Buying a home is, for many, the biggest investment they’ll ever make. It’s not just a place to live, but an asset that can appreciate over time and generate wealth. Tt’s not surprising that homebuyers have become increasingly cautious when it comes to making this decision, especially in times of uncertainty.
Unfortunately, much of the media has contributed to this insecurity by spreading rumors and speculation about the housing market. These alarming headlines and clickbait articles may harm the industry by driving potential buyers away and prolonging the recovery process. But before giving in to fear and panic, it’s essential to take a closer look at the facts and listen to the people who know the market best: real estate professionals.
According to Fannie Mae’s latest report, more than one in five Americans still believe that home prices will decline over the next year. This perception is not necessarily based on reality but rather on misleading information that has been circulating in the media for months. Experts agree that the slight dip in housing prices last year was temporary and that the market has already rebounded in 2023.
In fact, the latest forecasts from various organizations confirm that home prices are expected to increase this year, instead of falling as some sources have suggested. The Fannie Mae forecast, for instance, has been revised from 3.9% to 6.7% appreciation for the year, highlighting the confidence experts have in the market.
While some may still feel skeptical about the housing market’s recovery, it’s crucial to keep in mind that the real estate industry operates differently from other markets. Unlike stocks, for example, which can plummet overnight, the housing market is relatively stable and follows predictable patterns.
Moreover, buying a home is not always about timing the market to get the best price. It’s about finding the right property that fits your lifestyle, meets your needs, and aligns with your long-term financial goals. In other words, while it’s essential to stay informed about the market trends, it’s even more crucial to focus on your personal situation and what you hope to achieve by purchasing a home.
If you’re feeling unsure or worried about the housing market, the best thing you can do is to talk to a real estate professional who can provide you with accurate and up-to-date information. An expert can also help you navigate the complex process of buying a home, from finding the right property to securing financing and closing the deal.
In conclusion, don’t believe everything you read or hear about home prices. Instead, rely on trusted sources, consult with professionals, and focus on your personal goals. Rest assured that the housing market is on a positive trajectory, and many opportunities await those who are ready to take advantage of them.
Henderson is a highly sought-after place to live, particularly for families, and it’s easy to understand why. This vibrant city is renowned for its holiday spirit, which adds to its overall appeal. If you haven’t had the opportunity to experience the magic of Henderson during the holiday season, here are some annual traditions that are worth exploring.
Start your festivities with Thankful Thursdays in November, celebrating Be Kind Month at Valley View Recreation Center, where you’ll find various activities for the entire family. Alternatively, join the pre-Thanksgiving Harvest Festival at Black Mountain Recreation Center on November 17, where you can enjoy carnival games, candy apples, apple cider, and a scarecrow craft activity with your kids.
Throughout the city, you’ll find numerous tree-lighting events that will get you into the holiday spirit. The District at Green Valley Ranch hosts its annual Christmas Tree Lighting Celebration on Saturday, November 18, with appearances from the Sugarplum Fairy, The Nutcracker, and Jolly St. Nick. Indulge in treats, enjoy live music, and join in on the fun.
Enjoy a Celtic Christmas at the Village at Lake Las Vegas on November 18, where you can witness the community’s annual Christmas tree lighting and savor the musical talent of Annie Meadows. The event also offers complimentary hot chocolate.
Don’t miss out on Downtown Henderson’s WinterFest, a two-day event starting November 30, with a tree-lighting ceremony and an impressive drone show. Witness the Lights Parade on Friday, featuring unique holiday floats and entertainment.
Merry Grinchmas at Heritage Bark Park is perfect for pet owners who want to include their furry friends in their celebrations. Join the event on December 1 for pop-up agility courses, festive treats, and photos with the Grinch.
Additionally, The District at Green Valley hosts a Pet Party with Santa on December 11, which is exclusive to pets. Finally, the Reindeer Dash 5K run and the 1-mile walk at Cornerstone Park on December 16 will provide a wonderful opportunity to show off your most cheerful holiday costume or your ugliest holiday sweater.
