Homeowners Are Sitting on Billions in Untapped Equity — Here’s How to Use Yours Wisely
Homeowners across the U.S. — especially in fast-growing markets like Las Vegas — are sitting on massive amounts of tappable equity. In fact, recent housing data shows Americans now have more than $16 trillionin home equity, with billions of that right here in Nevada.
But the big question is this:
What should you actually do with that equity?
Used wisely, your home equity can help you build wealth, eliminate debt, invest in your future, and strengthen your financial foundation. Used carelessly, it can create unnecessary risk.
Here’s how to use your equity strategically and responsibly.
1. Consolidate High-Interest Debt
Credit card interest rates are now averaging 20–30%, and many homeowners are feeling the pressure. If you’re carrying high-interest balances, a cash-out refinanceor HELOCcan dramatically reduce your monthly obligations.
Why this strategy works:
- Mortgage rates are significantly lower than credit card rates
- One consolidated payment is easier to manage
- Lower utilization often boosts your credit score
- Freeing up cash flow reduces financial stress
This is one of the smartest, most impactful uses of home equity — especially heading into 2026 with rising consumer debt.
2. Make High-ROI Home Improvements
Renovations can increase property value, improve your living space, and boost long-term equity. But not all upgrades are created equal.
High-return improvements include:
- Kitchen remodels
- Bathroom upgrades
- New flooring
- Exterior improvements for curb appeal
- Energy-efficient windows
- HVAC upgrades
A cash-out refinance or HELOC often makes more financial sense than personal loans or store financing, which carry higher rates.
3. Buy an Investment Property
If you’ve built strong equity and want to grow wealth, using that equity for a down payment on a rental or investment propertycan create long-term returns.
Benefits include:
- Additional monthly income
- Appreciation on multiple properties
- Tax benefits for investors
- A hedge against inflation
Many of your clients are leveraging their primary home equity to purchase:
- Long-term rentals
- Mid-term furnished units
- High-rise condos
- Second homes in Las Vegas communities
This is how homeowners move from paying a mortgage… to building a portfolio.
4. Refinance Into a Better Loan
Even if rates today aren’t at historic lows, refinancing can still make sense, especially if you can:
- Remove mortgage insurance (PMI)
- Switch from an ARM to a fixed-rate mortgage
- Shorten your term (30-year to 15-year)
- Reduce your interest rate
- Lower your monthly payment
If you bought in the mid-rate years and your equity has climbed, refinancing may open doors that weren’t available when you closed originally.
5. Build an Emergency or Opportunity Fund
Another smart equity move is pulling a conservative amount of cash for liquidity — not spending.
This gives homeowners:
- A financial safety net
- Funds for unexpected medical or family expenses
- Capital to jump on investment opportunities
- Flexibility during job changes or business transitions
A HELOC is especially useful for this because you only pay interest on what you use.
6. Prepare for Major Life Events
Your equity can help you navigate big moments with less financial strain.
Examples include:
- Paying for college tuition
- Funding a wedding
- Helping a family member buy a home
- Covering medical or caregiving expenses
- Preparing for retirement transitions
Instead of draining savings, homeowners can strategically tap equity to protect cash reserves.
7. Don’t Use Equity for “Lifestyle Debt”
Before leveraging your equity, it’s just as important to know what notto use it for.
Avoid spending equity on:
- Vacations
- Luxury purchases
- Vehicles
- Consumables
- Short-lived expenses
These reduce your net worth without creating long-term value.
How to Know Which Strategy Fits You Best
The right equity move depends on your goals:
- Want lower monthly expenses?
Debt consolidation or refi into a lower rate. - Want long-term wealth?
Invest in property or shorten your mortgage term. - Want flexibility?
Open a HELOC and keep funds available. - Want to upgrade your home?
Cash-out for renovations with strong ROI.
AtThe Derek Parent Team, we analyze your equity, credit, income, and goals to determine the smartest move — not just the easiest one.
Final Thoughts
Homeowners today have access to more equity than any time in history — but the real power lies in using it wisely. Whether you want to invest, reduce debt, protect your finances, or improve your home’s value, the right strategy can move you closer to your long-term financial goals.
If you’d like a customized equity analysis or want to explore cash-out, HELOC, or refinance options, connect with The Derek Parent Team. We’ll help you understand what’s possible and how to maximize your equity safely and strategically.
Why Year-End Is the Smartest Time to Buy a Home in Las Vegas
While most people are focused on holidays, travel, and year-end planning, savvy buyers are doing something different — they’re taking advantage of one of the best times of yearto buy real estate in Las Vegas.
If you’re serious about owning a home, the final months of the year offer unique advantages you won’t get in spring or summer. Here’s why year-end may be your smartest move.
1. Sellers Are More Motivated During the Holidays
By November and December, many sellers have had their homes on the market longer than expected. Whether they need to relocate, close before tax season, or simply don’t want to carry the home into the new year, seller motivation is significantly higher.
This often means:
- More price flexibility
- Faster negotiations
- Higher chance of seller-paid closing costs
- More willingness to accept contingencies
Less competition = more leverage for buyers.
2. Fewer Buyers in the Market
Most buyers pause their home search during the holidays. Kids are out of school, people travel, and money is tight — so buyer activity naturally slows down.
But that’s great news for you.
