What Vegas locals can look forward to during Super Bowl LVIII week

An NFL executive discusses plans for the upcoming Super Bowl, including fan activities and game promotions on the Strip

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December brought with it some excellent signs for the market, and more good news on interest rates than we've seen in the past year and a half. While the FED has not actually lowered their prime interest rate, they have signaled that they intend to lower interest rates 3 to 4 times in 2024 with the first one expected in March. Despite the fact that the prime rate has not actually been lowered, mortgage interest rates have already moved down around a full percentage point from November, brining an average savings of $400 per month to buyers on a median priced mortgage. This has already led to a rise in pending sales in December, despite the holidays, a great sign that activity is likely to continue to pick up earlier than normal this year.

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Don't Believe Everything You Read About Home Prices

According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way?

It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has created a lot of fear about a

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The Las Vegas Real Estate Market continues to move in a good direction, with average prices now being 4.1% above what they were this same time last year.

Nearly every monthly indicator was better in September than it was this same time last year, including Days on Market, List Price to Sales Price Ratio (nearly 1% higher than last year) the inventory is down (which is causing the prices to continue to rise) and 1 in 4 homes actually sold over list price last month.

With the slow down at the end of the 4^th quarter of 2022 now squarely in the rear view mirror, the market appears primed to remain steady until interest rates decrease and will likely take off again as soon as that happens.

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The Latest Expert Forecasts for Home Prices in 2023

Are you thinking about making a move? If so, all the speculation that home prices would crash this year may have you feeling a bit on edge about your decision. Let the data and the experts reassure you. Prices aren't in a downward spiral and will actually finish the year strong.

Even though you may have heard talk that prices would drop 5, 10, or even 20%...

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