Henderson has an extensive range of events and activities for you and your family to enjoy this holiday season. For more information, feel free to contact my office, and we’ll be more than happy to help you find the perfect place to call “home.”
Additionally, The District at Green Valley hosts a Pet Party with Santa on December 11, which is exclusive to pets. Finally, the Reindeer Dash 5K run and the 1-mile walk at Cornerstone Park on December 16 will provide a wonderful opportunity to show off your most cheerful holiday costume or your ugliest holiday sweater.
Henderson has an extensive range of events and activities for you and your family to enjoy this holiday season. For more information, feel free to contact my office, and we’ll be more than happy to help you find the perfect place to call “home.”
Henderson, consistently ranked among the top places to live in the country, particularly for families, boasts a vibrant holiday spirit that truly captures its allure.
If you have not yet experienced the city during the holidays, here are some annual traditions to explore throughout the season. Kick off with Thankful Thursdays in November, with various activities as part of Be Kind Month at Valley View Recreation Center. On November 17, join the pre-Thanksgiving Harvest Festival at Black Mountain Recreation Center. Enjoy carnival games, candy apples, apple cider, and a scarecrow craft activity at this kid-friendly event. Additionally, there are several tree-lighting events across the city for those who love Christmas trees.
The District at Green Valley Ranch hosts its annual Christmas Tree Lighting Celebration on Saturday, November 18. Join the Sugarplum Fairy, The Nutcracker, and Jolly St. Nick for a joyous event. Indulge in treats while enjoying live music.
Enjoy a Celtic Christmas at the Village at Lake Las Vegas on November 18. Witness the community’s annual Christmas tree lighting and savor the musical talent of Annie Meadows. Complimentary hot chocolate will be served.
Prepare for Downtown Henderson’s WinterFest, a two-day event starting Thursday, November 30. The festivities kick off with a tree-lighting ceremony and an impressive drone show. On Friday, witness the Lights Parade featuring unique holiday floats and entertainment.
Merry Grinchmas at Heritage Bark Park is perfect for your four-legged family members. Join the event on Friday, December 1, for pop-up agility courses, festive treats, and photos with the Grinch.
Don’t miss The District at Green Valley’s Pet Party with Santa on December 11 from 4 to 7 p.m. Let your pets join in on the fun.
Get active with the Reindeer Dash 5K run and the 1-mile walk on Saturday, December 16, at Cornerstone Park. Dress up in your most cheerful holiday costume or an ugly holiday sweater.
Additionally, The District at Green Valley hosts a Pet Party with Santa on December 11, which is exclusive to pets. Finally, the Reindeer Dash 5K run and the 1-mile walk at Cornerstone Park on December 16 will provide a wonderful opportunity to show off your most cheerful holiday costume or your ugliest holiday sweater.
Henderson has an extensive range of events and activities for you and your family to enjoy this holiday season. For more information, feel free to contact my office, and we’ll be more than happy to help you find the perfect place to call “home.”
Henderson, consistently ranked among the top places to live in the country, particularly for families, boasts a vibrant holiday spirit that truly captures its allure.
If you have not yet experienced the city during the holidays, here are some annual traditions to explore throughout the season. Kick off with Thankful Thursdays in November, with various activities as part of Be Kind Month at Valley View Recreation Center. On November 17, join the pre-Thanksgiving Harvest Festival at Black Mountain Recreation Center. Enjoy carnival games, candy apples, apple cider, and a scarecrow craft activity at this kid-friendly event. Additionally, there are several tree-lighting events across the city for those who love Christmas trees.
The District at Green Valley Ranch hosts its annual Christmas Tree Lighting Celebration on Saturday, November 18. Join the Sugarplum Fairy, The Nutcracker, and Jolly St. Nick for a joyous event. Indulge in treats while enjoying live music.
Enjoy a Celtic Christmas at the Village at Lake Las Vegas on November 18. Witness the community’s annual Christmas tree lighting and savor the musical talent of Annie Meadows. Complimentary hot chocolate will be served.
