Las Vegas Real Estate NOW

The inventory is very very low! Only 2,653 single family homes on the market. It might be the lowest number I've seen since 2006. Sold in the last 30 days were 2,800. We have more homes under contract than that are available. Take a look at the stack chart of the SFH through out the years. Stay tuned to learn more! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/​ Check out real estate website: https://blankfeldgroup.com/

Getting a home ready for a home inspection - how they want to sell it, how quickly they want to sell it. Also decluttering and dusting can make a difference. He also touches on marketing for your home. Stay tuned to hear more! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://blankfeldgroup.com/

Enjoy hearing about our valley with Danielle. This weeks segment she discusses three neighborhoods; Paradise Palms, Las Vegas Country Club, and Regency. Tune in to hear more! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://blankfeldgroup.com/

According to Eli Segall, he mentions in his article in the Review Journal - homes were up 6.8% year over year in November that was below the national rate of 9.5%. We were ranked 19 where Phoenix was at number one. We broke the record several times this year and it took us about 14 years since the recession. Stay tuned for more Las Vegas stats. Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://blankfeldgroup.com/

*Disclaimer: We are not giving you legal advice.* Clients are wondering how thy should take title, meanwhile it is the lender that usually makes that decision as they are putting it down with the deed of trust. One can hold title in any way only if it meets the guidelines of their loan program and they have discussed it with their lender. Tune in the learn more and hear about the 3 most common ways to hold title. Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://blankfeldgroup.com/

Learning Saint Lewis and 6th St Beverly Green and paradise village 1952. We are a fairly new city. These two neighborhoods were deemed historical, in 2014 Paradise Village and in 2016 Beverly Green. Mid-century modern and the architecture came from California. There is a lot of demand for these neighborhoods. They are close to downtown and were built for high end buyers; the showgirls, entertainment, casino owners and executives. Paradise Village was not more than 1100sqft and Beverly Hill was no more than 2200sqft and it was more of a custom track. You are able to update the interior but not the exterior. You can find more info on Nevada preservation organization, the founder used to work at UNLV and the purpose for the site is to preserve educate and navigate. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://blankfeldgroup.com/

Due to the pandemic, Covid put a spotlight on homeownership, people were working from home or spent the majority of their time there.. Whether it was a new home purchase or renovations. With low rates that put it in over drive including low supply which escalated prices. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Charts on the radio! For the month of January 2021, we had 4,336 SFH on the market, last month we had a little less inventory at about 3,987. While we have 5,122 under contract for this month and 5,252 for last month. Where as last year we were at 3,039 under contract. The chart shows that from 2019 to 2020 we have sold nearly the same amount of homes. We have the smallest amount of inventory in the last 10 years. In December 130 homes sold that were over a million dollars. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Jeffery Edwards discusses the new tax form 1099-NEC, None Employee compensation which goes out to sole proprietors, those who preform services for you, those need to be sent by you, which replaces the line on the 1099-MISC about paying contractors, reporting fees, commissions, prizes, awards, and other compensation for services. Anyone that receives compensation in excess of $600, should receive a 1099-NEC or a 1099-MISC. When dealing with a corporation should not receive a 1099-NEC or a 1099-MISC, however all lawyers still received these forms. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Nevada Business Magazine 2021 Economic Forecast - economist predict the roll - out of the Covid-19 vaccine will lift quarantine and instill consumer confidence. Recover was underway in December prior to the vaccine being released. Economic variables - gaming revenue, visitor volume, hotel occupancy rates, taxable sales and employment were back to about 50% of the February peak. John Restrepo from RCG Economics said, "We won't be seeing a full recovery until about 2024. We will continue to have a rough 2021 whereas 2022-2023 will be the rebuilding period." The hospitality industry will not be at 100% until people have the money to come here and until they feel comfortable. What does your normal look like? As we are living with this "new normal" there will be more people that are accustomed to keep wearing the mask soon after this. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Do you know if you have a lien against your property? Well, Rick Cenname from Equity Title says, now is a good time to check and make sure your title and your property is in order. Review your title often to ensure there is nothing affecting it or recorded against your property. Title companies such as Equity title can run a property profile for free, the property profile report is computer generated with tons of information that can be up to 13 pages long. The important thing a homeowner should do is to verify their own information to ensure its correct and that there is nothing recorded against the property. Those who own their home outright are more vulnerable to fraud as there are not second set of eye. Fraud is very prevalent and this will help minimize this. If there is anything found on the property profile the title company will create a lien summary. Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

