Las Vegas Housing Market Outlook: What Buyers Should Expect in 2026
With rapid population growth, major economic developments, and continued national attention, the Las Vegas housing market remains one of the most talked-about in the country. As 2026 approaches, buyers want to know: Will prices rise? Will rates fall? Will there be more inventory?
While no one can predict the future perfectly, current economic indicators, migration patterns, and housing trends give us a clear picture of what buyers should expect heading into the 2026 market.
Here’s your detailed, expert-backed outlook.
1. Home Prices Will Likely Continue to Rise — Slowly but Steadily
Las Vegas has seen strong appreciation over the last decade, driven by new residents, job growth, and limited inventory. While we’re not expecting the explosive price spikes seen during the 2021 boom, moderate appreciation is almost guaranteed.
What’s driving prices upward?
- Continued population growth (especially from California and the Pacific Northwest)
- Low turnover from homeowners locked into 3–4% mortgage rates
- Strong demand in markets like Henderson, Summerlin, and the Northwest
- Limited land availability for new construction in core areas
Expect 3–6% annual appreciation in most neighborhoods and higher in high-demand communities.
2. Inventory Will Improve — But Not Enough to Create a Buyer’s Market
Builders in Las Vegas are ramping up production, especially in Summerlin West, Skye Canyon, Inspirada, Cadence, and North Las Vegas. But new construction alone won’t solve the inventory shortage.
Why?
Because many existing homeowners won’t list their homes until mortgage rates drop significantly — which may not happen quickly.
What buyers can expect in 2026:
- Slightly more choices than the past few years
- Continued competition for well-priced properties
- Faster absorption of new listings
- High demand for move-in-ready homes
In short: 2026 won’t be a buyer’s market. But it may feel more balanced than recent years.
3. Mortgage Rates Could Decrease — But Not Dramatically
As inflation cools and economic policy stabilizes, analysts expect mortgage rates to gradually improve.
Most forecasts predict:
- Rates could settle in the mid-5% to low-6% range by late 2026
- No return to the historic 2–3% era
- Better affordability, but still above pandemic lows
A drop in rates—even a small one—will bring more buyers back into the market, pushing competition higher again.
Translation: Buy early if you can, then refinance when rates improve.
4. Migration Will Keep Driving Demand
Las Vegas continues to attract new residents for several reasons:
Key migration drivers:
- No state income tax
- Lower cost of living compared to coastal metros
- Expanding job opportunities
- 300+ days of sunshine
- Booming sports and entertainment scene
- Growing retiree population
Cities like Los Angeles, San Diego, San Francisco, Portland, and Seattle continue to feed a steady stream of new buyers into the Vegas market.
This migration is one of the strongest reasons home values are expected to remain stable — and rise — through 2026.
5. New Construction Will Offer Some of the Best Deals
With builders competing for buyers, expect incentives to remain strong through early 2026:
- Rate buydowns
- Closing cost credits
- Discounted upgrades
- Quick move-in price reductions
- Lot premiums waived in slower phases
However, once demand surges again—especially when rates improve—many of these incentives will shrink or disappear.
If you’re considering new construction, acting before the 2026 spring rush could save you thousands.
6. High-Rise and Condo Markets Will Continue Rebounding
Las Vegas high-rise condos are experiencing renewed demand thanks to:
- A surge in out-of-state buyers
- Expanding Strip entertainment options
- Strengthening rental demand
- Luxury buyers seeking lock-and-leave living
- Limited supply of new towers
As more buildings resolve litigation and financing options expand, 2026 could be one of the strongest years for high-rise sales in the last decade.
7. Investors Will Stay Active in 2026
Although short-term rental regulations remain tight, Las Vegas continues to attract:
- Long-term rental investors
- Mid-term rental investors (30–90 days)
- Cash buyers relocating from expensive states
- Equity-rich homeowners purchasing second homes
Strong rental demand and stable job growth ensure investors will continue seeing Vegas as a high-potential market.
