Since the stay at home orders, many California and luxury home buyers have been looking into more expensive areas in Las Vegas. The housing market is already showing signs of recovery. Model homes are busy with tours. Homes over the budget of 1 million are being frequently bought. Builders believe that the lock down orders made buyers want more space and bigger Continue Reading
Las Vegas Pandemic Real Estate Market
https://www.reviewjournal.com/business/housing/las-vegas-homebuilder-sees-material-slowdown-in-sales-2013176/ Since the coronavirus pandemic has struck, the economy has shut down. As an effect the homebuilders here in Las Vegas have seen slowing rates. For example, they saw a material slowdown. Because the government has ordered everyone to stay at home, people are still buying houses but the Continue Reading
Las Vegas Coronavirus Effect
https://knpr.org/knpr/2020-03/how-will-las-vegas-real-estate-survive-covid-19 Hopefully, this coronavirus damage will not have the same effect as in 2008. Las Vegas has had multiple events canceled which is hurting the economy. The demand for homes from buyers has lowered and so have mortgage rates. The low mortgage rates will not affect someone if they have the money needed to pay. Continue Reading
Low Foreclosure Rate for Las Vegas
https://www.reviewjournal.com/business/housing/las-vegas-foreclosure-rate-keeps-falling-1937543/ Las Vegas has always had an above average foreclosure rate. It has recently fallen to its lowest point. Almost 50% of the homes in Las Vegas received a foreclosure. Foreclosures can help but also hurt buyers. Continue Reading
Las Vegas Housing Market is Predicted to be Very Strong
https://vegasinc.lasvegassun.com/business/real-estate/2019/dec/12/new-report-predicts-strong-las-vegas-housing-marke/ It is predicted that in the next couple of years the housing market will be above average. The market should grow an incredible amount. The sales price of homes is also expected to go up but at a slow rate. The median home price is about 4% such as October to November in 2018 Continue Reading
New decade housing trend smaller homes
https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-millennial-home-buyer-report-for-2020-zillow-housing-data-top-real-estate-trends-for-2020-shrinking-homes-trend-skylar-olsen-11716.php It is predicted that the housing market will be stabilizing in 2020. Also, that the new homes being built will have less square feet to fit the buyers. The new Continue Reading
Las Vegas House Market Strong
https://vegasinc.lasvegassun.com/business/real-estate/2019/dec/12/new-report-predicts-strong-las-vegas-housing-marke/ It has been observed that for the next couple of years the Las Vegas housing market will be strong. The more predicted population growth and career availability will open the space for improvement. It is also predicted that prices will rise because of more Continue Reading
Las Vegas Home Prices Stabilizing
The average price for a home sold in April was $170,000, up 2% from March and up around the 10% from April 2018, according to a report. The association’s president and a longtime area Realtor, Janet Carpenter, said that April marks the first month since the April in 2012 that an annual percentage increase has been under 3.8%. Janet Carpenter said, “This shows how the Continue Reading
Los Angeles Real Estate Firm Buys Apartment Complex
https://www.reviewjournal.com/business/housing/las-vegas-apartment-complex-bought-by-los-angeles-real-estate-firm-1659901/ Another Los Angeles real estate firm buys a apartment complex in Las Vegas. The firm is named TruAmerica Multifamily. They now own about 4,000 units in Las Vegas. The complex is located at 6500 Vegas Drive. It sold for about $58 million and is named Vintage Point. Continue Reading
The Median Las Vegas Home Price Hits $300,000
In March, the median home price in Las Vegas suddenly got high. A report showed that the median price for an home that was sold this March was $300,000, up from the price in February $296,200. Also, that was went up more than 7 percent from March 2018. Since 2012 home prices have been Continue Reading
