• Understanding Vegas Property Trends from December 2024 to January 2025

  • Jan 10 2025
  • Length: 29 mins
  • Podcast

Understanding Vegas Property Trends from December 2024 to January 2025

  • Summary

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    Could the shifting tides of the Las Vegas real estate market impact your next big move? Discover the fascinating dynamics behind December 2024's record-breaking median home prices, even in the face of high interest rates and a softening market. We unravel the reasons behind over 25,000 realtors exiting the National Association of Realtors and contemplate the ripple effects on the real estate industry as we step into 2025. Join us as we extend our thoughts and prayers to those affected by the California fires and explore the influence of the Federal Reserve's decisions and stock market trends on rising mortgage rates.

    Are you weighing the options between a single-family home and a condo? Our discussion spotlights the motivations and preferences of buyers in today's challenging market. While entry-level single-family homes are in high demand, we explore the allure of townhomes and high-rise condos, ideal for those craving a hassle-free lifestyle or a luxurious second home. Evaluate the incentives builders are offering for new constructions and get a glimpse into the price ranges that might fit your budget, from high-rise condos with extensive amenities to more affordable townhome options.

    Navigating the real estate market as a first-time buyer or a move-up buyer? We tackle the hurdles posed by high interest rates and limited down payment assistance, shedding light on programs like Home is Possible and Chinoa. Understand the complexities and potential pitfalls of these assistance options, including restrictions on refinancing and financial implications. By sharing a realistic view of the benefits and drawbacks, we aim to empower you with the knowledge to make informed real estate decisions. Engage with us for insights and guidance tailored to your home buying journey.

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    Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

    Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

    Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

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