Strong Buyer Demand Pushing Real Estate Prices and Pace

  Our Las Vegas Real Estate Market is "Off and Running" here in 2018
According to recently release from the National Association of Realtors, the median amount of time a home spends on the market has hit an all time low of 3 weeks.

Buyer demand, a Strong local economy, and a low inventory of new and existing homes for sale has created the perfect storm and speed up the time from Listed to Sold.

 Considering Selling... Now might be an Awesome Time.
Most Sellers spend months keeping their homes looking Clean and Shiny to impress Buyers.
Sellers today are done in a couple of weeks.

New Tax Law to Affect less than 2% of Clark County Households

There has been a lot of talk about the New Tax Laws.

This being a Las Vegas Real Estate Blog, 

we will look specifically at how this will affect Clark County Home Owners.

The new law affects the deductibility of mortgage interest and real estate taxes:

- New mortgages are capped at $750,000 for purposes of home mortgage interest deduction, down from $1 million today.
- State and local tax deductions remain in place, but are capped at $10,000 for state and local sales, income and property taxes.
NAR conducted an analysis to identify which metro areas will be most affected by the above provisions. For each metro area, we calculated the share of homes with mortgages that are worth over $750,000 and share of owners who paid more than $10,000 for real estate taxes. The map below shows how many homeowners will be impacted by the new tax law for 382 metro areas. (the darker the color, the higher the impact is)

In The Clark County Metropolitan Are:

The New Mortgage Interest Deduction Law will Affect less than 2% of Home Owners.

 The New State and Local Deduction Law will Affect less than 1% of Home Owners.

Click HERE to use Interactive Map