Education - Income - Home Values

  Realtor.com & Payscale put together this data showing 

the average home price graduates with specific college degrees could afford.

Being a father of a high school senior, this is very interesting to me.

Ironically, as important as an education is, 

people working in the education field tend to be near the bottom of the list.

For the complete article and a detailed list of 300+ College Majors,

Click Here

Cash Buyers - "The Smart Money", still likes Nevada

One of the Big Problems when we had during the Housing Crisis was that 

Buyers didn't have have enough "Skin in the Game".

Buyers were putting 5% down and hoping values would continue to Rise.

Now "The Smart Money" puts 100% down.

These are the Cash Buyers.

In Nevada over 1/3 of all transactions are Cash Buyers.

In my opinion, a Good sign of a Strong Market.

 

Tourism is Pushing Las Vegas's Real Estate Market

 Las Vegas is a Tourism driven Town.

The Improving National Economy is having a positive affect on Tourism.

Below are some statistics the Vegas Convention and Visitors Authority.

 

 For more information click this link

http://www.lvcva.com/stats-and-facts/visitor-statistics/

2015 US Housing Stats and Trends

 

Nearly a decade removed from the onset of the recession, the U.S. real estate market has made significant strides. The recovery has gained momentum, and markets across the country are starting to show signs of life. Highlighted by historical appreciation rates, increased home sales, and a reduction in distressed properties, 2015 real estate trends suggests that the market is primed to fire on all cylinders. The following is just a small example of what we have seen up to this point:

• A 10.4% increase in total existing-home sales.
• A 5.7% increase in the median price.
• A reduction in distressed sales, with foreclosures and short sales dropping from 14% of all home sales to just 10%.
• 40% of all homes are sold within 30 days.
• The average price is up 28.2% in the past 3 years.

Than Merrill expressed his enthusiasm towards this year’s real estate trends saying, “The real estate market continues to rebound across the country and we’ve experienced 37 consecutive months of year-over-year price gains.”

 Click Image below for a Larger Version.

Wealth Map Shows Negatives for Las Vegas: from 2011 - 2013

 Click on Image to Open Web page for Interactive Map

Search by State - Metro Area - Zip Code

I find it interesting that in June of 2015 they are 

putting out articles about Data from 18 months ago.

Since 2013, Las Vegas has had Incredible Positive Growth in Housing Values.

What's scary is how long it takes to compile this information for us,

and that the "People" who make decision in this country might be using it.

But it is still interesting to look at...

Interest Rates... What's Gonna Happen?

Another common question we get is...

"What is happening with Interest Rates?"

I have always felt like everybody in the Industry likes to advance the idea that 

Interest rates are always going to go up. 

This motivates Buyers that there is a sense of urgency, and they should "Buy Now".

The truth is, I have No Idea what is going to happen with Interest Rates.

I know there are factors that affect Rates.

But Nobody knows whats going to happen to them either.

Below is an example of a $250,000 Loan with Interest Rates of

4.5%  -  4%  - 3.5%  -  3% with 20% down for 15 Yrs

If Rates go up 1% it can change your monthly payment $144 a month or $1,728 a year.

PAST 12 MONTHS

PAST 40 YEARS

It's Geting HOT this Summer....

 Back to my favorite graph.

These graphs show the last 3 year price trends.

Most everyone I have talked to in the Real Estate Biz has said 

they thought the Market had "Leveled Off"

The question was, what was going to happen next?

We have all seen the Resurgence of New Construction throughout Town.

Tourism is on the Rise, and it is having a positive affect 

on our Economy and our Real Estate Market.

LAS VEGAS

HENDERSON

NORTH LAS VEGAS