Final Thoughts
The Las Vegas housing market in 2026 will be defined by stability, moderate appreciation, and renewed buyer activity as rates gradually improve. For buyers, the biggest advantage comes from preparing early, getting pre-approved, and understanding the market before competition heats up again.
If you want to explore your options, compare payments, or analyze neighborhoods, connect with The Derek Parent Team. We’ll help you position yourself for success—whether you’re buying now, in early 2026, or refining your strategy ahead of time.
5 Equity Moves Every Homeowner Should Make Before the New Year
As the year comes to a close, many homeowners start thinking about goals, finances, and what they want the next year to look like. But there’s one area that often gets overlooked—your home equity.
Your home is likely one of your biggest assets, and the equity inside it can become a powerful tool if you know how to use it. Before the new year arrives, here are five smart equity moves every homeowner should consider.
1. Check Your Current Equity Position
Most homeowners don’t know how much equity they’ve built over the years. Between appreciation and your mortgage payments, you may have more than you think.
To calculate quickly:
Home Value – Mortgage Balance = Your Equity
Why it matters:
- You may have enough equity to eliminate PMI.
- You may qualify for better refinance terms.
- You may unlock equity for renovations or investments.
A quick review with a trusted lender like The Derek Parent Team can give you an accurate, updated number.
2. Review Your Mortgage Rate and Terms
Even if you’re not in a rush to refinance, it’s worth evaluating whether your current mortgage still fits your financial goals.
Consider reviewing:
- Your current interest rate vs. today’s options
- Whether refinancing to a shorter term could save interest
- If you have PMI you could remove
- Whether switching from an ARM to fixed could protect you long-term
Many homeowners discover they can improve their monthly payment or long-term savings just by reviewing the numbers.
3. Use Equity Strategically for High-ROI Upgrades
Not all home improvements are equal. Some upgrades add value, while others don’t.
High-ROI improvements include:
- Kitchen updates
- Bathroom upgrades
- New flooring or paint
- Exterior curb appeal
- Energy-efficient enhancements (HVAC, windows, insulation)
If you’re sitting on solid equity, using a cash-out refinance or HELOC for strategic improvements can increase your home’s value heading into the new year.
4. Consolidate High-Interest Debt Into Lower-Rate Equity
Credit card interest rates are now averaging 20–30%. If you're carrying balances, the interest alone may be draining your cash flow.
A cash-out refinance can:
- Replace high-interest revolving debt with a lower-interest fixed mortgage
- Lower your total monthly payments
- Improve your credit score by reducing utilization
- Free up cash flow as you enter the new year
This move alone can save homeowners thousands annually.
5. Plan Ahead for Major Purchases or Life Changes
Equity can serve as a financial cushion during major life events, including:
- College tuition
- Medical expenses
- Home renovations
- Investment opportunities
- Expanding or downsizing your home
- Funding a second property or rental investment
Reviewing your equity before the new year helps you prepare for these moments with clarity and confidence.
Bonus Tip: Set Your 2025 Equity Strategy Now
Don’t wait until January to decide your financial goals. Use this time to:
- Update your budget
- Plan your mortgage strategy
- Explore refinance or HELOC options
- Map out home improvements and timelines
- Strengthen your equity position for future wealth-building
Your home equity is a major part of your net worth—make sure it’s working for you, not sitting idle.
Final Thoughts
A strong equity plan can help you reduce debt, increase home value, improve cash flow, and prepare for life’s big opportunities. Instead of waiting until the new year, reviewing everything now gives you a head start on 2025.
If you want a personalized home equity review or want to explore refinance, HELOC, or cash-out options, connect with The Parent Team. We’ll help you understand your numbers, compare scenarios, and make smart equity moves for the year ahead.
