Ep #58 - Millennials Struggle to Compete with Boomers for Homes + Mortgage Rates Highest Since April

The median price of a Las Vegas resale sat at $406,500 for September. It was another record, but not by much... “We always go into our slowdown once we get into the fourth quarter: October, November, December. You see fewer properties coming onto the market,” says Aldo Martinez, the President of Las Vegas Realtors, the trade group that tracks resales. He says the market remains healthy, but prices are taking a bit of a breather. A median price of $406,500 is nothing to sneeze at, but a $1,500 monthly increase is a blip compared to what 2021 has seen: increases of $10,000 in February, $8,000 in March, $12,000 in April, $10,000 in May, $10,000 in June and $10,000 in July. So, the market is pumping the brakes, not only on prices but on sales. In September, 3,209 single-family resales were sold. In August, it was 3,210, a one-house difference. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________ 🏡 FIND YOUR NEW HOME HERE! NEW HOMES FOR SALE North LAS VEGAS: https://myre.io/0qkKcAodVBBg NEW HOMES FOR SALE HENDERSON: https://myre.io/0jbpj9LBPLy NEW HOMES FOR SALE SUMMERLIN: https://myre.io/0YRnC8BAPXrl NEW HOMES FOR SALE LAS VEGAS: https://myre.io/0CMoiL45F7lt 🏠 RESALE HOMES: RESALE HOMES FOR SALE SUMMERLIN: https://myre.io/0UTj2QDZQr4t RESALE HOMES FOR SALE HENDERSON: https://myre.io/0EpPM9PibuBl RESALE HOMES FOR SALE LAS VEGAS: https://myre.io/0JfHHgHCuVok ________________________ ✅ CHECK OUT OUR OTHER VIDEOS ON REAL ESTATE, FINANCING, & MONEY TALK! https://youtu.be/_gPoZ4ux9y8 : Another $15K first-time homebuyer tax credit bill emerges & Eviction Report https://youtu.be/aa22E4khCgI : The Impact of Th