LAS VEGAS, NV – According to a recent CNN article, the extension of the federal eviction moratorium through the end of March 2021 was a desperately-needed lifeline for countless people struggling with financial hardship due to the ongoing COVID-19 pandemic. In addition, President Joe Biden is attempting to pass a bill that would extend that eviction moratorium even further; if his proposed relief legislation passes in its current form, that eviction ban would be extended to Sept. 30, 2021. While this is helpful to renters who have lost their jobs – or had their income severely curtailed – by COVID, to countless landlords,…
LAS VEGAS, NV – According to reports, many experts expected Las Vegas to endure irreparable harm to its real estate industry with the advent of the COVID-19 pandemic in March, what with lockdown orders hamstringing tourism – the lifeblood of the city – and rampant unemployment becoming commonplace as a result. However, despite the blows endured by the economy to this day due to the pandemic, the Las Vegas real estate market not only recovered far more quickly than experts anticipated, but is currently in the midst of a hot streak that is now expected to continue well into 2021 and…
LAS VEGAS, NV – According to reports, a recent $11.25 million Henderson mansion purchase has set a record for the highest luxury home sale in the well-known Southern Nevada community in 13 years, showing that the market still has the ability to set monthly sales records despite the ongoing COVID-19 pandemic. The mansion, located at 750 Dragon Ridge Drive in the luxury master-planned community MacDonald Highlands, was purchased on December 4 for a whopping $11,250,001. The buyer exceeded the price of yet another mansion sold in the same community earlier in 2020 by just one dollar; that mansion, sold in August…
LAS VEGAS, NV – According to recent reports, the mad scramble for local real estate and the subsequent record-setting months of rising median single-family home prices during the pandemic has real estate experts speculating that Las Vegas may potentially be in another bubble, reminiscent of the mid-2000’s that eventually gave way to a recession. Multiple sellers are reporting that despite the ever-increasing prices of homes on the market – October 2020 saw the single-family homes median sales price reach and all-time high of $340,000 – multiple offers are often being made on new inventory as soon as they are available, with…
LAS VEGAS, NV – According to recent reports, a Las Vegas developer is attempting to woo wealthy potential tenants to his new apartment complex by making sure it features numerous amenities catering to a particular crowd; this runs in contrast with how the majority of Nevada developers are handling new projects due to the difficulties posed by the ongoing COVID-19 pandemic. With unemployment still an issue, many people are in need of affordable living space but are facing significant financial hurdles. But while many are racing to construct low-cost housing options aimed at the masses, long-time developer Bob Schulman, 83, is instead…
LAS VEGAS, NV – With the coronavirus pandemic taking its toll upon the Las Vegas economy, there remains some light at the end of the tunnel as the Strip is set to reopen this Thursday. While that is good news for most, some renters who have been laid off or furloughed are still awaiting financial relief in the form of unemployment benefits and they are growing increasingly desperate despite the rental market itself managing to weather the storm, according to reports. Leading up to the pandemic, which has brought the national economy to a near-standstill, the Las Vegas real estate market…
LAS VEGAS, NV – According to reports, despite a statewide moratorium issued by Nevada Governor Steve Sisolak against evictions during the state of emergency brought on by the ongoing coronavirus pandemic, some landlords have defied that decree and have locked out and/or evicted tenants who have been behind on their rent. The eviction decree by Governor Sisolak applies to all renters in the state of Nevada, monthly or weekly, and applies while the state of emergency is still in effect. The moratorium had a mixed response, with some legal advocates supporting the move while others supported landlords and property managers,…
LAS VEGAS, NV – According to recent reports, a law focusing on “tenant rights” in Las Vegas passed in 2019 has already resulted in a marked decrease in the number of evictions filed by landlords and property managers for the first time in ten years. In 2019, approximately 30,000 summary eviction cases were filed in Las Vegas Justice Court, which represents a 7 percent decrease from the prior year and the lowest number since 2016. Senate Bill 151 (SD 151) – legislation that increased the amount of time a tenant had to pay overdue rent from five to seven business…
Buying A Home In Las Vegas We’re Here To Help Make Buying Simple Buying a home can be a complicated at times, especially when dealing with short sales or distressed foreclosure properties. Plenty has changed in our local real estate market over the past several years, so we have outlined the steps involved in working with a real estate agent to find the best deal and get an offer accepted on a home. At A Glance – The Steps Involved In Buying A Home: The bullets above are obviously a simple outline of the homebuying process. There is a lot…
LAS VEGAS, NV – After a lengthy reign of 21 months in a row, Seattle Washington has been kicked to the curb by Las Vegas, Nevada as the number one real estate market in the United States, according to a recently-released report. Las Vegas took first place in the latest release of the monthly Case-Shiller home price index with a jump in property sales of 13 percent in August, an increase over the previous month’s of 12.6 percent. After a devastating hit to the housing market in Southern Nevada during the mid-2000’s recession – homes lost as much as 60…
Developers Pouring Resources into Apartment Complexes Throughout Southern Nevada LAS VEGAS, NV – With the housing boom overtaking Las Vegas in recent years, one fact has emerged above all others- there are currently not enough houses to satisfy the overwhelming demand, pure and simple. But while developers are doing their best to ramp up construction to give prospective Southern Nevada homeowners more options (which would hopefully also help to drive down skyrocketing real estate prices in the process) people looking for a roof over their heads are turning to apartments, causing their availability – and prices – to dwindle as…
LAS VEGAS, NV – The revitalization of Southern Nevada in the past year has seen a mass exodus of new residents flock to the region looking to take advantage of the now-booming economy and its subsequent burst of rapid job growth, and when an area – especially a hotbed of economic activity such as Vegas – sees such an influx of new blood, one thing holds true…those people need places to live. One of the money-making aspects of the Las Vegas scene that has seen the biggest boost in recent months is in real estate, and with so many new…
