The ongoing coronavirus pandemic has done nothing to quell the upward trajectory of home prices in Southern Nevada.   The median price for an existing home in the area was $345,000 in November, according to a report released by the Las Vegas Realtors trade organization today. The monthly figure, for the sixth month in a row, set a new all-time record. It’s a puzzling trend for some amid one of the most economically challenging years in recent Nevada history. “Like other places around the count... read more

The US housing market is far from crashing in 2020 or 2021. In fact, it continues to play an important supportive role in the country’s economic recovery. Current economic conditions resemble a “swoosh” pattern, with the initial impact from the lockdown followed by a gradual recovery as the economy reopens. Mortgage rates and slow but steady improvements to the job landscape continue to propel confidence for first-time buyers. If the reopening is followed by another wave of the COVID pandemic lea... read more