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Las Vegas Real Estate

Read articles on emerging market trends and the latest statistics from the local Las Vegas real estate market.

Found 98 blog entries about Las Vegas Real Estate.

Key Takeaways

  • 'Greige' (subtle yet powerful) improvements pay off the best.
  • This year's report reflects continued optimism for the housing market.
  • Replacements beat remodels and exteriors beat interiors.


The 2017 Cost vs. Value report by Remodeling magazine documents the national and regional costs and ROI (return on investment) for 29 popular home improvement projects.

Overall, these 29 improvements paid back 64.3 cents on the dollar in resale value.

What that says to the homeowner is that spending money to sell a home requires research.

The goal of improvements from a seller’s standpoint is to attract buyers and achieve top dollar on a listing. But finding the balance between updates and return isn’t that simple.

In

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Key Takeaways

  • 'Greige' (subtle yet powerful) improvements pay off the best.
  • This year's report reflects continued optimism for the housing market.
  • Replacements beat remodels and exteriors beat interiors.


The 2017 Cost vs. Value report by Remodeling magazine documents the national and regional costs and ROI (return on investment) for 29 popular home improvement projects.

Overall, these 29 improvements paid back 64.3 cents on the dollar in resale value.

What that says to the homeowner is that spending money to sell a home requires research.

The goal of improvements from a seller’s standpoint is to attract buyers and achieve top dollar on a listing. But finding the balance between updates and return isn’t that simple.

In

106 Views, 0 Comments

Typically winter months have a higher number of housing bargains due to stressful weather conditions and lack of competition, with February coming out on top as the month with the most housing deals.

In fact, a recent study by Attom Data Solutions looked at the sales of 50 million homes from 2000 through 2016 and found that the median selling price during February was around $104 per square foot, a 6 percent discount over the rest of the months of the year.

With these housing bargains, why aren't more people buying this time of year? According to Daren Blomquist, senior vice president at Attom Data Solutions, besides the difficult winter weather, many potential buyers are cash-strapped after the holidays and don't want move during the middle

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What are the top challenges your home buyers face this year? A recent survey from realtor.com® reveals the following:

1. Low inventories: There aren’t enough homes for sale and inventory woes are expected to worsen this year. Active inventory in December 2016 on realtor.com® dropped 11 percent compared to a year ago. “As a result, the year has started with the lowest inventory of homes for sale at least since the recession, and possibly in decades,” realtor.com® notes. “Inventory was a challenge all year but a stronger offseason in the fall depleted the available homes for sale even more than is typical.”

2. Prices move to record highs: Typically, asking prices decrease in the fall. However, this year, the median list price in December was the

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Following several weeks of decreases, mortgage rates were back on the rise this week.

"The 10-year Treasury yield increased more than 10 basis points this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate moved up as well to 4.19 percent, a 10 basis point jump. This week marks the first increase in the mortgage rate since December 29. The 2.8 percent decline in existing home sales in December is a reminder of the lack of homes for sale. According to the National Association of REALTORS®, supply is at its lowest level since 1999, a factor that should support higher house prices regardless of the oscillations of the mortgage rate."

Freddie Mac reports the following national averages with mortgage rates for the

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There were 3,340Single Family; Condos & Town-homes closed transactions in December 2016.

That’s up by 224 closed transactions compared to November 2016. 

December 2016 #’s- Resale 2,972 -89% Short Sales 162 -4.8% REO 206-6.2%

November 2016 #’s- Resale 2,789 -89.5% Short Sales 128 -4.1% REO 199- 6.4%

 957 Cash Purchases (This is up by 122 from November)

 1,271 Conventional Financing (This is up by 107 from November)

 790 FHA Financing (This is down by 2 from November)

265 VA Financing (This is down by 9 from November)

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Two master-planned communities in the Las Vegas Valley were among the top 10 nationally for home sales last year, a new report shows.

Builders sold 769 new homes in Summerlin in 2016, up 28 percent from 2015. Buyers also picked up 564 new homes in Inspirada, up 45 percent, according to real estate consulting firm RCLCO.

  Among U.S. master-planned communities — sprawling projects with housing, parks and other components — Summerlin was No. 5 for new-home sales and Inspirada was No. 7.

No other Las Vegas Valley community cracked RCLCO’s top-20 list, released Wednesday. The company said it would publish a list of the top 50-selling communities in the next few days.

 

Summerlin runs along the western rim of the Las Vegas

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The Tonnesen Team is sponsoring a great upcoming charity event that will benefit children’s cancer. 

Kicking Cancer will be this Sunday, October 23rd beginning at 3pm.  It will be a fun game of FootGolf, which is soccer on the golf course.  There will be raffle prizes and food as well. 

Registration to Kicking Cancer will only be $20 as the proceeds will go directly towards the charity.  If you are unable to attend but would like to contribute, you may do so by emailing heroesfightcancer@gmail.com.  You may also pass the invitation to anyone else that would love to be a part of this great cause.

Every year, an estimated 250,000+ new cases of cancer affect children under the age of 20 worldwide. The Tonnesen Team has teamed up with Heartfelt

1,120 Views, 0 Comments

Save Your Cash for Christmas!

Money for Mortgage Loans in Las VegasBeen looking at homes for sale in Las Vegas, but just don't have any extra cash? If you or someone you know has been struggling to come up with the down payment and closing costs for a mortgage, we have great news. There is a new 1/2% down FHA loan that may be your answer. 

You could literally get into a home with no money at all! This new mortgage loan program is a combination of a 96.5% FHA first mortgage and a 3% second mortgage. The seller is allowed to pay all of the buyer's closing costs, AND the 1/2% down payment can even be gift funds from a relative or close friend. The interest rate is a little higher than the standard FHA loan, but you can have a non occupant co borrower to help you qualify. Basically this

6,552 Views, 0 Comments

We finally found a reputable lender with low fees and good rates that can do foreign national investor loans AND/OR loans on condo hotels. This is a "make sense" lender that can do portfolio loans outside the box. They have non warrantable condos and condo hotel financing for US citizens with 20% down payment, minimum $100k loan amount.

Below are some of the foreign national loan program highlights:

  • Minimum loan amount is $100k up to a maximum of $3M, though sometimes the lender can go higher on a case by case basis
  • They can do non warrantable condos or 1+ bedroom condo hotels as long as the condo hotel has a full kitchen
  • Down payment of 40% for vacation homes or 45% for investment properties
  • 90% financing available with their asset
30,668 Views, 0 Comments