Las Vegas Real Estate Market Update – March 2017

The 79th (2017) Session of the Nevada Legislature! First, there are 257 Assembly Bills and another 238 Senate Bills that are posted on the Nevada Legislature website.  AB-235 (Click Here) was introduced last week and enacts the Uniform Commercial Real Estate Receivership Act. (BDR 3-714).  To keep up to date with Legislative activity in Carson City, click on … Continue reading Las Vegas Real Estate Market Update – March 2017

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Las Vegas Real Estate Market Update – February 2017

The 79th (2017) Session of the Nevada Legislature Begins on Monday! First, there are 102 Assembly Bills and another 102 Senate Bills that are posted on the Nevada Legislature website.  Expect the tone and dynamics of this session to be vastly different from 2015.  Let's see how many 2015 bills are modified or repealed!  Will … Continue reading Las Vegas Real Estate Market Update – February 2017

Las Vegas Real Estate Update – January 2017

Welcome to 2017 and the Political Challenges Ahead! First, I want to reach out and thank Congressman Joe Heck for all of the support he has provided our REALTOR community.  Then I want to congratulate Senator Catherine Cortez Masto on being seated in the Senate as the first Latina Senator!  Now it's time to begin reviewing … Continue reading Las Vegas Real Estate Update – January 2017

Las Vegas Real Estate Market Update – December 2016

Why Homeownership Needs a Trump Presidency! Lawrence Yun is Chief Economist and Senior Vice President of Research at the NATIONAL ASSOCIATION OF REALTORS® (NAR). He recently contributed an article and opinion in Forbes titled: "How Trump's Presidency Could Impact Real Estate".  The challenges and opportunities that the Trump administration will face are clearly articulated in this article. … Continue reading Las Vegas Real Estate Market Update – December 2016

Las Vegas Real Estate Market Update – November 2016

Please Remember to Vote Tuesday! It may have been a challenging few years and a slow recovery for all of us, but we are not faced with the Great Depression of 1929 and the fallout that led to President Roosevelt's victory over Herbert Hoover.  Incumbent Hoover had fallen out of favor with the electorate and … Continue reading Las Vegas Real Estate Market Update – November 2016

Las Vegas Real Estate Market Update – October 2016

Greater Las Vegas Market Overview September Single Family Residential (SFR) closed sales were down 5.75% from August but 7.9% higher than at this time last year.  The median closed sales price of a SFR dipped 0.49% to $233,850 while the average closed sales price of an SFR dropped 0.70%, falling from $269,222 to $267,327.  Yet, SFR closed sales are 6.5% … Continue reading Las Vegas Real Estate Market Update – October 2016

Las Vegas Real Estate Market Update – September 2016

New Residential Purchase Agreement - Biggest Change in Ten Years! It was ten years ago that we first introduced a standard Greater Las Vegas Association of REALTORS (GLVAR) Residential Purchase Agreement (RPA) that was generally adopted by most brokerages in Las Vegas. The upcoming version of the RPA introduces the most substantive changes since its … Continue reading Las Vegas Real Estate Market Update – September 2016