Monthly Archives: May 2016

Las Vegas Real Estate Market Report: 05/25/16

This is the latest Las Vegas Real Estate Market Report for the week, data is obtained from the Greater Las Vegas Association of Realtors MLS. Single Family Residence (SFR) Available – 7,031 (+27, Last Week 7,004) Under Contract – 6,311 … Continue reading

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New & Existing Home Sales Climb

Some Highlights: Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year. Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory. The median price of new homes is up 12% … Continue reading

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Renting vs. Buying: What Does it Really Cost?

Some Highlights: The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent. Buying costs are significantly less than renting costs. The percentage of income needed to afford … Continue reading

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Are Foreclosures Increasing or Decreasing?

Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking … Continue reading

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Housing Market Snapshot

  Some Highlights: Home sales are up 1.5% year-over-year and 5.1% month-over-month. Demand is still much higher than the available housing inventory which declined 2.2% from March 2015. This is the 49th consecutive month with year-0ver-year price gains.

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Mortgage Rates Remain at Historic Lows

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). This is great news for homebuyers who are … Continue reading

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April Stats

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