{"id":286,"date":"2021-09-04T16:21:18","date_gmt":"2021-09-05T00:21:18","guid":{"rendered":"https:\/\/property-mgmt.com\/blog\/?p=286"},"modified":"2021-09-04T16:21:21","modified_gmt":"2021-09-05T00:21:21","slug":"las-vegas-new-home-market-and-eviction-moratorium","status":"publish","type":"post","link":"https:\/\/property-mgmt.com\/blog\/2021\/09\/04\/las-vegas-new-home-market-and-eviction-moratorium\/","title":{"rendered":"Las Vegas New Home Market And Eviction Moratorium"},"content":{"rendered":"\n<p><strong>Las Vegas New Home Market<\/strong><\/p>\n\n\n\n<p>Most of the new home builders are disincentivizing Realtors from being involved with new home sales.&nbsp; The new home market is so strong that the builders are saving money and improving their bottom line by not involving outside sales agents.&nbsp;<\/p>\n\n\n\n<p>Other large markets like New York, Chicago, and Los Angeles are seeing their upper-class residents moving out of these large cities and opting for smaller, more conservative atmospheres in which to reside.&nbsp; Many of these individuals are entering new markets like Las Vegas with loads of cash and the excitement of being able to get more house bang for their buck.&nbsp; Consequently, Las Vegas and other smaller cities are seeing very strong sales and rental markets where cash is king.&nbsp;<\/p>\n\n\n\n<p>It is not unusual for home offers to be 8%-10% over the asking price on an all cash no contingency situation.&nbsp; Some owners, when moving into a new market are choosing to rent first in order to get a lay of the land.&nbsp; They are basically paying a years\u2019 worth of rent at move-in in order to in a way outbid any of the competition.<\/p>\n\n\n\n<p><strong>Rental Market Feeding Frenzy<\/strong><\/p>\n\n\n\n<p>In the rental market we are experiencing the same feeding frenzy.&nbsp; Rents have increased dramatically and still when anything under $2000 per month becomes available it is only a matter of a few hours and the property is gone.<\/p>\n\n\n\n<p><strong>Federal CDC Eviction Moratorium<\/strong><\/p>\n\n\n\n<p>The Federal CDC Eviction Moratorium is still in place but many of the State eviction moratoriums have been eliminated.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n <iframe title=\"Podcast 082121\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/e56rqMQT8NI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Las Vegas New Home Market Most of the new home builders are disincentivizing Realtors from being involved with new home sales.&nbsp; The new home market is so strong that the builders are saving money and improving their bottom line by not involving outside sales agents.&nbsp; Other large markets like New York, Chicago, and Los Angeles [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,4,2,1],"tags":[69,75,67,76],"class_list":["post-286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investors","category-landlord-tips","category-tenant-tips","category-uncategorized","tag-henderson-property-management","tag-las-vegas-cdc-eviction-moratorium","tag-las-vegas-property-management","tag-rental-market-frenzy"],"_links":{"self":[{"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/posts\/286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/comments?post=286"}],"version-history":[{"count":1,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/posts\/286\/revisions"}],"predecessor-version":[{"id":288,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/posts\/286\/revisions\/288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/media\/287"}],"wp:attachment":[{"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/media?parent=286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/categories?post=286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/tags?post=286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}