Nevada

U.S. Foreclosures Increase Slightly, Reflecting Nuanced Housing Market Shifts – MyChesCo

IRVINE, CA — ATTOM released its May 2024 U.S. Foreclosure Market Report, revealing nuanced shifts in the housing market. The report shows a total of 32,621 U.S. properties with foreclosure filings in May, including default notices, scheduled auctions, and bank repossessions. This marks a 3 percent increase from the previous month but a 7 percent decrease from last year. “May’s foreclosure activity highlights nuanced shifts in the housing market,” said Rob Barber, CEO at ATTOM. “While we observed a slight increase in foreclosure starts, the decline in completed foreclosures indicates…

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Nevada

Find your space and plant a flag in the market you serve – Inman

Why make your brokerage decision based on their office location? Create your own office and establish yourself as a mainstay of the community. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. When I talk to real estate professionals in my role as Director of Growth for eXp California, one of the things that people ask about is the physical location or office space where they’d work.…

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Las Vegas Nevada

Is Las Vegas a buyer’s or seller’s market for home sales? – Las Vegas Review-Journal

The Las Vegas area is in a seller’s market as demand for houses continues to outstrip supply, however the latest peak appears to be over, according to new data from Zillow. The metro is the 35th strongest seller’s market in the county, with a score of 62.9 out of 100, according to Zillow’s Market Heat Index, which looks at the balance between housing supply and demand. Buffalo, New York leads the nation (118.1), followed by San Jose, California (111.6) and San Francisco (11.2). The biggest buyer’s market right now is…

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Las Vegas Nevada

New Southern Nevada homes now make up 25% of sales as builders offer incentives – Las Vegas Review-Journal

With mortgage rates at a 20-year high and many homeowners locked into low rates they nabbed during the pandemic, fewer existing houses are selling in Southern Nevada and homebuilders are offering more incentives to get buyers into new homes. Some major homebuilders are offering 2-to-1 mortgage packages to entice buyers as mortgage rates hover around 7 percent, multiple valley real estate agents told the Las Vegas Review-Journal. This is when the financing arm of a homebuilder buys down the mortgage rate for two years, sometimes by up to 2 percent,…

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Nevada

More Than 3 in 5 Home Listings Are Now ‘Stale’ As Record-High Costs Dampen Demand – Redfin News

More homes are sitting on the market for at least 30 days without going under contract, as homebuying demand falters in the face of high housing costs.  More than three in five (61.9%) homes that were on the market in May had been listed for at least 30 days without going under contract. That’s up from 60% one year earlier and roughly 50% two years earlier.  The share of homes sitting on the market for at least one month has been increasing year over year since March, when growth in…

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Nevada

Local Logic helps power Lundy’s Finding Homes voice search – Inman

Local Logic, the community and market insights marketing solution, will be working with Lundy, an AI-derived voice search option for the visually impaired. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Local Logic, the community and market insights marketing solution, will be working with Lundy, an AI-derived voice search option for the visually impaired, according to a June 12 press release shared with Inman. The pairing…

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Las Vegas Nevada

Luxury home market on fire this summer – Las Vegas Business Press

The Las Vegas luxury home market is on fire as the summer heat arrives. Luxury resales of $1 million and higher are up 37 percent through the first five months of 2024 while luxury production home sales were solid during the first quarter, the most recent numbers available. Through the end of May Las Vegas had 751 luxury resales for the year — up from the 549 through the end of May 2023 and the second best start to the year in history. There were 837 during the first five…

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Las Vegas Nevada

‘This is bizarre’: LV Luxury home market on fire this summer – Las Vegas Review-Journal

The Las Vegas luxury home market is on fire as the summer heat arrives. Luxury resales of $1 million and higher are up 37 percent through the first five months of 2024 while luxury production home sales were solid during the first quarter, the most recent numbers available. Through the end of May Las Vegas had 751 luxury resales for the year — up from the 549 through the end of May 2023 and the second best start to the year in history. There were 837 during the first five…

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Nevada

MLSs remain valuable tools after the NAR settlement – Inman

As compliance becomes even more top of mind for the industry, Realtracs CEO Stuart White writes, MLSs have an enhanced role as a reliable resource to support professionals in following developing processes and procedures. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. For decades, the real estate world we’ve known has been stable and orderly — allowing sellers, buyers, brokers, agents, municipalities and states to benefit…

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Nevada

Muhammad Ali’s Childhood Home Hits Market For $1.5 Million – Yahoo Finance UK

Muhammad Ali’s Childhood Home Hits Market For $1.5 Million The pink house where boxing legend Muhammad Ali grew up and two neighboring homes are on the market for $1.5 million. The single-story house, where hundreds of fans gathered for his funeral procession, is a historical landmark reflecting the humble beginnings of one of the greatest athletes ever. Ali, then known as Cassius Clay, spent his formative years dreaming of greatness and practicing boxing in the two-bedroom, one-bathroom house in Louisville, Kentucky. Co-owner George Bochetto and his business partner at the…

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