The latest First American report highlights some fascinating shifts in the housing landscape that I’ve seen reflected here in Las Vegas. While national consumer house-buying power edged down 0.3% month-over-month, it’s actually up 6.8% compared to last year—thanks to changes in income and mortgage rates. Median income is showing a 3.2% annual increase, and home prices nationwide are now 66.7% higher than their 2006 peak. Of course, there’s a lot of regional variation in these numbers, and that’s especially true in markets like ours. Having worked in both residential and commercial real estate here since 2002, I know how critical it is to understand these regional trends—whether you’re buying, selling, or considering a lease in Las Vegas or Henderson.
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