You don’t have to look carefully for signs of the hot real estate market in Las Vegas.This week, a home in the Spring Valley area sold for $ 22,000 more than the asking price, a home in Summerlin sold for $ 75,000 more than the list price, and a home in Henderson sold more than […]
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Mortgage Rates Rise for the First Time in 6 Weeks
Mortgage rates edged up from their all-time lows this week. Freddie Mac reports that the 30-year fixed mortgage rate is 2.87%.“Following last Friday’s strong jobs report, which revealed broad-based gains in employment and wage growth, mortgage rates are moving higher,” said Sam Khater, Freddie Mac’s chief economist. “After dropping for six consecutive weeks, the 30-year […]
First-Time Home Buyers Lead Uptick in Mortgage Apps
Demand for mortgage homes reversed last week, after falling last month, the Mortgage Bankers Association said on Wednesday.Mortgage applications to purchase a home increased 2% for the week and offered a signal that more first-time buyers may be emerging. Still, purchase applications are 18% lower than a year ago, the MBA said.Higher prices and the […]
Single-Family Lot Values Have Never Been Higher
Lot values for single-family, detached homes have never been higher. In 2020, prices jumped 18% to a median lot price nationwide of $53,000, according to an analysis of Census Bureau data by the National Association of Home Builders.The higher prices for lots—along with material costs—have pressed on buyers’ and builders’ budgets in building new homes.Lots […]
Two senior Housing Projects in Progress in Henderson Las Vegas
The Texas developer owns two apartments over the age of 55 and has expanded to South Nevada.Sparrow Partners announced it has opened a 173-unit complex in the southwest Las Vegas Valley and a 189-unit project around the Henderson Inspirada area. Both are expected to open in mid-2022, the company said.Four-story-branded projects will feature activities such […]
Increase in Cash Buyers in Nevada Housing Market Locks Regular Homebuyers Out
In Nevada’s housing market, cash is king.That’s the message Lorena Caldwell, a real estate agent in Las Vegas who primarily works with working-class and low-income homebuyers, emphasizes whenever she sits down with someone. that’s looking for a home. “Be ready for a hell ride,” she tells clients, explaining that without the need for a loan […]
Main Street Station Finally Has A Reopening Date
Boyd Gaming Corp. announced Monday that Main Street Station will welcome returning guests for the first time since March 2020 due to growing demand in the city center.The Victorian-themed hotel and casino will open at 6 a.m. on September 8, nearly 18 months after it closed due to the COVID19 pandemic.“We are thrilled to announce […]
Renters Feel Pressure on Rentals in Las Vegas
Castro shared the home with her mother, her mother’s partner — both of whom are undocumented immigrants from Mexico — and brother. The rent was $980 a month.But the owners wanted to sell the house, and with real estate prices soaring in the Las Vegas area, they couldn’t afford it. The median selling price was […]
Restore A Pool In Just 5 Steps
Swimming pools can take a lot of maintenance and work to keep them in top condition. And sometimes that job can overwhelm homeowners, forcing them to close their pools for a while. If this has happened to one of your customers, or if they’ve bought a new home with an old pool that needs help, […]
Las Vegas House Prices Exceed $400,000 For The First Time
Median home prices on the Las Vegas home resale market topped $ 400,000 for the first time last month, raising concerns that as home values ??continue to hit record highs, the price of any premises may be affected.In July, the median sales price of single-family homes in most markets was US$405,000, which was 2.5% higher […]