The demand for homes is still high! It looks like we are down 118 single family homes this week at 4,010. We put 844 homes in escrow and closed 703 homes. The median sold price is $345,999 and the sold square footage at $182.54. The days on market went up from last weeks number 31 to 39 meaning there are homes that are over priced. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Let's first take a look at the week of Thanksgiving, there were 4,362 single family homes available and 724 were in escrow, while 781 were sold. When it comes to this week, the number of houses have dropped to 4,128 with 615 in escrow and just 496 sold. The median sales price for this week was $339,950 with $182.67 per square footage. The median days on market dropped from last week at 34 to now 31 days. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Let us start crunching some numbers, here we go! So, for November 19th and again this just single-family homes. Currently on the market we have 4,545 homes and down by 129, inventory keeps shrinking. In escrow the last 7 days we put 829 homes in escrow, and we closed 774 and both of those numbers are up from last week. We saw 166 homes withdrawn its been floating in the mid one hundred for a long time. The median sold price was $348,711 and that is up by $3,835 and again though we must remind you guys that we only do a week worth of data, so it is a small sample size. But $348,711 is a nice median price and the median sold price per square foot is 183.67 which went down a little. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

There are no surprises once again inventory continues to decline, and we have seen it go down another 140 homes this week and went down 175 the previous week. We have 4,674 single family homes on the market and that is down significantly from back earlier this year. We put 808 homes in escrow and closed 605 and we saw 160 homes get withdrawn from the market. Median sold price was at $344,876 and median per square foot is $184.39. Lastly, days on market are at 32, that has not change much. Again, when we talk about median sold price and median sold price per square foot, you are only working with a weeks’ worth of data. These numbers can change dramatically over one or two sales. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Let us start with our weekly update and for this week we have 5,094 homes currently available. Now please remember this only single-family homes. It is down by 11 from last week. We still have pretty low inventory still, in the last 7 days we put 865 homes in escrow. And we closed 621 homes and 159 were withdrawn. The median of the sold price is $335,108 it went down a lot from last week, but then again when you are doing weekly worth of data it is not significant enough. It went down from $349,689 to $335,108 a $14,581 difference. But the interesting thing is that the sold price per square foot went up, it went up almost up to $4 dollars. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/

First question, what if anything are you doing differently to get homes sold today in COVID, crazy world and is there a new trick or sales tactic that’s working especially well? The short answer is no, but the good answer is in today's market, we have to make sure sellers follow protocols and make sure that we are showing houses in a proper factor but the rest of the things are mostly true methods we have used year after year. That is make sure that the home is ready to be sold and that there is no clutter, that it is clean, that everything works, and make sure it presents in the best possible fashion. Much access to the home as possible and most importantly make sure you price it right. Another thing that we do for a seller and help get them sold including right now. We have been doing virtual opens, something we have never done before and trying to get our sellers more exposure for marketing. Stay tuned to hear more. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

