Nevada will enact the Uniform Mortgage Modification Act (UMMA) on October 1, 2025, providing clear legal standards for mortgage modifications, especially regarding lien priority. The UMMA offers safe harbors for common modifications, ensuring lien priority is preserved without recording requirements. This reduces transaction costs and legal uncertainty, encouraging beneficial loan modifications and...
2025
The Las Vegas housing market in 2025 shows resilience with a 2.1% year-over-year median home price increase to $485,000 despite a 7% sales decline and a 70% rise in inventory. New construction prices hit record highs, but sales and permits drop. Forecasts predict a slight price dip in 2025, followed by potential growth in 2026. Las Vegas's growing population, diversified economy, and major...
Vegas prices slightly down 0.4%—market mostly stable. Median home at $454K—Vegas lifestyle still a draw. Cash-out refis show locals leveraging home equity smartly. Buyers wait for lower rates, keeping market cautious. Timing matters—opportunities exist if you watch mortgage trends....
Las Vegas Valley Real Estate market is slowing due to reduced buyer demand and high mortgage rates. Pending home sales in the area have dropped, indicating a weaker-than-usual homebuying season. Active listings have surged, giving buyers more choices in the Las Vegas Real Estate market. Home prices remain elevated, but growth has slowed as demand continues...
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals on Labor...
Some states tax Social Security withdrawals, but 39 states plus Washington, D.C., do not. Top tax-friendly states for retirees include Alaska, Wyoming, Delaware, New Hampshire, Nevada, Florida, South Dakota, and North Dakota. These states generally have no tax on Social Security and low or no income tax, though property and sales taxes vary. Retirees should consider overall tax burden and cost of living...
This city dominates new home sales with nearly a third of the market share! Growth is slowing as prime building spots start wrapping up soon....
Over 40 million tourists hit Vegas yearly — not all crash in hotel rooms. Vegas has 13,000+ short-term rentals, but only about 7% are legally licensed. Around 40% are owner-occupied — locals renting out a spare bedroom for extra income. Out of thousands of applications, just 174 STR licenses were approved near the Strip. Many guests pick STRs for group...
Preparing financially before buying a home is crucial. Upfront costs include the down payment, which can be as low as 3-5% depending on the loan type, plus inspections, appraisal, and closing costs. Savings should cover these and monthly mortgage payments. Review your budget and calculate your debt-to-income ratio to ensure affordability. Maintain a good credit score by avoiding new credit and checking...
Here’s a quick update on the Las Vegas real estate market. Homes are selling at a steady pace, with fewer properties changing hands. The number of homes available and sold remains consistent with recent trends....