RENO, Nev. (AP) — Homebuyer activity remains strong in the Reno-Sparks area, but new listings are down and the active inventory of housing units also is shrinking.
Developers are building thousands of single-family homes that won't require a mortgage to move in. Even people who could afford to buy are choosing to rent — they aren't ready for the long-term debt.
RENO, Nev. (AP) — Democratic presidential candidate Bernie Sanders has released an online campaign video spotlighting the lack of affordable housing in Reno.
The pool of smaller, affordable starter houses is low. And the market for these first-time home purchases is increasingly being driven by investors who help push prices out of reach.
Las Vegas’ realtor association has predicted improved sales this spring
But the Las Vegas Review-Journal reports that resales are still well below 2018 levels, and the number of ignored listings remains much higher than it was a year ago.
The average home price in Nevada closed out the year virtually unchanged from the month before, but still 10 percent higher than they were one year ago.
The median sales price of homes in Las Vegas from November has remained flat since the previous month.
The Greater Las Vegas Association of Realtors released its monthly report this week showing the median sales price of a single-family home in Las Vegas was $295,000.
In many parts of the country it's actually gotten a bit easier, though not any cheaper, to buy a house. Housing sales are down nationwide, and the market is cooling off.
In much of the U.S., the housing crash hangover lingers. New tabulation of home price data lets you zoom in on hundreds of metro areas and counties around the country.
Many of London's expensive homes are owned by obscure foreign companies. Critics say the city has become a haven for those hiding ill-gotten gains, and the government is starting to respond.
Housing prices there have dropped, opening up investment opportunities — but only if you know how to invest. One professor is teaching inner-city residents how to get in on the market.
CARSON CITY, Nev. (AP) — Nevada lawmakers who sought to pull the plug on a program that helps homeowners fend off foreclosure have reversed course and want to continue it for another two years.
