At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that […]
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Rent vs. Buy – What Should Retirees Do?
The housing market is hot, and it’s a great time to sell your home. Still, if you’re thinking about renting your next one, consider the tradeoffs. Renting temporarily is fine if you want to try a new location or if you anticipate moving frequently early in retirement. But the longer you rent in retirement, the riskier […]
What can $700K to $800K Buy in Las Vegas’ Heated Housing Market?
Homes in Southern Nevada list at just about every price range, and once a buyer gets beyond the half-million level, the range of amenities certainly widens. But it does seem that it’s around the $700,000 to $800,000 price point that some intriguing things begin to appear. Home putting greens. Luxurious bathroom features. Basements, even. And […]
Patience Is the Key to Buying a Home This Year
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It’s because there are […]
North Las Vegas, Seeking New Hospital, Taking Bids on Land
North Las Vegas wants a new hospital, and it recently put land that could support one out to bid. On May 19, the City Council passed a resolution outlining its intent to sell about 135 acres in the northern part of the city. The land, directly west of Pecos Road and south of the 215 […]
Americans Find the Nonfinancial Benefits of Homeownership Most Valuable
Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today, homeowners rank the nonfinancial and personal benefits with even higher value. Recently, two […]
Las Vegas Homes Selling Rapidly as Buyers Tap Cheap Money
When Ryan Oesterle put his Las Vegas townhouse up for sale last month, he knew the market had been heating up and figured it would only take one or two weeks before he accepted an offer. Instead, it only took days, as he received a flood of offers and sold the home for $13,000 over […]
Arizona Firm Buys Las Vegas Parcel Slated for Future Homes
A residential land investor with holdings in the U.S. and Canada has ventured to Las Vegas as the housing market keeps accelerating. The firm, Walton, announced this month that it acquired a 17-acre tract in the southwest valley and that a “top national homebuilder” plans to develop 175 town houses and single-family homes there. Land […]
Another Oakland Franchise Might be Eyeing move to Nevada
On May 11, the Oakland Athletics announced that they would begin exploring other markets at the instruction of Major League Baseball as a result of a long-stalled new stadium project. Las Vegas immediately emerged as the most likely landing spot, topping the relocation odds over Nashville and Portland at DraftKings sportsbooks. These things take time, […]
Las Vegas Housing Market Expected to Remain Hot through End of the Year
As the longtime real estate agent walked the first floor of the three-bedroom home in Henderson, he pondered events of the past year, which have led to an ultra-tight Las Vegas Valley housing market. “It’s insane,” said Aldo Martinez, president of the Las Vegas Realtors trade organization. “By all indications, we don’t see things slowing […]