With fewer offers to compete against, you’re more likely to:
- Avoid bidding wars
- Get your first choice of home
- Negotiate better terms
- Lock in a property before demand surges in January and February
If you want less stress and more negotiating power, year-end is where it happens.
3. Builders Offer Huge Incentives Before December 31st
New construction communities LOVE closing out the year strong. Many builders — especially in Summerlin, Henderson, and the booming Northwest — offer massive incentives to hit their end-of-year sales goals.
These may include:
- Rate buydowns(including 2-1 buydowns)
- Closing cost creditsworth $10K–$25K
- Free upgradeslike flooring, appliances, or premium lots
- Discounts on quick-move-in homes
These incentives are often the best you’ll see all year.
4. You Get a Head Start Before the Spring Rush
Every January and February, buyers flood back into the market. Rates stabilize, tax refunds come in, and relocation season begins. By spring, competition spikes — and so do home prices.
Buying before the rush helps you:
- Lock in a home before demand increases
- Avoid rising list prices
- Close and move with fewer delays
- Refinance later if rates drop
You’re essentially buying low before everyone else wakes up.
5. Tax Advantages for Buying Before Year-End
Depending on your financial situation, buying before December 31st may give you access to tax benefitsincluding:
- Mortgage interest deduction
- Property tax deduction
- Possible points or buydown deductions
- First-time buyer incentives (depending on program)
Always consult with a CPA, but many homeowners enjoy meaningful tax advantages simply by closing before January 1st.
6. More Flexible Scheduling for Showings & Closings
The holiday slowdown benefits buyers beyond pricing — it also makes logistics easier.
You’ll often find:
- Faster appraisal scheduling
- Quicker underwriting
- Easier coordination with title companies
- More availability for inspections
Everything moves smoother because fewer people are buying at the same time.
7. You Can Set Yourself Up for a Strong Financial Start to 2026
Buying a home before year-end positions you to:
- Start building equity immediately
- Lock in monthly housing stability
- Avoid rising rents in the new year
- Begin 2026 with a major financial win
Instead of waiting and paying more later, you enter the new year already ahead.
Final Thoughts
Year-end might not be the most obvious time to buy a home, but in Las Vegas, it’s often the smartest. With motivated sellers, reduced competition, better builder incentives, and faster closing timelines, the final months of the year give buyers advantages they simply won’t find in spring or summer.
If you’re ready to take advantage of these benefits and explore your options, connect withThe Derek Parent Team. We’ll walk you through payments, programs, incentives, and strategies to help you buy smart — before the rest of the market jumps back in.
Credit Score Tune-Up: 7 Fixes That Strengthen Your Mortgage Approval in 2026
If you’re planning to buy a home in 2026, your credit score will be one of the biggest factors determining your loan approval, interest rate, and monthly payment. Even small improvements can save you thousands of dollars over the life of your mortgage.
The good news? You don’t need a perfect score to qualify — but a stronger score means better options, lower rates, and more negotiating power. Here are seven smart credit fixesto tune up your score before you apply for a mortgage in 2026.
1. Pay Down Credit Card Balances Strategically
Your credit utilization ratio — the percentage of available credit you’re using — makes up 30%of your credit score. Lowering that percentage is one of the fastest ways to see a score increase.
Tips that work:
- Keep balances below 30%, and ideally under 10%.
- Pay down cards with the highest utilization first.
- Avoid using your cards heavily 2–3 months before your mortgage application.
This single fix can raise scores 20–60 points in a short period.
2. Check Your Credit Reports for Errors
Mistakes happen more often than most people realize — and even a small error can impact your approval.
Request your free annual reports and look for:
- Accounts that don’t belong to you
- Incorrect balances
- Duplicate accounts
- Outdated collections
- Late payments you can prove were on-time
Disputing errors early gives the bureaus enough time to correct the issue before your mortgage lender pulls your credit.
3. Avoid Opening New Credit Accounts
Opening new accounts can temporarily lower your score because:
- Hard inquiries reduce points
- New accounts reduce your average age of credit
If you’re preparing for a mortgage, avoid:
- New credit cards
- Auto loans
- Furniture or appliance financing
- Buy-now-pay-later accounts
Remember: No major credit changes within 6–12 months of buying.
4. Set Up Automatic Payments to Prevent Late Marks
Payment history is 35%of your entire credit score — the largest factor. One late payment can drop your score 50–100 points.
If you struggle to remember due dates:
- Set up autopay for minimum payments
- Create reminders on your calendar
- Align due dates after your paycheck
Protecting your on-time history is one of the most valuable things you can do.
5. Negotiate Old Collections or Charge-Offs
Collections don’t always need to be paid off to qualify for a mortgage, but resolving them can help your score move faster.
What to do:
- Contact the creditor
- Request a “pay for delete”(they remove the account when you pay)
- Get agreements in writing
Collections older than 24 months may not impact your score as much, but paying off newer ones can create an instant bump.
6. Ask for a Credit Limit Increase
If your utilization is high but you don’t have cash to pay down balances, asking for a credit limit increase can improve your score withoutspending money.
For example:
- A $1,500 balance on a $3,000 limit = 50% utilization
- A $1,500 balance on a $6,000 limit = 25% utilization
Just make sure you don’t add new chargesonce your limit increases.
