http://hallerman.cbvegas.com/blog/categoryname_las-vegas-realtor/sort_entrydatetime-desc/  Why Summer Is One of Real Estate´s Busiest Seasons96 sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } .forceBgColor{background-color: white !important}?Summer has always been one of the most active seasons in real estate, and there’s a reason for that. School is out for summer, longer daylight hours, warmer weather, and more buyers and sellers entering the market at the same time can all create more activity.But this summer, two factors are especially important to understand: inventory and pricing. For buyers, summer can bring more fresh listings. For sellers, summer can still offer strong pricing opportunities when the home is positioned correctly. More Fresh Options for Buyers One of the biggest challenges buyers have faced in recent years is finding the right home at the right price. Summer can help with that.According to Realtor.com data, summer months typically bring about 32% more fresh listings than the average month from September through December. That means buyers may have more homes to choose from before inventory slows later in the year. More new listings can create a better chance of finding a home that fits your needs, budget, and timing. More choices: Fresh summer inventory can expand your options.Better timing: Moving before fall may help you avoid a slower listing season.More clarity: Seeing more homes can help you compare value, location, and price more confidently.Stronger Seasonal Pricing for SellersFor sellers, summer can also create an important advantage. According to data from the National Association of Realtors, homes sold during a summer month usually sell for about 4% more than homes sold during the typical month from September through December.That does not mean sellers should overprice their home. It means summer activity can create stronger visibility and better opportunities when the home is priced realistically and presented well. Summer can be a strong window for sellers, but strategy still matters.More active buyers: Summer buyers often have timelines tied to school, work, or family schedules.Better exposure: More market activity can bring more attention to your listing.Smart pricing matters: Seeing more homes can help you compare value, location, and price more confidently.A Season of Opportunity Summer does not guarantee a perfect market, but it does bring seasonal advantages that can matter for both buyers and sellers. Buyers may see more options, while sellers may benefit from stronger seasonal pricing and motivated activity. Understanding how inventory and pricing typically shift during this season can help you make a more informed decision. Thinking about making a move this season? Contact me today to discuss your real estate goals. ?Our Premier Service Companies? ©2026 Coldwell Banker Premier Realty. All rights reserved. Coldwell Banker Premier Realty upholds the principles of the Fair Housing Act and the Equal Opportunity Act. If your home is listed with another REALTOR®, please disregard. It is not our intention to solicit the offerings of other brokers. http://hallerman.cbvegas.com/blog/21554/why-summer-is-one-of-real-estate´s-busiest-seasons/ Thu, 09 Jul 2026 10:02:58 -0800  96sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Discover why the holiday season offers a 25% greater chance of selling your home and less competition from other listings.The existing home market has faced significant challenges over the past few years, especially in Las Vegas. While the broader economy has so far avoided a recession, the housing market hasn't been as lucky. In 2022, Las Vegas saw a 28% drop in single-family home sales compared to the record-breaking year of 2021, and things only worsened in 2023, with a nearly 40% decline from the 2021 peak.  Even when compared to more typical years, like 2019, 2023 sales were down 27%, and this trend mirrors the national picture. In fact, across the U.S., only about 4 million homes were sold in 2023, a level we haven’t seen since the years following the housing bubble burst. 2024: A Glimmer of Hope?The downturn has carried over into 2024, but there are signs that the market might soon see improvement. After three years of below-average sales, many potential buyers and sellers have been waiting for the right moment to act. On the demand side, high prices and limited affordability have sidelined many buyers, leaving the market mostly to those with significant equity or those who had no choice but to buy.  A recent survey from the National Association of Realtors (NAR) sheds some light on this trend. In 2024, 43% of homebuyers said they bought because it was simply the right time, while 24% had no choice but to purchase. These figures differ from pre-pandemic years, like 2019, where 50% of buyers said it was the right time, and only 17% felt compelled to buy out of necessity. With discretionary buyers holding back, builders have taken advantage by offering incentives, such as rate buy-downs, to lure in those who could make the leap. ?Will Lower Rates Bring Buyers Back?While the ultra-low interest rates of the pandemic may have pulled some demand forward, many experts believe that after three years of sluggish sales, pressure is building. Families grow, downsize, or relocate, and those changes can't be postponed forever. As a result, demand for homes is likely to rise, especially if mortgage rates start to drop below 6%.  