Prepare for Downtown Henderson’s WinterFest, a two-day event starting Thursday, November 30. The festivities kick off with a tree-lighting ceremony and an impressive drone show. On Friday, witness the Lights Parade featuring unique holiday floats and entertainment.
Merry Grinchmas at Heritage Bark Park is perfect for your four-legged family members. Join the event on Friday, December 1, for pop-up agility courses, festive treats, and photos with the Grinch.
Don’t miss The District at Green Valley’s Pet Party with Santa on December 11 from 4 to 7 p.m. Let your pets join in on the fun.
Get active with the Reindeer Dash 5K run and the 1-mile walk on Saturday, December 16, at Cornerstone Park. Dress up in your most cheerful holiday costume or an ugly holiday sweater.
Henderson has a wide range of events and activities for you and your family to enjoy this holiday season. If you’re interested, contact my office and we’ll help you find the perfect home.
Blue Heron’s Shoreline community perfectly embodies the desirable lakeside living experience. With its Vegas Modern charm, stunning vistas, and lakeside amenities, this boutique Nexus gated community offers 83 semi-custom homesites. Each two-story curated floor plan, ranging from 2,740 to 3,668 square feet, features three distinct options for a sky deck on the third-story. Prices start at $964,990 and customizations are far from the rest.
Living in Shoreline means embracing a unique lifestyle centered around the lake. Enjoy paddleboarding, paddle boats, swimming, and kayaking. This one-of-a-kind community fosters a connection to nature through scenic walking and biking trails, world-class golf courses, and breathtaking vantage points. The vibrant village of Lake Las Vegas is just a stone’s throw away, offering charming shops, gourmet restaurants, and lively entertainment options. Plans are underway for a dedicated walking trail exclusively for Shoreline residents, ensuring easy access to the nearby urban area.
Beyond the community itself, Lake Las Vegas hosts a range of monthly events including live concerts, fun runs, boat races, and moonlight paddleboarding. These activities contribute to a strong sense of community and ensure there is always something happening.
Experience elevated living with Elevar, a stunning Vegas Moder design featuring a double-height ceiling, panoramic sky deck, and a great room as expansive as the desert. The rear-oriented kitchen seamlessly flows into the great room, mirroring the fluidity of the lake and creating a seamless connection with the community just beyond your door.
Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.
You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house. This graph from Calculated Risk can help put that into perspective:
As the graph shows, while housing inventory did grow slightly week-over-week (shown in the blue bar), overall supply is still low (shown in the red bars). Compared to the same week last year, supply is down roughly 10% – and it was already considered low at that time. But, if you look further back, you’ll see inventory is down even more significantly.
To gauge just how far off from normal today’s inventory is, let’s compare right now to 2019 (the last normal year in the market). When you compare the same week this year with the matching week in 2019, supply is about 50% lower. That means there are half the homes for sale now than there’d usually be.
The key takeaway? We’re still nowhere near what’s considered a balanced market. There’s plenty of demand for your house because there just aren’t enough homes to go around. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“There are simply not enough homes for sale. The market can easily absorb a doubling of inventory.”
So, if you want to list your house, know that there’s only about half the inventory there’d usually be in a more normal year. That means your house will be in the spotlight if you sell now and you may see multiple offers and a fast home sale.
Bottom Line
With the number of homes for sale roughly half of what there’d usually be in a more normal year, you can rest assured there’s demand for your house. If you want to sell, let’s connect now so your house can shine above the rest while inventory is so low.
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.
Challenge #1: The Reluctance to Take on a Higher Mortgage Rate
According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):
But today, the typical 30-year fixed mortgage rate offered to buyers is closer to 7%. As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as the mortgage rate lock-in effect.
The Advice: Waiting May Not Pay Off
While experts project mortgage rates will gradually fall this year as inflation cools, that doesn’t necessarily mean you should wait to sell. Mortgage rates are notoriously hard to predict. And, right now home prices are back on the rise. If you move now, you’ll at least beat rising home prices when you buy your next home. And, if experts are right and rates fall, you can always refinance later if that happens.
