Nevada’s job base expanded 3.6% year over year this February. This was second in the nation only to North Dakota which is experiencing an oil and gas boom that has spurred their economic expansion. Experts are saying that these numbers continue to show that Nevada is recovering nicely from the recession. Employers are continuing to […]
Nevada Housing Market Continues to Stabilize
Nevada’s housing market continued to show signs of stabilization in January. One of the major signs of that stability is that big institutional investor buying has slowed down to just 6.5% of sales. This is down from 10.7% a year ago. Short sales also slowed down to 13.4% from 22.9% a year ago. Closer to […]
2013 Excellent Year for Local Home Builders
Home builders in Southern Nevada sold 7,303 new homes in 2013. This was up 32% from 2012. Builders also pulled 6,952 new-home permits in 2013, which is up 18% from the year before. This is a good sign for more construction to come. Last month, new homes in the Valley sold for a median price […]
January 2014 Las Vegas Market Update
January saw the continuation of keen interest in Las Vegas area real estate. Prices are remaining fairly stable; they are still increasing but not at the break-neck pace we saw over the last year or so. The number of listings offered on the market has increased dramatically as home owners see their equity increasing with […]
The German Approach to the Housing Market
No one would probably argue with the statement that Germany has one of the strongest economies in the world. Did it achieve this by restricting government influence on the economy? The answer to this question is no. The German government from federal down to municipalities is constantly involved in managing the economy and this includes […]
Legislative Update On Mortgage Relief Act
Recently my broker invited the lobbyist for the Nevada Association of Realtors to speak at our office. He had just returned from Washington, D.C. and one of the topics he discussed was the status of the extension of the Mortgage Relief Act, originally enacted in 2007 by President Bush, and extended twice since, which expired […]
New Military Designation
The National Association of Realtors recently introduced a new designation, “Military Relocation Professional”. When I saw this new accreditation I was very excited to pursue it as a large percentage of my clients are retired or currently serving Military. The class was first offered in our area on January 30th so I signed right up […]
Las Vegas Area Real Estate Market Review 2013
There is no doubt about it; 2013 was a turnaround year for the Las Vegas real estate market! January started with a proverbial bang, with the number of homes sold increasing dramatically from the past. It seemed like everyone suddenly wanted a piece of the market, and prices, which had been fairly flat for the […]
Vegas Valley Home Prices Up For 2013
The Greater Las Vegas Association of Realtors reported that single family resale homes were at a median price of $185,000 in December. That is up 24.2% from $149,000 in December 2012. The median price for condos and town homes was also up from last year. They rose 26.3% to end the year at $96,000. Much […]
Las Vegas Valley Home Lots Are Getting Larger
The Las Vegas Valley has always been known to have some of the smallest lot sizes in the country. That may be beginning to change. With land prices down significantly from what they used to be, we will no longer be seeing a large amount of those 3 story homes stacked side by side. In […]
