Author: admin
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Nevada: What’s the Cost per Square Foot? | Got More Questions? Call or Text Me Wardley Real Estate Lic#S.0202099
Nevada homes cost $239/sq-ft; $300K buys approximately 1,254 sq-ft. Housing remains expensive, especially for first-time buyers, despite hopes the market will stabilize.
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Here’s where apartment sizes are growing the most
In 2024, Tallahassee and Gainesville, Florida, had the largest average apartment sizes in the U.S. at 1,130 and 1,122 square feet, respectively, while Seattle had the smallest at 649 square feet. The national average apartment size increased to 908 square feet, with one- and two-bedroom units growing by 4 to 13 square feet. The report…
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Why Does Nevada Lag in Homeownership Rates? | Got More Questions? Call or Text Me Wardley Real Estate Lic#S.0202099
Nevada's homeownership rate stands at 60.4%, below the national average of 65.2%. Homeownership in Nevada has remained stagnant, increasing just 0.1% over the past year.
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The Cost Per Square Foot for a Nevada Home
In Nevada, the current median home price is $239 per square foot, meaning $300,000 buys a 1,254 square foot home. For $500,000, buyers can get a 2,090 square foot home. The housing market remains expensive, with the 30-year mortgage rate averaging 6.07%. While some buyers are waiting for better conditions, there's no guarantee that prices…
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Home Upgrades Booming by 2032 With 6% CAGR Predicted! | Got More Questions? Call or Text Me Wardley Real Estate Lic#S.0202099
The home improvement market is set to grow from $974.57B in 2025 to $1.46T by 2032, driven by innovation. The Leading Indicator of Remodeling Activity projects a 1.2% increase in year-over-year home renovation spending for 2025.
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New Tariffs Could Raise Construction Costs by 60%! | Got More Questions? Call or Text Me Wardley Real Estate Lic#S.0202099
U.S. construction faces rising costs as new tariffs could increase material prices by up to 60%. Construction inputs for multifamily projects have already surged 35% in 5 years, squeezing project feasibility.
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Interior Improvements: What Buyers Really Want? | Got More Questions? Call or Text Me Wardley Real Estate Lic#S.0202099
Enhancing interior features makes your home more appealing and increases buyer interest. Kitchen upgrades, including energy-efficient appliances and extra storage, significantly boost resale value.
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Legislature resurrects proposal to reset property tax valuation when home is sold
Nevada lawmakers are proposing a change to the property tax structure, allowing voters in 2028 to decide if property values should reset upon sale. Currently, the assessed value remains with the home, benefiting new owners. Assembly Joint Resolution 1 aims to amend the state constitution, requiring approval in two consecutive legislative sessions. Supporters argue it…
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Nevada’s Foreclosure Rate Among Highest in US! | Got More Questions? Call or Text Me Wardley Real Estate Lic#S.0202099
Nevada had the third-highest foreclosure rate in February, with 1 in every 2,435 housing units affected. Las Vegas led U.S. large metros in foreclosure rates, with 1 in every 2,044 housing units impacted.