Mortgage Myths That Could Be Costing You Thousands
When it comes to home loans, misinformation is everywhere. Friends, family, and even outdated articles online can spread half-truths that confuse buyers. Unfortunately, believing these myths could cost you serious money—or even prevent you from buying a home.
Let’s clear the air by debunking some of the most common mortgage myths that might be holding you back.
Myth #1: You Need 20% Down to Buy a Home
This is one of the biggest misconceptions in real estate. While putting 20% down avoids private mortgage insurance (PMI), it’s not required.
- FHA loans allow as little as 3.5% down.
- Conventional loans can go as low as 3% down for qualified buyers.
- VA loans (for veterans) and USDA loans (in rural areas) can require 0% down.
Truth: You don’t need to wait years to save 20%. Waiting could cost you more in rising home prices.
Myth #2: The Lowest Interest Rate Is Always the Best Deal
A rock-bottom rate looks appealing, but if it comes with high fees or points, you may not save money in the long run.
Truth: Always compare the Annual Percentage Rate (APR), not just the interest rate. APR includes fees and gives a clearer picture of total cost.
Myth #3: You Can’t Buy a Home With Student Loans
Many buyers assume student loans automatically disqualify them. That’s not true. Lenders evaluate debt-to-income ratio (DTI), not just the existence of debt.
Truth: With the right strategy, you can qualify even with student loans—especially if you’ve been making consistent payments.
Myth #4: Pre-Qualification Is the Same as Pre-Approval
These terms get used interchangeably, but they’re not the same.
- Pre-Qualification: A quick estimate based on unverified info.
- Pre-Approval: A verified review of your income, credit, and documents that gives you stronger buying power.
Truth: In a competitive market like Las Vegas, pre-approval is what sellers want to see.
Myth #5: Refinancing Isn’t Worth It Unless Rates Drop 2%
This old “rule of thumb” is outdated. Even a 0.5% drop can make refinancing worth it if you plan to stay in your home for several years.
Truth: What matters most is your breakeven point—how long it takes for savings to outweigh costs.
Myth #6: You Can’t Refinance With Bad Credit
While a higher credit score improves your options, some loan programs allow refinancing even with lower scores. Plus, if you’ve built up equity, that can offset credit challenges.
Truth: Don’t assume you’re stuck—talk to an expert before ruling it out.
Why These Myths Cost You Money
Believing myths can keep you from buying sooner, refinancing at the right time, or exploring better loan options. Over the life of a mortgage, these decisions can add up to tens of thousands of dollars.
Final Thoughts
The mortgage process doesn’t have to be intimidating, and you don’t have to navigate it alone. By separating fact from fiction, you can make smarter decisions, save money, and move forward with confidence.
If you’re ready to cut through the noise and learn what’s really possible, connect with The Derek Parent Team. We’ll help you understand your options and avoid costly mistakes.
Should You Wait for Lower Rates or Buy a Home Now
If you’ve been thinking about buying a home, you’ve probably asked yourself the big question: “Should I wait for lower interest rates, or should I buy now?”
It’s a tough decision, and with so much talk about rate cuts, inflation, and housing supply, it can feel overwhelming. The truth is, there’s no one-size-fits-all answer, because the right move depends on your financial goals, your timeline, and the local market.
Let’s break down the pros and cons so you can make the smartest decision for your situation.
Why Some Buyers Are Waiting
It’s no secret that interest rates are higher today than they were just a few years ago. Buyers who wait often hope that:
- Rates Will Drop Soon: If rates fall by even 1%, monthly payments can become significantly more affordable.
- Lower Payments Mean More Buying Power: A lower rate lets you qualify for a higher loan amount.
- Less Risk of Overpaying: If rates drop and home prices stabilize, some buyers feel they’ll avoid buying at the “peak.”
Waiting can pay off if rates fall quickly, but the risk is that no one can predict the market with certainty.