This week we have the total of available 5,117 on the market and please remember these are only single-family homes. In escrow we have 889 homes in contract and that is down by a little from the previous week. Also, inventor went down as well in the last week and we have closed 924 homes that went up a lot, that is a nice number to have. 200 homes have been withdrawn that is a pretty big number for withdrawn. Median sold price was at $342,250 and again when we talk about the median sold price on a weeks’ worth of data it is not as significant as when you do a bigger sample. But it is an interesting number and it is up quite a bit and then the median sold price per square foot might be a little more accurate but also still a small sample size and it is at $181.22. Days on the market (DOM) is 36 it up went by 2. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Total available we have 5,201 single family homes on the market. We went back down in inventor about 30 homes from the previous week. We put 901 homes in escrow, and we have closed 715 home in the last week. There were 157 homes withdrawn and the market is still vibrant, and it is busy. Seeing the market right now it a bit counter intuitive but we think it is pent up demand. A lot of buyers were stuck in their homes for month on end and did not like it. Due to the pandemic the market was slow when everyone had to be home, so when places started opening again the market started to get a little crazy. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

In the last seven days we currently have available 5,231 homes it is up 27 and we have seen it stay around this number in the last 3 weeks. There are 881 homes in escrow and there are 698 homes that have sold in the last seven days, that went up by 180. 174 homes were withdrawn from the market this week was a little higher than the previous. Median sold price at $337,248 that is up by $2,000 but what caught our attention is the median sold price per square feet, was up a lot. It went up to $181.77 and as we look at that number for price per square foot, so the median price stayed close and median sold price per square feet went up a lot. Now what does that mean? That means probably selling more homes in areas where price for square feet is a little higher. For an example, maybe like some of the master plans we discussed. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

We have seen the loan business / mortgage business it is crazy busy right now and doing a ton of refinance, there is so much business all the way around. John read a headline from CNDC on their website that mortgage lenders are making the most money and being super business and it is true according to John. As soon as we reopened (Las Vegas) and how interest rates fell too, it led to a fire under the mortgage industry. It is also having an impact as real estate agents in transaction time, they are stretching. We have heard that lenders promise they can meet those deadlines and they blow right passed that. Mass majority of them do not communicate (lenders) but John always follows up. Stay tune to hear more Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Inventory today would reflect that it is a sellers’ market, prices are going up but not drastically. And while the median prices are going up that is mainly a function of the product mix. In other words, there is a lot of more expensive homes that are selling right now than homes that are at the bottom of the ladder. Considering that it is a challenge for buyers right now, but buyers are still getting homes, we have a few buyers that we have been working with and we got them all homes. You do have to be competitive though and go in give what the seller is asking meaning what they priced their home (if it is not overpriced) and it is priced right the home is not going to last on the market. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

We have been tracking single family homes every week since March 2020. Now we are going to share with you, now this week we have currently available 5,241 homes on the market, that is up 15 from last week. In escrow the past seven days we put 883 homes in escrow, we closed 625 single family homes. 171 homes were withdrawn from the market, but that number has not really changed this whole time since March. But let us look at the median sold price is at $330,267 it is down $6,000 think about this you use one week worth of data it is not enough sample size to really show a median sold price. So, this number moves around quite a bit on our chart. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

One of the main reasons to buy in Las Vegas right now (August 2020) is because the cost of buying is so good right now. Interest rates are at an all time low. Harvey explains in this video about this article he read from Fidelity that reviews this formula; if you take your annual rent, divide it by the price of a home purchase, if that number is less than 20, then you should buy. If the number is more than 20, then you should rent. Regardless of when you do buy, it's a good plan and idea to stay there for at least 5 years. To build some equity. If you do spend a few hundred dollars more on buying, you are actually saving and earning money. If you are renting and tell yourself that you will put that few hundred dollars away, the chances of any of us doing that is slim, lol. Rents are actually going up in Las Vegas also. Another good reason to purchase a home and lock in your payment for 30 years. Amanda makes a good point on renting a home; you are not able to make any modifications. It's not necessarily your home to alter. Amanda also discusses our growing Las Vegas valley. We are not just a casino town. We are a sports town. We have great music events and Amazon just made a huge impact with jobs, etc. Covid has effected the way a lot of people look at their home and feel, and Harvey and Amanda believe that some of these changes are here to stay. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