A survey from Bankrate found that over half of homeowners would only feel comfortable buying if rates fall below 6%. Although the 3% rates of the pandemic are likely gone for good, a stable rate environment of around 6% could be enough to bring more buyers back into the market.?What About Las Vegas? Las Vegas seems poised for a recovery, thanks to strong job growth and inbound migration. Since the pre-pandemic peak, the city has added nearly 93,000 jobs, and major companies like Haas Automation, Warner Brothers, and Sony are planning to hire thousands more. Brightline’s rail project is also expected to create 3,000 jobs, while the Las Vegas Convention and Visitors Authority (LVCVA) projects the need for an additional 14,000 to 17,000 hospitality jobs as more hotel rooms are built. Placer.ai reports that newcomers to Las Vegas tend to be more affluent than existing residents, with household incomes around 20% higher. This influx of wealthier residents, along with an expected population growth of 2%, or about 30,000 to 50,000 people, should help maintain demand for housing. ?A Look Ahead: Pent-up Supply and DemandWith many buyers also needing to sell their current homes, lower mortgage rates could loosen up the "lock-in" effect, encouraging more homeowners to put their homes on the market. Life changes, like growing families or job relocations, also contribute to this pent-up supply, providing more options for buyers who have been frustrated by limited inventory.  While we may not see a massive surge in home sales, a gradual return to pre-pandemic levels seems more and more likely. As we head into 2025, all signs point to a slow but steady recovery in the housing market.  As we look toward a promising 2025, it’s important to stay informed and ready for the opportunities ahead in the housing market. Whether you're thinking about buying, selling, or exploring your options, your Coldwell Banker Premier Realty agents is to help guide you every step of the way. Feel free to reach out and discuss how you can make the most of the current market trends.  ?©2024 Coldwell Banker Premier Realty. All rights reserved. Coldwell Banker Premier Realty upholds the principles of the Fair Housing Act and the Equal Opportunity Act. If your home is listed with another REALTOR®, please disregard. It is not our intention to solicit the offerings of other brokers. http://hallerman.cbvegas.com/blog/21316/what-to-expect-for-the-2025-existing-home-market/ Thu, 07 Nov 2024 09:21:39 -0800 ?Rising mortgage rates have made home buying a challenge over the past few years, but there's good news—rates are starting to drop in 2024. According to Freddie Mac (Federal Home Loan Mortgage Corporation), rates recently hit their lowest point this year, offering hope for potential buyers. So, what can you expect moving forward? ?Mortgage Rate Forecasts for 2024 Experts predict that mortgage rates will continue to trend downward as long as inflation and the economy remain stable. While there may be some fluctuations, the general outlook is positive. Rates are already down nearly a full percentage point from their peak in 2023, Realtor.com is forecasting a year-end rate of around 6.3%.   ?How Lower Rates Impact Your Buying Power  Declining mortgage rates can increase your purchasing power, making homes more affordable. If you’ve been waiting for a more favorable rate to buy a home, now is the time to determine your target rate. Whether it’s 6.25%, 6.0%, or even lower, knowing your ideal rate can help guide your decision-making. My trusted lender, Evergreen Home Loans, is ready to help you achieve your target rate. They offer strategic financial planning and will assist you in getting pre-approved so you can lock in the best rate possible. ?2025 Mortgage Rate Outlook  Looking ahead, Fannie Mae (Federal National Mortgage Association), Mortgage Bankers Association, National Association of Realtors, and Wells Fargo predict a gradual decline in rates through 2025, driven by easing inflation and economic shifts. Morgan Stanley also expects the Federal Reserve to lower interest rates, which could further reduce mortgage rates ?With mortgage rates on the decline and further decreases forecasted, now might be the perfect time to begin your home-buying journey. If you're ready to explore your options and find the ideal rate for your needs, don’t hesitate to reach out. As your dedicated real estate expert, I’m here to guide you every step of the way and work closely with Evergreen Home Loans to ensure you get the best rate possible. By acting when rates align with your goals, you'll be well-positioned to secure a great