Welcome to the Blog

2020-01-22 17:30:58
Looking Back at 2019 and Forward to 2020
As Always, the Big Question is,
'What's going on with the Real Estate Market?'
Before we Look ahead to 2020, let's take a look at how we did in 2019.
Or as I joke in saying, 'A 2020 Hind-Site'  
For the Year 2019, we had a Median of 6% and an Average of 7 % Equity Growth.
Not Bad... FYI, Condos did even better than that.
 In 2018 Equity Growth was around 9% and back in 2017 it was over 12%.
So the Growth has been good but is now slowing down.
Now let's look ahead to 2020
 I could write about all the Construction Projects, Casino Resorts 
and Conventions feeding our Las Vegas Economy, but we all know about all of that.
But even with all that's going on, I don't see Home Values Going up more than 5-6%
Las Vegas wages will only go up so much, creating an Affordability Ceiling,
which is getting close to being Maxed Out.
What will most likely Push the Market is the Rising Rents.
There have been several articles in the LVRJ about how Large Corporations 
are Investing in Apartments because of the High Demand and Profits.

Las Vegas Home Ownership Rate is around 58% 
Down from a high of 63% in 2005 but up from the low of 50% after the crash.
These numbers are well below the National Average of 65%
People need to Stop wasting Money Renting and Invest in Their Future.
Blog Archive
2020-01-22 17:30:58
Looking Back at 2019 and Forward to 2020

2019-10-04 14:35:48
What is Your Money Worth to You?

2019-09-07 09:46:33
Interest Rate Below 3.5% - Big Deal...

2019-07-09 18:29:00
Las Vegas... Let's Look at Some Statistics

2019-05-03 15:08:56
Prices are Going Up... Time to Take Advantage of recent price reductions!

2019-05-03 15:04:43
Prices are Going Up... Time to Take Advantage of recent price reductions!

2019-03-27 16:47:10
The Perfect Storm... Now is the Time...

2019-02-26 16:52:20
Switching to more of a Buyers Market, but for how long?

2019-01-17 15:49:44
Short Term Rentals - Good or Bad...

2018-12-14 16:36:25
The 'Mother Load' of All Las Vegas Economic Statistics

2018-10-08 16:42:46
Home Prices Falling and the Market Slowing...

2018-09-05 14:24:42
Nevada's Population Growth leads to Higher Debt

2018-09-05 14:14:20
A Strong Economy Leads to a Strong Housing Market and Consumer Spending

2018-08-23 17:46:27
A Market Slowing Down, a Crash or a Seasonal Trend

2018-07-11 16:34:11
California to Limit Water Usage to 55 Gallons per Person per Day

2018-06-25 17:47:21
Home Values going Up, Rents going Up... but Las Vegas is Still Affordable

2018-05-31 13:49:48
Find Relief from High Taxes in Las Vegas

2018-05-02 12:09:41
Las Vegas is Growing Fast - what can slow it down?

2018-04-10 14:23:35
Las Vegas Projects Strengthen Our Economy

2018-03-13 15:00:48
All Signs look good for The Las Vegas Economy and Housing Market

2018-02-21 14:39:38
Mortgage Rates Jump Up to 4.5%

2018-02-14 14:47:57
High End Homes are on the Rise

2018-01-23 18:31:38
Strong Buyer Demand Pushing Real Estate Prices and Pace

2018-01-09 11:42:02
New Tax Law to Affect less than 2% of Clark County Households

2017-11-29 18:45:45
New Homes are Helping Ease Rising Home Prices

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.