Finding a new home involves several steps, with closing being the final one. The closing process starts after signing a purchase agreement and making an earnest money deposit, typically occurring 30 to 45 days later. Key steps include funding, title search, title insurance, home appraisal, home inspection, homeowners insurance, final walkthrough, and the closing meeting. During closing, important...
Slide 1: Las Vegas inventory exploded 65.7%—buyers finally hold the power. Slide 2: Vegas flips from seller’s paradise to a true buyer’s market. Slide 3: Sellers compete harder than ever, giving buyers better leverage. Slide 4: Price corrections are cooling the market after years of heat. Slide 5: NAR projects rates to stabilize near 6% in 2025; strategic...
Slide 1: Las Vegas inventory exploded 65.7%—buyers finally hold the power. Slide 2: Vegas flips from seller’s paradise to a true buyer’s market. Slide 3: Sellers compete harder than ever, giving buyers better leverage. Slide 4: Price corrections are cooling the market after years of heat. Slide 5: NAR projects rates to stabilize near 6% in 2025; strategic...
Henderson ranks 5th among large cities with a score of 65.38, reflecting a strong Real Estate market. The city benefits from consistent population growth and strong housing demand. A relatively modern housing stock helps attract buyers. While affordability is challenged by rising prices, utility and living costs are stable. Henderson’s balance of growth...
The median price for single-family homes in Southern Nevada was $480,000 in August, up 0.7% from last year but below the peak of $485,000. Condos and townhomes had a median price of $298,000, up 2.1% but below the $315,000 record. Listings without offers rose significantly, with homes up 36.8% and condos/townhomes up 56.1%. Sales declined over 14%, and housing supply increased to over four...
Las Vegas Valley faces a shortage of about 58,100 homes, contributing to high prices and limited workforce mobility. A report suggests a four-pronged solution: allowing smaller lot sizes for townhomes and condos, splitting existing lots, rezoning commercial land for residential use, and opening more public land for housing. These measures could add thousands of homes and help address the housing crisis...
Slide 1 🏠 Mortgage defaults are spiking in key Las Vegas zip codes. Slide 2 ⚠️ Defaults jumped 28% in a year, with March setting a record-breaking high....
Securing a lower mortgage rate depends on factors like credit score, down payment size, employment history, and debt-to-income ratio. To improve your chances, focus on enhancing your credit score by making timely payments, reducing debt, and maintaining a low credit utilization ratio. Save for a substantial down payment, build a consistent employment history, and maintain a positive debt-to-income ratio....
Slide 1: Mortgage defaults spike in Las Vegas, hitting east 89121 and historic west 89108. Slide 2: Nearly 25% of all 2022–2025 defaults happened just in early 2025. Slide 3: March set a record with 235 mortgage default notices in one month. Slide 4: Rising living costs and softening wages push homeowners closer to financial risk. Slide 5: New...
New homes are currently selling at a discount to existing homes, a rare trend not seen in 25 years. In June, new homes were priced about 6.5% lower than existing ones, partly due to builders offering incentives and smaller floor plans. This inversion is driven by builders' motivation to sell amid high inventory, while existing home sellers remain reluctant to lower prices. This raises questions...