Jeremy Warner, writing in the UK Telegraph, presents an interesting chart showing price-income ratios for various Chinese cities as well as a sample of other nations. Beijing and Shanghai look particularly scary. Income growth is really going to have to keep going up at a fast pace or this is likely to be a problem. Chinese authorities are aware of this but it is difficult to forecast what happens in a slowdown. Transaction volume is beginning to slow. By comparison, U.S housing, while it could still be overvalu... read more

This is a question we constantly receive from out-of-state buyers. Watch this clip of our Las Vegas Monthly Market Update to hear Bob Hamrick recount these reassuring facts presented to him at last month's Latin Chamber of Commerce luncheon, from the Las Vegas Water authority. Click HERE to download the referenced Water Resource Plan.  ... read more

May 24, 2018 Dear Ms. Sharf: Re: Forbes May 14th, 2018 – Most Overvalued Housing Market Please pause to consider some important alternate facts. Firstly, the Las Vegas unemployment is way down, not up. Secondly, our housing market is healthy again having rebounded strongly from the lows in 2009-10. Contrary to Fitch’s assertion, we see the current local market fundamentals as far different from those of the recent boom-bust. Today’s positive economics are based on conventional and sustainable val... read more

Thinking about buying a home? Why not consider something brand-new? Newly constructed homes are transforming today’s housing market, offering convenience, customization, and cutting-edge features. According to the National Association of Realtors (NAR), new builds accounted for 15% of all homes sold last year—the highest percentage in 17 years!   In Henderson, the Persona community by Contour Homes exemplifies the best of modern homebuilding. Situated near... read more