Las Vegas Real Estate News |
Another dismal month for consumer confidence Posted: 25 Sep 2007 07:00 AM CDT |
DocuSign completes $12.4 million round of financing Posted: 25 Sep 2007 07:00 AM CDT |
Overnight real estate rates still higher Posted: 25 Sep 2007 07:00 AM CDT |
Jabara Excavating for Brian Head Condos Posted: 25 Sep 2007 04:01 AM CDT |
Auctions Gain Traction As Housing Market Lags Posted: 24 Sep 2007 11:00 PM CDT |
Chilly Minneapolis is Hot With Young Professionals Posted: 24 Sep 2007 11:00 PM CDT |
Bill would let bankruptcy courts impose loan mods Posted: 25 Sep 2007 07:00 AM CDT |
Posted: 11 Sep 2007 12:09 AM CDT |
Las Vegas tops list of overbuilt cities Posted: 24 Sep 2007 05:02 PM CDT |
Las Vegas tops list of overbuilt cities Posted: 24 Sep 2007 05:04 PM CDT NuWire Investor recently reported that Las Vegas is the number one spot on its list of the top five overbuilt cities. According to the article, the home inventory reached 23,642 in June, 40 percent of which were vacant. The article also says that condos and townhouses have been overbuilt and are spending an average 335 days on the market. Average single-family homes were spending about 115 days on the market. However, the city's growth is likely to help recovery. With nearly 1.8 million people in the valley, Las Vegas is expected to recover from the overbuilding faster than other cities on the list, which includes Phoenix, Orlando, Miami and West Palm Beach. Read the article here. |
Construction started on mid-rise luxury condo project The Mercer <b>...</b> Posted: 24 Sep 2007 02:45 PM CDT |
Construction started on mid-rise luxury condo project The Mercer in southwestern Las Vegas Posted: 24 Sep 2007 02:48 PM CDT Work has begun on another mid-rise condo project in southwestern Las Vegas. The Mercer will feature 113 units and is located on Tropicana and Grand Canyon Parkway. Unlike other mid-rise and high-rise projects that have been delayed by financial difficulties, The Mercer is fully financed by First American Bank in Chicago. The $50 million project has begun construction. The five-acre site is being graded and having underground utilities laid out by Chicago-based JDL Development. It is 50 percent sold and expected to reach occupancy next summer. Despite the number of foreclosure in the valley, mid-rise luxury condo prices haven't been reduced. A two-bedroom, 1,400 square-foot unit at The Mercer is priced at $422,000 and a three-bedroom 2,370square-foot unit will cost $748,000. Read the original Review Journal article here. |
Morgan Stanley accused of discriminatory lending policies Posted: 24 Sep 2007 07:00 AM CDT |
Realtor board official faces embezzlement charges Posted: 24 Sep 2007 07:00 AM CDT |
RealUmbrella seeks to shut agents out of transactions Posted: 24 Sep 2007 07:00 AM CDT |
Las Vegas Homes Sales Figures & Las Vegas MLS August Inventory Rise Posted: 24 Sep 2007 10:12 AM CDT |
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