homes in las vegas

Last week, we shared some helpful tips and contact information for those who are moving to Las Vegas from other cities. But that got us to thinking, perhaps we should back-up that train a stop, and discuss some of the things you should consider BEFORE making that big move.

Moving is big business. It’s estimated that about 40 million people in the U.S. move each year, and more than 7.6 million of them are moving to another state. Because of the proximity of Las Vegas, and the fact that it’s a top Sunbelt destination, we may perhaps have a higher percentage of those out-of-state moves than other places – considering our weather, recreation and entertainment, services, and all the conveniences offered in a major metropolitan area.

For those who choose to move to Southern Nevada to be near family or for work opportunities, those two factors will most certainly weigh heavier on the “Pro” reasons to come to Las Vegas, of course.

But if you’re simply trying to decide between one of several different cities to start out in life, find a new start, or in search of a place to wind down after a long career – here is a list of things to consider when comparing one city/state to another. (Because every little bit helps, right?)

1. Where Will You Live?

Whether you plan to rent or buy a home, there are resources that can help give you a fair idea of the cost of the housing market where you choose to move. Check around online at websites like Zillow.com or Realtor.com – as they can both offer some information about both the rental and buying markets. But don’t depend on them as your sole source of information. (And by the way, just beware of the numerous scam listings for both on Craigslist.org.) Check with the local Chamber of Commerce or the website for the city you’re interested in learning about – because they will often have “Moving to …..?” packages they can send to you that include a great deal of helpful information.

Of course, if buying a home is at the top of your list, it makes sense to find an experienced and reputable Realtor® in that city that you can work and communicate with. They’ll be able to help you pinpoint the most important features about your home and the area you wish to live, and as your ‘boots-on-the-ground,’ their assistance can be invaluable.

2. Where Will You Work?

Sometimes the job is what brings you to a new city. Sometimes knowing friends, family, or associates in an area will help you find employment more quickly when you move. But if you’re starting from scratch, research the types of jobs that are available in your field online at places like Indeed.com, or Monster.com – or any number of job-seeking/job-placement websites. It used to be that scanning the Want Ads in the local newspaper was the method to get a feel for employment in another area; but with the move to digital and the efficiency that offers to employers – your best bet is going to be starting with your search through the internet.

That’s not to say that once you arrive, it should still all be done “online.” Quite the contrary, employers are impressed with those who make the effort to present themselves in person for many positions – especially small businesses (of which there are many in Southern Nevada – because we’re not all about huge hotels and casinos, you know!).

3. Weather and Location.

Most people have a pretty good idea if they want to head for a place where the sun shines all the time, or where they can experience the four seasons. What they often fail to consider, though, is the proximity to those “life conveniences” that you’re used to, but may not be available in some places.

For example, if you’re in Las Vegas – the convenience of a major international airport within 30 minutes of virtually any point in the valley is something you get used to quickly – whether you’re the one traveling, or you’re picking up friends and family at the airport. On the other hand, if you’re used to that convenience and move to Vermont, you may not realize you’re going to be a 3-hour drive (one-way) to the Boston airport. The same thing applies to shopping, culture, entertainment, and many other everyday things that you may take for granted now, but might be giving up in your new city. A list of what you can – and can’t – live without can be very helpful in narrowing down your choices.

Those three things are only the beginning, of course. There’s also a need to give serious consideration to several other circumstances – some may affect your life, some may not– but could in the future, and some may not matter at all. But that list continues with such topics as:

• Taxes. State income tax can take a huge chunk of your income (except in places like Las Vegas, since Nevada has no state income tax at all!). Be sure to add this to your financial considerations.

• Quality Health Care. With the changing health care climate in the country, this has become a more important issue than ever before for many people. Don’t simply assume you’ll have easy access to the care you need – confirm it. (By the way, Las Vegas has many – and some of the best – hospitals and health care providers in the country – and resources are growing all the time.)

• Education. If there’s the slightest chance you may want to continue your education now or in the future, be sure to look into universities and college opportunities nearby. A quick look at each city’s Wikipedia page can be helpful to show what schools are available. (Las Vegas is the home of UNLV, CSN, and Nevada State College, along with a number of special trade schools from Touro University to Le Cordon Bleu College of Culinary Arts.)

• Transportation. Moving to an urban area? Then do you really need the expense of a vehicle? (Given Uber and Lyft and other options available these days.) On the other hand, the West is a bit of a different animal. Planned and developed during the heyday of the U.S. automobile, contrary to what people think – you can’t just pick up a friend at the Reno airport when you live in Las Vegas. Things are a bit more spread out here, and the public transportation that’s so available in the East isn’t really on display out West. So plan accordingly.

