Greater Las Vegas Real Estate News

 

Oct. 21, 2020

Southern Nevada Economic Update 2020

Posted in News
Oct. 21, 2020

How to buy a home in 5 steps

Posted in News
Sept. 24, 2020

Property Tour with Becky Ashby

Posted in Market Updates
July 15, 2020

Weston Hills Video Market Update

July 4, 2020

Happy 4th of July by Becky Ashby

 

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Posted in News
June 18, 2020

7207 Cabarita, Las Vegas, NV 89178

Posted in Market Updates
June 10, 2020

Safest Cities in America

This article was written by Adria Mak original article 
https://advisorsmith.com/data/safest-cities-in-america/

All Americans have an interest in living in safe communities, and the crime rate in a locale is an important determinant in everything from rent prices to individual decisions to live in and move to a community. Additionally, knowing which neighborhoods are safe is an important variable for small business owners when deciding where to start and expand a business. AdvisorSmith studied crime data from a federal database to determine the safest cities in the United States by city size.

In this study, we used the most recently available data from the FBI, released in September 2019, which includes crimes committed during calendar year 2018. Crimes considered in this report include violent crimes such as robbery, assault, rape, and murder, as well as property crimes including burglary, larceny, and motor vehicle theft. We created a proprietary crime score, which weights different types of crimes based upon the severity of the crime, with violent crimes weighted more highly.

Cities were divided into categories based,on their population. We excluded towns with populations under 10,000. Cities with populations of less than 100,000 were labeled as small cities, while cities with populations of 100,000 to 300,000 were considered midsize cities. Any cities with populations over 300,000 were labeled large cities. This study included 3,107 small cities, 214 midsize cities, and 62 large cities, for a total of 3,383 cities.

Below are links to the safest small, midsize, and large cities:

What are the safest U.S. cities?

Broadview Heights, Ohio was the safest small city in the United States. This small and affluent suburb of Cleveland with a population of roughly 19,000 had very little crime and also boasts excellent public schools. Among the top 20 small cities, four were in Ohio, five were in New York, and five were in New Jersey.

Cary, North Carolina was the safest midsize city in the United States. Cary is part of the Research Triangle metropolitan area along with Raleigh and Durham, and the city has a high-income, highly educated population. Of the top ten midsize cities, five were in California, and three were in New Jersey.

The safest large city in the United States in our study was Virginia Beach, Virginia. This mostly suburban coastal city has the world’s longest pleasure beach, which contributes to the city’s tourism economy. Four of the safest large cities in the top ten were cities in California.

Methodology

This study on the safest cities in the United States was conducted based upon data provided by the Federal Bureau of Investigation’s Uniform Crime Reporting Data Set from Return A. This data set contains crime reports from cities, counties, metropolitan statistical areas, and other jurisdictions around the country. Specifically, monthly crime data for violent crimes such as murder, rape, robbery, and assault, and property crimes such as burglary, larceny, and motor vehicle theft are provided for each jurisdiction in the data set.

Our study focused on the crime rate in cities around the country. We used a definition of city as legally incorporated municipalities. This definition differs somewhat from how many people think about cities such as contiguous metropolitan areas. However, since crime tends to be a local or hyper-local issue, providing data at a municipal level provides important granularity to understand the distribution of crime.

Cities were divided into one of three groups based on population, with small cities having populations between 10,000 to 99,999 residents, midsize cities from 100,000 to 300,000 residents, and large cities having more than 300,000 residents. Towns with populations below 10,000 were excluded from this study.

Data from the data set was provided on a monthly basis. In order to ensure accuracy of results, we excluded cities where only six months or less of data was available. For cities that provided at least six months of data but less than 12 months of data, we scaled up the months reported to a proportional amount of crime for the entire year.

Our study tabulated the violent and property crimes per 1,000 residents per year for publication. We also created a proprietary crime score that was based upon applying a multiplier to more serious forms of crime such as murder, rape, robbery, and aggravated assault. These crimes were added to simple assault and property crimes to form a crime score for each city, with a lower score indicating that a city experiences less crime. We then ranked the cities based upon their crime scores to determine the safest cities in the United States.

