RE/MAX Ranked #1 in National Report

According to the National Report data, "RE/MAX agents continue to lead the industry, ranking as the most productive among the elite national real estate franchises, according to preliminary results from the 2013 RISMedia Power Broker Report Top 500." The top 100 brokerages that had been analyzed in the data were comprised of 71 RE/MAX companies. That is a very impressive achievement and indicates quite a lot about the overall functionality of RE/MAX companies and agents. As an ambitious real estate team, we are proud to identify with RE/MAX as our trusted brokerage and believe that our clients can also be confident in our combined teamwork!

Read more about the report:
http://www.remax.com/c/about/news_article/re-max-ranked-1-in-national-report

Souce: REMAX.com

Surging Home Values in Las Vegas Expected to Keep their Momentum

From the article: "Las Vegas home values have soared and are expected to rise further, boosting the region's fragile economy recovery... Cash investors, who snap up cheap Las Vegas homes to use as rentals, are behind much of the housing sector's recovery. Sale prices, home values, new home sales and construction projects are on the rise, although still nowhere near the boom years."

Read more on this story at the following link:
http://www.vegasinc.com/news/2013/apr/24/surging-home-values-las-vegas-expected-keep-moment/

Photography: ASSOCIATED PRESS
Source: VEGASINC.com

April National Housing Report: What It Means for You

Information below is from the official RE/MAX blog:
http://www.remax.com/c/real-estate-advice/housing_wire_blog

Critical advice for buyers and sellers in the current market:

For buyers: Keep at it. It's still a great time to buy as mortgage rates are hitting yet another average low; however, because the buying conditions are great, your competition has increased. On top of that, the amount of homes for sale has declined with the new demand, which means it's quite possible your offer on a property could be one of multiple offers the seller will consider. Start a conversation with your local agent about the buying and selling trends in your area. Your greater awareness and your agent's knowledgeable guidance are a good combination for landing the right property for you. 

For sellers: Buyer interest and sales remain strong, and the trend is expected to last into the summer. Because the amount of homes for sale is low, prices are not only showing signs of a sustained recovery, but increases in equity as well. That's good news for homeowners who had lost equity or were underwater in recent years. However, finding the next home you buy on a timeline that coincides with the closing timeline on your current home could be a challenge. Take a proactive approach with your agent on options for the closing period and creating a plan for your next purchase.

See the National Housing Report in the previous blog post below.

Source: REMAX.com

RE/MAX National Housing Report - April 2013

The housing recovery continues across the nation. Click on the images below to view this month's official RE/MAX National Housing Report:

Source: REMAX.com

Las Vegas Strip to Get New York-Style Public Park

More attractions to come at the Las Vegas strip! The illustration below demonstrates a representation of how the $100 million public park is to look at the intersection of Las Vegas Boulevard and Rue de Monte Carlo.

Check out the sourced article for details and more rendered park images:
http://www.lasvegassun.com/news/2013/apr/18/us-vegas-strip-outdoor-overhaul/

Source: LASVEGASSUN.com

Activity from First-Time Homebuyers Increases in February

Investor interest in buying homes remains strong, while first-time homebuyer interest is steadily growing! According to results from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, first-time homebuyers made up 34.5 percent of home purchase transactions in February. Furthermore, homebuyer traffic measured by the HousingPulse index has shown that first-time homebuyer traffic has spiked to a four-year survey high of 66.4 percent in February (an index score above 50 percent reflects an increase in home shopping traffic).

Read more at the article:

http://www.dsnews.com/articles/survey-activty-from-first-time-homebuyers-increases-in-february-2013-04-03

Source: DSNEWS.com

Sunrise/Whitney Offers Everything from Mansions to Manufactured Homes

From the article: "The Sunrise and Whitney areas have a wide range of housing. The area features some of the valley’s oldest and most densely packed manufactured housing with many residents who have lived in the neighborhood for several years. Only a few blocks away there are tracts of Mediterranean-style homes from the most recent boom. There are also patches of older, established ranch properties that have been enveloped by suburbia."

If you're seeking a substantial investment, the Sunrise/Whitney area may be a great place to start your search!

http://www.reviewjournal.com/view/sunrise/sunrisewhitney-offers-everything-mansions-manufactured-homes

Source: REVIEWJOURNAL.COM

Las Vegas Home Prices 30 Percent Higher than Year Ago

According to a GLVAR report noted in the article, this 30 percent price increase is attributed to the combination of a heavy demand for houses with a tight supply of actual housing availability. Check out the link provided below for some recent market stats and more on the story.

http://www.vegasinc.com/news/2013/apr/09/las-vegas-home-prices-30-percent-higher-year-ago/

Source: VEGASINC.com

Builders Snap up Pricier Land Parcels to Meet Thirst for New Homes

From the article: "Las Vegas is seeing “extraordinary market conditions” with a 90 percent increase in residential land prices from a year ago and 37 percent increase in total sales volume, a local land expert said... The spike in land values and acquisitions is largely attributable to improvement in the new-home market."

Read more here:
http://www.reviewjournal.com/business/housing/builders-snap-pricier-land-parcels-meet-thirst-new-homes

Photography: JESSICA EBELHAR
Source: REVIEWJOURNAL.com

Report: Home Prices UP, Most March Sales Traditional Transactions

The latest numbers from the Greater Las Vegas Association of Realtors are indicating that Las Vegas is on the move toward returning to a normal housing economy. Read the article linked below for housing market stats and predictions for the coming year.

http://www.reviewjournal.com/business/housing/report-home-prices-most-march-sales-traditional-transactions

Photography: DAVID BECKER
Source: REVIEWJOURNAL.COM

Organize the Chaos: 3 Strategies for Tackling Spring Cleaning

Make a plan, involve the family, and don't forget the outside! Read about how to put these tips into action when giving your investment (or even just your own home) a much-needed spring cleaning.

http://www.remax.com/c/housing-blog/blog-post/organize-the-chaos-3-strategies-for-tackling-spring-cleaning

Source: REMAX.com

Las Vegas One of Best Places to Buy a Home to Rent Out

According to a new report from RealtyTrac, the median sales price of a three-bedroom home in Las Vegas is $115,000, and the average monthly rent is $1,575. Considering rental income along with the subtraction of mortgage payment, property taxes, repairs and other costs, the cash flow averages out at $506 every month. This puts Las Vegas investments at the top of the list, making it the 5th BEST market in the U.S. for buying single-family rentals!

Check out the news article for more info:

http://www.vegasinc.com/news/2013/apr/03/las-vegas-one-best-places-buy-home-rent-out/

Source: VEGASINC.com

Most ZIP Codes in Las Vegas Valley See Growth in Home Values

According to analysts, the Las Vegas housing market has entered the early stages of a recovery cycle. Check out the article linked below for price appreciation rates organized by ZIP code (as determined by the SalesTraq housing research firm):
http://www.reviewjournal.com/business/housing/most-zip-codes-las-vegas-valley-see-growth-home-values

View the percent change in home values by ZIP code at the following PDF:
http://www.reviewjournal.com/sites/default/files/field/files/2012_Home_Values.pdf

Image: DAVID STROUD

Source: REVIEWJOURNAL.com