mc-real estate

Last week the average interest rate on a 30-year fixed-rate mortgage fell to the lowest level in nearly 50 years. Today’s rates are, on average, more than a full percentage point lower than they have been over the last five years.

Shannon Marler is representative of how online has changed sales within the homebuilding industry.

Pardee’s Sandalwood Plan Three, designed by the Woodley Architectural Group of Southern California and Colorado, is this year’s recipient of the Silver Nugget Home of the Year.

Thanks to Valley Vista in North Las Vegas, sales in the Las Vegas Valley’s top dozen planned communities rose nearly 15 percent through the first nine months of 2020, and builders and developers said there are no signs of any slowing down despite the COVID-19 pandemic.

The global pandemic and desire for more space and isolation appears to have benefited Lake Las Vegas in a strong way in 2020 and the lakeside community is on pace to have its best year since prior to the Great Recession more than a decade ago.

For the first time in its seven-year history, the Silver Nugget Awards event was held virtually. Area homebuilders, homeowners, architects and designers logged onto their computers to find out who won this year. Although, there was no bar or dinner, there were wine gift baskets delivered to the winners and DJ Chris Cox warmed things up at the online party before the announcements.

A report released Friday by Las Vegas Realtors shows local home prices rising while the housing supply keeps shrinking, putting the local housing market in the unusual position of looking a lot like the rest of the country.

The luxury new-home market and price point just below $1 million continues to be strong despite the ongoing coronavirus pandemic and builders say they don’t expect it to slow through the end of the year and into 2021.