Election is Over. Inventory is Down. Time to Move? Time to Sell?
Finally the election is over.. No more negative attack ads on TV, back to Big Pharma ads like Humira, Xeljanz, Eliquis...What are those drugs for anyway? Maybe I should ask my doctor if they would be right for me....seriously though. I think this last election cycle has made us all a bit more nuts. Back to why I'm blogging.
Real Estate and the Southern Nevada Market.
Southern Nevada Homebuilders Association- SNHBA, reported that homebuilders in Southern Nevada are ramping up construction. Builders have pulled 3,611 new-home permits in 3rd quarter. That is more than double 2nd quarter's numbers. September's 1,260 permit tally was up 90% from the same month a year ago. The valley is experiencing a housing shortage and there are not enough construction workers to build the homes to fill the demand.
SNHBA has introduced a new virtual training program for construction jobs called SNHBALearn, and it uses video demonstrations to teach students about construction. As the baby boomer generation continues to retire, the construction industry is left with open jobs. We need the next generations to step up and learn the skills necessary for our state to be able to support this planned construction growth and the valley's explosive population growth. There are currently 100,000 open construction job listings in Nevada.
With less than 4700 single family homes available on the market and almost 3000 homes selling per month, prices in the valley will continue their upward trajectory. When they say we can't build them fast enough, now you know why.
If your ready to make a move, you need an expert to help guide you. Call me today to discuss your individual situation. I will help you explore all of your options and set you on the right path for you and your family's future.
Life Realty District