ECONOMY

July 4, 2023

Before you Buy a Condo

Modern Condo Building

Before You Buy a Condo, Consider All the Fees and Rules

If a single-family house isn’t in your budget, you might be thinking about purchasing a condominium. The monthly mortgage payments for a condo are often lower than those for a house, but owners of condominiums must pay additional fees ...

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May 16, 2023

Volcker Hike in 81 & Real Estate Got Done

1980s housing

What can we learn from the past? Volcker Hike in 81 & Real Estate Got Done, but it was no fun.  What does 2023 and beyond hold?

“History Doesn't Repeat Itself, but It Often Rhymes" - Mark Twain

The housing market is currently facing significant challenges, with rising mortgage ...

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April 4, 2023

Las Vegas Real Estate Market Starts to Warm Up, Despite Continued Fed Rate Hikes and Market Uncertainty.

chart, list price and days to sell

Las Vegas Chart 2018 to 2023

As the Las Vegas real estate market continues to see fluctuations, home buyers and sellers are on the edge of their seats, watching the latest stats and trends with anticipation. According to recent data, the market has seen a significant decline since June 2022 ...

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May 27, 2022

Mortgage Rates Push Buyers off the Fence

 

Why Rising Mortgage Rates Push Buyers off the Fence | MyKCM

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.

Today, buyers are reacting ...

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May 15, 2022

Foreclosure Numbers Are Up, What Does it Mean?

 

Two people talking on a home porch with coffee

While you may have seen recent stories about the volume of foreclosures recently, context is important. Nationwide one in every 4,580 housing units had a foreclosure filing in April 2022.

States with the highest foreclosure rates were Illinois (One in every 2,241 housing units with a foreclosure ...

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May 14, 2022

Should You Update Your House Before Selling?



Some Highlights

  • If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide.
  • In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves.
  • If you’re thinking about selling your ...
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May 10, 2022

Rents are rising! See how much prices are up in Las Vegas!

Rents are Rising Chart

 

Check out this handy tool from the Washington Post, where you can check how high rents have increased since 2019. In Clark County, Nevada rents are up 28.5%. Based on multifamily rentals in counties with at least 1,000 units. 

Avoiding the Rental Trap in 2022

The ...

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May 7, 2022

Is More Inventory On the Way in Las Vegas?

house in a shopping Cart & Alarm Clock

Are more homes coming to the market in 2022? Is the Real Estate Shift happening now? 

According to a Realtor.com report, About 64% of prospective home sellers plan to list their properties by the end of August 2022. Of these tentatively planned sales, a sizable 43% of those ...

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May 6, 2022

2022 Housing Market Forecast


Some Highlights

  • In Las Vegas the pandemic affected the way America looks at housing choices.  Las Vegas and other cities greatly benefited from the migration trends, mostly from California migrants.  
  • Las Vegas is in its infancy of becoming a Sports Mecca, and enjoying quite the economic boom as ...
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May 4, 2022

Las Vegas Bans Ornamental Grass

A deep look into the law banning ornamental grass. 

They are banning Ornamental Grass, you heard it correctly.  Does it sound a bit extreme? On the surface sure and it may be extraordinary, but hard times call for tough measures to be taken.

If you are new to ...

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