Challenge #2: The Fear of Not Finding Something to Buy
When so many homeowners are reluctant to take on a higher rate, fewer homes are going to come onto the market. That’s going to keep inventory low. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“Inventory will remain tight in the coming months and even for the next couple of years. Some homeowners are unwilling to trade up or trade down after locking in historically-low mortgage rates in recent years.”
Even though you know this limited housing supply helps your house stand out to eager buyers, it may also make you feel hesitant to sell because you don’t want to struggle to find something to purchase.
The Advice: Broaden Your Search
If fear you won’t be able to find your next home is the primary thing holding you back, remember to consider all your options. Looking at all housing types including condos, townhouses, and even newly built homes can help give you more to choose from. Plus, if you’re able to work fully remote or hybrid, you may be able to consider areas you hadn’t previously searched. If you can look further from your place of work, you may have more affordable options.
Bottom Line
Instead of focusing on the challenges, focus on what you can control. Let’s connect so you’re working with a professional who has the experience to navigate these waters and find the perfect home for you.
👉 Whether you’re looking to buy or sell, Susan Marques, your dedicated REALTOR®, is here to guide you through the dynamic Las Vegas real estate market.
Contact her today to discuss your goals and make the most of these favorable market conditions.
Situated amidst the prestigious Ascaya community, 19 Rockstream Drive stands out as a modern architectural marvel that embodies nature-friendly net-zero design, supreme privacy, and breathtaking views of the McCullough Mountain Range and Las Vegas Strip.
The 2023 New American Home showcases industry innovations, revolutionary design concepts, construction techniques and lifestyle trends.
Photo Courtesy from The Agency Listing presented by Kylie Lum & Melissa Tomastik
This stunning 5-bedroom, 7-bathroom, 8,211-square-foot was awarded the prestigious designation of the 2023 New American Home during the annual Las Vegas International Builders’ Show. Created by the highly acclaimed Nevada-based LUXUS Design Build team, has been deemed the New American Home 2023, a coveted honor in the world of luxury homes.
Michael Gardner, principal and founder of Studio g Architecture and Luxus Design Build, was awarded the project.
With completion and furnishing support from MASS Beverly Los Angeles, this turnkey estate boasts a plethora of lavish amenities and ingenious design elements. The chef’s kitchen, 452-bottle wine wall, and home office are just a few of the remarkable features that highlight the home’s thoughtful and meticulous construction and decoration. From its luxurious finishes to expert detailing, this property is the pinnacle of high-end living.
Emerald” certification, the highest honor offered by the National Association of Home Builders.
The primary suite is certainly a homeowner’s dream, with an infrared sauna, kitchen, and lounge area that offer a resort-style retreat inside your own residence. Step outside and explore the home’s 2,000+ square feet of outdoor living space, where an extraordinary retreat awaits. The area boasts two pools, a spa, and two kitchens that extend your living space beyond the home’s walls to take in the natural surroundings, perfect for entertaining friends or simply enjoying some quiet time.
Virtue Luxury Real Estate Group BS.0146408
Susan Marques
Listing presented by Kylie Lum & Melissa Tomastik
References:
Las Vegas Review Journal - “New American Home to list for $15M” by Valerie Putnam Real Estate Millions (March 10, 2023)
The Agency “ 19 Rockstream Drive Ascaya, Henderson, NV 89012”
Join us for a tour of the stunning Blue Heron Show Home and discover the unique features that set apart the BH Nexus Experience from the Custom Home Elite Experience.
Discover the three essential elements for personalizing your BH Nexus curated floor plans: exterior experience, Interior options, and Structural features. These components provide the foundation for uniquely tailored Vegas Modern Designs.
Inspired by its namesake, Vegas Modern 001, our Vegas Modern Philosophy describes our timeless approach to architecture, design, and construction that transcends eras and inspires future generations.
