The best time to list a home is spring or summer, especially May, with Thursday being ideal for listing. Fix safety issues and enhance curb appeal with low-cost updates like painting and new fixtures. Avoid expensive renovations. Price your home based on size, condition, and local market trends, using recent comparable sales as a guide. Monitoring interest rates and local market conditions is crucial for...
Expect a slight price drop through 2025, with a small decline of about 0.4% from May 2025 to May 2026. A rebound may come in 2026 as mortgage rates ease and buyer demand grows. Population growth and new projects will support long-term housing demand. Watch for risks like rising insurance costs and possible overbuilding in some areas....
The U.S. housing market is slowing nationwide as builders cut prices and buyers hesitate amid high mortgage rates averaging 6.58%. Over 25% of sellers reduced asking prices in June, with builder confidence and buyer traffic at historic lows. Home sales are dropping in key states, and economic uncertainty is causing buyers to delay purchases. Without significant rate relief, sellers must lower...
Median single-family price: $485,000 in July, matching record high and ↑1% YoY. Inventory surge: single-family ↑54%, condos/townhomes ↑77% vs. last year. Home sales ↓5.8% (single-family), ↓11.6% (condos/townhomes) YoY; 2,568 properties sold in July. Market cooling: nearly 4-month supply now, up from just over 2 months last year. Condo/townhome median:...
As summer ends, the housing market faces mixed signals: shelter costs rose 3.7% year-over-year, while market rents fell 2.5%, indicating a lag in inflation relief. Mortgage rates dropped to 6.58%, but most homeowners have rates below 6%, limiting turnover. Home prices remain steady nationally, with rising listings and inventory. Luxury markets like Las Vegas see increased high-end listings and price...
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...
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...