Nevada Housing Market Update for September 2021 Summary of Findings The Las Vegas metropolitan area and Laughlin saw the most robust growth in single-family home prices of any major region in Nevada as prices increased 19.6 percent year over year in both regions.  Mesquite saw the lowest gains in prices as prices increased 1.6 percent year over year. All regions within the Las Vegas metropolitan area saw existing home prices increase at least 9 percent year over year. Summerlin saw the largest year-over-year increase in existing single-family home prices as prices increased 26.2 percent y ..read more

Nevada Housing Market Update for August 2021 The Nevada Housing Market Update for August 2021, presented by LasVegasRealEstate.com and published by The Lied Center for Real Estate at the UNLV Lee Business School. LasVegasRealEstate.com is pleased to offer the report summary here as well as a link to the entire report. Nevada Housing Market Update – August 2021 – Summary of Findings The Las Vegas and Laughlin metropolitan areas saw a large increase in single-family home prices as prices increased about 21 percent year over year. Prices increased 5.2% year over year in Mesquite, NV.  All ..read more

As the Las Vegas real estate market shakes off the effects of COVID-19 it faces a housing inventory crunch.  The data is nothing short of amazing as inventory plummets and prices begin to rise.  The information below tracks the last six months of inventory, % change year-over-year, units sold, and days-on-market for single-family homes, condos, and townhomes. It’s a total seller market in Las Vegas!  Here’s the data. Single-Family Homes Month # Listed % Change Year-Over-Year Median Price % Change Year-Over-Year # Sold % Change Year-Over-Year DOM % Change Year-Over-Year Se ..read more

Not a lot of people have the financial means to buy a home in cash, and many actually rely on home loans. That’s all well and good, but the mortgage market is flooded with lenders who all seem to offer the “best rate,” and if you’re not careful enough to look out for mortgage mistakes to avoid, you can end up in a difficult financial situation. First-time home buyers, in particular, are often carried away in the excitement of owning their first home that they often miss critical decisions that could help down the line. Below are four mortgage mistakes that new home buyers are likely to make—an ..read more

It isn’t unusual for first-time home buyers to get lost in the process of purchasing their first home, especially once you consider the numerous documents they have to handle and the several steps they have to take. Hence, if you’re planning to finally get that dream home, it’s best to familiarize yourself with the home buying basics and consider getting a professional who can be your guide to buying your first home. Below are the steps that home buyers generally follow when securing their first  property. There could be variations, of course, and these will largely depend on the real est ..read more

First-time home buyers are often carried away in the excitement of owning their home that they usually fail to pay enough attention to the home closing process. It isn’t a surprise too; at this stage, home buyers are probably busy with several tasks, such as arranging a move, packing things, or even settling matters at work especially if the new location takes them farther from the office. Although closing is the last step when purchasing a home, a lot of things still have to be done, the majority of which is transferring funds and exchanging essential documents. Below are some things you need ..read more

Aside from choosing where to live, first-time homebuyers must also decide what type of home they’ll go for. Real estate types range from simple condominium units to elaborate townhouses, and since the Las Vegas housing market is flooded with properties up for sale, it’s best to decide on the housing type first so that you can narrow down the options available to you. To find the most suitable home, you must consider factors like your home buying budget, lifestyle, and location. More importantly though, do you plan to get married or have a family soon? Having a family means you need more space ..read more

A fireplace is such a joy in any home, especially during the cold months when everyone seems to bundle up and huddle by the fireplace for a nice, comfortable warmth. However, fireplaces can damage your home and cause health hazards if poorly maintained, and this reality makes fireplace safety an important subject that homeowners would do well to look into. Luckily, keeping your fireplace in a good working condition isn’t difficult to do. There are actually minor tasks and changes that you can adopt which will help keep your fireplace a safe and healthy feature of your home. Fireplace Safety: 6 ..read more

Nevada Housing Market Update for August 2020, presented by LasVegasRealEstate.com and published by The Lied Center for Real Estate at The University of Nevada Las Vegas. LasVegasRealEstate.com is pleased to offer the report summary here as well as a link to the entire report. Nevada Housing Market Update – August 2020 – Summary of Findings Laughlin and Mesquite both saw increases in single-family home prices greater than 10 percent. The Las Vegas metropolitan area saw an increase of 5 percent. Nearly all regions within the Las Vegas metropolitan area experienced year over year increases in exi ..read more

Nevada Housing Market Update – July 2020 The Nevada Housing Market Update – July 2020 has just been published by The Lied Center for Real Estate at The University of Nevada Las Vegas. LasVegasRealEstate.com is pleased to offer the report summary here as well as a link to the entire report. Nevada Housing Market Update – July 2020 – Summary of Findings For the second month in a row, Laughlin saw the most robust growth in single-family home prices of any major region in Nevada this month as prices increased 8.9 percent year over year. Mesquite saw the next largest increase as prices in ..read more