Why Buying Now Could Be Smarter
On the flip side, many experts argue that buying now can still be the better long-term move, because:
- You Can Always Refinance Later: As the saying goes, “Marry the house, date the rate.” If rates drop, you can refinance into a lower rate.
- Home Prices Are Rising: While rates have slowed the market, Las Vegas home values continue to trend upward. Waiting could mean paying more for the same property later.
- Build Equity Sooner: Buying now means you start building wealth through equity right away, instead of sitting on the sidelines.
- Less Competition (For Now): With some buyers waiting, the current market may give you more negotiating power than in a frenzy of lower rates.
The Las Vegas Market Factor
In Las Vegas, the decision feels even more important because of how competitive the market can get.
- Inventory is Tight: There aren’t enough homes for the demand, and when rates drop, more buyers will jump back in.
- Builders Are Offering Incentives: In places like Henderson and Summerlin, builders are helping with closing costs or even rate buy-downs.
- High-Rises and Investment Properties Are Attractive: Investors are waiting too, so buying before the rush could give you a better deal.
So while waiting for rates to drop sounds appealing, local conditions suggest buying sooner could position you ahead of the competition.
A Simple Example
Imagine you buy a $400,000 home today at a 6.5% interest rate. Your monthly payment might feel higher than you’d like, but you’ve locked in the price.
Now imagine waiting a year. Rates drop to 5.5%, but demand skyrockets and that same home costs $440,000. Even with the lower rate, your payment could be similar—or higher—because prices increased.
This is why timing the market is tricky.
Questions to Ask Yourself
Before you decide whether to wait or buy, ask:
- How long do I plan to live in the home? If it’s long-term, short-term rate fluctuations matter less.
- Am I financially prepared? Do you have savings for a down payment, closing costs, and emergency funds?
- What’s more important right now—stability or savings? If stability is the goal, buying sooner may be better.
- Can I afford the payment today? Never stretch beyond your comfort zone just for the sake of timing.
Final Thoughts
There’s no perfect time to buy a home—but there’s a right time for you.
If you wait for lower rates, you could end up competing with more buyers and paying higher prices. If you buy now, you can secure a home, start building equity, and refinance later if rates drop.
At the end of the day, the best decision comes down to your personal goals, not just headlines.
If you’re ready to explore your options, connect with The Derek Parent Team. We’ll review your situation, run the numbers, and help you decide whether it makes more sense to buy now or wait.
Will Mortgage Rates Drop in 2025? What Experts Predict
With economic uncertainty and inflation concerns dominating headlines, many prospective homebuyers—and even current owners—are asking: “Will mortgage rates drop in 2025?” It’s a smart question, and while nobody can predict the future with complete accuracy, expert forecasts can offer useful direction.
Here’s a clear, accessible look at what leading authorities expect — and how you can prepare, whether rates fall or stay steady.
What Are the Experts Forecasting for Mortgage Rates?
