A house at 109 Woodley St., near Rancho Drive, is in the 89106 ZIP code in Las Vegas. (Chase Stevens/Las Vegas Review-Journal) @csstevensphoto The small house in central Las Vegas stands out a bit due to its salmon-colored exterior, but otherwise fits right in with the neighborhood of older, low-slung homes. Since the recession, its value has also shot up – but that’s not much of an anomaly either. Southern Nevada home prices rose at one of the fastest rates in the country last year amid a growing population and strengthened job market. According to a new report from SalesTraq, the residential research arm of consulting firm Applied Analysis, resale prices climbed in 2018 in every ZIP code in the valley for the second year in a row, and they rose fastest in more centrally located areas — which tend to have older homes and lower prices. The findings mirror the last few years’ results, showing that as prices push higher, areas with less-expensive offerings are … [Read more...] about Las Vegas Valley home prices grew in all ZIP codes in 2018
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New Las Vegas driving experience puts participants in police chase
Miranda Alam/Special to Sun A media demonstration at Police Chase Las Vegas at the Las Vegas Motor Speedway on Tuesday, Nov. 20, 2018. By Ricardo Torres-Cortez (contact) Sunday, Nov. 25, 2018 | 2 a.m. Police Chase Media Day Launch slideshow » Blue and red lights flashed in the rearview mirror of a convertible at Las Vegas Motor Speedway. Then suddenly, the red Ford Mustang spun out and came to a stop, tires smoking and the smell of burning rubber wafting through the air. The demonstration of the pursuit intervention technique — or PIT maneuver — in which the pursuing car taps the back of the other vehicle is part of Police Chase Las Vegas, a driving experience opening in January at the raceway. Geared toward thrill-seekers, the attraction puts participants in the middle of a realistic police pursuit. Jay Bloom, one of the founders of the business, said he came up with the idea after driving on a police obstacle course. He said flipping on the blue … [Read more...] about New Las Vegas driving experience puts participants in police chase
Lehman Brothers’ collapse led to Exotics Racing in Las Vegas
David Perisset joined Lehman Brothers in London in 2006. Perisset is now CEO of Exotics Racing in Las Vegas. (David Perisset)A man leaves the Lehman Brothers headquarters in New York on Sept. 15, 2008, carrying a box. Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 protection. Home prices had sunk, and foreclosure notices began arriving. Layoffs began to spike. Tremors intensified as Lehman Brothers, a titan of Wall Street, slid into bankruptcy on Sept. 15, 2008. (AP Photo/Mary Altaffer, File)Invited guests tour the new welcome center at Exotics Racing during the grand opening at Las Vegas Motor Speedway in Las Vegas on Thursday, June 4, 2015. (Joshua Dahl/Las Vegas Review-Journal)David Perisset, one of the founders of Exotics Racing, speaks at Exotics Racing during the grand opening at Las Vegas Motor Speedway in Las Vegas on June 4, 2015. (Joshua Dahl/Las Vegas Review-Journal)David Perisset, one of the … [Read more...] about Lehman Brothers’ collapse led to Exotics Racing in Las Vegas
Las Vegas home prices not enough to make Kingman a commuter town
Damaged walls surround vacant lots with overgrown weeds and dumped trash at the corner of Win-Win Avenue and Eagle View Road in Kingman Ariz. on Friday, August 17, 2018. Michael Quine Las Vegas Review-Journal @Vegas88sMayor Monica Gates talks about the real estate market at City Ha Ariz. on Friday August 17 2018. Michael Quine Las Vegas Review-Journal @Vegas88sAerial view of a cul-de-sac off Southern Avenue in Kingman, Ariz. where new homes are under construction on Friday, August 17, 2018. Michael Quine Las Vegas Review-Journal @Vegas88sDaniel Martinez of Golden Valley, Ariz. works on the construction of a home in Kingman, Ariz. on Friday, August 17, 2018. Michael Quine Las Vegas Review-Journal @Vegas88sAerial view of several new homes in different stages of construction in a subdivision off Slaughter House Canyon Road in Kingman, Ariz. on Friday, August 17, 2018. Michael Quine Las Vegas Review-Journal @Vegas88sAerial view of a cul-de-sac off Southern Avenue in Kingman, Ariz. where … [Read more...] about Las Vegas home prices not enough to make Kingman a commuter town
Take a look at what $290K can buy in Las Vegas’ housing market
A house for sale at 11170 Alora St. photographed on Tuesday, Aug. 28, 2018, in Las Vegas. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfayeA house for sale at 9041 Grenache St. photographed on Tuesday, Aug. 28, 2018, in Las Vegas. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfayeA house for sale at 620 High Grass Court photographed on Tuesday, Aug. 28, 2018, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfayeA house for sale at 8558 Rumsfield Court photographed on Monday, Aug. 27, 2018, in Las Vegas. (Eli Segall/Las Vegas Review-Journal)A house for sale at 2204 Santa Clara Drive photographed on Tuesday, Aug. 28, 2018, in Las Vegas. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfayeA house for sale at 8558 Rumsfield Court photographed on Wednesday, Aug. 29, 2018, in Las Vegas. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye The house looks like any other around Las Vegas – a stick-and-stucco on a suburban cul-de-sac. But it also … [Read more...] about Take a look at what $290K can buy in Las Vegas’ housing market