Primer on What Builders Can and Can't Do
Homeowners in Las Vegas are not typically big gamblers, unless you consider their housing values which, historically, are subject to big swings.
Home prices in Southern Nevada have edged slightly lower in the last year, as the number of properties on the market continued to climb, signaling a cooling but stabilizing housing market.
“I was gambling in Las Vegas; I took a little risk. Send lawyers, guns, and money, Dad, get me out of this!”
Interestingly, the difference between an American roulette wheel and a European wheel is the presence of "00" on the American version, which adds up to 666, a number significant in numerology.
- Las Vegas has its share of commercial buildings, but do office markets and residential markets correlate?
- In Chicago, Walgreen's is closing its Old Post Office location.
- In New Orleans, two landmark skyscrapers are in default.
Author's summary: Builders face various challenges in the housing market.