7. Keep Old Accounts Open
Your credit score rewards you for long-standing accounts. Closing old credit cards can:
- Shorten your credit history
- Increase your utilization
- Reduce your total available credit
Even if you don’t use them often, keep old accounts open — especially those with a long positive history.
Bonus Tip: Talk to a Lender Early
Many buyers wait too long to review their credit, only to discover issues right before they want to submit an offer. The truth is, the earlier you start the process, the more options you have.
A quick credit review with a mortgage professional can:
- Identify what’s hurting your score
- Give you a personalized improvement plan
- Tell you exactly what you need for approval
- Help you qualify for the best interest rate
AtThe Derek Parent Team, we walk buyers through credit improvement steps every day — and even small tweaks can create big results when it’s time to buy.
Final Thoughts
Improving your credit doesn’t have to be stressful or overwhelming. With the right strategy and a few consistent habits, you can strengthen your mortgage approval, lower your future interest rate, and put yourself in the best position possible for buying a home in 2026.
Whether your score needs a small tune-up or a major boost, the earlier you start, the better your results will be.
If you want a personalized credit roadmap and mortgage analysis, connect with The Derek Parent Teamtoday. We’ll help you understand your numbers and get mortgage-ready with confidence.
Tax Advantages Every Homeowner Should Maximize Before January 1st
As the year winds down, most homeowners start thinking about holiday plans, travel schedules, and finishing the year strong. But one of the most important things you can do before December 31st is make sure you’re taking full advantage of the tax benefitsthat come with homeownership.
Many homeowners miss out on deductions simply because they forget what’s available — or they wait until it’s too late. Here’s a simple breakdown of the top tax movesyou should consider before the new year.
1. Check Your Mortgage Interest Deduction
If you itemize your taxes, you may be able to deduct the mortgage interest you paid this year. This often applies to:
- Primary residences
- Second homes
- Some investment properties
Because mortgage interest is front-loaded (you pay more interest early in your loan), this deduction can be substantial.
Year-end tip:
Download your year-to-date mortgage statement and make sure it aligns with your tax plan. If you’re close to the itemization threshold, this deduction may push you over.
2. Deduct Property Taxes Paid This Year
Homeowners can typically deduct up to $10,000of state and local taxes combined (SALT cap). This includes:
- Property taxes
- State income taxes
- Local sales taxes
Year-end tip:
If your county allows it, consider paying your next property tax installment before December 31stto maximize this year’s deduction.
3. Energy-Efficient Improvements May Qualify for Credits
If you upgraded your home this year — especially for energy efficiency — you may qualify for federal tax credits worth hundreds or even thousands of dollars.
Eligible improvements include:
- Solar panels
- Energy-efficient windows
- New HVAC systems
- Insulation upgrades
- Energy-efficient water heaters
Why this matters:
Credits reduce your tax bill dollar for dollar, which is even better than a deduction.
4. Track Home Office Deductions
If you’re a remote worker, self-employed, or operate a business from home, you may qualify for the home office deduction.
This can include a portion of:
- Utilities
- Internet
- Maintenance
- Depreciation
- Mortgage interest
- Home insurance
The key is that your home office must be used regularly and exclusivelyfor work.
Year-end tip:
Gather receipts and calculate your office percentage now so you’re not scrambling during tax season.
5. Review Capital Gains Rules if You Sold a Home in 2024
If you sold your primary residence this year, you may qualify for the capital gains exclusion:
- Up to $250,000tax-free profit for single filers
- Up to $500,000for married couples
To qualify, you must have lived in the home for at least two of the last five years.
Year-end reminder:
Make sure you track improvements you made during ownership, as these increase your cost basis and reduce taxable gain.
6. Consider Making an Extra Mortgage Payment
Homeowners who itemize can sometimes benefit from making one additional mortgage paymentbefore December 31st. Doing so may increase your deductible mortgage interest for the year.
This strategy works best when:
- You itemize
- You’re close to the deduction threshold
- You want to reduce taxable income before January 1st
Always consult a tax professional to see if this move benefits you.
7. Document Home Improvements for Future Tax Savings
Even if you don’t get a deduction this year, keeping a record of upgrades helps you later when you sell the property.
Why?
Because improvements increase your home’s cost basis, reducing your taxable capital gains.
Start building a folder with:
- Contractor invoices
- Receipts
- Permit fees
- Material costs
Your future self will thank you.
Final Thoughts
Homeownership comes with incredible financial advantages — but only if you use them. Reviewing your deductions, credits, and home-related expenses before January 1st can save you money and set you up for a stronger financial year ahead.
If you want to explore refinancing opportunities, cash-out options, or strategies to maximize your equity and tax benefits, connect withThe Derek Parent Team. We’ll help you understand your numbers and make smart year-end decisions.
Las Vegas High-Rise Report: Pricing, Inventory & What’s Coming in 2026
As Las Vegas continues expanding its skyline, high-rise condos remain one of the most unique—and misunderstood—segments of the real estate market. From Strip-facing luxury towers to modern residential buildings off Las Vegas Blvd., high-rise living is gaining momentum again as the city evolves into a true sports and entertainment hub.
If you’re considering buying, selling, or investing in a Vegas condo, here’s your 2025–2026 High-Rise Market Reportbreaking down pricing, inventory, and what’s ahead.
