There are many headlines claiming that we are returning to a more normal real estate market. This shows that the real estate market is returning to the pre-pandemic numbers we saw from 2015 to 2019. But this did not happen. Although housing supply is slowly recovering, the market is still very active because demand is […]
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10 items you should always rent instead of buy
People have been renting cars, wedding tents, and folding chairs for decades. Renting dresses is now high fashion. But online companies, as well as independent entrepreneurs, are steadily increasing the array of things consumers can rent instead of buy. Most often the rental period is flexible and renting will usually save money. There are a […]
What can you do now to prepare for Home Ownership
As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home.“The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has increased by 11.4 percent since January . […]
Rents in Las Vegas are getting bigger and rising at a faster rate
Rents in southern Nevada are increasing at an ever-increasing rate, outpacing markets across the country due to looming affordability issues here and across the United States.Typical rental rates in the Las Vegas area increased 22.7% year-on-year to $1,662, from a 9.2% increase nationally at $1,843, advertising website Zillow recent report.The valley’s rental growth was the […]
Property Damage From Hurricane Ida Could Total $20B
Hurricane Ida continues to leave a long trail of destruction across Louisiana, Alabama, and Mississippi. Damages could total between $15 billion and $20 billion, Wells Fargo and Fitch Ratings estimated. Ida is tied for the fifth-strongest hurricane ever to hit the U.S. mainland. Hurricane Ida was predicted to damage 1 million homes along the Gulf […]
Home prices skyrocketing in Las Vegas, across US
A new report shows that as the United States sees “extraordinary” growth in home values, home buyers are facing higher and higher prices in Las Vegas and across the country. Southern Nevada home prices jumped 19.8 percent year-over-year in June, outpacing the national rate of 18.6 percent, according to the S&P CoreLogic Case-Shiller index released […]
Homebuyers Squeezed Out of Las Vegas Market Head for Pahrump
When Teresa Washington was looking for a home in the Las Vegas area this spring, no matter how much she bid, she had been struggling to buy a home. She looked at about 20 homes, and even when she tried to pay $10,000 over the asking price, she was outbid by tens of thousands of […]
How long can Las Vegas’ sizzling housing boom last?
Cut into almost any shape, the Las Vegas real estate market is heating up.Home sales are fast, prices are hitting record highs every month, and rents are skyrocketing. Enthusiasm for housing has raised concerns about affordability and prompts more buyers in the valley than usual to search for homes in the cheapest Pahrump in the […]
House prices above 40% are more affordable than peak house prices
SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services, and risk solutions for real estate transactions, today released the June 2021 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income […]
The Difference in Net Worth Between Homeowners and Renters Is Widening
Being financially secure is an important goal for many people these days, but some people don’t realize how owning a home can help them make this dream come true. A recent report, The Journey Toward Financial Freedom, asked Americans for their views on financial well-being and their goals. This suggests there may be a major […]