Fannie Mae
Fannie Mae adjusted its outlook recently. It now expects the average 30‑year fixed mortgage rate to finish 2025 at about 6.5%, a slight upward revision from the previous 6.4%, before easing to 6.1% in 2026. MPA Magazine+1
Mortgage Bankers Association & Other Trade Groups
Industry groups like the MBA and others anticipate rates holding mostly steady through the year. For instance, MBA projects rates will average around 6.8% in Q3 2025 and end the year near 6.7%. Forbes
Broader Trend from Multiple Forecasters
Analysts including Fannie Mae, Freddie Mac, the National Association of Realtors, and others forecast that mortgage rates will linger in the mid‑6% range through 2025—declining incrementally but not dramatically. MarketWatch+5Investopedia+5Norada Real Estate+5
Recent Market Data
As of August 2025, the average 30‑year mortgage rate sits at 6.58%, its lowest in nearly ten months. Even so, experts stress that affordability remains a challenge and any rate improvement is expected to be modest. Investopedia+3AP News+3Reuters+3
Why Rates Likely Won’t Fall Sharply — Yet
Fed Rate Cuts ≠ Instant Mortgage Relief
Even if the Federal Reserve lowers benchmark interest rates (which many expect in September), mortgage rates don’t automatically follow. Trends in Treasury yields and bond markets, which mortgage pricing depends on, may not shift quickly enough to trigger dramatic declines. midflorida.com+15Investopedia+15Coosa Valley Credit Union+15
Inflation & the Fed’s Balancing Act
The Fed faces a tightrope: it needs to weigh inflation, jobs, and growth. While markets are hoping for a move in September, sticky inflation may delay or temper rate reductions. PoliticoKiplinger
Bond Market Volatility
Ultimately, mortgage rates track bond yields. Investor reactions to inflation, tariffs, or geopolitical instability can swing those yields—and thus mortgage rates—without direct policy changes. CBS NewsThe Mortgage Reports
What Buyers Can Take Away from These Forecasts
1. Expect Modest Declines Only
If rates do fall, we’re likely looking at a gradual easing into maybe the low‑6% range, rather than a return to the 3–4% era. MarketWatchNorada Real Estate
2. Opportunity to Refinance Later
If you’re buying now, you can always refinance if rates dip meaningfully down the road. In other words: buy the house today, date the rate. Investopedia+2MarketWatch+2
3. Don’t Let Timing Rule You
If you find a home you love and you’re financially prepped, waiting solely for rates may cost you more later—especially if prices keep rising. Investopedia
Final Thoughts
Here's what we can say with some confidence:
| Scenario | Likely Outcome |
| Rates will drop swiftly | Unlikely—experts see only modest movement. |
| Rates will stay in mid-6% range | Most probable—some forecasts expect 6.4–6.5% by year-end. |
| A sharp drop into low-6s or 5s | Possible down the road if inflation cools, but not expected soon. |
If you're ready to explore your options or need help projecting how mortgage rates may affect your buying power, the Derek Parent Team is here for you. We specialize in guiding Las Vegas buyers through uncertain markets, helping you lock in smart financing today with the flexibility to refinance later if needed.
Let’s chat about your situation and run the numbers—because the best decision is always the informed one.
Relocating to Las Vegas: Complete Guide for New Homebuyers
Las Vegas is famous for its nightlife, entertainment, and energy, but it’s also one of the fastest-growing cities in the country for new residents. Every year, thousands of people relocate here for job opportunities, affordable living, and sunshine nearly 300 days a year.
If you’re considering a move to Las Vegas, you’re not alone—and having the right plan will make the transition smoother. In this guide, we’ll cover everything you need to know about relocating to Las Vegas as a new homebuyer.
Why Move to Las Vegas?
People relocate to Las Vegas for many reasons, and it’s not just about the Strip. Here’s why the city has become such a hot spot:
- No State Income Tax: Nevada is one of the most tax-friendly states in the U.S.
- Affordable Housing (Compared to Other Major Cities): While prices have risen, homes in Las Vegas are still more affordable than in Los Angeles, San Francisco, or Phoenix.
- Diverse Job Market: Beyond hospitality, industries like healthcare, tech, and logistics are growing.
- Year-Round Sunshine: With warm weather and outdoor activities, the quality of life is high.
- Variety of Communities: From suburban family-friendly neighborhoods to luxury high-rises on the Strip, there’s something for everyone.
Step 1: Decide Where to Live
Las Vegas isn’t one-size-fits-all. Choosing the right neighborhood will depend on your lifestyle, commute, and budget.
Popular Areas for New Homebuyers
- Summerlin: Master-planned luxury, great schools, and access to Red Rock Canyon.
- Henderson: Family-friendly with parks, schools, and Lake Mead nearby.
- North Las Vegas: Affordable homes and lots of new development.
- Downtown & Arts District: Perfect for professionals and those who love an urban vibe.
- High-Rises on the Strip: Great for investors or buyers seeking resort-style living.
