Las Vegas Real Estate News
Las Vegas
Much of the World's Housing Market in a Price Bubble in 2021
International property broker Knight Frank's latest Global House Price Index is reporting that urban house prices worldwide are rising at their fastest rate since 2007 and of the 150 cities they track, 43 are now registering annual price growth above 10%.
U.S. Mortgage Loans in Forbearance Dips to 3.87 Percent
Based on the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of U.S. loans now in forbearance decreased by 4 basis points from 3.91% of servicers' portfolio volume in the prior week to 3.87% as of June 27, 2021.
Las Vegas Home Prices Up a Staggering 21.5 Percent Annually in June
Las Vegas Realtors are reporting this week that the median price of existing single-family homes sold in Southern Nevada during June 2021 was $395,000. That tops the all-time record set in May by $10,000. June's median home price is up 21.5% from $325,000 one year ago.
Las Vegas Area Home Prices Set New Record in May
Las Vegas Realtors are reporting this week that the median price of existing single-family homes sold in Southern Nevada during May 2021 was $385,000. That tops the all-time record set in April. May's median home price is up 22.2% from $315,000 one year ago.
