Here’s what you need to know about Las Vegas’ real estate market.

A ton has happened in our market recently. The Federal Reserve raised rates by 0.75%, and our market is already feeling the impact. Today I want to discuss what this recent change means for first-time homebuyers, sellers, and more. 

You can listen to my full explanation in the video above or skip to each topic using the timestamps below:

0:00 — The Fed has raised rates once again

0:36 — What this means for affordability and first-time buyers

1:17 — Appraisal gaps in our market

2:12 — Las Vegas is getting bigger and more affluent

4:00 — Las Vegas has the 10th-highest average income among U.S. metropolitan areas

4:31 — Interest rates may increase further throughout 2022

5:50 — Wrapping things up and stay tuned for more updates

If you have questions about today’s topic, please call or email me. I am always willing to help!