More Americans signed contracts to buy homes in March after two months of declines, pointing to a healthy housing market as summer approaches and the economy continues what is shaping up to be a rapid recovery. The National Association of Realtors’ index of pending home sales rose 1.9% to 111.3 in March after declining 11.5% […]
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Las Vegas Already Looking Forward to Hosting 2022 NFL Draft
Las Vegas will host the NFL Draft next year after missing out in 2020 due to the COVID-19 pandemic. Last year’s draft was going to get the red-carpet treatment here in Las Vegas — literally. The plans were to go all out, Las Vegas-style, with a red-carpet stage on the Bellagio Fountain along with the […]
Las Vegas’ Homebuilding Market Keeps Heating Up
Homebuilders’ sales and permits soared past year-ago levels in the first quarter as Las Vegas’ buying frenzy accelerates and developers draw up more construction plans. Builders reported 4,113 net sales — newly signed sales contracts minus cancellations — in Southern Nevada during the first three months of the year, up 32 percent from the same […]
What Kind of Home Can $300K or Less Buy You in Las Vegas?
It’s nice to dream about million-dollar homes — or even $500,000 homes — but financial reality for most of us dictates that the homes we can afford to buy live a few digits away. But that’s not necessarily anything to be disappointed about. We hopscotched around the Las Vegas Valley to see what kinds of […]
How Much Time Do You Need To Save for a Down Payment?
One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long it will take you to get there. The process may actually move faster than you think. Using data from the U.S. Department […]
Listing Your Home in 2021? Here’s What to Know
It’s a good time to be a home seller — homes are selling fast and for a premium — but that doesn’t mean you can jump into the market ill-prepared. Knowing what to expect can position you to make the most of this seller’s market. Roughly 1 in 6 (17%) homeowners plan on selling their […]
Why a 2022 Housing Market Crash Is Unlikely
Judging by the emails we receive, it seems many people are still concerned about the prospect of a U.S. housing market collapse over the horizon. The questions vary, but the overall theme is the same: Will the U.S. real estate market crash in 2022? The short answer is that no one knows. As the past […]
Las Vegas Isn’t the Only Nevada Housing Market Going Bonkers
If you thought Las Vegas’ housing market was crazy, check out what’s happening in red-hot Reno. The median home price set an all-time record high with a double-digit percentage spike last month. Demand is far outpacing the number of available homes in Reno and Sparks, and fierce competition is fueling skyrocketing housing prices, real estate […]
What Does a Half-Million Dollars Buy in Las Vegas’ Housing Market?
It doesn’t carry the emotional heft or social cachet of $1 million, but a half-million dollar price tag is still pretty substantial. And for potential homebuyers wishing to turn $500,000 into a new home, the Las Vegas Valley’s real estate market is happy to help. We hopscotched around the valley to see what a half-million dollars […]
93% of Americans Believe a Home Is a Better Investment Than Stocks
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. Do Americans believe a home is a better investment than stocks? In a post […]
