by Jim Eagan | Mar 15, 2023 | Real Estate News
Las Vegas Real Estate Trends In January 2023, prices were down 0.26% compared to last year, selling for a median price of $385K. Right now, houses sell after 75 days on the market compared to 33 days in 2022. There were 660 homes sold in January this year, down from...
by Jim Eagan | Feb 14, 2023 | Real Estate News
Property Prices Continue To Fall In Las Vegas Redfin data, reported a median sale price for a Las Vegas home was $375,000 in December 2022, down considerably from the all-time-high of $432,000 in June 2022. A typical home sold for 3 percent below list price. And more...
by Jim Eagan | Jan 18, 2023 | Real Estate News
Reports & 1099s Coming at You End January We will be generating reports for all our customers at the end of January. These reports are built so all you have to do is hand the report to your CPA. These reports will include your income for the year and expenses...
by Jim Eagan | Dec 14, 2022 | Real Estate News
250K Homebuyers Are Underwater According to News Nation, more than 250k homebuyers are underwater on their mortgage. Shocking right? Imagine that happening after investors trip all over themselves to pay more than market price. The mortgage data firm Black Knight also...
by Jim Eagan | Nov 13, 2022 | Real Estate News
Huge Relief – Governor Sisolak Is Out Steve Sisolak stated he would be proposing rent control during his campaign. Nothing scared us more than the phrase “Rent Control”. Joe Lombardo is very conservative and won’t even bring that subject up...
by Jim Eagan | Oct 15, 2022 | Real Estate News
More evidence we have cleared the summit. The median home price for SFRs stayed at $450,000 in August and September. In October we are seeing a steady decline in the median price and it will continue. Inventory continues to rise despite the increase in the total...
by Jim Eagan | Sep 14, 2022 | Real Estate News
Tsunami From California Approaching Vegas Nearly half the buyers in Las Vegas in the last 6 months were Californians cashing out of their huge equity increases. California cash buyers are no longer even kicking the tires here in Las Vegas because their equity gains...
by Jim Eagan | Aug 17, 2022 | Real Estate News
Fortune Magazine Predicts Decline In Las Vegas Fortune has a very interesting article that spans many markets which includes Las Vegas. This is also supported with some statistics from Moodys. In the early 2000s investors, who were often home flippers, targeted...
by Jim Eagan | Jul 18, 2022 | Real Estate News
Prices dropping for first time. Investors can now see the light at the end of the tunnel. We now have the definitive “top of the market”. Real estate data for April and May shows that the U.S. housing market is softening. New home sales fell 19% to their...
by Jim Eagan | Jun 16, 2022 | Real Estate News
Rent Control Proposed In North Las Vegas The Culinary Union brought forward a ballot initiative for rent control in North Las Vegas. Here is what’s important: Owners who only own one property will be exempt. Maximum rent increases would be 5%. 90day notices for...