We figure that should be enough to get you started. A move is a big thing – and exciting time – and fills the future with unlimited possibilities. And if Las Vegas should become your moving-destination-of-choice, know that the crew at New Home Resource is here to help you find just the right new or resale home for your family’s needs. We love this place – and we’ll be happy to show you why!

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for a newly-built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to find the perfect property for you. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, Lance Partin and Kathy Paterniti are all here to help!

By Jennifer Riner, Trulia

Suffering through a long morning and evening commute is intrusive and can consume hours of your life every year. Unfortunately, work-related travel rose to 27.2 minutes in 2014 from 26.4 minutes in 2009 in the largest U.S. metro areas. Many Americans have taken the necessary steps to shorten their commute times, opting for apartments closer to work and placing low commute times at the top of their must-have lists, according to a Trulia study.

Renters have shorter commute times compared to homeowners in 43 out of 50 major metros, which adds up to one-and-half minutes per day, or 8.7 hours annually.

Cities with the Best Commute Times

Note: Census’ 2014 American Community Survey

While in some cities, renters fare better when it comes to getting to work efficiently, both renters and homeowners in Las Vegas benefit from low commute times. The average commute time for all Las Vegas residents is just 22.5 minutes, the fifth best out of all U.S. cities.

Las Vegas lessees have an average commute of 23 minutes, which is equivalent to Las Vegas homeowners’ commutes. If you’re searching for a home in Las Vegas, you’re likely to receive the same rapid work-related travel apartment dwellers get, as long as you choose a well-positioned neighborhood that’s not overly far from your place of employment.

How important are commute times to Americans?

According to Trulia’s analysis of Census data contrasted with an online survey by Harris Poll, Americans rank short commute times to work and access to public transportation second on their must-have lists – whether they opt for buying or renting in Las Vegas and beyond.

Millennial Americans are more inclined to search for apartments closer to work and worry about low crime rates after the fact. In the study, 22 percent of 18 to 34 year olds remarked that “shorter commutes to work” or “nearby public transportation” were more important than living in a neighborhood with low crime rates, while 14 percent opted for the latter as more pressing.

In Las Vegas, 95 percent of residents commute by car, while just 4 percent opt for public transportation. However, the Regional Transportation Commission of Southern Nevada (RTC) offers 38 routes and carried over 60 million passengers in 2015 alone. So if you don’t have a car in Las Vegas, you can still benefit from a low commute by taking advantage of public transportation options. Opt for apartments within close proximity of bus stops to make your morning and evening schedule a little less stressful each day.

It’s no secret that the real estate market has had a tough go of it these past few years here in Southern Nevada. But now, all the data and statistics are gathering to indicate that the housing marketing in Las Vegas is back in action. If you’re wondering what the local perspectives are as to what’s in store for both new and resale homes in the valley, here are some of the notable highlights:

Las Vegas Home Prices Are Up 8% Over Last Year

The Greater Las Vegas Association of Realtors (GLVAR) reports that local home prices and sales stabilized in May 2015 – with the median price of homes sold through MLS rising from last year’s $195,000 to the current median of $211,250. According to GLVAR President Keith Lynam, “Overall, home prices have been stable this year, and demand is steady in our housing market.”

New Home Prices, Sales, and Permits Up This Year In Southern Nevada

As reported by Vegas, Inc. recently:

• New home sales have risen over last year by 8.9%.
• Builders pulled 680 new home permits in May – for a total of 3,289 year-to-date – a jump of 23.3%.

Clark County Unemployment At Its Lowest Level Since 2008

Few things will drive down a housing marketing like unemployment. If people don’t have jobs, they can’t buy. That’s now changing in Southern Nevada, as recent statistics show that area unemployment rates fell to 6.6% – and that’s music to everyone’s ears.

Available Home Inventory Is the Current Challenge

While new home builders are racing to meet demand, it’s clear that one thing needed to balance the market is additional inventory. It wasn’t too long ago that such a statement would have been considered wildly optimistic for Las Vegas. But in a move to address the issue, banks are finally beginning to take action on eliminating one of the last dark clouds on the Southern Nevada horizon – cleaning up the books on foreclosures. In doing so, yet another obstacle to the housing market will be eliminated – and it’s a step in the right direction for the Las Vegas economy.

Indeed, even as prices are stabilized and beginning to climb, consumers are seeing the value in returning to homeownership. With mortgage loans becoming more readily available and low interest rates playing a key role, it’s clear that the housing crisis now in the rear-view mirror and the Las Vegas valley’s economy is once more on the rise.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for a newly-built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to find the perfect property for you. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, Lance Partin and Kathy Paterniti are all here to help!