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Confidence Rising in Southern Nevada Housing Market

Confidence Rising in Southern Nevada Housing Market

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. Read More »


HOA Foreclosures Reduce Nevada Home Values by $1 Billion

HOA Foreclosures Reduce Nevada Home Values by $1 Billion

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. Read More »

Fixed Mortgage Rates in U.S. Hits New 2017 Low

Fixed Mortgage Rates in U.S. Hits New 2017 Low

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. Read More »

New Home Mortgage Applications in U.S. Up 15 Percent Annually

New Home Mortgage Applications in U.S. Up 15 Percent Annually

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. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated July 18, 2017 8:00 AM ET

Las Vegas Property News

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).

The prospect of increased U.S. economic growth combined with less regulation, means that investor sentiment for commercial real estate investment is marginally more positive than last year.

According to the Greater Las Vegas Association of Realtors, Southern Nevada home prices and sales continued to increase despite a shrinking housing supply.

Excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008.

According to the National Association of Realtors, existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels.

U.S. commercial real estate executives are especially bullish on industrial, infrastructure and multi-family asset classes in 2017.

The outlook in 2017 for U.S. commercial real estate capital markets continues to be favorable.


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