Greater Las Vegas Real Estate 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
March 23, 2020

Three Reasons Why This Is Not a Housing Crisis

Three Reasons Why This Is Not a Housing Crisis

Three Reasons Why This Is Not a Housing Crisis | MyKCM

In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms.

1. The Market Today Is Vastly Different from 2008

We all remember 2008. This is not 2008. Today’s market conditions are far from the time when housing was a key factor that triggered a recession. From easy-to-access mortgages to skyrocketing home price appreciation, a surplus of inventory, excessive equity-tapping, and more – we’re not where we were 12 years ago. None of those factors are in play today. Rest assured, housing is not a catalyst that could spiral us back to that time or place.

According to Danielle Hale, Chief Economist at Realtor.com, if there is a recession:

"It will be different than the Great Recession. Things unraveled pretty quickly, and then the recovery was pretty slow. I would expect this to be milder. There's no dysfunction in the banking system, we don't have many households who are overleveraged with their mortgage payments and are potentially in trouble."

In addition, the Goldman Sachs GDP Forecast released this week indicates that although there is no growth anticipated immediately, gains are forecasted heading into the second half of this year and getting even stronger in early 2021.Three Reasons Why This Is Not a Housing Crisis | MyKCMBoth of these expert sources indicate this is a momentary event in time, not a collapse of the financial industry. It is a drop that will rebound quickly, a stark difference to the crash of 2008 that failed to get back to a sense of normal for almost four years. Although it poses plenty of near-term financial challenges, a potential recession this year is not a repeat of the long-term housing market crash we remember all too well.

2. A Recession Does Not Equal a Housing Crisis

Next, take a look at the past five recessions in U.S. history. Home values actually appreciated in three of them. It is true that they sank by almost 20% during the last recession, but as we’ve identified above, 2008 presented different circumstances. In the four previous recessions, home values depreciated only once (by less than 2%). In the other three, residential real estate values increased by 3.5%, 6.1%, and 6.6% (see below):Three Reasons Why This Is Not a Housing Crisis | MyKCM

3. We Can Be Confident About What We Know

Concerns about the global impact COVID-19 will have on the economy are real. And they’re scary, as the health and wellness of our friends, families, and loved ones are high on everyone’s emotional radar.

According to Bloomberg,

“Several economists made clear that the extent of the economic wreckage will depend on factors such as how long the virus lasts, whether governments will loosen fiscal policy enough and can markets avoid freezing up.”

That said, we can be confident that, while we don’t know the exact impact the virus will have on the housing market, we do know that housing isn’t the driver.

The reasons we move – marriage, children, job changes, retirement, etc. – are steadfast parts of life. As noted in a recent piece in the New York Times, “Everyone needs someplace to live.” That won’t change.

Bottom Line

Concerns about a recession are real, but housing isn’t the driver. If you have questions about what it means for your family’s homebuying or selling plans, let’s connect to discuss your needs.

Please contact me today. 

Becky Ashby

702-816-6292

beckyjoo400@outlook.com

Posted in News
Feb. 21, 2020

What New Home Builders Don't Want Buyers to Know

Becky Ashby your Las Vegas Realtor® has a message for buyers considering new home construction. What you need to know before walking into the new model home. Remember that the agent behind the desk has the builders best interest at heart. Buying a new home is one of the largest purchases you will ever make and let's not forget a legal contract. Buyers need to be represented by someone looking out for them.

For more information about new homes in Cadence or anywhere else in the valley give me a call! 

Becky Ashby

702-816-6292

www.beckyashbyhomes.com

 

Here are 10 things to do when you buy new construction:

Use a real estate agent if you can. Since the seller typically pays the commission, it costs a buyer nothing to be represented by a real estate agent, and many builders are happy to work with agents. An agent who regularly deals with builders and knows the local communities will provide lots of helpful information.

Check out the builder. Many home builders have been in the business for years and produce a quality product. However, a few do not. Check review sites, state licensing boards and the local court records to see whether the builder you're considering has run into any trouble, including lawsuits, complaints with licensing agencies and disciplinary actions by state and local agencies. This is also a good time to talk to previous customers.

Research the community. Before you buy, find out as much as you can both about the area and the subdivision or condo itself. Visit at different times of day, and talk to residents about what they do and don't like.

Choose square footage and location over upgrades. Think about how you want to spend your limited budget. You can never change your home's location, for example, but you can upgrade flooring later. Apply that logic to other choices as well. If you're choosing between a fourth bedroom and granite countertops, you probably should choose the extra bedroom, which is much more expensive to add later. 

