Based on the latest Zillow market report for November 2023, monthly costs for a new mortgage are falling, inventory is trending back toward normal, and price cuts are uncharacteristically common. “Despite high-cost headwinds, buyers have a few things to be thankful for in today’s market,” said Zillow Chief Economist Skylar Olsen. “Home prices are cooling…
Las Vegas home prices rising while inventory shrinks Based on new data from Las Vegas Realtors, housing supply continued to shrink in November 2023, while fewer homes are selling and prices are higher than the same time last year. LVR reported that the median price of existing single-family homes sold in Southern Nevada through its…
Climate change ranked second biggest luxury housing market risk in 2024 Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point. While two major geopolitical crises unfold,…
