As we head into 2025, I’m optimistic about the Southern Nevada real estate market and the opportunities it presents. While the economic conditions are certainly shifting, I see several factors that could drive activity and create a dynamic year ahead.
“The standard of living of the average American has to decline,” he said. “I don’t think you can escape that.” These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volcker’s predecessors, Arthur Burns and William Miller, had failed to control prices. Stagflation gripped the United States. We were in an economic death spiral.
The year 2025 will be transformative for real estate. Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics — and homeowner’s insurance costs. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities.
Improving and selling or refinancing houses for investment purposes has long been the purview of part-time entrepreneurs looking to earn additional income. However, as capital available to ‘fix-and-flip’ and ‘fix and hold’ investors becomes more institutionalized through the issuance of Residential Transition Loan (RTL) and Debt Service Coverage Ratio Loan (DSCR) securitizations, the opportunity to turn part-time investing into a full-time business for these entrepreneurs will continue to grow substantially.
Expired listings can be a goldmine of opportunity for Realtors. What I love about expireds is that they wanted to sell, and they were willing to work with an agent. Many sellers of expired listings are still motivated, despite their previous setbacks and often relist within 18 months.
While the unemployment rate was up compared to the start of the year, the job market ended 2024 strong.
The pros & cons of pocket listings and private sales, plus ideas for marketing your off-market or exclusive listings.
How Chris Williams turned Instagram likes into leads — and leads into a 15-person team in Virginia Beach.
A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the top of the industry.
Mortgage verification services firm Xactus announced this week that it appointed Mike Brown, its former chief integration officer, as its new chief product officer.
For those reliant on Social Security benefits but having trouble making ends meet, a reverse mortgage may be worth a look, the column said.
With more jobs than homes coming to Seattle for years, city leaders are aiming to find consensus on a plan to construct 80,000 new homes by 2044.