Don't over improve. Choose a home size and options comparable to those of your neighbors. You want to keep up with the Joneses but not get too far ahead of them. You don't want to price yourself out of the neighborhood with things that no one else has, but you also don't want to be the only house on the block with linoleum if everyone else has gone hardwood.

Understand your floor plan. Most floor plans include room sizes, and if you don't understand those, take a measuring tape to your current home. Many builders offer virtual reality technology that lets you see what's going to be built, but a better option is to visit a home with the floor plan you want, even if it's still under construction or in a different community. 

Have a lawyer vet the contracts. Contracts for new construction are complex. As with all legal affairs, it makes sense to have an expert look them over before your sign.

Ask about warranties. Most builders offer warranties on materials and workmanship. Pulte and its companies Centex and Del Webb, for example, offer a one-year warranty on workmanship, a two-year warranty on mechanical and electrical elements, five years on water leaks and 10 years on structure. Make sure you understand what is and isn't covered and what process you need to follow to get something fixed.

Get a home inspection. You may think you don't need to have a newly built home inspected. But getting an independent inspection before closing is always a good idea, and you want to be there so you can learn more about the home. "Newer homes can have just as many problems as older homes, and it's always better to know what you don't know before the last piece of paper is signed," Hicks says. "In the case of a newly built home, a good home inspector can help identify problems before a builder's warranty expires."

Get multiple bids from lenders and closing agents. Your builder may have a preferred lender and a preferred closing agent, and you may be offered discounts and other incentives to use those professionals. They may or may not be your best choice. Get quotes from additional lenders and closing agents, and then decide which is the best option for you.

 

Posted in News
Feb. 5, 2020

Weston Hills Property In Contract in Just 48 Hours!

 

I recently listed a townhome in Weston Hills and it only lasted on the market for 48 hours. These townhomes are perfect starter homes and very desirable for investors because they usually rent for about $1400. The Vegas market is so hot right now and inventory is going quick so if you have any questions about the market, reach out to me! I have pocket listings available!

Jan. 22, 2020

The 2020 Vegas Market is Already Heating up!