Blue Heron’s Elite division believes that the true discovery of your custom home exceeds merely identifying how many rooms it should have. Knowing you and your lifestyle is key to achieving that perfect Elite Home design.
The streamlined custom process is all under one roof at Blue Heron. This all-inclusive experience at Blue Heron perfects a seamless discovery and process of your Home design. encapsulates all your desires for your dream Home. Creating a customized Home plan that illustrates your ultimate Home vision catered to your lifestyle. It takes approximately 12-18 months to bring your vision to life, creating a space that is truly your own.
Three key features of the Elite Custom Home Division at Blue Heron
• Blue Heron offers a comprehensive discovery process to create custom Home design.
• The process is designed to capture clients’ visions and create personalized Home plans.
• It typically takes 12-18 months to bring the plan to life.
BH Nexus Community Home Division
BH Nexus represents Blue Heron’s community Home division with exquisite semi custom floor plans curated with your lifestyle in mind.
BH Nexus Communities situated in some of the most prestigious master-planned communities in the Las Vegas Valley. They blend physical and human nature seamlessly together with their biophilic home designs that blur the lines between the indoor and outdoors.
These thoughtfully curated floorplans are intentional designs with nature in mind. Drawing in desert elements with tranquil exterior spaces while entwining modern elements creates timeless Home designs. Typically BH Nexus communities offer 3-4 curated floor plans with semi-custom options to make your own.
“Your dream Home isn’t just a space. It’s an experience. As a design-build firm, we will provide you with a dedicated team of experts from designers to construction teams. These partners will work with you every step of the way to ensure your Blue Heron Home is a personalized world that feeds your soul, amplifies your vibe, and energizes as much as it soothes,” Blue Heron.
There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. After several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing but now we are seeing a rise in some areas and leveling in others.
With low inventory and buyer demand nearly 1 in 4 home sellers are planning on selling their homes within the next 3 years according to a recent study by Zillow. The highest percentage ever recorded by Zillow since they started tracking this data.
“An annual gain in home sales will not occur until 2024,” said Yun. “Meanwhile, home prices will be steady in most parts of the country with a minor change in the national median home price,” CNN Business.
According to Yun, that’s limiting just how low or high prices will go in inventory. “We simply don’t have enough inventory. Will some markets see a price decline? Yes. [But] with the supply not being there, the repeat of a 30 percent price decline is highly, highly unlikely.”
As you can see in the graph below, we’ve been at or near record-low inventory levels for a few years now.
That lack of available homes on the market is putting upward pressure on prices. Bankrate puts it like this:
“This ongoing lack of inventory explains why many buyers still have little choice but to bid up prices. And it also indicates that the supply-and-demand equation simply won’t allow a price crash in the near future.”
If more homes don’t come to the market, a lack of supply will keep prices from crashing, and, according to industry expert Rick Sharga, inventory isn’t likely to rise significantly this year:
“I believe that we’re likely to see low inventory continue to vex the housing market throughout 2023.”
Sellers are under no pressure to move since they have plenty of equity right now. That equity acts as a cushion for homeowners, lowering the chances of distressed sales like foreclosures and short sales. And with many homeowners locked into low mortgage rates, that equity cushion isn’t going anywhere soon.
With so few homes available for sale today, it’s important to work with a trusted real estate agent who understands your local area and can navigate the current market volatility.
Bottom Line
A lot of people expected prices would crash this year thanks to low buyer demand, but that isn’t happening. Why? There aren’t enough homes for sale. If you’re thinking about moving this spring, let’s connect.
With no state income tax, access to the greatest entertainment 24/7, exceptional dining experiences, great outdoor sports and now professional sports teams – it’s no brainer why Las Vegas is growing at a rapid rate but the valley is surrounded by mountains with limited to no expansion. So the big question is this: Is Las Vegas running out of land?
