Typically, 5-6% of the home's sale price is split between buyer's and seller's agents. Traditionally, the seller pays both agents from the sale proceeds, not out-of-pocket for the buyer....
A new study by the Harvard Joint Center on Housing Studies reveals that homeownership is becoming more difficult, with a 47% increase in median home prices since 2020 compared to a 20% rise in median income. Clark County now requires a household income of $143,000 to afford a median-priced home of over $460,000. In Los Angeles, an income of over $250,000 is needed to afford a median home price of...
Acceptance of stable interest rates drives homebuying trends in 2024. Waiting for lower rates may mean renters are building equity for landlords....
Living wage for a family of four: $95,755 Ranked 35th least expensive state for families....
Clark County is focusing on enforcing short-term rental regulations, with 289 citations issued so far in 2024 compared to 348 in 2023. Homeowners are frustrated with the lengthy licensing process, leading some to continue renting without a license. Airbnb plans to crack down on potential party homes by using an automated reservation assessment process. Continue to full article...
To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where people have a...
Build equity and wealth: Owning a home allows you to build equity with each mortgage payment, investing in your future instead of a landlord's.Stability and customization: Owning a home provides stability and the freedom to personalize and improve your living space to your taste....
Effective Tax Rate: 0.48% Average Home Value: $559,185...
In May, home prices in Las Vegas fell slightly, with a median listing price slightly above the national average. The number of listings increased by 2%, homes are selling faster than last year. Price per square foot remained unchanged. Las Vegas prices lag behind the national market. Continue to full article...
Property values are surging in Mountain West states due to migration, leading to higher property tax bills. States are exploring different approaches, including targeted relief for specific groups, property tax caps, and increasing other revenue sources....