New report predicts strong Las Vegas housing market

Las Vegas was listed as one of 10 U.S. markets expected to show strength during the next three to five years.

Local home prices are trending up.

The median price for a home sold in Southern Nevada in June was $304,000, up just slightly from May, according to a report released today by the Greater Las Vegas Association of Realtors.

The average sale price of single-family homes in Southern Nevada was an even $300,000 in September, which marks the highest transaction amount since June 2006 when it peaked at $315,000, according to the Greater Las Vegas Association of Realtors.

Summerlin is No. 4 best-selling master-planned community in U.S.

Summerlin ended 2017 as the fourth best-selling master-planned community in the nation, according to RCLCO, a real estate consulting company that has been ranking communities since 1994.

Christmas came early for the local real-estate community with news that housing resale prices edged upward in November, defying the usual trend for the holiday season.

David Copperfield now has an asset he probably won’t saw in half or levitate or make disappear, although he might disappear into it.

The Las Vegas mansion where pop icon Michael Jackson once lived is up for sale for $9.5 million. The 1.7-acre compound with seven bedrooms and 12 full bathrooms is at 2710 Palomino Lane, near Rancho and Alta drives.

Some home owners may be having some Irish luck and finding a big pot of home equity. And, Las Vegas may have the luckiest home owners of all. Home shoppers who purchased a home in the Las Vegas metro area in January 2012 may have seen their home value increase a whopping 75 percent, on average.

Days after Henderson popped up on a similar list, Las Vegas has made Penske Truck Rental's annual list of the top moving destinations in the U.S.

Former boxing champ Mike Tyson recently bought a two-story, 8,149-square-foot mansion in the Seven Hills area of Henderson for $2.5 million, just down the block from his old house.

House flippers aren't giving up on Las Vegas, even though profits are sliding here and rising elsewhere, a new report shows.

In a survey of 14 countries, the United States emerged on top as the hottest market for global residential property, according to real estate advisors Savills.

Homebuilders broke ground on new homes at the fastest pace in about eight years, according to statistics released by the Commerce Department Tuesday.

Las Vegas builders continue selling more homes than last year in a “slow, stable” uptick in activity, according to a new report.

Investors are buying homes as often in Las Vegas as they are nationally, a new report shows, a stark change from recent years when local deals far outpaced the national average.

How Do Foreign Buyers Decide on a U.S. Location for a Home Purchase?

Foreign buyers purchase U.S. residential existing-home properties for a variety of reasons—for example, vacation, investment, asset diversification, and residential use.  How do they decide where to buy?

Mortgage Rates Stay Low Heading Into Spring

The 30-year fixed-rate mortgage continues to average below 4 percent – a positive sign launching into the spring home-buying season, Freddie Mac reports

in its weekly mortgage market survey. Average fixed-rate mortgages moved down across the board this week.

Home Prices Heat Up for Spring

Home prices are on the move this spring, as many markets inch closer to prices they haven't reached since the peak during the housing boom. Twenty-six states as well as the District of Columbia were at or within 10 percent of their peak home prices, according to the February 2015...

Bounce in Las Vegas home sales might signal listings at ‘more realistic prices’

Home prices in the Las Vegas area are up 7.3 percent from a month ago and nearly 31 percent from last year as supply stays short. Officials with the Greater Las Vegas Association of Realtors said Tuesday that the median price for a single-family home sold in March was $161,000, up from $150,000 in February.

Foreclosures are taking longer to complete, according to new data from RealtyTrac's March 2015 Foreclosure Market Report. Properties in the foreclosure process took an average of 620 days until the foreclosure was completed during the first quarter, up from 604 days in the previous quarter and from 572 days in the first quarter of 2014.

The Realtor Magazine

 

The Official Magazine for the National Association of REALTORS, covering real estate trends, real estate news and data.

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© 2009-2021 by Viktoriya Panova. All information provided is deemed reliable but is not guaranteed. All rights reserved.

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