Coldwell Banker Premier Realty

If you’re fresh out of college and settling in at your first or second job, homeownership might be out of sight, out of mind. But there’s a lot you can do in your 20s to better position yourself for buying a home when the time is right. You’ve got plenty of company if you’re not ready to house-hunt just yet. Fifty-seven percent of millennials rent because they view it as more affordable or because they think they won’t qualify for a mortgage, according to a 2014 Fannie Mae surv... read more
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July Closings Disappoint, Prices Rise Moderately,Supply Concerns

A snapshot of July figures
Posted by John McClelland on August 11, 2016 in  homes in las vegas  Las Vegas Residential  median home prices
After a solid mid-year performance, sales have declined as we move out of peak season. Escrow activity also points towards some softer sales in the following month. Listing inventory remains quite low and single family inventory is down nearly four percent. Despite this, pricing has not advanced substantially, perhaps indicating the burst of demand we from the late spring was seasonal and transitory. Meanwhile, most indicators of local fundamentals continue to improve with employment growth of 2.9 percent year-over... read more
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Why isn't inventory going up

National trends
Posted by John McClelland on August 03, 2016 in No Category
Locally, we are still seeing single family home months-of-supply at under three months. Many other areas are seeing relatively low inventories. Tian Liu gives an interesting explanation that could explain part of this phenomenon. http://www.housingwire.com/blogs/1-rewired/post/37693-home-sales-are-rising-so-why-isnt-inventory-going-up... read more
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