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Ruthie Rocks & Teaching Jim Audio Experience - Las Vegas Home Prices Rising Fast, But Still Trail US Average
Price Jump
Home prices grew rapidly in Southern Nevada and other metro areas in May
Phoenix 25.9%
Seattle 23.4%
Tampa. Fla 18%
Portland Ore. 17.50%
Charlotte N.C 16.9%
Las Vegas 15.5%
Detroit 15.5%
Washington D.C 14.8%
Atlanta 14.3%
Chicago 11.1%
Source: S&P Dow Jones Indices
Today, Governor Sisolak is going to imposed a new mandate that requires everyone, vaccinated or not, to wear masks indoors in public places with high rates of COVID-19 transmission, including Clark County
The governors directive aligns with new recommendations earlier in the day from centers for disease control and prevention. The directive includes a three-day grace period that gives businesses and residents until 12:01 AM Friday to comply
"Businesses and residents in the counties with substantial or high transmissions are strongly urged to adopt the changes as soon as possible" said news release from the governor's office
Citing CDC Data, the governor's office said 12 or Nevadas 17 counties are currently considered to have substantial or high transmissions: Carson. Churchill, Clark, Douglas, Elko, Esmeralda, Lincoln, Lyon,Mineral,Nye,Washoe and White Pine.
The State's mandate does not apply to participants in certain actives or events including athletes, performers and musicians.
Top 5 Foreign Buyers
Canada (8% or foreign buyers, $4.2B)
Mexico (7% of foreign buyers, 2.9B)
China (6% of foreign buyers, $4.5B)
India (4% of foreign buyers, $3.1B)
United Kingdom (4% of foreign buyers, $2.3B)
2021 Highlights
$54.4 Billion
Dollar volume of foreign buyer residential purchases during April 2020-march 2021
(2.8% of $1.96 trillion of the dollar volume of existing-home sales.)
107,000
Number of foreign buyer existing-home purchases during April 2020- march 2021
(1.8% of 5.79 million of existing-home sales)
58%
Foreign buyers who reside in the United States (recent information immigrants (less that two years at the time of the transaction) or none-immigrant visa holders (Type B)
39% - foreign buyers who paid all-cash (compared to 19% among all the existing home buyers)
42% - foreign buyers who purchased property for use as vacation home, rental or both
65% - Foreign Buyers who purchased a detached single-family home or townhomes
2% - percent of respondents who had a client who leased a u.s residential property
8% - precent of respondents who had a client, whether international or not seeking a foreign property outside of the U.S
All- cash purchases among top 5 foreign buyers
UK - 82%
Canada - 66%
China - 40%
Mexico - 33%
India - 8%
Listen to the podcast and find out more!
View all episodes
By Ruthie RocksPrice Jump
Home prices grew rapidly in Southern Nevada and other metro areas in May
Phoenix 25.9%
Seattle 23.4%
Tampa. Fla 18%
Portland Ore. 17.50%
Charlotte N.C 16.9%
Las Vegas 15.5%
Detroit 15.5%
Washington D.C 14.8%
Atlanta 14.3%
Chicago 11.1%
Source: S&P Dow Jones Indices
Today, Governor Sisolak is going to imposed a new mandate that requires everyone, vaccinated or not, to wear masks indoors in public places with high rates of COVID-19 transmission, including Clark County
The governors directive aligns with new recommendations earlier in the day from centers for disease control and prevention. The directive includes a three-day grace period that gives businesses and residents until 12:01 AM Friday to comply
"Businesses and residents in the counties with substantial or high transmissions are strongly urged to adopt the changes as soon as possible" said news release from the governor's office
Citing CDC Data, the governor's office said 12 or Nevadas 17 counties are currently considered to have substantial or high transmissions: Carson. Churchill, Clark, Douglas, Elko, Esmeralda, Lincoln, Lyon,Mineral,Nye,Washoe and White Pine.
The State's mandate does not apply to participants in certain actives or events including athletes, performers and musicians.
Top 5 Foreign Buyers
Canada (8% or foreign buyers, $4.2B)
Mexico (7% of foreign buyers, 2.9B)
China (6% of foreign buyers, $4.5B)
India (4% of foreign buyers, $3.1B)
United Kingdom (4% of foreign buyers, $2.3B)
2021 Highlights
$54.4 Billion
Dollar volume of foreign buyer residential purchases during April 2020-march 2021
(2.8% of $1.96 trillion of the dollar volume of existing-home sales.)
107,000
Number of foreign buyer existing-home purchases during April 2020- march 2021
(1.8% of 5.79 million of existing-home sales)
58%
Foreign buyers who reside in the United States (recent information immigrants (less that two years at the time of the transaction) or none-immigrant visa holders (Type B)
39% - foreign buyers who paid all-cash (compared to 19% among all the existing home buyers)
42% - foreign buyers who purchased property for use as vacation home, rental or both
65% - Foreign Buyers who purchased a detached single-family home or townhomes
2% - percent of respondents who had a client who leased a u.s residential property
8% - precent of respondents who had a client, whether international or not seeking a foreign property outside of the U.S
All- cash purchases among top 5 foreign buyers
UK - 82%
Canada - 66%
China - 40%
Mexico - 33%
India - 8%
Listen to the podcast and find out more!