Sources
1. Federal Bureau of Investigation, Uniform Crime Reporting, Return A, 2018

to view charts and more statistics see full article http://advisorsmith.com/data/safest-cities-in-america/

 

 

Posted in News
April 7, 2020

How Will Unemployment Effect Home Sales?


Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the government is trying to find ways to assist those who have lost their jobs and the companies which were forced to close (think: your neighborhood restaurant). In a recent interview he said:

“This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole.”

That’s promising, but we’re still uncertain as to when the recently unemployed will be able to return to work.

Another concern: how badly will the U.S. economy be damaged if people can’t buy homes?

A new concern is whether the high number of unemployed Americans will cause the residential real estate market to crash, putting a greater strain on the economy and leading to even more job losses. The housing industry is a major piece of the overall economy in this country.

Chris Herbert, Managing Director of the Joint Center for Housing Studies of Harvard University, in a post titled Responding to the Covid-19 Pandemic, addressed the toll this crisis will have on our nation, explaining:

“Housing is a foundational element of every person’s well-being. And with nearly a fifth of US gross domestic product rooted in housing-related expenditures, it is also critical to the well-being of our broader economy.”

How has the unemployment rate affected home sales in the past?

It’s logical to think there would be a direct correlation between the unemployment rate and home sales: as the unemployment rate went up, home sales would go down, and when the unemployment rate went down, home sales would go up.

However, research reviewing the last thirty years doesn’t show that direct relationship, as noted in the graph below. The blue and grey bars represent home sales, while the yellow line is the unemployment rate. Take a look at numbers 1 through 4:Will Surging Unemployment Crush Home Sales? | MyKCM

  1. The unemployment rate was rising between 1992-1993, yet home sales increased.
  2. The unemployment rate was rising between 2001-2003, and home sales increased.
  3. The unemployment rate was rising between 2007-2010, and home sales significantly decreased.
  4. The unemployment rate was falling continuously between 2015-2019, and home sales remained relatively flat.

The impact of the unemployment rate on home sales doesn’t seem to be as strong as we may have thought.

Isn’t this time different?

Yes. There is no doubt the country hasn’t seen job losses this quickly in almost one hundred years. How bad could it get? Goldman Sachs projects the unemployment rate to be 15% in the third quarter of 2020, flattening to single digits by the fourth quarter of this year, and then just over 6% percent by the fourth quarter of 2021. Not ideal for the housing industry, but manageable.

How does this compare to the other financial crises?

Some believe this is going to be reminiscent of The Great Depression. From the standpoint of unemployment rates alone (the only thing this article addresses), it does not compare. Here are the unemployment rates during the Great Depression, the Great Recession, and the projected rates moving forward:Will Surging Unemployment Crush Home Sales? | MyKCM

Bottom Line

We’ve given you the facts as we know them. The housing market will have challenges this year. However, with the help being given to those who have lost their jobs and the fact that we’re looking at a quick recovery for the economy after we address the health problem, the housing industry should be fine in the long term. Stay safe.

 

Please contact me if you have any questions. I'm here working from home & virtually for my clients!

 

Becky Ashby

Signature Real Estate Group

License #S.0174843 LLC

702-816-6292

220 Paseo Verde Pkwy #300

Henderson, NV 89052

www.beckyashbyhomes.com

 

 

Posted in News
April 1, 2020

Don't Give Up on Your Dreams of Home Ownership!

Please feel free to reach out to me as a licensed agent I have answers for you in this confusing time!

Becky Ashby
Signature Real Estate
702-816-6292
NV.RED S.0174843 LLC
Posted in News
March 25, 2020

Clearing Up Some Real Estate Misconceptions in These Uncertain Times

I wanted to send this video message to my friends and clients that have questions in these uncertain times. Covid-19 has changed the way we interact and the way we do business. I am here for you in this time of need!

Becky Ashby 

702-816-9292

Signature Real Estate Group

License #S.0174843 LLC

702-816-6292

220 Paseo Verde Pkwy #300

Henderson, NV 89052

www.beckyashbyhomes.com

Posted in News