If you live in Southern Nevada and are interested in Real Estate, you have learned that our housing inventory is quite low compared to years past. This past year specifically, in 2023, many homebuyers turned to new builds to take advantage of the standing inventory, builder incentives and possibly lower interest rated. Erin Ackerman & Harvey Blankfeld share their insights on why it's important Continue Reading
Las Vegas real estate
Monthly Market Update for December 2023 with Harvey Blankfeld
How did 2023 wrap up in Real Estate? What changes did we see throughout the year? What do we believe we could see this year? Subscribe to our channel to get your monthly market updates! Continue Reading
Monthly Market Update for November 2023 with Harvey Blankfeld
In November 2023, we currently had 4,514 available homes, 1,548 homes sold and currently 2.92 months of available inventory. We currently are experiencing a 15 year low on activity, yet prices are not dropping! Seasonality does have something to do with the market and find out what we think will happen for the next few months. Continue Reading
Is this market comparable to 2008? Las Vegas NOW on 11/17/23
Harvey Blankfeld & Matthew Mullin provide a great interview on you shouldn't believe news headlines. A recent article came out stating that this market is comparable to the crash in 2008, and Matt & Harvey explain why this market is still quite healthy and a great time for buyers to be buying! Catch the full interview here and please reach out to us for any questions for Matt & Continue Reading
Monthly Market Update for August 2023 with Harvey Blankfeld
Here is your August 2023 Monthly Market update with July's data. We are seeing the same patterns for the last few months; same sales, same inventory, how long it's taking to sell your home. Will a shift be coming? Check back each month for Harvey's charts on the radio!! Continue Reading
Monthly Market Update for July 2023 with Harvey Blankfeld
Are interest rates making our current market stale? That's what the numbers show. The market seems flat. Not enough inventory still, the median sales price is the same, and numbers show that this year has actually been the slowest year in real estate in Las Vegas since 2028. Will this pattern continue or heat up? Let us know your thoughts! Continue Reading
Weekly updates on Southern Nevada Housing Market -11/12/2020
There are no surprises once again inventory continues to decline, and we have seen it go down another 140 homes this week and went down 175 the previous week. We have 4,674 single family homes on the market and that is down significantly from back earlier this year. We put 808 homes in escrow and closed 605 and we saw 160 homes get withdrawn from the market. Median sold price was at $344,876 and Continue Reading
Weekly updates on Southern Nevada Housing Market -10/15/2020
Let us start with our weekly update and for this week we have 5,094 homes currently available. Now please remember this only single-family homes. It is down by 11 from last week. We still have pretty low inventory still, in the last 7 days we put 865 homes in escrow. And we closed 621 homes and 159 were withdrawn. The median of the sold price is $335,108 it went down a lot from last week, but then Continue Reading
Weekly updates on Southern Nevada Housing Market -10/01/2020
This week we have the total of available 5,117 on the market and please remember these are only single-family homes. In escrow we have 889 homes in contract and that is down by a little from the previous week. Also, inventor went down as well in the last week and we have closed 924 homes that went up a lot, that is a nice number to have. 200 homes have been withdrawn that is a pretty big number Continue Reading
What is an appraisal waiver?
This week we have 2 clients that purchased homes get appraisal "waivers." Why would this happen? Should I waive my appraisal as the buyer? An appraisal waiver is when the lender reviews the contract, down payment, buyers credit score, and based on the figures concludes that the homes sale price is appropriate. Just because a lender waives the appraisal, this does Continue Reading
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