I really can't think of a more exciting time to live here in Las Vegas. Everyday there seems to be a new announcement, a new project, a new opportunity for our city. And it's not just about the economy and tourism. There is a newfound sense of community and pride in our town, something locals really longed for. We are creating a legacy for the next generations to come, and I am so thankful to be apart of it. Everyday I get to help so many people build their dreams here. 2020 is shaping up to be an exciting year, and I wanted to share my thoughts on what's to come.
Over the past few years Las Vegas has seen economic development like we haven't seen in decades, this has lead to a steady & stable housing market. Last year Las Vegas home prices stabilized and hit almost pre-recession values, even with inflation factored in. It took us a solid decade, but with the investment in our cities' infrastructure and careful strategy, we made Vegas one of the strongest economies in the country, not to mention one of the world's premier destinations.
Many years ago, we purposely diversified outside of tourism and gambling and it's paying off. With our appealing tax rates, business incentives, low commute times, affordable utilities and relatively low cost of living, companies and residents all over the country and moving here. From July 17 to July 18 over 50,000 Californians made up the 127,000 people that moved into Nevada.
The entire city is a buzz with anticipation. With the building of billions of dollars of new resorts, millions of new square footage of convention center space and new manufacturing facilities, the future couldn't be brighter for our city. We managed to attract some of the largest tech companies in the world, Google, Amazon, and Switch to name just a few. And probably the biggest impact we will see immediately is the Raiders relocating to Las Vegas officially in July of this year!
Just one look at the 2 billion dollar stadium going up you can't help but be in complete awe. Not only has it physically changed Las Vegas, it has already sparked massive growth in Las Vegas and Henderson. (Related Forbes Article: What's New in in Las Vegas The Best of 2020)
How Has the Housing Market Been Effected?
We've seen how this rapid growth has effected the housing market. Last year we watched anxiously as prices continued to rise, some even feared another bubble. Prices have since stabilized, but economists are still predicting a slow steady rise in 2020.
December report issued by Apartment List, shows Las Vegas rents are up 3.2 percent over the past year, the fifth fastest-growing rate among large cities. Since 2014, rents have grown by 20.6 percent compared with the national average of 11.3 percent.
The median price for a single-family home in December was $312,990, up 6% from the median price in December 2018, says the Greater Las Vegas Association of Realtors, or GLVAR.
That figure is also up from the median home price of $307,000 reported in November 2019.
"As we begin a new year and new decade, I think you can sum up the state of the local housing market with two words: stable and sustainable," association president Tom Blanchard said in a press release. Blanchard said he expects the housing market in 2020 to look a lot like it did in 2019. And it's only January, but we already seeing spring like activity. Inventory isn't staying on the market long and buyers are already getting a jump on the season.
There's Never Been a Better Time to Get Into the Market.
Henderson has experienced this impact at an explosive rate as well. The Raiders Headquarters is being constructed off St. Rose Parkway & Henderson Executive Airport and as a result has ignited the surrounding areas with business development. Henderson has seen the job market increase by 3.5% over the last year. More jobs are attracting a lot more people.
Developers are building, have finished in the past few years or have drawn up plans for a total of at least 36 projects, covering more than 1,000 acres and featuring nearly 6,900 homes, just in Henderson reported Las Vegas Review-Journal. Those are incredible numbers!
There were 171 closings in Henderson in October with the median price of $483,841. The lowest price was $255,500, and the highest price was $3.49 million.
Developers are building as fast as they can and resale prices are on the rise. Property values are climbing. Rent is on the rise. So if there were ever a time to get into the market now would be the time. With rates at an all time low, renters are moving into homes, homeowners are growing into newer, bigger homes and investors and picking up everything they can.
I've been working closely with my clients helping set them up for financial wealth through the best way how, real estate. If you have any questions about the market and what your next move should be call me today!
Many who know me, know I love living here in Las Vegas, specifically Henderson. I love the pace of the city and the amenities at your finger tips, but I also am a nature girl. I love finding places that I can escape to when I need some outdoor time. I need beautiful mountain views, water and some greenery mixed with the gorgeous desert landscape. And the neighborhood of Weston Hills in Henderson just before Lake Las Vegas, is a hidden little gem. Here you can find great walking trails and parks as well as tree lined streets. This neighborhood is filled with homes that are perfect starter homes or for those looking to invest. I wanted to show this to my clients and friends. I hope you get to experience Las Vegas outside of the strip and everything it has to offer. I look forward to sharing some of my favorite places with you!
Weston Hills Hendersons Best Kept Secret Neighborhood!
If you have any questions or would like to schedule a viewing, call or email me.
If you want to know about the market or property values, please feel free to reach out to me! There is really no better feeling I get than when I can help potential owners or sellers make the best decisions when it comes to some of the biggest decisions they will make in their lifetime. I've had the opportunity to work with so many great people over the years, I look forward to new clients that becoming good friends.
BECKY ASHBY | 702-816-6292 | beckyjoo400@outlook.com
Keep up with me on Social:
 
Posted in News
Jan. 8, 2020

Weston Hills, Henderson's Hidden Gem

Weston Hills is one of my favorite neighborhoods in Henderson. This community offers beautiful parks, beautiful mountain and desert views, great schools, neighborhood tennis courts, baseball fields and of course great properties. In this video I share one of my favorite Weston Hill features, hiking and walking trails. The Wetlands Trail is a scenic 15 mile trail right in Weston Hill's backyard and leads to Lake Las Vegas! 

Weston Hills is located in Henderson Nevada 89011

Check out my current Weston Hills listing featuring a completely upgraded kitchen and appliances!

To view the latest listings in 89011 Henderson including Lake Las Vegas, Tuscany, Cadence and Weston Hills visit:

homes for sale in Henderson Nevada

Jan. 4, 2019

Las Vegas Real Estate Lights Up the Sky

Las Vegas real estate is brighter than bright at the Neon Museum. Presenting a unique and illustrious collection of items, the venue puts a spotlight on Las Vegas history. Vintage signs from the 1930's are found in the Neon Boneyard. Other signs come to life in the North Gallery.Pieces vary from old time gambling halls to prominent hotels and swanky wedding chapels. Showstoppers include Benny Binion’s Horseshoe, the Silver Slipper and the Hacienda Horse and Rider.

Lights, Music, Action on Las Vegas Property

Taking a tour is a great ways to explore and treks are available both day and night. Many prefer the illumination of the signs in the evening. However, due to the presence of pieces of glass on the grounds nighttime tours are only recommended for those 10 and up. Highlights of the excursions include almost a dozen restored signs and some unrestored signage. Guided tours last one hour and provide insight into the sights and sounds encountered. Docents relay the rich history of Las Vegas real estate and the colorful characters that formed the landscape. Self guided tours allow guests to meander about at their own pace. Advanced reservations for tours are required. After experiencing the tour visitors settle in for a show. Brilliant! features the sounds of iconic Las Vegas singers as more of the history of the city is told through lights and music. Found in the North Gallery, this amazing production is well worth watching.

