This page provides the latest featured content on Nevada Residential Real Estate Industry, as well as links to resources from Nevada Business Magazine and other useful websites.
Latest Nevada Residential Real Estate Industry Feature
Stable and Sustainable: Nevada’s Residential Market
By Pat Evans
Originally Published: https://www.nevadabusiness.com/2020/01/nevada-residential-market/
Nevada’s residential housing should be stabilized and sustainable throughout 2020.
Despite a relative lack of inventory and as potential homebuyers continue to flock to northern and southern Nevada alike, multiple Nevada real estate executives said they believe the housing market will settle into a groove.
“For the first time in 13, 14 years, I can use the words stable and sustainable,” said Nat Hodgson, CEO of the Southern Nevada Homebuilders Association. “Prior to having this job, I worked for a major builder and it was an up and down roller coaster. When I took the helm in 2011, we were at rock bottom. [It’s great] to see where we’re at and to be able to say that, I like saying that.”
It’s not just the homebuilders saying the market is stable. Tom Blanchard, president of the Greater Las Vegas Association of Realtors, echoed an almost identical sentiment. [Read The Full Story]
Recent Nevada Residential Real Estate Industry Features
Living Large: Nevada’s Luxury Home Market
In late 2018, a condo in the Waldorf Astoria Las Vegas sold for a record-setting $1,633 per square foot. Despite this being an impressive luxury home record sale, it could be eclipsed if a home listed at Crystal Pointe, Lake Tahoe, sells – that listing is for $75 million. [Read More]
A Home Run – Nevada’s Residential Market:
It’s a simple law of Nevada economics: When folks are working, they buy houses. And when they’re making good money, they buy better houses. Those economics are driving stronger residential sales and construction across the state, and executives see little reason for worry about the continued health of the residential sector. [Read More]
A Place to Live: Nevada’s Residential Market: Call it flattening or softening or just call it a leveling off – Nevada’s housing market seems to have found an even keel in the second half of 2016, and most professionals in the industry are calling that a good thing. [Read More]
Nevada’s Top Residential Real Estate Agents: Residential real estate agents in Nevada know, better than most, that the last several years have posed a variety of challenges to their industry. [Read More]
A “Fixer Upper”: Navigating the New Residential Market: These days, Nevada’s residential real estate market is a maze to be navigated, with buyers and sellers alike having to juke and swivel around such things as turbulent national and state economies, a saturated market, rampant unemployment, underwater properties, foreclosures, short sales, out-of-state investors, reluctant banks, government regulation and a small but stubborn demand for even more new houses. [Read More]
Nevada Residential Real Estate Industry Resources
Nevada Real Estate Division: The official real estate division for the state of Nevada.
Nevada Association of REALTORS: The Nevada Association of REALTORS® (NVAR) provides services to 14,900 REALTORS® throughout Nevada.
Reno/Sparks Association of REALTORS: RSAR’s mission is to proactively enhance our members’ opportunity to be successful, ethical real estate professionals by delivering superior advocacy, education, programs, products and services.
Greater Las Vegas Association of REALTORS: The Greater Las Vegas Association of REALTORS® (GLVAR) the “Voice for Real Estate” in Southern Nevada is an 11,500 member trade association that has served real estate professionals since 1947.