1. High-Rise Pricing Trends Heading Into 2026
Over the past few years, high-rise values have rebounded steadily after temporary price dips caused by interest rates and building-specific restrictions. Today, pricing is stabilizing—and in some towers, quietly creeping upward.
Current Price Ranges (2025 Market Snapshot)
- Luxury Towers (Waldorf Astoria, The Martin, Veer Towers):
$600–$1,800+ per sq. ft. - Mid-Luxury Towers (Turnberry, Panorama, Sky Las Vegas):
$375–$650 per sq. ft. - Entry-Level High-Rises (SOHO, Juhl, Allure):
$300–$450 per sq. ft.
What’s Driving Pricing?
- Strong demand from out-of-state buyers
- Limited resale inventory due to low turnover
- Major events boosting desirability (Formula 1, A’s Stadium, Sphere expansion)
- Investors seeking low-maintenance, lock-and-leave assets
Bottom line:Prices are not falling. They’re stabilizing—and poised for gradual appreciation in 2026.
2. Inventory Remains Tight (but Improving Slightly)
High-rise inventory in Las Vegas is still far below historical norms. Many homeowners who purchased during low-rate years are holding onto their units, and new luxury towers are not being built at the pace seen in cities like Miami or New York.
Current Inventory Breakdown
- Luxury properties:Low inventory; highly competitive
- Mid-tier towers:Moderate turnover, especially in Panorama & Sky
- Older buildings:More options, but many need upgrades
Because new construction is rare in the high-rise segment, resale units remain the primary source of opportunity.
What this means for buyers:
If you have your eye on a specific tower or floor plan, be ready to move quickly—especially for Strip-view or corner units. Pre-approval from a high-rise–experienced lender gives you a major advantage.
3. What’s Fueling Demand Going Into 2026?
Migration, lifestyle, and Nevada’s tax benefits continue to push demand upward. But several new catalystsare accelerating interest in high-rise ownership:
The Sports Boom
- Raiders, Golden Knights, Aces
- Formula 1
- A’s Stadium opening soon
- Major events boosting tourism and executive relocations
The Entertainment Expansion
- Sphere expansion phase
- New resorts and hospitality developments
- Strengthening convention calendar
The Remote Work Shift
Professionals relocating from the West Coast are choosing high-rise condos for their amenities, security, and convenience.
Translation:Lifestyle + location = strong and lasting demand.
4. What to Expect in 2026: The High-Rise Outlook
Looking ahead, several trends are likely to shape the 2026 market:
1. Gradual Price Appreciation
Experts expect 3–5% appreciation annually in prime towers as demand stays strong.
2. More Renovations in Older Buildings
Buyers want turnkey units. Expect increased remodeling, modernizing, and amenity upgrades.
3. A Rise in Investor Activity
Especially in buildings with mid-term and corporate rental flexibility.
4. Stronger Financing Options
As litigation clears in some towers and guidelines loosen, lenders may approve more units for conventional and jumbo financing.
5. Increased Focus on HOAs
Buyers will continue scrutinizing reserves, budgets, insurance, and upcoming assessments.
5. Should You Buy Now or Wait for 2026?
Waiting for the “perfect moment” in real estate usually costs more in the long run. Here’s why acting sooner may be smarter:
- Inventory is still tight, so good units don’t stay available long.
- If rates drop, competition will surge.
- Prices in luxury buildings rarely go backwards.
- Rental demand (especially mid-term) remains strong for investors.
If you find a great unit now, securing it and refinancing later (if rates improve) is the winning strategy.
Final Thoughts
The Las Vegas high-rise market is healthy, stable, and positioned for real growth heading into 2026. For buyers, that means more opportunity—and for investors, it means strong long-term upside in a segment with limited supply and rising demand.
Whether you’re comparing towers, exploring investment options, or looking for a Strip-view dream home, the key is working with a lender who understands high-rise financing inside and out.
For expert guidance and custom scenarios, connect withThe Derek Parent Team— the leaders in Las Vegas high-rise mortgage lending.
From Tourists to Homebuyers — How Vegas Migration Is Shaping Real Estate
For decades, people came to Las Vegas for entertainment, gaming, and world-class dining. But today, more visitors are deciding not to leave. What was once a tourist destination has become one of the fastest-growing housing marketsin the country, attracting families, professionals, and retirees from across the U.S.
So what’s driving this migration—and how is it shaping the local real estate market?
Let’s break it down.
1. From Visitors to Residents
Each year, millions of tourists visit Las Vegas. Many fall in love with the sunshine, affordability, and lifestyle—and decide to call it home. In fact, studies from the Las Vegas Global Economic Alliance (LVGEA)show that a significant percentage of new residents first experienced the city as visitors.
Unlike traditional resort towns, Vegas offers more than entertainment. It’s a city with growing job opportunities, new master-planned communities, and a surprisingly family-friendly culture.
2. Why People Are Moving to Las Vegas
Affordability Compared to Coastal Cities
Homebuyers relocating from California, Arizona, and the Pacific Northwest find that their money goes much further in Nevada. Even with rising prices, Las Vegas homes remain more affordable than those in Los Angeles or San Francisco—sometimes by 30–40%.
Tax Benefits
Nevada has no state income tax, which appeals to remote workers, entrepreneurs, and retirees looking to keep more of their earnings.
