Home Values on the Rise - Real Estate a Good Investment

 With Home Values on the Rise, there is still time to...

 Invest in Las Vegas!

The NHL Black Knights are investing in Las Vegas.

The NFL and The Raiders are investing in Las Vegas

Amazon, Faraday and Hyperloop...  All Investing in Our Economy.

Our Las Vegas Economy is Strong and getting Stronger

And still 40% of Homes are Rentals.

Stop Paying Rent, Invest in Yourself and Las Vegas

A Fun App - Shows Median Home Payments by County

The "Word on the Street" is that Interest Rates are going to go up.

How High and How Fast, we don't know.

Below you can see a breakdown by monthly payment of how 

Rising Interest Rates can affect your monthly Mortgage Payment.

In Clark County on a Median Home Price,

 if Interest Rates goes up .75%, the Monthly Payment goes up $86.

If Rates go up 1.5%, the payment goes up $189.

 This can have a huge affect on the Price of Home you can qualify for.

Buyers sitting on the fence should get off their fences...

click here to view other county's in the country

This is a Fun Interactive Price Map

This app shows you the Median Home Price for every County in the Nation.

Try pointing the mouse at some of the California Counties.

They see Clark County as a "Real Steal"

FYI... the highest is San Francisco County at $1,048,116

and there are 7 counties in Texas with Median Home Prices below $50,000

National Home Ownership Rates Dropping

Home Ownership is now at a 50 Year Low.

It has dropped in age groups, primarily ages 45 and under.

That means these people are paying Rent. Throwing money away.

There is no reason this should happen in the Las Vegas Area.

Our economy is strong.  Homes are very affordable.  Interest rates are low.

Now is a great time to buy!

Las Vegas Home Prices Surge... Came Early

The Las Vegas Review Journal posted this article on Tuesday.

Claiming an "Unusual January Price Jump"

 What is "Unusual" about it is that our Seasonal Trend usually kicks in around March.

I believe that with all that is happening in Las Vegas these days,

such as the New Car Plant, Hyperloop, The Hockey Team, New Casino Expansion...

People are Confident and Excited about the future of Las Vegas and its Housing Market.

And wanting to Buy Now before prices Jump Up again.

Nevada has the #1 Job Market in the Nation

According to Gallup, the Nevada Job Market 

has gone from Worst to Best in 6 years.

This is Fantastic News for Us as Home Owners.  And still

there are people who are nervous about the Housing Market.

We hear comments all the time like...

- prices are going up too fast

- they are building too many homes

- we are heading for another housing bubble

And though I cannot guarantee anything, 

when we look at what is happening in our part of the state,

 I feel very confident that the Las Vegas Housing Market 

is moving in the right direction.

click HERE for complete article

Looking ahead at the 2017 Las Vegas Real Estate Market

  There is an Old Proverb or Saying that goes...

"You don't know where you're going until you know where you've been"

 With that in mind let's take a historical look back at the Las Vegas Real Estate Market 

in regards to Prices, Types of Sales and Interest Rates.

Image 1 - Tracks Average and Median Home Prices over the past 17 years

Image 2 - We have gone from Foreclosures to Short Sales and now a Traditional Market

Image 3 - A look at the drop in Interest Rates over the past 40 years

We can see that we have moved past the Housing Bubble into a nice recovery, Interest Rates are still at Historical lows and Foreclosures and Short Sales are a thing of the past.

In my opinion, the Las Vegas real Estate Market is going in the right direction.

We can expect another good year of equity growth.