Because each area has its own personality, it’s worth exploring different neighborhoods before deciding where to buy.
Step 2: Understand the Las Vegas Housing Market
The Las Vegas market can move quickly, so being prepared is essential.
- Median Home Prices: They are generally lower than coastal cities, but prices have been rising steadily.
- New Construction: Builders are offering incentives like closing cost credits, especially in Henderson and North Las Vegas.
- High-Rise Condos: These remain popular among investors and second-home buyers.
So whether you’re looking for a starter home, new build, or luxury property, there are options for every budget.
Step 3: Get Pre-Approved Before You Shop
If you’re relocating, one of the smartest moves you can make is getting pre-approved for a mortgage before you start house hunting.
- Why It Matters: Pre-approval shows sellers you’re serious, and it helps you understand your budget.
- Local Expertise: Working with a Las Vegas-based lender like The Derek Parent Team ensures you have someone who understands local market conditions.
- Loan Options: First-time buyers, veterans, and even investors can qualify for loan programs with low down payments or special benefits.
Because the market is competitive, pre-approval can give you an edge when making an offer.
Step 4: Plan for Moving Logistics
Relocating isn’t just about finding the right house—it’s also about making the move smooth.
- Hiring Movers: Decide whether you want a full-service mover or a DIY truck rental.
- Timing Your Move: Avoid peak summer heat if possible; spring and fall are easier months to relocate.
- Utilities and Services: Set up water, power, internet, and trash collection ahead of time so your home is ready when you arrive.
- Driver’s License & Registration: Nevada requires new residents to update their license and car registration within 30 days.
Step 5: Adjusting to Life in Las Vegas
Las Vegas offers more than just nightlife. Here’s what new residents quickly learn:
- Entertainment & Dining: From world-class shows to local food scenes, you’ll never run out of options.
- Outdoor Adventures: Red Rock Canyon, Lake Mead, and Mount Charleston are all within driving distance.
- Community Life: Many neighborhoods host farmers markets, festivals, and fitness events, making it easy to meet people.
- Weather: Summers are hot, but the dry climate and mild winters balance it out.
Because Las Vegas blends city living with outdoor beauty, it’s a place where you can shape the lifestyle you want.
Tips for New Homebuyers Relocating to Las Vegas
- Visit Before You Buy: If possible, spend time exploring neighborhoods to see where you feel most comfortable.
- Work With Local Experts: Realtors and lenders who know the market can save you time and money.
- Think About the Commute: Traffic is lighter than in many cities, but location still matters if you work near the Strip or Downtown.
- Budget for HOAs: Many communities in Las Vegas have homeowners’ associations, so factor those fees into your monthly costs.
- Stay Flexible: The perfect home may not check every box, but focus on your top priorities.
Final Thoughts
Relocating to Las Vegas is exciting because the city offers a mix of affordability, opportunity, and lifestyle you won’t find anywhere else. From Henderson’s family-friendly communities to Summerlin’s master-planned luxury, there’s a neighborhood that will feel like home.
The key is preparation: understanding the market, securing financing, and working with local experts who can guide you every step of the way.
If you’re ready to make Las Vegas your new home, reach out to The Derek Parent Team. With decades of experience in the local mortgage industry, we’ll help you secure the right loan and make your relocation as smooth as possible.
Reverse Mortgages Explained: A Retirement Strategy for Homeowners 62+
For many homeowners, their house is their biggest asset. But when retirement comes around, savings may not stretch as far as expected, and fixed incomes can feel tight. That’s why more and more seniors are exploring reverse mortgages as a retirement strategy.
If you’re 62 or older, a reverse mortgage can allow you to tap into your home equity without selling your home or making monthly mortgage payments. Here’s how it works—and why it could be the financial solution you’ve been looking for.
What Is a Reverse Mortgage?