The number of single-family homes on the market consistently continues to go down over the last 2 months. Homes in escrow have increased from 876 last week to 841 this week. The number of sold has increased by 50 from last week. The Median Sold price per SqFt did not change much from last week. Median Days on Market keeps creeping up. That means there is a lot of homes that have been overpriced and remain there. With our low inventory, homes that have been priced right are selling fast. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Inventory continues to shrink this week we went down 5,193 single family homes available on the market. We put another 876 homes in escrow and that went up by 23 from the prior week. We closed on escrow 695 that is up by 38 homes and 150 homes were withdrawn from the MLS and it is down from last week. That is a small number nothing unusual anywhere from two hundred is pretty much normal at any given week. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

A new median price for the month of June for Southern Nevada that is the surprise for today’s show! This past week we currently have available 5,326 homes on the market. Now this is only single-family homes, in escrow we have 813 that is a good number to see. For closing we have 456 homes it went down significantly from the week before which was at 844 homes that have sold. Withdrawn we have 161 and median sold price is at $339,888 that went up over $6,388. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

They stop manufacturing R-22 units back in 2010 and no longer allowed to manufacture or reproduce it. But you can still use it for HVAC units there is a lot of misinformation going around the industry that if you have an older unit that has that R-22 you need to get it replaced as soon as possible. You can actually use R-22 in a unit for the next 10 years. So there is really no rush, EPA said that you are allowed to use these units to phase themselves out so the consumers can go ahead and get more in placed. Stay tuned to hear more on what Old Republic has to offer! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Is right now a good time to buy or sell? We have the expert Harvey Blankfeld joining Las Vegas NOW. Harvey has not really seen any slow down in the in the market but there is less activity than usual, but prices have held and the prices are not making any major slip or increase. It’s been pretty steady; inventory have been steady dropping as well in the last 6 to 8 weeks. We are seeing good activity and it has been ramping up and the number of escrows has been growing. Stay tuned to hear what Harvey has to say! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/

Let’s talk about what will be happen in the next couple of weeks or months in terms of mortgages as people are coming out of this pandemic. We think it is important for our consumers what would be doable and what would not. If you were furloughed and unable to go to work and do your job, whether you were paid or not or unemployment those things are not relevant. You are giving the title of being furloughed and if you have returned to work and you are back to your normal level of income and that income is sort of guaranteed income meaning a salary it’s an hourly rate based on the number of hours you worked. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Currently available we have 5,771 single family homes and last week we had 6,056 we went down by 285 homes. We put 941 homes in escrow in the past seven days, we closed 497 in the last seven days. There are 188 homes withdrawn from the MLS and that is a fairly number to have for withdraws. The median days on the market are 39 days and have been the same as the last week. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

This week we have currently have available 6,241 homes on the market which is down a 101 from last week. In escrow we have 740 nice number to have right now and this is only from a week, up by 30 from the last week. Closing we have 498 almost 500 closings this week, just a heads up this is only single-family homes it went up significantly from last weeks numbers. The withdrawals are up by a little bit, but these numbers are not that big. Median sold price this week was $320,867 and last week was $315,023. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

In escrow we have 711 single family homes in escrow this week, it went up by 38 from the week before. 362 homes closed this week and went down by 26 from last week. 157 homes were withdrawn from the market and it went down by 14 from the week before that but that is good thing, we are starting to see the market become more normal. Median sold price is at $315,023 it went up by $158, and the median sold price per square foot went up about $5.00 dollars from the week before. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Let’s see this week and last week stats now this is only single-family homes, for this week we have currently available 6,437. Last week we had 6,416 we have gone up only by 21 just a heads up these charts are only a 7-day difference. In the last 7 days we have put 673 single family homes in escrow and that is a really good number. Last week it was 603 which is still a good number, but it went up by 70, for this week we had 388 closings and the week prior it was 319 and we went up by 69. Stay to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