Remote Work Flexibility
The post-pandemic shift to remote and hybrid work allows professionals to live where they want, not just where their jobs are based. Las Vegas has become a hotspot for those seeking big-city amenities without big-city costs.
Lifestyle and Climate
From golf courses and hiking trails to world-class restaurants and shows, Vegas offers year-round recreation. The warm climate also attracts “snowbirds” seeking to escape cold winters.
3. How Migration Is Transforming the Market
Rising Home Demand
New residents are fueling steady demand for housing, especially in areas like Summerlin, Henderson, and the Northwest Valley.Builders are racing to keep up with population growth, while resale inventory remains tight.
Shift in Buyer Demographics
Vegas buyers now include more young professionals and remote workers, not just retirees. This has increased demand for condos, townhomes, and single-family homes with home offices or flexible spaces.
Investment Opportunities
Out-of-state investors see Las Vegas as a high-potential market for long-term rentals and vacation properties. Even as short-term rental regulations evolve, investor interest remains strong.
High-Rise and Luxury Market Growth
Migration has reignited interest in high-rise livingalong the Strip and in suburban luxury communities like The Ridges and MacDonald Highlands. High-net-worth individuals are trading California luxury for Vegas lifestyle and tax savings.
4. Challenges That Come With Growth
While migration has energized the economy, it also brings challenges:
- Inventory Shortage:Demand continues to outpace supply, keeping prices elevated.
- Affordability Pressure:Wage growth hasn’t fully kept up with housing costs.
- Infrastructure Needs:The city is rapidly expanding roads, schools, and utilities to keep up with growth.
Still, compared to many U.S. metros, Las Vegas remains one of the most accessible and opportunity-rich housing marketsfor buyers.
5. What It Means for Homebuyers and Investors
If you’re considering buying in Las Vegas, now’s the time to get strategic.
- For Homebuyers:Rising migration means continued competition for desirable properties. Getting pre-approved early and working with a local lender gives you an edge.
- For Investors:The steady inflow of new residents supports long-term rental stability, especially in family-oriented communities and high-demand school zones.
- For Sellers:Continued in-migration means strong buyer interest and potential appreciation—especially in well-maintained or upgraded homes.
Final Thoughts
Las Vegas is evolving from a vacation destination into a vibrant, full-time community—and migration is at the heart of that transformation. As more people discover that Vegas offers both lifestyle and opportunity, the real estate market will continue to grow and diversify.
Whether you’re moving here, investing here, or already a homeowner, understanding how migration trends shape the market can help you make smarter real estate decisions.
If you’re ready to explore opportunities in Las Vegas real estate, connect withThe Derek Parent Team. With decades of experience helping homeowners, veterans, and investors, we’ll help you find the right move in this exciting market.
Refinance in Vegas: Is It Worth It at Today’s Rates?
Interest rates have shifted dramatically over the past few years, leaving many Las Vegas homeowners wondering: “Is refinancing still worth it?”
The answer depends on your current rate, financial goals, and how long you plan to stay in your home. While today’s rates may not match the record lows of 2020–2021, refinancing can still make sense in the right situation. Let’s explore when it’s smart to refinance—and when it’s better to hold tight.
What Does It Mean to Refinance?
Refinancing replaces your existing mortgage with a new one—ideally with better terms. You can refinance to:
- Lower your interest rate
- Shorten your loan term (30 to 15 years)
- Tap into home equity for cash (cash-out refinance)
- Consolidate debt at a lower rate
- Remove a co-borrower or switch from an adjustable to a fixed rate
It’s essentially a reset button for your mortgage—one that can save money or unlock financial flexibility.
Why Homeowners Are Still Refinancing in 2025
Even though rates have risen from historic lows, there are still strong reasons to refinance:
1. To Consolidate High-Interest Debt
Many Las Vegas homeowners are carrying credit card balances at 20% or higher. A cash-out refinance at even 6–7% can save thousands in interest and simplify monthly payments.
2. To Fund Home Improvements
If your home’s value has appreciated, tapping into equity can help finance renovations that boost resale value or comfort—like kitchen upgrades, new HVAC, or solar.
3. To Switch to a Shorter Term
Refinancing from a 30-year to a 15- or 20-year term can help you build equity faster and reduce total interest over time.
4. To Remove Mortgage Insurance
If you bought your home with less than 20% down, you may be paying PMI. Refinancing once you’ve built enough equity can eliminate that cost.
When Refinancing Might NotBe Worth It
Refinancing doesn’t make sense for everyone. Here are times to think twice:
- You plan to sell soon.If you’ll move within the next 1–3 years, you may not recoup the closing costs.
- Your current rate is already competitive.If you’re locked in near the lows of 3–4%, refinancing could increase costs instead of reducing them.
- You lack sufficient equity.Most lenders require at least 10–20% equity for the best rates.
Before moving forward, ask your lender to calculate your breakeven point—how long it takes for monthly savings to outweigh the upfront costs.
What to Expect With Las Vegas Rates in 2025
Mortgage experts predict modest rate improvements through 2025 as inflation cools and the Federal Reserve gradually adjusts policy. However, no one expects a return to ultra-low pandemic levels soon.