A reverse mortgage is a special type of loan available to homeowners 62 and older. Instead of you making payments to the lender, the lender pays you.
You can receive funds as:
- A lump sum
- Monthly payments
- A line of credit you draw from when needed
The most common reverse mortgage is the Home Equity Conversion Mortgage (HECM), which is federally insured.
How It Works
With a reverse mortgage:
- You must continue to live in the home as your primary residence.
- You’re still responsible for property taxes, insurance, and maintenance.
- The loan balance grows over time, and is repaid when you sell, move out, or pass away.
Because no monthly mortgage payments are required, it frees up cash flow during retirement.
Benefits of a Reverse Mortgage
- Supplement Retirement Income
Use your home equity to cover living expenses, medical costs, or even travel. - Stay in Your Home
You don’t need to sell or downsize to access your equity—you can stay right where you are. - Flexibility
Choose how you receive the funds—lump sum, line of credit, or monthly income. - Non-Recourse Protection
You or your heirs will never owe more than the home’s value, even if the loan balance grows larger. - No Monthly Mortgage Payments
This can dramatically reduce financial stress in retirement.
Things to Consider
A reverse mortgage isn’t the right fit for everyone. Here are a few important considerations:
- Home Equity Requirements: The more equity you have, the more you can access.
- Costs & Fees: Like any loan, reverse mortgages have upfront costs.
- Impact on Inheritance: Since the loan is repaid when the home is sold, heirs may receive less.
- Staying in the Home: If you plan to move soon, a reverse mortgage may not make sense.
Who Can Benefit Most?
Reverse mortgages work best for:
- Seniors on fixed incomes who want extra financial flexibility
- Homeowners who plan to stay in their home long-term
- Retirees who want to eliminate existing mortgage payments
- Families who want to preserve other retirement assets by leveraging home equity first
Reverse Mortgage in Las Vegas
In Las Vegas, where home values have appreciated significantly, many retirees have built up substantial equity. Instead of selling, a reverse mortgage lets you enjoy the lifestyle you’ve worked hard for—whether that means helping family, traveling, or simply covering monthly expenses comfortably.
Final Thoughts
A reverse mortgage can be a powerful retirement strategy for homeowners 62 and older. It allows you to convert home equity into usable income while staying in your home and eliminating monthly mortgage payments.
Like any financial decision, it’s important to weigh the pros and cons and talk with a trusted advisor.
If you’d like to explore whether a reverse mortgage is right for you, connect with The Derek Parent Team. We’ll walk you through your options and help you decide if this strategy fits your retirement goals.
Is Now the Best Time to Buy a High-Rise in Las Vegas?
Las Vegas is known for its luxury condos, Strip views, and vibrant real estate market—and high-rise living remains one of the most attractive lifestyle and investment choices in the city.
But with interest rates fluctuating, home prices adjusting, and inventory levels shifting, many buyers are asking: “Is now really the best time to buy a high-rise in Las Vegas?”
The answer depends on your goals, but let’s break it down.
Why High-Rises Are So Appealing in Las Vegas
High-rise living isn’t just about having floor-to-ceiling views of the Strip—it’s about lifestyle and long-term value. Buyers and investors are drawn to high-rises because:
- Location: You’re close to world-class dining, entertainment, and business centers.
- Amenities: Pools, gyms, valet, concierge, and 24-hour security make it turnkey living.
- Investment Potential: High-rises attract tourists, executives, and second-home buyers.
- Prestige: Towers like Waldorf Astoria, Veer, and Panorama offer exclusivity you won’t find in traditional neighborhoods.
So whether you’re buying for yourself or as an investment, the appeal is undeniable.
Current Market Conditions
The high-rise market in Las Vegas has its own rhythm compared to traditional single-family homes. Here’s what’s happening now:
- Moderating Prices: Prices have leveled after years of strong appreciation, which can mean opportunity for buyers.
- Stable Demand: Professionals, retirees, and investors still see value in condo living, especially in prime locations.
