Investors played the largest role ever in the Southern Nevada housing market.  In the spring of 2013, cash sales were over fifty-percent of single family transactions.  Presumably, a majority of these cash sales were made by investors. Private investors, many of whom fall into the “mom & pop” category of investors, have always been a significant component of our market.  Recently, institutional investors, often from the private equity world, have taken a large position in the Las Veg... read more

House flipping was made popular by some cable tv shows during the boom and its occurring very often today too.  But many buyers are also aware of the flip rule for FHA, where the resale of homes to FHA buyers could not occur until after 90 days. The rule was initially meant to prevent fraud, similar to what Tony Soprano did in the third season of the Sopranos. However, the rule made many of the “flipped” homes nearly unobtainable for a lot of buyers. A rule reversal is scheduled for February 1st. T... read more

Thinking about buying a home? Why not consider something brand-new? Newly constructed homes are transforming today’s housing market, offering convenience, customization, and cutting-edge features. According to the National Association of Realtors (NAR), new builds accounted for 15% of all homes sold last year—the highest percentage in 17 years!   In Henderson, the Persona community by Contour Homes exemplifies the best of modern homebuilding. Situated near... read more

May 24, 2018 Dear Ms. Sharf: Re: Forbes May 14th, 2018 – Most Overvalued Housing Market Please pause to consider some important alternate facts. Firstly, the Las Vegas unemployment is way down, not up. Secondly, our housing market is healthy again having rebounded strongly from the lows in 2009-10. Contrary to Fitch’s assertion, we see the current local market fundamentals as far different from those of the recent boom-bust. Today’s positive economics are based on conventional and sustainable val... read more

This is a question we constantly receive from out-of-state buyers. Watch this clip of our Las Vegas Monthly Market Update to hear Bob Hamrick recount these reassuring facts presented to him at last month's Latin Chamber of Commerce luncheon, from the Las Vegas Water authority. Click HERE to download the referenced Water Resource Plan.  ... read more