Las Vegas Poised to Continue 2015 Real Estate Gains Into 2016
This year, Las Vegas has been reaping the results of the long-term recovery in the real estate market with many economic indicators headed in the right direction – Up. A drop in unemployment, more new homes starts, an increase in the sale of resale homes – overall, we’ve seen a consistent improvement each month across […]
Southern Nevada: A Great Place to Live
Why is Southern Nevada a great place to live? Here are 4 reasons that don’t involve casinos! We’re well aware of the reputation that Southern Nevada has developed over the years. They say what happens here stays here. Sure, gambling and casinos is what put us on the map. But believe it or not, there […]
5 Reasons Why It Makes Sense to Buy a Home Now
Many of the critical factors for a recovery in housing prices are in place. The drop in housing prices, coupled with the current low mortgage interest rates has brought affordability back into alignment with historical ranges in most markets. Unemployment levels appear to have bottomed out, and a growing number of real estate economic indicators […]
Previously Owned Homes Hit Highest Sales in Over Three Years
The economy has been on the road to recovery and this past April, United States home resales rose to the highest they have been in three and a half years. The National Association of Realtors® said that existing home sales increased nationally by 0.6 percent equating to an annual rate of 4.97 million units. This […]
Recovery to Continue in 2014, Says NAR; Rates and Home Prices Predicted to Rise
Recovery to Continue in 2014, Says NAR; Rates and Home Prices Predicted to Rise By Nick Caruso The real estate market will continue its road to recovery in 2014, with home prices rising 6 percent and mortgage rates hitting 5.4 percent. In addition, demand is predicted to plateau, all according to Lawrence Yun, chief economist […]
Update on Las Vegas Real Estate
Happy Holidays! There has been quite a bit going on in our marketplace today, from even further constraint in available housing, to increased NOD filings, to even higher sales prices in recent months. A little bit of history…… In August 2009, Clark County saw a whopping peak of 11,482 filings of Notices of Default. The […]
Low inventory in Las Vegas is driving up home prices
The lack of resale housing available in Las Vegas has caused all out-frenzy to buy, perpetuating a steady increase in pricing over the past year. The GLVAR (Greater Las Vegas Association of Realtors) reported earlier this month that the median price of single-family homes is up almost 14% since September 2011, and some sources […]
What is going on with our market?
We’d like to share this article that was posted in Las Vegas Review Journal. This is a more positive outlook on the current state of the Las Vegas housing market. BY HUBBLE SMITH LAS VEGAS REVIEW-JOURNAL Posted: Jun. 8, 2011 | 10:08 a.m. The number of homes sold in Las Vegas and their median price […]