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  • 2016 Las Vegas Economy & Real Estate Crystal Ball Report

    If only we had a crystal ball, we would know for sure, but here’s how things are looking for early 2016 for the Las Vegas Economy, Community and National Outlook. Rates & Home Values

    Interest Rates

    We expect to see a lot of changes with interest rates, they will be on the rise. A current study shows we will likely be at 4.6% at this time next year. Rising interest rates  affect affordability. With  interest rates and prices trending up, it will be more challenging for some buyers to purchase a home in Las Vegas. We recommend that you purchase sooner than later, and maximize your buying power.

    Las Vegas Foreclosures & Short Sales

    With approximately 30% of homeowners still under water, we are seeing a decreasing trend, and expect to see this number continue to drop in the coming year.

    Home Values

    Dave recently sat on a panel for the Appraisal Institute, and in discussions reviewed how new home construction prices are climbing and the builders are bullish in the current market. With prices in competition with resale homes in Las Vegas.

    Las Vegas New Home Construction

    The North West is still selling strong; with some of the best
    affordability in the valley; and some of the best quality (according to
    Dave). It’s no longer a secret,  people have figured out that its a
    great location, competition is now on the rise.
    Pardee Homes just joined the other home builders in Skye Canyon on of Las Vegas’ newest Master Planned Communities. Skye Canyon was previously known as Horse Road.
  Vegas Strip

    The Las Vegas Strip is seeing some face-lifts and with the addition of the new Arena from MGM, the first in may years; we will see Grand Opening celebrations in the Spring of 2016. An increase of Las Vegas strip events around the Monte Carlo & New Your, New York Hotel & Casinos are slotted as well. There is not much of a word for the fate of the current arena.
  National Outlook

    Terrorism & Tourism

    Unfortunately as we ring in the New Year, 2016 will likely continue to have a focus on International and National terrorism with the nationally terrorism focus it could continue to effect our local economy, specifically because of tourism.

    Health Care Costs Increasing

    Health insurance premiums are on the rise and with Obama Care rates increasing early mid-2016, it is important to take note on how it will affect a buyers home purchase, as will influence a buyer’s affordability when they look at their budget and home purhcase options. Radcliffe Group

    Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.
    As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.
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    Written by Nickel Lowman
    For Dave Radcliffe, The Radcliffe Group
    Keller Williams Realty Southwest

    David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea
    David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea

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