The Real Estate Market Now
It’s a good time to give some perspective on the real estate market now that we have a few months of data available on the trends. During the last major recession we saw home prices drop off a cliff in Las Vegas, with some zip codes declining as much as 90% from the peaks. We also saw an explosion of inventory with more than 25,000 homes available in Las Vegas at the market’s low point.
Las Vegas Raiders' Allegiant Stadium to host 2021 Pro Bowl
More good news for Vegas! The NFL today announced Las Vegas and the brand new Allegiant Stadium as the home of the 2021 Pro Bowl. The seven day period between the Pro Bowl and Super Bowl (a traditionally busy weekend in the city) will be one of the biggest weeks ever for the community.
Safest Cities in America
Henderson was named one of the safest cities in America. It’s also affordable, has over 180 miles of trails and is a short drive to both the entertainment capital and the great outdoors of the southwest. Read more: https://advisorsmith.com/data/safest-cities-in-america/
Housing Industry Positioned to Lead U.S. Economic Recovery
National Association of Home Builders (NAHB) anticipates that housing will help lead the economy out of this period of uncertainty and is likely to rebound faster than other sectors... Read more: https://www.worldpropertyjournal.com/real-estate-news/united-states/orlando-real-estate-news/real-estate-news-nahb-wells-fargo-housing-market-index-may-2020-hmi-data-dean-mon-coronavirus-pandemic-11967.php
FLYING COLORS: LAS VEGAS TOURISM CAN SOAR ON THE WINGS OF AIR TRAVEL AGAIN
Las Vegas is a global leader in hospitality and air travel will soar again as we are taking steps to protect our customers and employees in this pandemic.. Read more: https://lasvegasweekly.com/news/2020/may/28/las-vegas-tourism-can-soar-on-air-travel-again/
Top 5 Tips for Managing the COVID-19 Crises for the Resort, Real Estate Development Industry
"The Coronavirus and the ensuing international health crises has impacted the resort real estate industry in an unprecedented way. It is a time of uncertainty but I have learned from over a decade of experience in dealing with one of the world's most complex mixed-use projects in the Caribbean, there are answers and guiding principles which enable stakeholders to successfully navigate challenges." Here are some good tips for…
Las Vegas home prices up in April, but sales sag amid pandemic
Some people are holding off from buying during the public health crisis, but others are grabbing homes to take advantage of low mortgage rates..what do you think? Read more: https://www.reviewjournal.com/business/housing/las-vegas-home-prices-up-in-april-but-sales-sag-amid-pandemic-2022149/
Greater Las Vegas Housing Market Feeling Effects of Coronavirus
We expected sales to decline. But I think many people are surprised to see so little change in April compared to last year ...home prices holding up relatively well. Read more: https://www.worldpropertyjournal.com/real-estate-news/united-states/las-vegas/real-estate-news-las-vegas-realtors-southern-nevada-housing-market-report-lvr-tom-blanchard-las-vegas-home-sales-data-for-april-2020-nevada-governor-steve-sisolak-11933.php
U.S. Homeownership Rates, Rental Occupancies Remain Stable in Early 2020
Data for the first quarter of 2020 continue to reflect the extremely strong housing market prior to the current COVID-19 pandemic and subsequent economic crisis... Read more: https://www.worldpropertyjournal.com/real-estate-news/united-states/washington-dc-real-estate-news/real-estate-news-us-census-bureau-homeownership-report-2020-home-rental-occupancy-report-mortgage-bankers-association-mike-fratantoni-11922.php
Marketing in the Age of Coronavirus: It's All High Touch
I wanted to share a contribution if it's helpful at all... With the exception of property marketing (through homesnap which is generate a lot of activity but questionable quality so far), I have discontinued all other marketing and refocused solely on the following: 1) Calls to everyone in my Winning Team database (past clients who are still on board, referring agents, etc) just to listen.Sometimes I've had pretty good advice…
Apartment industry lobbyist talks about coronavirus challenges
For renters, make sure to reach out to your landlords and property management offices. Let them knowwhat your position is, but make rent your priority. Read more: https://vegasinc.lasvegassun.com/business/2020/apr/06/qa-apartment-association-director-talks-about-coro/
Las Vegas Enjoys Record Home Prices, Despite Coronavirus Outbreak in March
For the month of March, overall home sales went up despite the coronavirus pandemic. Read more: https://www.worldpropertyjournal.com/real-estate-news/united-states/las-vegas/real-estate-news-las-vegas-realtors-southern-nevada-home-sales-in-march-2020-coronavirus-impact-on-las-vegas-tom-blanchard-nevada-governor-steve-sisolak-11891.php
COVID-19 Outbreak Now Impacting U.S. Mortgage Industry
Mortgage rates and applications continue to experience significant volatility from the economic and financial market uncertainty caused by the coronavirus crisis. Read more:…
Coronavirus Now Impacting the U.S. Housing Sector, Says NAR
Corona Virus has sent tremendous psychological and economic shockwaves across the world, hitting many business sectors hard like airlines, hotels, the cruise industry, and now the real estate economy. Read more:…
Median price for Las Vegas homes sets all-time record
Greater Las Vegas Association of Realtors has reached a milestone when median-home pricing sets all time new record... Read more: https://vegasinc.lasvegassun.com/business/real-estate/2020/mar/06/median-price-for-las-vegas-homes-sets-all-time-rec/
New Home Sales in U.S. Start 2020 on Strong Footing
When low interest rates have fueled single-family housing demand at the start of 2020...INVESTMENT IS THE KEY... Read more: https://www.worldpropertyjournal.com/real-estate-news/united-states/tampa-real-estate-news/real-estate-news-us-department-of-housing-and-urban-development-and-the-us-census-bureau-sales-of-newly-built-single-family-homes-january-2020-11834.php
Realtors group president expects a strong 2020 for Las Vegas market
2020 is likely to be a promising growth year! Will this be the year we break the record for median home pricing?... Read the full article below: https://vegasinc.lasvegassun.com/business/real-estate/2020/feb/07/realtors-group-president-strong-2020-las-vegas/
Mortgage Rates Hit 3-Year Low in U.S.
Because home purchase demand will continue to rise over the next few months..NOW IS THE TIME TO INVEST!!! Please click the link below to read more about it: https://www.worldpropertyjournal.com/real-estate-news/united-states/washington-dc-real-estate-news/freddie-mac-primary-mortgage-market-survey-february-2020-sam-khater-real-estate-news-lowest-mortgage-rates-2020-mortgage-rates-11814.php
Greater Las Vegas Home Prices, Sales Both Uptick in Early 2020
What a way to start the year! Local housing market kicked off the new decade with home prices and sales increase... Please click the link below to read more about it: https://www.worldpropertyjournal.com/real-estate-news/united-states/las-vegas/real-estate-news-greater-las-vegas-association-of-realtors-glvar-housing-data-las-vegas-home-sales-report-new-homes-for-sale-in-las-vegas-11798.php
Airbnb stays up 19% last year in Clark County
As we have started Airbnb Property Management on our team, its' clear its becoming a more popular option for homeowners. It remains illegal in much of Clark County (restricted heavily in the city of Las Vegas).