Even so, Vegas homeowners with high equity and solid credit are finding competitive refinance opportunities—especially through specialized programs like cash-out or debt consolidation loans.
Example: When Refinancing Works
Let’s say you owe $400,000on a home valued at $550,000, with a current rate of 7.5%.
If you refinance to 6.5%, you could save roughly $260 per month—over $3,000 per year.
If closing costs are $4,500, your breakeven pointis under two years. Stay longer than that, and every month afterward is pure savings.
Local Tip: Vegas Home Values Are Holding Strong
Las Vegas real estate has shown remarkable stability. Homeowners who bought five or more years ago likely have strong equity positions, making it easier to refinance or cash out responsibly.
Even high-rise condo owners who weathered market fluctuations are now seeing renewed lender confidence as building litigation resolves and appraisals strengthen.
Final Thoughts
Refinancing in Las Vegas can still be worth it—if it aligns with your financial goals.Whether you want to lower payments, consolidate debt, or tap equity for upgrades, today’s rates can still make a meaningful difference.
The key is knowing your numbers. A quick analysis from a local expert can show you exactly what you’d save and how fast you’d recoup costs.
If you’re ready to find out whether refinancing makes sense for you, connect withThe Derek Parent Team. We’ll compare options, run your savings scenarios, and help you make a confident, informed decision.
Rising Debt, Slowing Jobs: Why Now Might Be the Smartest Time to Buy
If you’ve been feeling the squeeze—higher prices at the store, more on the credit card, headlines about layoffs—you’re not imagining it. The latest Applied Analysis: Las Vegas Labor Market & Economic Outlook (October 2025)shows a clear picture: debt is rising, savings are thin, and job growth in Nevada has cooled off.
On the surface, that sounds like a reason to wait. But when you look deeper, this environment may actually be one of the smartest times to get out of high-interest debt and into an asset that can build wealth: a home.
Let’s break down why.
Slowing Job Growth, But a Stable Las Vegas
Nevada’s employment growth has slipped to about 0.3% year-over-year, ranking the state near the bottom nationally. At the same time, Southern Nevada’s unemployment rate sits above the U.S. average, signaling that the red-hot hiring boom we saw post-COVID has cooled.
That might feel scary, but in real estate terms it means something important:
- Less frenzied demand
- Fewer bidding wars
- More sellers willing to negotiate
In other words, when the job market cools, the housing market often shifts from “panic mode” to “negotiation mode.”That’s where smart buyers win.
Household Debt Is Up—Especially the Bad Kind
The national data in the report shows a clear trend: household debt continues to climb, and a growing share of that is credit card balances and short-term consumer debt.
We’re seeing:
- Rising credit card liabilitiescompared to prior decades
- Personal savings rates well belowthe 50-year average of 7.4%
- More families relying on debt to keep up with cost of living
Here’s the key problem: credit card and consumer debt compound against you.Every month you’re paying 18–25% interest, and at the end of the year you own nothing more than you started with.
A fixed mortgage, on the other hand, often comes with a much lower interest rate and is tied to a tangible asset that can appreciate over time.
Why Buying Now Can Be a Smart Debt Strategy
When people think “buy a house,” they usually think about lifestyle—more space, a yard, a garage. That matters. But in this environment, owning a home is also a strategic financial move:
- Trade Bad Debt for Better Debt
If you’re carrying high-interest balances, a purchase or future cash-out refinance can be part of a plan to consolidate debt into lower-rate, fixed housing payments. You’re not just shifting debt—you’re tying it to an asset that can grow. - Lock In Today’s Prices Before the Next Run-Up
The report still shows strong fundamentals in Las Vegas: billions in visitor spending, healthy gaming revenue, and long-term population growth. When rates eventually come down, demand is likely to spike again and prices can move fast. Buying now positions you aheadof that. - Use the Market Softness to Your Advantage
In a slower job and housing market, buyers are seeing things we almost never saw in 2021–2022:- Seller credits toward closing costs
- Rate buydownspaid by the seller
- Room to negotiate on price and repairs
- Refinance When the Rate Cycle Shifts
Rates move in cycles. If you buy now, you:- Lock in the price
- Start building equity
- Keep the option to refinance laterinto a lower payment when rates ease
You can’t go back in time and buy at yesterday’s prices. But you canbuy today and improve the cost of money later.
Supporting Graph: Debt & Savings Pressure
You (or your marketing team) can turn this snapshot into a simple line or bar graph for the blog:
Household Financial Snapshot – U.S. (Selected Trends)
(Source: Applied Analysis, Oct 2025 – Federal Reserve & BEA data)
| Indicator | Long-Term / Prior Level | Most Recent Level | What It Signals |
| Personal Savings Rate | 50-year avg: 7.4% | Well below avg | Households saving less, leaning on credit |
| Credit Card Liabilities | Much lower in 1990s–2000s | Near record highs | More high-interest consumer debt |
| Total Household Wealth | Concentrated, Top 10% dominate | Still very skewed | Many families feel “behind” financially |
| Nevada Job Growth (YoY) | Higher in past expansions | 0.3% | Cooling, but not collapsing |
Takeaway:People are saving less, carrying more expensive debt, and feel pressure—yet homeownership remains one of the most reliable ways to get on the rightside of that equation.
