We’ve had quite a real estate ride in Las Vegas since the early 2000s. Realtors who have navigated market conditions through recessions, foreclosure crisis, pandemics and extreme appreciation or depreciation are going to have experience, and their versatility and savvy will show in their online reviews.
With all construction, whether it is residential, multifamily or commercial, we are entering a new normal, and we won’t fully know what that normal is for a few years to come.
The good news is as interest rates rise; home valuations begin to stabilize. Inventory is also beginning to increase, a move that typically makes it easier to buy a home. In fact, Realtor.com estimates active listings will grow 15 percent this year and home sales are “expected to hit their second-highest level in 15 years.”
Overall, Las Vegas is still one of the country’s hottest real estate markets, as people from all over the world come here to live. Real estate is a long-term appreciating asset, just make sure to set your expectations and be aware of the changing marketplace.
The Las Vegas real estate market captivates and intrigues us, in part because it’s never boring! Right now, the market enjoys the confluence of continued strong demand, job creation and business diversification. Those who proclaim that prices will fall simply because mortgage interest rates have risen are ignoring the ongoing contribution of job creation and economic diversification.
Twenty-two percent of small-business owners cited inflation as their single most important business problem, according to a January 2022 survey conducted by the National Federation of Independent Business.
Overall, one in five adults in the U.S. quit their jobs in 2021. That’s according to a new Pew Research study that cited the top 10 reasons employees turned in their notices last year. The trend of workers quitting their jobs in the past two years has been dubbed the Great Resignation, while others prefer to call it the Great Realization — as employees realize they are not happy with their employment situation.
Collaborators Darin Marques, founder of the Darin Marques Group at Huntington Ellis, and Heidi Carlsen, home staging expert with Stately Home Staging, have their fingers on the direct pulse of Southern Nevada luxury real estate and understand just what helps sell these properties to high-earning individuals. The answer lies in the presentation. These two partnering experts weigh in on the key elements of home staging and what it means for both the Realtor and designer standpoint.
Mental health awareness has become a significant part of the health care conversation following the pandemic. In fact, many studies have found an increase in mental health services requests from people of all ages beginning in 2020.