As Southern Nevada’s frenzied seller’s market continues, a new concern about the area’s housing market has emerged. More buyers, according to the latest statistics from the Las Vegas Realtors trade group, are closing deals with cash. In May, 31% of all existing homes sold in the Las Vegas area were purchased with cash, which is […]
Blog
Blog
Where Do Experts Say the Housing Market Is Heading?
As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. realtor.com “. […]
Home Equity Rose $2 Trillion in 2021’s First Quarter
Property values have soared this year. And now, homeowners have the potential to benefit from it, even if they aren’t selling. Inflated home prices are keeping a lot of potential buyers out of the housing market. But they’re also giving many homeowners a lot more financial flexibility. Home equity, on a national level, grew by […]
Sellers Are Ready To Enter the Housing Market
One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be […]
MSG Sphere Making Progress in Las Vegas, on Schedule for 2023 Opening
A milestone for the MSG Sphere Las Vegas. On Friday there will be a topping out ceremony celebrating the completion of the steel domed roof frame. 13 Action News got an early inside look at the progress being made on the project to see how the state-of-the-art venue is taking shape. From the outside, you […]
Henderson Home Breaks 2021 Record with $14.69M Price Tag
A Henderson estate dubbed the house of water and located in the exclusive hillside community of Ascaya closed Thursday for $14.69 million, making it the highest price paid for a single-family home in 2021 and third-highest price ever paid for a home in Las Vegas history. The transaction comes as the Las Vegas Valley continues […]
Should You Move or Refinance?
The level of equity homeowners have is at an all-time high. According to the U.S. Census, over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. According […]
Counties with the Lowest Home Prices in Nevada
The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing […]
Americans See Real Estate as a Better Investment Than Stocks or Gold
Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings. In an article on the current real estate market, Gallup reports: “Gallup usually finds that Americans regard real estate as the best long-term investment […]
Las Vegas Area Home Prices Up Recently
The rise in home prices showed no signs of abating in early 2021 across most of the country. Prices increased 2.30 percent from February to March in the Las Vegas-Henderson-Paradise NV Metropolitan Statistical Area, according to the CoreLogic Case-Shiller Index, one of the leading trackers of the housing market. Prices are up 10.70 percent from […]
