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Las Vegas Real Estate News 07/14/2024

Presidential Elections Presidential candidate Donald Trump’s assassination attempt was horrific but it doesn’t’ have an impact on the housing market. Despite the common belief that presidential elections might impact the housing market, data doesn’t...

Las Vegas Real Estate News 06/15/2024

Condos & Townhomes Continue Increase  Existing local home sales are rebounding from 2023, their slowest year since 2008 . According to the Las Vegas Sun, the median sale price of condos and townhomes in Southern Nevada reached an all-time high of $295,000 in May —...

Las Vegas Real Estate News 05/14/2024

Condos & Townhomes Surge In Price Channel 8 and the Las Vegas Sun has reported condo and townhome prices have soared to an all-time high in April. The median has been pushed to $290,000 – up nearly 8% since 2023. Single-family homes have priced many out of...

Las Vegas Real Estate News 04/13/2024

Median Prices Increase The headline in the Las Vegas Sun is a little misleading. There is a surge in luxury home prices that are pushing the median up. A third of these were paid by cash thanks to the California exodus. Meanwhile, down where “Johnny...

Las Vegas Real Estate News 03/16/2024

Artificial Intelligence and Real Estate Everyone is coming to grips with this new technology and how it will be applied to real estate. Here is a fascinating article on a practical application actually developed here in Las Vegas! I even used AI to translate that...

Las Vegas Real Estate News 02/15/2024

Small Decreases In Home Values Anticipated I was completely wrong in my earlier assessments of the housing market. I had predicted a sharp decline in prices after the 2022 peak. I didn’t see Wall Street snapping up all those single family homes. Consequently,...

Las Vegas Real Estate News 01/15/2024

Will Wall Street cause the next real estate meltdown? According to the Review Journal, in the summer of 2023, a corporate landlord bought hundreds of   homes in a massive transaction. The Miami-based investment firm Starwood Capital Group sold 264 homes  for $98...

Las Vegas Real Estate News 12/17/2023

Redfin Predicts 1% Decrease In Prices I believe Redfin is being too conservative. The recent interest rate decrease is just a brief relief for buyers that isn’t sustainable. Forbes reports real inflation at about 4% and there is no end in site. Mortgage rates...

Las Vegas Real Estate News 11/15/2023

Case Study – 4 Variants On a 4 Bedroom We have some new exciting data to share. Recently we purchased a portfolio of mid term rentals which created some momentum in placing tenants who need housing for less than 12 months. These folks are generally victims of...

Las Vegas Real Estate News 10/14/2023

Listings dropped 50% in September   The Review Journal reported there was even less inventory in September and prices remain the same since 2022.   Roughly 4,066 single-family homes were on the market for sale at the end of September. You would think the prices...