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 Las Vegas Home Prices Level Off in August

Las Vegas Home Prices Level Off in August

According to the Greater Las Vegas Association of Realtors, local Las Vegas home sales continued to rise while home prices started to level off in August 2017. The median price of existing single-family homes sold during August through its Multiple Listing Service (MLS) was $260,000 Read More »


346 New $1 Million Neighborhoods Formed in U.S. Since 2014

346 New $1 Million Neighborhoods Formed in U.S. Since 2014

According to Zillow, nearly one in 20 residential ZIP codes in the U.S. meets the definition of a $1 Million Neighborhood, meaning at least 10 percent of the homes there are worth seven figures or more. Read More »

Single Family Housing Starts in U.S. Dip 5 Percent in July

Single Family Housing Starts in U.S. Dip 5 Percent in July

According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million units. Read More »

Housing Affordability Ticks Lower in Q2

Housing Affordability Ticks Lower in Q2

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week, rising U.S. home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017. Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated September 6, 2017 8:00 AM ET

Las Vegas Property News

According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.

An increasingly hot local Las Vegas housing market showed no signs of cooling off in July 2017, with home prices and sales continuing to rise while the housing supply keeps shrinking.

Local Realtors continue to gain confidence in the Southern Nevada housing market, with more than nine out of 10 expecting local home prices to keep going up in the next year.

According to a new report from the Nevada Association of Realtor, foreclosures by local homeowner associations have reduced property values in the state's two most populated counties by more than $1 billion.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. dropped to a new 2017 low in late June.

Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.

The Greater Las Vegas Association of Realtors (GLVAR) reported this week that despite a shrinking housing supply, local home prices and sales continued to rise in May 2017.

Renters are starting to look for cheaper housing options outside downtown cores, prompting rent payments to rise faster in the suburbs than in urban areas.

According to Zillow, first-time homebuyers in the U.S. will have better luck in the Southeast if they are looking for a more affordable home.

In April, local home prices in the greater Las Vegas area continued to climb amid what leaders of the Greater Las Vegas Association of Realtors (GLVAR) are now calling a housing shortage.

According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average U.S. mortgage rate rose for the first time in five weeks in late April 2017.

U.S. homebuilder confidence dipped three points in April 2017 to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index,

Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

Mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month.

According to ATTOM Data Solutions' Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and in 102 out of 216 metropolitan statistical areas (47 percent) analyzed in the report.

According to Freddie Mac, more U.S. home renters are optimistic about their financial situations and expect to stay where they are even if their rents increased.

According to the Greater Las Vegas Association of Realtors, the recent trend of rising home prices and sales in Southern Nevada continued through March 2017.

The NAHB is reporting this week that U.S. home builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).


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