deal.? http://hallerman.cbvegas.com/blog/21312/mortgage-rates-forecast:-here’s-what-to-expect/ Fri, 13 Sep 2024 04:13:58 -0800 In a city known for its iconic skyline, a new beacon of sophistication and luxury is on the rise. Cello Tower, the first new residential high-rise in Las Vegas in over a decade, is set to redefine urban living in the heart of Symphony Park, the city’s cultural and arts epicenter. Already celebrated in publications like Mansion Global, Wall Street Journal, Robb Report, and Las Vegas Review-Journal, Cello Tower has achieved $85 million in sales, marking it a monumental success in the city’s real estate landscape.Designed by the internationally acclaimed Perkins Eastman and featuring interiors by One Line Design Studio, Cello Tower will anchor the transformative Origin at Symphony Park. With 240 luxury residences, including eight opulent penthouses, Cello Tower is crafted to offer an unparalleled living experience. Patrick Brennan of Red Ridge Development explains, “With its unparalleled design, world-class amenities, and a commitment to creating an exceptional urban living experience, Cello Tower is redefining luxury living in the heart of Las Vegas. It is coming to life at a time when the city is defining itself as one of the best places in the US to live and thrive, and it will stand as a testament to our vision of elevating urban living to new heights.” The meticulously designed residences will serve as sanctuaries of luxury, basking in natural light through expansive floor-to-ceiling windows that offer unparalleled views of the Las Vegas Strip, Downtown Las Vegas, and the majestic mountain vistas. Chef-inspired kitchens with waterfall marble islands are designed for culinary excellence, offering the perfect space for entertaining and everyday gourmet cooking. As Mansion Global noted, “From great rooms with soaring ceilings to expansive windows that frame views of the city and surrounding mountains, Cello Tower is designed for pampered living.” What truly sets life at Cello Tower apart will be its exceptional amenities, spanning over 40,000 square feet. The 25,000-square-foot Residents Club and the 7,000-square-foot Wellness Floor are designed to elevate the living experience. Residents will be able to enjoy a Rooftop Pool overlooking the Strip and Downtown, a Cocktail Bar & Lounge, an Entertainment & Media Lounge, a Golf Simulator Room, and more. The 2nd floor, dedicated to health and wellness, will offer a state-of-the-art fitness studio, a luxurious spa with cold plunges, sauna and steam rooms, massage and treatment rooms, and a tranquil relaxation lounge.Exceptional hospitality will be at the heart of Cello Tower. A dedicated staff in the lobby lounge will ensure an effortless lifestyle, attending to every need with meticulous care. The grand entrance, marked by an illuminated porte cochere and private valet, will seamlessly transport residents from the city’s energy into the comforts of home.Cello Tower’s central location will place residents just steps away from the vibrant promenade of Origin at Symphony Park, teeming with world-class dining, shopping, and entertainment. This cultural epicenter of Las Vegas is home to The Smith Center for the Performing Arts, the DISCOVERY Children’s Museum, and the Cleveland Clinic Lou Ruvo Center for Brain Health. Future developments will include a city art museum, a sculpture park, high-end hotels, new homes, and a wealth of retail and dining establishments.Just moments away, the legendary Las Vegas Strip, thrilling sports events, and stunning natural settings will offer limitless possibilities for recreation and entertainment. The city’s most talked-about artistic and culinary offerings in the Arts & Brewery District and Downtown will ensure that Las Vegas remains a place where every moment is infused with excitement.Prospective buyers and agents can experience the future of luxury living today at the Cello Tower Experience Center, located in Symphony Park at 250 S. City Parkway. Walk through an immersive kitchen and primary bathroom, explore the design studio, and choose your future vantage point. The dedicated team on-site is there to guide you through a tailored experience.Brian Krueger, Senior Vice President of Coldwell Banker Global Luxury, emphasizes, “Cello Tower is a statement of luxury, convenience, and groundbreaking design. We are thrilled to introduce this architectural marvel to those who seek the pinnacle of urban living in Las Vegas.”With residence options at Cello Tower becoming limited, securing a place now ensures exclusive pre-construction pricing. Construction is expected to start in late 2024 with initial estimated completion later in 2026. To learn more, call (702) 272-1668 or email hello@cellotowerresidences.com and arrange an appointment with our sales team. Discover more about Cello Tower at cellotowerresidences.com. http://hallerman.cbvegas.com/blog/21311/cello-tower:-las-vegas’-first-new-residential-high-rise-in-over-a-decade-redefines-urban-luxury-living/ Tue, 20 Aug 2024 12:12:39 -0800