Las Vegas-area Realtor Tim Kelly Kiernan said the question on buyers and sellers’ minds right now is when mortgage rates will start to drop as the Federal Reserve is expected to cut interest rates again.
Patrick Blennerhassett
Reporter: Real Estate and Housing
Phone: 702-348-3967
Patrick Blennerhassett hails from Kamloops, a small city in Canada, and first started working as a newspaper reporter in the early 2000s. Before joining the RJ, he worked for the South China Morning Post, based out of Hong Kong, where he covered sports and the growing intersection of sports and politics. Patrick was also a writer for Business in Vancouver, covering a wide range of topics including real estate, economics, trade and geopolitics, and for the Victoria News, where he won a Jack Webster Fellowship Award. Patrick’s work has been published in outlets such as The Guardian, The Globe and Mail, Reader's Digest, Chicago Tribune, The Seattle Times, Miami Herald, and he has appeared on CBC, NPR and BBC radio. He is a four-time published author and has traveled to more than two dozen countries.
Las Vegas Valley real estate agents and the largest online real estate brokerages have differing opinions on what’s happening with the local market.
An expert said that data showing Reno added 3,238 jobs between January and August is a “shocker,” as the Las Vegas metro usually adds many more jobs than Reno per year.
The house, which was formerly owned by one of the characters on the hit TV reality show “Sister Wives” is up for sale again.
Commissioners were divided over a presentation from a UNLV professor about the vast federal control of land within the valley.
The Zumper study rating is based on the percentage of singles, cost of living and the number of restaurants and nightlife.
Real estate experts say Nevada’s unique situation with the Bureau of Land Management has contributed to heightening land prices for both residential and commercial projects.
The annual Vegas Tech Summit was held again in Summerlin’s toney Summit Club looking to pitch the state to tech millionaires and billionaires, largely from California.
Condo sales are on a downward trend in the Las Vegas Valley, according to the latest data from Redfin.
Ivan Sher, founder of IS Luxury, said over the past decade the valley has become a magnet for high-net worth individuals looking to relocate.
Redfin’s latest report has Las Vegas ranked fifth in the country for home purchase agreements falling through.
About 800 people in Nevada are locked into long-term agreements with a real estate company that used a now outlawed type of contract in the state.
Nevada has a historically low tax burden, so the benefit is one of the lowest in the country.
The Las Vegas Valley saw the biggest increase in the country in starter homes on the market, according to a new Redfin report.
Las Vegas Realtors President George Kypreos said the local real estate market is going through a “reset.”