01/28/2026
Las Vegas December Market Report
Despite a mostly sluggish market throughout 2025, December has brought some encouraging signs heading into the new year. Buyer activity both locally and nationally is showing signs of improvement as sales of existing home sales climbed to a 34 month high in December. Home prices remain fairly stable with only a small 1.7% dip compared to December of 2024, mortgage rates ended the year the lowest they've been in three years and most trends are pointing towards a very balanced housing market in 2026.
Additionally, there has been some big news coming out the current administration that could have significant impacts on both the local and national markets by freeing up much needed inventory, driving mortgage rates further down and have a positive impact on the market overall.
First, through an executive order, the administration aims to block large institutional investors from gobbling up single family homes, prioritizing sales to families rather than corporations and directing federal agencies to define key terms and implement restrictions. For years institutional investors have been purchasing single family homes both in bulk and paying all cash, negatively impacting the supply of homes that are available, putting upward pressure on home prices and slowly pushing traditional buyers out of the market.
Second, the federal administration has proposed that the US government via Fannie Mae and Freddie Mac, government sponsored enterprises (or GSE's), purchase around $200B in mortgage backed securities. This action leverages the balance sheets of the GSE's to intervene directly into the housing finance market. Mortgage-backed securities are simply bonds composed of pools of home loans. Investors (like pension funds and banks) buy MBS's and receive monthly principal and interest payments. The price of these securities and the yield investors demand directly influence mortgage interest rates. Immediately after the announcement of this action alone, mortgage rates dipped below 6% for the first time in years.
Only time will tell what impact these action will have overall on the real estate market but none the less, it's good to see that local real estate markets and housing affordably are becoming a focus in 2026.
That's it for this month! As always please see the full market report for December 2025 below and if you have any questions or would like to discuss the market in more detail, give me a call anytime!
http://www.krisloveslasvegas.com/
