Las Vegas valley home prices remain at record highs, with the median price for a single-family home at $485,000 and condos or townhomes at $306,495 in March. Buyers are enjoying a larger inventory and lower interest rates, while sellers benefit from the area's popularity as a relocation destination. However, there is growing uncertainty regarding the impact of new tariff policies on building supply...
Real Estate
The median sales price of single-family homes in Las Vegas hit $485K in February, matching an all-time high. Home prices ↑ 5.4% yearly, continuing the region’s upward trend....
Falling Inflation Rate: Inflation fell from 3.5% in March to 3.3% in May. Impact on Mortgage Rates: Lower inflation could lead to falling mortgage rates....
New rules starting in Early-Q3 require buyers to pay their agent's commission instead of the seller. The settlement might not significantly change overall costs but shift commission payments between parties....
Nevada offers various mortgage lenders, including banks and online options, making it essential for homeowners to find affordable locations and competitive mortgage rates. Las Vegas, with a median home value of $258,600, has a diverse population and a low property tax rate of 0.72%. Paradise and Henderson also feature higher home values but maintain the same tax rate. Reno, known for outdoor activities,...
Before moving into your new home, change all exterior locks and garage codes. Consider a thorough cleaning, set up utility accounts, and update your address with the post office. Ensure all detectors are working and locate important controls. Once settled, establish routines and explore the neighborhood. The FHA's 203(k) program now allows borrowers to include repair costs in their mortgage, with...
Analysts predict rate cuts, potentially down to 1.75%-2% by end of 2026. Expected economic conditions in 2024: Cooling inflation and slight increase in unemployment....
High inflation puts a strain on household budgets, so the Fed uses rate hikes to slow down spending and cool the economy.Recent data suggests inflation might be easing, prompting the Fed to consider lowering rates later in 2024....
AI platforms are increasingly being used to connect potential buyers with off-market property listings.AI predicts potential home sales by analyzing detailed data on homeowner habits and property characteristics....
Economists expected Fed rate cuts in early 2024, but high inflation data changed the outlook. Debate centers on when (or if) the Fed will lower rates: later this year or not at all....