Half of home buyers in Las Vegas Nevada paid in cash in October. For the most part, these are investors buying up properties. Prices have dropped to 1990's levels, and many homes in the area are selling for below building cost.
In Part Four of the Fronteras Changing America Desk series Beyond Sprawl, Jude Joffe-Block reports some Las Vegas homes are getting attention from buyers from all over the world.
Pigs will probably fly in the Southwest before home builders stop building new homes here, but the types of homes people will need in the next 20 years might look very different. We’re staying single longer, we’re having fewer children, we’re paying more for gas and utilities -- is it time to re-think the all-American SUBURB?
In part two of the Fronteras Changing America Desk series, Beyond Sprawl, Devin Browne reports on an Arizona State University project to redesign a cul de sac for the future.
Home builders have long made a living expanding the edges of Southwestern cities. But look around these days, and you’ll find construction projects that have come screeching to a halt. Home prices and new-home construction are a fraction of what they once were. After an historic housing crisis, a new Fronteras Changing America Desk series asks: is it time to reconsider the way we’ve built the Southwest?
We begin the series, Beyond Sprawl, in Phoenix. Peter O’Dowd reports on a new kind of subdivision, the zombie subdivision .