Belco Forest Products’ Post

High Interest Rates Are Top Challenge for Homebuilders Contact me to discuss the latest scoop in real estate! #sanfrancisco #sfrealestate #bayarearealtor #bayarea #california #bayarearealestate #sanfranciscorealestate #sfrealtor #californiarealestate #siliconvalleyrealestate

Limited inventory remains a major challenge in the Capital Region’s residential housing market. That’s according to Pat Wattam with RE/MAX First, who says even in the face of higher interest rates, the market remains “pretty healthy.” #housing #interestrates #realestate #batonrouge #federalreserve

High Interest Rates Are Top Challenge for Homebuilders Contact me to discuss the latest scoop in real estate! #metroatlantarealestate #atlanta #realestateinvestor #georgia #firsttimehomebuyer #atlantarealtor #georgiarealestate #atlantarealestate #atlrealtor

A nation of renters? In one of the communities in which I belong, this was the conversation this morning. People in the industry were discussing: inflation, housing prices, tariffs, lack of housing supply. What do you think. Are we a nation of renters? Will tariffs cause higher costs to home builders? Let me know in the comments below 👇🏾👇🏾👇🏾 https://lnkd.in/gHJXGc8d

Las Vegas Housing Market Report: March 2024 Highlights Record Sales and Prices Las Vegas, NV - April 18, 2024 - https://lnkd.in/gA4gBMmW has released its latest data showcasing robust activity in the city's real estate market for the month of March 2024. According to the report, the single-family residence segment saw significant traction with 2,095 properties sold during the month. These homes spent an average of 68 days on the market, indicating a healthy demand from buyers. The median sold price for single-family residences stood at $465,000, while the average sold price surged to $590,554. In parallel, the condo and townhouse market exhibited notable activity, with 593 units changing hands in March. These properties boasted an average time on the market of 57 days, demonstrating swift turnover. The median sold price for condos and townhouses was reported at $283,395, with an average sold price of $321,617. "These figures underscore the resilience and attractiveness of the Las Vegas housing market," said Tony Madaffari, spokesperson for https://lnkd.in/gA4gBMmW. "Buyers continue to show strong interest in both single-family residences and condominiums, driving sales and pushing prices upward". https://lnkd.in/gA4gBMmW provides comprehensive insights and analysis of the Las Vegas real estate landscape, helping buyers, sellers, and investors make informed decisions in a dynamic market environment. For more information and detailed market analysis, visit https://lnkd.in/gA4gBMmW. About https://lnkd.in/gA4gBMmW: https://lnkd.in/gA4gBMmW is a leading source for accurate and up-to-date information on the Las Vegas real estate market. Our platform offers comprehensive reports, analysis, and insights to assist buyers, sellers, and investors in navigating the dynamic housing landscape of Las Vegas. Contact: Anthony (Tony) Madaffari REALTOR© S.0175659 Berkshire Hathaway Home Services Nevada Properties 3185 St. Rose Pkwy, Suite 100 https://lnkd.in/gA4gBMmW 702-326-1282 [email protected]

Newly built homes are becoming an increasingly significant part of today’s housing inventory. Many of my commercial clients are calling me to build their "forever homes." According to the most recent report from the National Association of Home Builders (NAHB): “Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical average.” That means the percentage of the total homes available to buy that are newly built is well over two times higher than the norm. And even more new homes are on the way.

High Interest Rates Are Top Challenge for Homebuilders Contact me to discuss the latest scoop in real estate! #virginia #virginiahomes #virginiahousing #virginiarentals #virginiarealtor #virginiarealestate #virginiahomebuying #virginiahouse #realestate #realtor

Pro Builder Media delivers their monthly residential construction market snapshot, here are the highlights. Residential building permits rose a modest (but positive) 3.8% from the previous month, and were up 7.4% year-over-year and a whopping 12.1% greater than year-end 2023's seasonally adjusted annual rate (SAAR). With that, 10 of the top 20 markets grew a collective 9.7% year-over-year in February, and a slew of new (or previously missing) MSAs emerged, including Columbus, Ohio (+211.7% Y/Y), Sacramento, Calif. (+7.2%) and Las Vegas (+48.3%). The SAAR for single-family homes sold in February declined slightly (0.3%), but the SAAR for new home completions rose 19.7% while the average price of a new home declined 9.2% from January—all good signs for the market that seems to be making headway to catch up with demand.

Las Vegas Housing Market Report: August 2024 Real Estate Trends and Insights Las Vegas, NV – September 19, 2024 – https://lnkd.in/gA4gBMmW has released its latest Las Vegas real estate market report, highlighting continued strong performance in the Las Vegas housing market throughout August 2024. According to the report, the single-family home sector experienced robust activity, with 2,163 homes sold. The average days on market for these properties was 34, reflecting strong buyer demand. The median sale price for single-family homes was $479,000, while the average sale price increased to $575,141, demonstrating the ongoing strength of the Las Vegas real estate market. Meanwhile, the condo and townhouse market in Las Vegas also showed notable activity, with 575 units sold. These properties averaged 39 days on the market, indicating quick turnover and sustained demand. The median sale price for condos and townhouses was $293,000, while the average price was $308,004. “These statistics emphasize the resilience and appeal of the Las Vegas housing market," said Tony Madaffari, spokesperson for https://lnkd.in/gA4gBMmW. "Buyers remain highly interested in both single-family homes and condominiums, pushing both sales and prices upward.” https://lnkd.in/gA4gBMmW offers detailed, data-driven insights into the Las Vegas real estate market, helping homebuyers, sellers, and real estate investors navigate the dynamic Las Vegas property market. For a more detailed analysis of the Las Vegas housing market, visit https://lnkd.in/gA4gBMmW. About https://lnkd.in/gA4gBMmW https://lnkd.in/gA4gBMmW is a trusted source for accurate, up-to-date information and expert analysis of the Las Vegas real estate market. Our platform provides comprehensive reports on Las Vegas housing trends, empowering buyers, sellers, and real estate investors to make informed decisions in the fast-moving Las Vegas property market. Contact Information: Anthony (Tony) Madaffari, REALTOR® S.0175659 Berkshire Hathaway Home Services Nevada Properties 3185 St. Rose Pkwy, Suite 100 https://lnkd.in/gA4gBMmW (702) 326-1282 [email protected] #LasVegasHousingMarket #LasVegasRealEstateMarket #LasVegasRealEstate #LasVegasHomesForSale #LasVegasHousingReport #LasVegasPropertyMarket #SingleFamilyHomesLasVegas #LasVegasCondos #LasVegasTownhouses #RealEstateMarketLasVegas #BuyAHomeInLasVegas #SellAHomeInLasVegas #InvestInLasVegasRealEstate

High Interest Rates Are Top Challenge for Homebuilders Contact me to discuss the latest scoop in real estate! #Floridaliving #Homeowner #HominginwithHolley #realestate #realtor #dreamhomes #realestateagent #properties #realestateinvesting #housingmarket