Temporary Displays add some extra flair to the already impressive Las Vegas property venue. The Neon Museum is eager to present a new exhibit by the one and only Tim Burton later this year. Amazing and larger than life pieces will be onsite starting October 15, 2019. Visitors to the museum can enjoy this eclectic and quirky showing until February 15, 2019.

Tickets to the Neon Museum can be purchased online. Free parking is available behind the Neon Boneyard. Call 702.387.6366.

 

Posted in News
Jan. 3, 2019

Hit Your Stride on Henderson Property Golf Courses

Superb games of golf are played just off the Las Vegas Strip on Henderson property. Combining beautiful views with challenging courses all levels of golfers will come away satisfied. Golf academies provide excellent tutelage for athletes seeking to improve their skill set. Junior golfers and adults new to the game learn the sport from professionals in the golf world.

It’s all about choice at The Revere Golf Club. Here two courses present top quality play. The critically acclaimed design team of Billy Casper and Greg Nash brilliantly perfected the Concord and Lexington courses. Either choice presents 18 holes of 72 par play. Gorgeous backdrops of the Las Vegas skyline and rugged foothills create an ambiance that’s hard to deny. Challenging layouts and excellent course conditions have earned The Revere rave reviews such as the “Best of Nevada” by Nevada Magazine. Golfers living in Henderson find themselves relaxing in Buckman’s Grille after satisfying games. The Revere Golf Course is easily found at 2600 Hampton Road. Learn more about the courses here.

Life’s a Game when Living in Henderson

The Chimera Golf Course awaits players at 901 Olivia Parkway. This 2003 course brilliantly crafted by Ted Robinson Jr. blends together natural desert highlights with modern golf course elements. Enthusiasm is contagious on wide open fairways and stunning water features add to a refreshing ambiance. Practice makes perfect and views of Mt. Charleston and the iconic Las Vegas Strip provide inspiration on the driving range. Because of the loveliness of its landscape this Henderson property has been declared a “hidden oasis.” Players looking to upgrade their gear or seeking advice on equipment will find friendly and knowledgeable faces in the Golf Shop.

Luxury is in full form at Reflections Bay Golf Course. Located at 75 Monte Lago Blvd., in the resort community of Lake Las Vegas play here is first class. The bar is set high at this Jack Nicklaus Signature Designed Course with amenities highly praised by prestigious publications such as Golf Digest and Golf Magazine. A lush club house pampers athletes and others off the course with fine dining, a state of the art proshop and more.

Great games of golf are in play on Henderson property. Get a group together and schedule a tee time at one of the wonderful facilities today.

 

Posted in News
Jan. 2, 2019

Chill Out on Las Vegas Property

It’s cool in the pool on Las Vegas property. When the hot Nevada sun shines down locals head on over to Cowabunga Bay Water Park. Here slides are slipping, rivers are flowing and cabanas are sun shading. Families find time to spend splashing around together making memories that will last for years to come.

Guests are chilling and thrilling. Water slides offer exhilarating rides. The colorful Breaker 1-9 sets the scene for wild water fun. Resident daredevils are ready to go in the Point Panic tube ride. Surrounded in darkness tubers speed through pitch black tunnels. Flashes of light throughout the ride are delightfully confusing. The ultimate adventure awaits in the Zuma Zooma. Highlights include a trap door, 73 foot drop into a 360 degree horizontal loop and launch capsule. Nearby, Wild Surf features the largest “man made” wave. Boats carry up to four surfers up and down this tidal sized beast. Beach bums can be found Surfin USA on the Las Vegas property. Surfers race to the shoreline against four or five of their friends. Twists and turns are conquered on the Rock-A-Hula where rafts are sent swiftly into a giant bowl. Friends are in it together as the Beach Blanket Banzai dips, dives, curves and plunges into a wet and wild oblivion.

Laze Away the Day Near Las Vegas Homes

Lazy days are the best when cruising the Cowabunga River. The coasting continues in Boardwalk Bay where the pool is always just the right temperature. Youngsters have their very own spot to splash about in at Cowabunga Kids’ Cove. Here the Downhill Doggers is a pint sized version of Surfin USA. The Squigglers 360 spin slide earns squeals of delight. A heated pool is chilled just right for the littlest of guests. The laughter doesn’t stop in this silly space.

Tickets for the Cowabunga Bay Water Park can be purchased online or at the park’s box office. Season passes are great for those living in Las Vegas homes. Several options are available to choose from. Perks range from complimentary admission to buddy passes and special events.

 

Posted in News