“North Las Vegas is set to add more than 100,000 residents by 2030. The northwest isn’t the only area in the valley expected to see a boom over the next decade,”
Las Vegas & Henderson Fastest Growing Cities in Nevada
Las Vegas and Henderson are the fastest growing cities in Nevada. North Las Vegas is experiencing a surge in manufacturing and warehousing businesses, creating an abundance of jobs that call for housing, according to John Lee, the mayor of North Las Vegas. Mayor Lee recognizes the great opportunity this provides to fill the city’s available land with homes while adding hundreds of new members to its workforce.
Henderson is positioned to become a major destination for businesses and residents looking to move into the Las Vegas valley as well. With close to 70,000 new residents expected in the coming decade, West Henderson and Cadence, located on the Eastside of Henderson, are at the center of its growth trajectory.
According to City Planner Richard Derrick’s public statement: “The new corporate headquarters of the Las Vegas Raiders, the soon to be completed home of the Henderson Silver Knights and new developments by businesses such as Google and Haas Automation show that Henderson continues to diversify as it grows.”
Buy, Sell, Invest.
Servicing the Las Vegas and Henderson, Nevada area. Providing an unparalleled luxury concierge experience tailored to each client.
Nevada tops the list as having more of its land owned by the federal government than any other US state. This amounts to a staggering 27% of total acreage across all fifty states, amounting to 615 million acres reserved primarily for conservation and recreation purposes. So with all this demand will housing in the Las Vegas Valley grow outward, upward – or both? Most likely the latter but while land is in high demand Northwest Las Vegas may have the upper hand.
“More than 85 percent of Nevada’s land area is owned and administered by the federal government,”
With 100,000 residents anticipated to move to NW Las Vegas by 2030 land is a true commodity – especially in the booming Northwest so wanted to bring two expansive plots of land to your attention.
Build your dream Home with no limits on this property that encompasses five parcels totaling +/- 37.5 gross acres zoned Rural Residential in the highly desired area of the booming NW Las Vegas, Nevada. Mountain views surround this perfectly located property adjacent to the master plan community of Silverstone Ranch, a master plan community of 1,526 homes, and the beautiful Gilcrease Orchard.
“Through their non-profit foundation, they aimed to provide recreational and educational experiences that teach children where our food comes from and how it is grown, helping to foster an appreciation for the earth’s bounty and a healthy lifestyle,
As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor.
It could be a High Rise condo in Las Vegas, a spacious home in a guard gated community or one with access to luxury amenities and entertainment. The home itself will also boast some of the finest features available. According to the Luxury Market Report from the Institute for Luxury Home Marketing, there’s been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It says:
“. . . North America recorded the fastest growth of demand during the first year of the pandemic. Also, demand has . . . consistently increased, and even in April 2022, we saw a higher volume of sales compared to 2021.”
The Institute of Luxury Home Marketing
If you own a luxury home, it could be a great time to list your house today while demand is so high. But first, let’s understand where the demand is coming from.
What’s Driving the Heightened Buyer Demand for High-End Homes?
The same report says more people have reached a certain net-worth threshold, and that’s contributing to the increased interest in luxury housing:
“In 2020, we saw a 2.2% growth in the number of individuals with wealth of over $5 million in net value, but in 2021 that number grew by an outstanding 19.8%. This total increase has resulted in the introduction of over 660,000 new individuals into the high net-worth bracket, which, combined with the existing affluent looking to both diversify and add new properties to their portfolio, provides a true insight into why the demand for luxury properties skyrocketed during 2021 and into 2022.”
So, if you’re looking to make changes to your real estate portfolio or are looking to sell your current house, it may be a great time to list and benefit from the high demand for luxury homes today.
KEY TAKEAWAYS Real estate isn’t considered luxury just because it’s expensive. It also must be unique, exclusive, and perceived as superior. High-end buyers want access to activities such as luxury shopping, dining, and the arts, as well as proximity to similar homes. Luxury real estate investors can flip a mansion, invest internationally, buy a luxury condo, buy a high-end vacation property, or build from scratch.
Investopedia
Bottom Line
If you own a luxury home and want to know how strong demand is in your area, let’s connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.
Bottom Line
If you own a luxury home and want to know how strong demand is in your area, let’s connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.