What This Means for Las Vegas Buyers
If you’re in Las Vegas and you’re feeling the weight of rising debt and an uncertain job market, you’re not alone. But this is also a moment where a well-structured mortgagecan help you:
- Swap unsecured, high-interest debtfor a more stable, potentially lower-rate housing payment
- Lock in a home in a market that still has long-term growth drivers(tourism, entertainment, sports, tech, and inbound migration)
- Use seller contributions and smart product selection to get in the door with less upfront cash than you might think
This isn’t about stretching yourself thin. It’s about using the tools that exist—strategy, structure, and timing—to move from surviving to building.
The Bottom Line
Rising debt and slowing jobs are real. But they don’t just create risk—they create opportunity for buyers who move with a plan instead of fear.
The Parent Team, we specialize in looking at the whole picture—your income, your debt, your goals—and building a mortgage strategy that helps you move out of high-interest debt and into long-term stability and wealth through real estate.
If you’re carrying balances, renting, and wondering how to get ahead, this may be the perfect time to sit down, run the numbers, and see what’s possible.
Book your free mortgage strategy call todayand let’s turn today’s uncertainty into tomorrow’s opportunity.
Is a Recession Coming—or a Buying Window? A Look at the 33% Recession Probability
With economists giving the U.S. a 33% chance of recession, Las Vegas buyers are asking: should I wait or move now? Here’s what the latest data says—and why opportunity may be hiding in plain sight.
Every few months, the headlines start sounding the same: “Recession fears rise.”“Markets brace for slowdown.”“Consumers tighten budgets.”
But here’s the truth: not every slowdown is a crash. Sometimes, it’s a reset—one that smart buyers can turn into their biggest advantage.
The Applied Analysis Labor Market Report (October 2025)puts the probability of a U.S. recession at 33% within the next 12 months. That sounds intimidating, but in context, it’s actually part of a healthy market correction after years of inflation, rate hikes, and overextended growth.
So let’s break down what that number means—and what it could mean for your next real estate move.
33% Recession Probability: What It Really Means
A one-in-three chance of recession doesn’t guarantee economic pain. It means forecasters are seeing signs of slowing—lower job growth, steady inflation, and cautious spending—but not collapse.
In fact, the same report shows:
- U.S. employmentis stable at around 159 million jobs.
- Corporate profitsremain near record highs at $3.6 trillion.
- Average wagesare holding at $1,249 per week.
- Inflationhas cooled to 3%.
That’s not recession territory. That’s a market catching its breath.
When growth slows, the Federal Reserve often steps in to ease rates. And for homebuyers, that’s where opportunity begins.
History Favors the Bold
If you look back over the past 50 years, some of the best times to buy real estate were when uncertainty was highest:
- After the early 1990s recession, home prices climbed 30% within five years.
- Buyers who purchased during the 2008–2009 downturnbuilt life-changing equity once recovery began.
- Even after the 2020 pandemic shock, values in Las Vegas surged more than 35% in two years.
Recessions are temporary. Homeownership and equity growth are long-term.
And while timing the economy is impossible, positioning yourself before the recovery always beats trying to chase it.
How a Slower Economy Impacts Mortgage Rates
Here’s the connection many people miss:
- When growth slows, inflation eases.
- When inflation eases, bond yields drop.
- When bond yields drop, mortgage rates usually follow.
That’s why slower job growth and cautious consumer spending can actually benefit future homeowners.
Today’s rates may feel high compared to 2021—but they’re already showing signs of softening as inflation cools and the Fed hints at possible cuts heading into 2026.
And once rates fall, buyer demand will come roaring back. That’s why waiting until “the coast is clear” could cost you more in both price and competition.
Why This Could Be a Buying Window
Let’s put this into practical perspective for Las Vegas buyers.
According to Applied Analysis, Nevada’s employment growth has slowed to 0.3% year-over-year, ranking 45th nationwide.
That means fewer bidding wars and more motivated sellers. Pair that with stable incomes and strong tourism spending—over $55 billion in 2025—and the fundamentals for long-term housing demand are still solid.
So what we’re really seeing is a rare moment of balance:
- Sellers are negotiating again.
- Buyers can use credits and rate buydowns.
- Prices are steady, not surging.
- Future rate drops could make today’s purchases even more valuable.
In other words: this isn’t a warning light—it’s a window.
Supporting Graph: Recession Probability Trend
(Source: Wall Street Journal Economic Forecasting Survey, Oct 2025)
| Year | Recession Probability (Next 12 Months) |
| 2023 | 61% |
| 2024 | 46% |
| 2025 | 33% |
Takeaway: As economic confidence stabilizes, the risk of recession falls—and so do borrowing costs.
How to Prepare (Not Panic)
If you’re a renter, investor, or move-up buyer, this is the time to build strategy—not fear.
Here’s what to focus on:
- Get Pre-Approved Early– Lock in your qualification before rates shift again.
- Negotiate Like It’s 2019– Ask for seller credits or rate buydowns to lower your payment.
- Think Two Steps Ahead– Buy now, refinance later when rates drop.
- Build Equity While Others Wait– Each month of ownership builds wealth, while waiting builds rent receipts.
The Bottom Line
A 33% chance of recession isn’t a red flag—it’s a yellow lighttelling us to slow down, evaluate, and make smart, informed moves.
