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Las Vegas Enjoys Record Home Prices Despite Coronavirus Outbreak

Las Vegas Enjoys Record Home Prices Despite Coronavirus Outbreak

Local Southern Nevada area home prices broke their all-time record in June 2020, despite the coronavirus pandemic and economic downturn. Read More »


San Francisco, Detroit Top List of U.S. Cities Black Homebuyers More Likely Denied a Mortgage

San Francisco, Detroit Top List of U.S. Cities Black Homebuyers More Likely Denied a Mortgage

15.9% of Black Americans who apply for mortgages are rejected nationwide, compared with just 7% of white Americans. Read More »

Total Commercial, Multifamily Mortgage Debt in U.S. Rises to $3.72 Trillion in Early 2020

Total Commercial, Multifamily Mortgage Debt in U.S. Rises to $3.72 Trillion in Early 2020

The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020. Read More »

Record-setting 27 Percent of U.S. Homebuyers Look to Relocate to Affordable, Less Dense Cities Post COVID-19

Record-setting 27 Percent of U.S. Homebuyers Look to Relocate to Affordable, Less Dense Cities Post COVID-19

Redfin is reporting that a record 27% of home searchers looked to move to another U.S. metro area in April and May 2020. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated July 7, 2020 9:00 AM ET

Las Vegas Property News

According to Redfin, the impact of coronavirus shutdowns on homebuyer demand has been short and muted.

The total number of U.S. mortgage loans now in forbearance decreased - for the first time since the survey's inception in March 2020.

Commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of the first quarter of 2020.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 12, 2020, U.S. mortgage applications increased 8.0 percent from one week earlier.

In a sign that U.S. housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June 2020. Any reading above 50 indicates a positive market.

U.S. homeowners with mortgages have seen their equity increase by 6.5% year over year, representing a gain of $590 billion since Q1 2019.

This week NAIOP, the Commercial Real Estate Development Association, released its best practices for the safe return to the workplace in the wake of the COVID-19 nationwide shutdown.

Las Vegas Realtors are reporting this week that local home prices held their ground fairly well amid the coronavirus pandemic and economic downturn, though fewer homes are selling.

COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation--residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas.

Home rental prices slowed more than they had in at least five years when the coronavirus pandemic hit. But the for-sale market continues to heat up after a slower early April.

After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation's hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022.

45 percent of the zones saw median home prices rise by more than the national increase of 11.3 percent from the first quarter of 2019 to the first quarter of 2020.

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020.

U.S. loans now in forbearance increased from 7.54% of servicers' portfolio volume in the prior week to 7.91% as of May 3, 2020, almost 4 million homeowners are now in forbearance plans.

The Las Vegas Realtors is reporting this week the local Southern Nevada housing market feeling the effects of the worldwide pandemic and economic downturn.

A national rent increase of 3.3% year over year in February (just before the COVID-19 outbreak in the US ramped up), up slightly from a 3% year-over-year increase in February 2019.

Total U.S. housing starts decreased 22.3 percent in March 2020 from a downwardly revised February reading to a seasonally adjusted annual rate of 1.22 million units.


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