Mortgages

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 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 3, 2022

What You Need To Know if You’re Thinking About Building a Home

 

Picture of a Framed Home looking Up from the floor.

If you’re ready to move up, you may be trying to decide whether you want to buy a home that's already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either avenue. While ...

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May 1, 2022

Is Las Vegas Real Estate Over Priced?

 

A house inside a bubble on a wand.

Everywhere you look nationwide home prices are increasing month over month. The end doesn't seem to be in sight with inventory shortages and a never-ending supply of would-be buyers. This leaves many wondering, is there a real estate bubble? Is Las Vegas Real Estate overpriced? Is it worth ...

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April 1, 2022

Navigating Multiple Offers | Las Vegas Real Estate

 

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a ...

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April 1, 2022

Where will Mortgage Rates Go From Here?

 

15 wood square blocks, 1 with a questions mark.

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual ...

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Jan. 22, 2022

Las Vegas Housing Market Struggles to Keep up with Demand Keep up with Demand

 

Monopoly Man and board, Sorry not for sale
by Valerie M. Brown, Realtor at Realty Edge

The Las Vegas real estate market is struggling to keep up with demand due to a lack of inventory. The shortage in inventory has led to higher prices in homes, and rentals, and led to many bidding wars leaving sellers happy ...

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