Las Vegas remains resilient, and buyers who act strategically in these moments often end up years ahead.
The Parent Team, we’re helping clients turn uncertainty into opportunity—by structuring flexible loan options, seller-funded rate buydowns, and refinance strategies built for tomorrow’s lower-rate market.
You can’t control the headlines, but you cancontrol your timing, your strategy, and your future equity.
Book your free mortgage strategy call todayto see how this market could work for you.
Thinking About Selling? Here’s How to Stop Your Deal From Falling Apart After You Get an Offer
If you’re thinking about selling your home, you’ve probably spent a lot of time worrying about pricing, marketing, and timing.
But here’s the part most sellers never see coming:
Getting an offer is the easy part.
Getting all the way to closing is where deals fall apart.
Right now, roughly 15% of pending home sales are failing, and the #1 deal-killer isn’t usually the buyer’s loan.
It’s repairs and inspection surprises.
In other words: what happens afteryou accept the offer can make or break your sale.
The Silent Deal-Killer: Inspection & Repair Issues
Once your home is under contract, the buyer will usually order a home inspection. This is where hidden issues, deferred maintenance, and “I’ve been meaning to fix that” items all show up in writing.
When that inspection report lands, one of three things often happens:
- The buyer gets nervous and walks away
Big issues or long repair lists can scare buyers—especially in a cautious or shifting market. - They demand heavy credits or price cuts
Suddenly you’re giving back thousands at the closing table you thought you were keeping. - They try to renegotiate everything
You lose leverage, the timeline gets messy, and stress levels skyrocket.
The good news? You don’t have to be at the mercy of the inspection report.
You can get ahead of it.
The Smartest Move: Get a Pre-Listing Inspection
One of the most powerful tools you have as a seller is something most people never do:
A pre-listing inspection.
Instead of waiting for the buyer to hire an inspector and surprise you, you hire your own inspector beforeyour home goes on the market.
A pre-listing inspection helps you:
- Know exactly what buyers will find
No guessing. No surprises. You see the report first. - Handle repairs on your terms
You decide what to fix, when to fix it, and who does the work—withouta ticking clock. - Reduce renegotiations
When you’ve already addressed major issues or disclosed them upfront, buyers have less room to re-open negotiations. - Boost buyer confidence
A home that’s been inspected, repaired, and transparently presented feels safer and more trustworthy. - Dramatically lower the chances of a canceled contract
Fewer surprises = fewer freak-outs = fewer fallout deals.
In a market where buyers are cautious and picky, transparency is power.
Prepared homes make it to the closing table. Unprepared homes often don’t.
“But What If I Can’t Afford Repairs Right Now?”
This is one of the biggest fears sellers have:
“What if the house needs work, but I don’t have thousands of dollars to throw at repairs before I sell?”
If that’s you, you’re not alone—and you’re not stuck.
Many sellers today are using programs like RealVitalize(offered through select brokerages) or similar pay-at-closing improvement programs that allow you to:
- Do repairs, updates, or staging beforeyou list
- Pay nothing upfront
- Repay the costs at closing
That means you can potentially:
- Refresh paint and flooring
- Update lighting or fixtures
- Do necessary repairs flagged in a pre-listing inspection
- Improve curb appeal, kitchens, or baths…all without writing a big check before your home ever hits the market.
These updates don’t just help you sellyour home—they can help you:
- Attract more buyers
- Reduce lowball offers
- Improve your chances of getting top dollar
- Protect your deal once you’re under contract
In a world where buyers scroll through thousands of listing photos and expect homes to be “move-in ready,” this kind of program can be a game-changer.
Your Game Plan for a Smooth, Stress-Free Sale
If you’re even thinkingabout selling in the next 3–12 months, here’s a smart sequence to follow:
- Talk with a trusted real estate professional
Discuss your goals, timing, and rough pricing strategy. - Schedule a pre-listing inspection
Get clear on what’s really going on with your home behind the walls, under the roof, and in the systems. - Review the report together
Decide what must be fixed, what’s nice to fix, and what simply needs to be disclosed. - Explore pay-at-closing improvement options (like RealVitalize, if available)
See if you qualify to make impactful updates with no upfront payment. - Complete key repairs and cosmetic updates
Focus on items that will matter most to buyers and to an inspector. - List your home with confidence
You’re not guessing—you’ve already done the hard work upfront.
This approach keeps you in control—from the moment you list to the moment you sign at the closing table.
Thinking About Selling? Protect Your Deal Before It Starts.
If you’re planning to sell—or even just considering it—the best time to create a strategy is beforeyou put the sign in the yard.
A strong pre-listing plan can:
- Help you avoid last-minute drama
- Prevent needless price cuts
- Reduce buyer cancellations
- Put more money in your pocket at closing
If you’d like to talk through:
- Whether a pre-listing inspection makes sense for your situation
- Which repairs or upgrades will give you the most return
- How a program like RealVitalize (or similar) could help you do improvements with no upfront cost
…reach out and let’s set up a time to talk.
Ready to Sell With Confidence?
If you’re thinking about selling your home, don’t leave it to chance.
Get ahead of the inspection.
Protect your leverage.
Create a clear path from listing to closing.
Click here to schedule a no-pressure strategy sessionand learn how to prepare your home the right way—so you don’t just get an offer… You get to the finish line.