We are still selling homes, sellers can sell, and buyers can buy Realtors are using special protocol making sure that everyone is safe, making people wear mask when showing a property. Realtors are making sure sellers prepare the home by turning on all the lights and opening all interior doors before the buyer gets to the home, so no one has to touch anything. We have a chart that shows the activity from April and in April we had 6,152 homes available and now in May we have 6,416 not much of a difference. Now let’s look at in escrow we currently have 603 pending and from last month (April) we had 342 so we are selling properties and it has not been a problem doing so. Landlords and tenants have new rules put forth by the governors directives. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Here are a couple of things to take into concertation that has become reality, there has been some conversations about the negative consequences about forbearance. Strictly in the law states banks are not allowed to report you late if you have ask or obtain a forbearance on your mortgage and delay those payments is true. But what is getting hid underneath the surface is that they are noting in your account in the comment section that is reported on your credit as being in forbearance with highlights a big red flag on that account for anyone looking at your credit. Lenders will know that you have went into forbearance and that you needed to skip that payment as well as activity that was shown on your credit it is going to have an effect on it, it is going to show a blank spot. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Homeowners are wondering on what is going on with home mortgages. Right now, mortgage rates are really good it also depending on how much money you are willing to put down, credit scores and etcetera. Because of the Corona virus situation, the mortgage market with the GFC (government sponsored entities) like Freddy Mac, Ginnie Mae these are the mortgage securities and they buy up loans to help keep the cash flow and the market flow. They have been a little reluctance to want to buy up more on some types of loans. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Let’s talk about the market conditions for week, now this is only single family homes and we currently have 6,360 homes available we are going based off of past seven days 505 went into escrow that went up by 47 from the prior week and we have closed 369 homes and our closing are down by 41, and 130 homes have been withdrawn from the market that is down from last week. The median sold price was $306,600 and that was down almost about $10,000. The median sold price per square foot $174.46, that is up almost $9.00 dollars and the median days on the market is 34 and it went down by one day. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Now this is only single family homes and this data is from the prior week, we have 6,405 single family homes on the market. That is 70 more from the week before, interestingly we had 458 homes in escrow that is huge jump from last week and went up by 144. We closed 410 homes it went up by 47 homes, the withdrawn are up too there is 154 homes that were withdrawn and went up by 88. Stay tuned to hear more and here what Rick has to say about the stats! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Where did behavior economics come from first, so about 10 years ago economist put up this great model out there and said that the stock market is going to go up because we are having wonderful earnings and the market is going to go down because we have an event like COVID-19 nothing is working because people are not going to work. That explains a lot of the market but that does not explain where things are going based on behavior and for an example the money that I have and make a pay check I treat it differently than the money I make from the stock market, bank accounts or etcetera. Stay tuned to hear more about what Kerry Johnson has to say about behavior economics! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Let’s talk about mortgages, Harvey’s clients are calling him asking questions on what is going on with rates? Right now, we are at a good place with interest rates they are very attractive, and we are at a very low level and far lower than what we were a year ago in interest rates. It is interesting on what the federal reserve is doing they are really supporting the bond market for mortgages and other forms of borrowing. Which is allowing interest rates to stabilize due to everything that is going on there is issues beneath the headline of mortgages. Part of determining what interest rates are is profit streams of a mortgage, there is the interest rate profit itself and there is a second part which is the long-term servicing premium for that mortgage. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

First is that your tax return are not due on April 15th, 2020, your tax return will now be July 15th 2020 and if you do not have it done by July you can put an extension until October 15th, 2020. To go along with that if you are required to make the estimated tax payments this will be a little confusing, your first estimated tax payment is due July 15th and your second estimated tax payment is due July 15, your second due is due before your first quarter is due. Second thing to talk about is those $1,200 checks coming through everyone is entitled for the $1,200 check there is some limitations but if you are making under $99,000 a year you’re good to go and also if have children in the home that are under 18 you are going to get a $500 check for each one of those children. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/

