Realtor.com®’s February data release reveals that the U.S. housing market continued to tighten as the inventory of for-sale homes continued to evaporate and home prices rose. However, it remains to be seen if new concerns about the spread of the Coronavirus domestically will dampen what is shaping up to be a competitive home-buying season. The total number […]
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Las Vegas Multifamily Report
Las Vegas’ multifamily market continues to benefit from the metro’s blooming economy. Rental demand is also strong, boosted by a consistent wave of baby boomers who are choosing to relocate. This has kept rent growth among the highest in the country, at 5.4 percent last year to an average of $1,117. Despite rent hikes, Vegas […]
The Summit in Summerlin Takes Shape
The Summit in Summerlin Takes Shape The Summit Club, Summerlin’s ultra luxury golf resort community, has come a long way since the resort started pre-selling lots in 2015. A joint venture between Discovery Land Co. and the Howard Hughes Corp., the 555-acre development has contracted 154 of its 260 lots, pre-built residences and […]
The Difference an Hour Makes
The Difference an Hour Makes Don’t forget to set your clocks forward this Sunday, March 8 at 2:00 AM EST in observance of Daylight Saving Time, unless you’re a resident of Arizona or Hawaii! Every hour in the United States, 568 homes are sold and median home values rise by $1.92. As we “spring […]
How Trusted Professionals Make Homebuying Easier to Understand
In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help […]
Thinking of Selling? Now May Be The Time
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This is […]
How Much “Housing Wealth” Can You Build in a Decade?
Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. How much have home prices increased? One of the first measures of the financial benefits of homeownership is […]
How Interest Rates Can Impact Your Monthly Housing Payments
Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor. “If you’re in the market to buy a home, today’s average mortgage rates […]
Real Estate Is Soaring, But Not Like 2008
Unlike last year, the residential real estate market kicked off 2020 with a bang! Buying demand is very strong. The latest Showing Index from ShowingTime reported a 20.2% year-over-year increase in purchaser traffic across the country, the sixth consecutive month of nationwide growth, and the largest increase in the history of the index. The even better news is […]
Downtown Las Vegas Gateway Arch Construction To Start This Month
Construction of an illuminated arch sign that will serve as a welcome sign to visitors to downtown Las Vegas is slated to begin this month. Work on the $6.5 million, 80-foot-tall crisscrossed arches will begin March 16 and is expected to be completed in September. The arches will create a gateway to downtown on Las […]
