Las Vegas condo-hotels hit hard by the COVID-19

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While Las Vegas condo-hotels sales had dropped in 2019, COVID-19 exasperated the situation in 2020 and condos can be bought at large discounts in 2021 Las Vegas condo-hotel towers consist of Platinum Hotel, Signature at MGM Grand, Palms Place, CityCenter Vdara, and Trump International Hotel that we call Trump Tower. …

Median price doesn’t measure home price gains, losses. What does?

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One of the most significant errors made about housing market reports is that they mistake price per square foot ratio of sold homes with the median price.  “Las Vegas home prices set record in June as sales rebound,” wrote Las Vegas Review-Journal on July 7th. The reason is that the …

Silly low-ball offers on our Las Vegas home listing

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Unfamiliarity with the housing market reports result in extremely silly low-ball offers on Las Vegas home listing In a Realtor’s forum, I saw a post from a Realtor complaining about a new home salesperson refusing to show her offer to her supervisor, saying that she did not doubt that her …

No tsunami of foreclosures in Las Vegas due to COVID-19

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Positive equity should prevent a tsunami of foreclosures in Las Vegas in 2020 In this post, we will explain why we shouldn’t see an avalanche of foreclosures in Las Vegas as a result of the COVID-19 recession. The Great Recession of 2007-2011 resulted in a tsunami of foreclosed homes, condos, …

Pros and cons of mortgage forbearance of 2020

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What is a mortgage forbearance, and what is it not? To protect homeowners from the Coronavirus hardship the United States government came up with the CARES Act, which includes six months of forbearance for a government-backed mortgage loans, which is extendable by another 180 days. As of June 3, 2020, …

Conflicting 2020 forecast for Las Vegas by Realtor dot com

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Two opposing Las Vegas housing market forecast for 2020. What are these PHD researchers at National Association of Realtors smoking? Two opposing Las Vegas housing market forecast for 2020. What are these PHD researchers at National Association of Realtors smoking? The National Association of Realtors (NAR) first Las Vegas housing …

Unusual Las Vegas real estate market forecast for 2020, Video

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Las Vegas housing market should have witnessed far better price gains than it did but why it didn’t? In order to do a Las Vegas real estate market forecast for 2010, we have to take a look back at a very unusual 2019. The law of supply and demand is …

Las Vegas luxury home market report October, 2018

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Why double-digit median price gains don’t apply to Las Vegas luxury home market? Las Vegas luxury home market is unlike the Las Vegas real estate market that you read about in news articles. In this video we explain why the significant price gains of cheaper track houses don’t apply to …

Las Vegas real estate market highly overvalued! June 2018

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Are Las Vegas home prices really overvalued by 21.3%? The Las Vegas real estate market is overheated and according to a highly cited study by Fitch Ratings, home prices in the area are 21.30% above fair market value. Wow! And then an avalanche of articles about a housing bubble ensued …

Las Vegas high-rise condo market is starting to roar May, 2018

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Big improvements in Las Vegas high-rise condo market in the first 5 months of 2018 After 3 years of little improvements in Las Vegas high-rise condo market which resulted in 3% median price gain from 2014 to 2017, it has come to life. And in the first 5 months of …