Daily Dish

The North Las Vegas City Council took an early step Wednesday toward bringing a large housing development to a vacant lot on the city’s northern edge.
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12/3/2019 Downtown Henderson targeted for multi-million dollar housing development—Las Vegas Review-Journal

A downtown Henderson man wants to build a multimillion-dollar housing development in a neighborhood of World War II-era homes.
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12/3/2019 Developing Expertise—Multihousing Pro

Multifamily professionals who are interested in keeping up with the latest trends in the industry are undoubtedly familiar with NAA’s Apartmentalize and NMHC’s OPTECH shows. However, they may not be aware of another event that is worthy of their attention, particularly if they work in the development side of the industry. That event is NAHB’s International Builders’ Show (IBS).
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11/12/2019 US mortgage rates fall this week from 3-month high—Las Vegas Sun

Mortgage rates slipped this week from the highest level since July and remain at historically low levels that are helping would-be purchasers to buy homes.
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11/12/2019 Reno’s economic surge could last 10-20 years, gaming analyst says—Stock Daily Dish

The city of Reno is poised for a long-term economic upswing, according to an analyst from Union Gaming Research of Las Vegas.
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11/12/2019 Greater Las Vegas Home Prices Dip in October, First Time in 8 Years—World Property Journal

According to a new report by the Greater Las Vegas Association of Realtors, home prices in Southern Nevada stalled to start fall, with fewer homes selling so far this year compared to last year.
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11/7/2019 October numbers show little change in Las Vegas housing market—Las Vegas Sun

The price for a home in Southern Nevada didn’t move much in October, according to a report released by the Greater Las Vegas Association of Realtors today.
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11/7/2019 ConAm Group Acquires Las Vegas Apartments—Multi-Housing News

The ConAm Group has purchased a 292-unit apartment community in Henderson, Nev., for $54.5 million. South Valley Ranch is a 22-year-old property consisting of 37 two-story buildings spread across a 17.4-acre parcel.
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11/7/2019 How the Top Emerging Markets on the West Coast Stack Up—Globe St.

Investors are targeting Las Vegas, Salt Lake City and Phoenix, but how do these growing markets compare? All three markets are positioned for long-term growth, but they aren’t seeing the same growth fundamentals. Job growth and population growth are factors across the three markets, but investors are paying close attention to the differences.
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11/6/2019 Futuristic Las Vegas mini-city finds home, while future of CEO remains uncertain—KVVU-TV Las Vegas

A first-of-its-kind smart city planned for Las Vegas now has a location. Developers of the "smart city" Bleutech Park will bring the idea to life at corner of Las Vegas Boulevard and Cactus Avenue. The plans are moving forward despite an uncertain future for the company’s CEO, Janet Legrand.
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11/4/2019 Las Vegas’ sharp drop in home price growth could spur more sales—Las Vegas Review-Journal

A decade ago, Las Vegas’ housing market was in a nosedive. Lenders were foreclosing on homes across the valley, builders’ sales were evaporating, and house values were plunging. The market is on much stronger footing today but has slowed considerably this year, after a heated run in 2018 sparked affordability concerns.
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11/4/2019 Nevada Housing Coalition to Host Brunch and Learn Program on Thursday, November 7 in Reno—Nevada Business

What’s on deck for affordable housing in northern Nevada? Join the Nevada Housing Coalition as we discuss federal and state policies that would impact the ability to produce more affordable housing opportunities for Nevadans.
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10/25/2019 Las Vegas among cities with highest homeless rate, study finds—KVVU-TV Las Vegas

Las Vegas is among the top ten cities in the country with the highest homeless rates, according to a new study.
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10/21/2019 Nevada State Apartment Association Presents Maintenance Mania Celebrating Multifamily Housing First Responders—Nevada Business

The Nevada State Apartment Association will present the regional competition of Maintenance Mania® on Friday, Oct. 25, at The Orleans Hotel.
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10/16/2019 Southern Nevada home prices inch up as supply stays tight—Las Vegas Review-Journal

A report released Tuesday by the Greater Las Vegas Association of Realtors (GLVAR) shows home prices in Southern Nevada inching back toward their all-time high as the local housing supply remains tight.
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10/15/2019 Las Vegas Community Trades for $34M—Multi-Housing News

Allwest Homes has sold Hacienda Heights, a 216-unit Class B community in Las Vegas, to a joint venture between Oak Residential Partners and Rockwell Management for $33.8 million, according to Yardi Matrix. The buyer financed the acquisition with a Freddie Mac loan from CBRE. The new owners selected Pinnacle to oversee property management.
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10/11/2019 Redfin: Bidding wars rebound from August’s 8-year low—HousingWire

As the nation’s low-interest rates continue to drive purchasing demand, a report from Redfin indicates America’s bidding competition strengthened in September.
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10/9/2019 Las Vegas housing prices inching toward all-time high—KTNV Las Vegas

Housing prices in the Las Vegas valley are inching toward an all-time high, according to the latest report by the Greater Las Vegas Association of Realtors.
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