While many comment on the fact that fewer homes were sold than a year ago, most are failing to state that a year ago, our market was still seeing unprecedented highs north of 26 percent increase in home prices year over year. This is something we have never witnessed in our lifetime and was not sustainable. So, are we experiencing a decline in home sales from one year earlier? Absolutely we are. Is the sky falling? Absolutely not.
Running a business can be both challenging and rewarding. There are many obstacles that require you to organize yourself. As a business executive and entrepreneur, I have embraced the “Seven Centers of Management Attention,” by Michael E. Gerber, and applied them to my business and my internal systems to create a profitable, collaborative and highly efficient organization. Over the years, these seven building blocks of business have helped me organize my business systems and set the trajectory for my company, management team and employees.
The Nevada Housing Coalition estimates the state has a deficit of more than 105,000 affordable units and is short roughly 84,000 units for extremely low-income renters, or those earning 30 percent or less of the area median income.
Over the past 25 years, the way lawyers conduct business has significantly changed, with the bulk of communications with clients being digital.
If you’re concerned about today’s housing market, rest assured. These things are cyclical. Conditions will always change at some point.
Whether a residential, commercial or industrial property, third-party property management is a crucial aspect for real estate syndicators to scale their portfolios.
We can expect more “normal” conditions for the Las Vegas real estate market.
As we enter 2023, we approach a market of balance, not favored to buyers or sellers, but neutral to both.