When you look at real estate data on a weekly basis there could be serious anomalies and we don’t want to overreact to any data but I want you to give you guys an idea of what is the market is doing. This is single family homes data and the number of available homes this week we have 5,655, in escrow we have 448 and we sold 567 in the last week, 204 properties that were withdrawn. The median sold price is $317,030 and the median sold price square foot was $175.32, median days on the market is 18 days. From last week we have grown by 502 homes, we have reduced by the number of homes that went into escrow almost by two hundred in this past week. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There is a statue that is called “deed upon death” it was made around 2011 and the reason why it brought up today is because we continue to see orders at Equity Title that opened up which title was acquired by one of these deed upon death. The way it works it that the signer of the dead upon death signs and records a deed naming whoever they want to as grantees often times their children and it does not become affective until that grantors death. This often promoted as a way to avoid probate and unfortunately it does NOT avoid probate and that is an issue and people should be aware of this. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Stock market is going nuts and people are panicking due to the Corona virus but what is the impact on the mortgage industry? Things are moving super-fast and violently, that is not a good sign for interest rates and here is why lenders get interest rates that are set for the morning and they last about two days and it rechanges slightly on a daily basis. In the last couple of days there has been multiple changes per day meaning going higher and higher again and going lower and then going back to higher again. Interest rates are all over the place and the market out there is what sets interest rates for mortgages is making bigger moves in much shorter time that are going to catch people off guard. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/ Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC - NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo

Currently we have 4,569 single family homes available, we have 4,547 under contract or in escrow and in the last 30 days we have sold 2,753 and that leaves us with the months of inventory of an absorption rate of 1.69. We have less than two months’ worth of inventory currently available to buyers right now that is very low. Our average days on the market are 48-day, last month we the numbers are bigger inventory continues to shrink again which turns this into more of a sellers’ market right now, but it is not a crazy sellers’ market right now. So, sellers don’t start thinking you can start over pricing, buyers are still looking for value and there is value out there. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

There is a lot of new homes being built in the Las Vegas valley and Ben Grove gets asked should I be getting a home inspection for my new home build? The answer is yes you should and there is a reason for that when you talk to your builder they will let you know about home warranty that you are getting and that is usually bumper to bumper for everything for the house in the first year. That is one of the advantages when buying a new home but there is a couple of things that Spectrum Inspection wants to do is make sure that there is no major problem with the house and looks at structure things and they also do some stage of construction inspection. Which is a walk through, the framing process, insulation process Spectrum Inspections want to make sure everything is up to standards. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Realtors are self-employment income and are private contractors they usually deal with some issues. First, we want to look at the difference between self-employed consultant or outside contractor employee. Employee is when punch in a punch card and at the end of the two weeks you get a paycheck. When you received that paycheck your federal holdings, Medicare and social security is taking out and the employer is providing mostly all items an employee would need. However, an independent contractor they are both the employee and employer they are responsible for what is called self-employment taxes which is your federal and Medicare. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

How should you hold title when you buy a home? For some people the way they do is having a trust and it is honestly the best way to do it a trust helps you avoid probate. What probate does is that the court decides on who owns your property after you have passed away. If your property is in a trust and the trust owns the property while you are alive or have passed away it does not change so there is no need for probate. Also, a trust gives you a lot more control on what you do with your property and often they will choose joint tenancy. It is a scary thing reason for that joint tenancy most people do not understand what it is. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

Ibuyers are calling themselves disruptors of the system and truth be told they are not new they are just bigger than they were before. But there has always been people out there that have been flippers ibuyers are just a huge flipper. Ultimately you are trading off money for time and in general what people are seeing is that you’re going to net somewhere in the neighborhood about 10 % less of your house or more using one of those programs. They are buying your home to profit from it. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/