Thomas Cullum, Real Estate Agent S.0197035

Thomas Cullum, Real Estate Agent S.0197035 Keller Williams Realty Las Vegas

A debt agreement has made significant progress as it passed in the House and is now heading to the Senate for voting. If...
06/02/2023

A debt agreement has made significant progress as it passed in the House and is now heading to the Senate for voting. If approved, it will then require the President's signature. This positive development is expected to be finalized by June 5th, reducing uncertainty in the markets. With this hurdle addressed, investors will now shift their attention to economic data and eagerly await the Federal Reserve's next steps....

A debt agreement has made significant progress as it passed in the House and is now heading to the Senate for voting. If approved, it will […]

The start of the week has brought a mix of developments influencing the market. Key factors include hints of a resolutio...
05/16/2023

The start of the week has brought a mix of developments influencing the market. Key factors include hints of a resolution surrounding the debt ceiling, a combination of strong and weak economic data, optimistic banking news, and comments from Federal Reserve officials. Furthermore, recent data from Black Knight's Home Equity trend highlights an average of $185,000 in tappable equity for homeowners....

The start of the week has brought a mix of developments influencing the market. Key factors include hints of a resolution surrounding the debt ceiling, a […]

The US housing market this spring is experiencing unusual conditions with fewer homes selling than usual, but the ones t...
05/13/2023

The US housing market this spring is experiencing unusual conditions with fewer homes selling than usual, but the ones that are selling are moving quickly due to limited inventory and a small pool of determined buyers. Despite elevated mortgage rates and an unseasonal decline in total inventory, with new listings down 19% year over year during the four weeks ending May 7, pending sales have seen an uptick over the last week....

The US housing market this spring is experiencing unusual conditions with fewer homes selling than usual, but the ones that are selling are moving quickly due […]

Nevada is making a pitch to Sony Pictures, putting together a package of tax breaks to tempt the movie-making giant to s...
05/11/2023

Nevada is making a pitch to Sony Pictures, putting together a package of tax breaks to tempt the movie-making giant to set up shop in southwest Las Vegas. Tax breaks are reportedly part of the economic incentives under consideration. That’s how the deal came into the public eye, as Nevada lawmakers consider changing existing law to get around a limit on tax breaks for movie studios that is currently in place....

Nevada is making a pitch to Sony Pictures, putting together a package of tax breaks to tempt the movie-making giant to set up shop in southwest […]

The April report on how much producers are charging for their goods showed a small increase of 0.2%. This was less than ...
05/11/2023

The April report on how much producers are charging for their goods showed a small increase of 0.2%. This was less than the 0.3% increase we were expecting. As a result, the overall yearly increase in these costs has gone down from 2.7% to 2.3%. That's a big improvement compared to when it was at its highest at 11.7%, and it's the lowest we've seen since January 2021....

The April report on how much producers are charging for their goods showed a small increase of 0.2%. This was less than the 0.3% increase we […]

New Listings (785): This is a measure of market activity and could indicate seller's confidence in the market. It's a re...
05/10/2023

New Listings (785): This is a measure of market activity and could indicate seller's confidence in the market. It's a relatively high number, suggesting a lot of new properties coming into the market. This could lead to increased competition among sellers, potentially affecting sale prices. Back On Market (178): These are properties that were off the market but are now back on, possibly because a sale fell through or the seller decided to try to sell again....

To summarize, this data suggests an active Las Vegas real estate market with a high volume of new listings and a healthy number of transactions. However, […]

(Their full report linked below) The Las Vegas real estate market is experiencing significant growth and transformation,...
05/05/2023

(Their full report linked below) The Las Vegas real estate market is experiencing significant growth and transformation, driven by factors such as strong demand, limited inventory, and an increase in new construction projects. As a popular destination for both tourists and new residents, Las Vegas is attracting investors and homebuyers alike, contributing to a competitive market environment. Despite challenges posed by economic downturns and fluctuations in tourism, the city's housing market demonstrates a remarkable resilience and continues to evolve....

(Their full report linked below) The Las Vegas real estate market is experiencing significant growth and transformation, driven by factors such as strong demand, limited inventory, […]

The Boring Company, Elon Musk's tunnel digging venture, has been granted approval to expand its "Vegas Loop" system to 6...
05/04/2023

The Boring Company, Elon Musk's tunnel digging venture, has been granted approval to expand its "Vegas Loop" system to 69 stations, which entails constructing 25 miles of additional tunnels and 18 new stations. This expansion marks a significant vote of confidence in Musk's vision of an underground network of Teslas. However, there are concerns about the project's performance, capacity, and competition with existing transportation options....

The Boring Company, Elon Musk’s tunnel digging venture, has been granted approval to expand its “Vegas Loop” system to 69 stations, which entails constructing 25 miles […]

Black Knight just reported that home prices rose 0.5% in March, following a 0.4% rise in February. Home prices have clea...
05/04/2023

Black Knight just reported that home prices rose 0.5% in March, following a 0.4% rise in February. Home prices have clearly reached an inflection point and are back on the rise once again. We are not just getting this data from one source, here is a list of some of the most prominent appreciation reports: -Case Shiller: +0.2% in February…...

Black Knight just reported that home prices rose 0.5% in March, following a 0.4% rise in February. Home prices have clearly reached an inflection point and […]

In simple terms, the Federal Reserve (the Fed) is planning to increase interest rates by a small amount today, even thou...
05/03/2023

In simple terms, the Federal Reserve (the Fed) is planning to increase interest rates by a small amount today, even though it might not be the best decision. They're aware that inflation is decreasing, as shown by various indicators. However, the Fed's leader, Powell, seems to be ignoring these signs and following a cautious approach like former Fed leader Paul Volcker....

In simple terms, the Federal Reserve (the Fed) is planning to increase interest rates by a small amount today, even though it might not be the […]

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9420 W. Sahara Avenue #100
Las Vegas, NV
89117

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