- Interest Rates: While mortgage rates remain higher than the lows of a few years ago, many experts predict modest declines in 2025 and beyond. That means buying now could let you refinance later.
- Inventory: There are more choices today than during peak demand cycles, giving buyers leverage to negotiate.
The Case for Buying Now
There are several reasons why buying a high-rise today could be a smart move:
- Lock in Today’s Price
If rates drop next year, buyer demand will spike again. More buyers = more competition = higher prices. Acting now can help you secure a unit before that rush. - Refinance Potential
You can always refinance if rates go down, but you can’t go back in time and buy the same condo at a lower price once appreciation kicks in. - Lifestyle Benefits Immediately
Beyond numbers, buying now means you get to enjoy the lifestyle right away—Strip views, concierge service, and lock-and-leave convenience. - Negotiation Leverage
With more inventory, sellers may be more open to concessions like closing cost credits or furniture packages.
The Case for Waiting
To be fair, there are reasons some buyers choose to wait:
- Rates Could Improve: A 0.5–1% drop in interest rates could save you hundreds per month.
- Economic Uncertainty: If the broader economy slows, prices could soften further in some towers.
- HOA Considerations: Some buyers like to take extra time to research HOA reserves, rules, and fees before jumping in.
So if your timeline is flexible and you’re not in a rush, waiting to see how the market unfolds may be worth considering.
What Buyers Should Really Focus On
Instead of just asking “when,” the better question might be: “What am I buying for?”
- If it’s a lifestyle purchase: The sooner you buy, the sooner you enjoy it.
- If it’s an investment: Look at rental demand, HOA fees, and long-term appreciation potential more than short-term rate swings.
- If it’s about timing the market: Remember that perfect timing rarely exists. Most successful buyers focus on the long-term, not chasing the exact bottom.
Expert Tip: Financing High-Rises is Different
Not all lenders are comfortable with condo financing—especially in high-rise towers with stricter guidelines. That’s where experience matters.
At The Derek Parent Team, we’ve specialized in high-rise financing for decades. We were the in-house lender at Veer Towers, and we’ve helped buyers close loans in nearly every luxury tower in Las Vegas. We know which properties qualify for conventional loans, which require jumbo financing, and how to navigate complex HOA requirements.
Final Thoughts
So, is now the best time to buy a high-rise in Las Vegas?
- Yes, if: You want to secure today’s prices, enjoy the lifestyle now, and take advantage of future refinancing opportunities.
- Maybe wait, if: You’re strictly focused on rates and are comfortable delaying your purchase for potential savings.
The truth is, high-rise living in Las Vegas has long-term appeal no matter what rates do in the short term. The key is aligning your purchase with your personal goals, lifestyle, and budget.
If you’re considering a high-rise purchase, let’s talk. The Derek Parent Team can walk you through financing options, tower comparisons, and strategies to make your investment as strong as possible.
First-Time Homebuyer Guide: Buying a Home in Las Vegas
Buying your first home is one of the biggest milestones of your life, and in a city like Las Vegas—where the real estate market moves quickly, neighborhoods each offer a unique lifestyle, and financing options can feel overwhelming—it’s important to have the right guidance.
This guide will walk you through everything you need to know as a first-time homebuyer in Las Vegas. From preparing your finances to choosing the right neighborhood, you’ll see the steps that make your purchase smoother and more successful.
Why Las Vegas is a Great Place for First-Time Buyers
Las Vegas isn’t just the “Entertainment Capital of the World.” Over the last decade, it has grown into a thriving city with family-friendly communities, expanding job opportunities, and a strong real estate market. Here’s why first-time buyers are drawn to Vegas:
- Affordability Compared to Other Major Cities: Prices have risen, but Las Vegas is still more affordable than many coastal markets like Los Angeles or San Francisco.
- No State Income Tax: Nevada has one of the most tax-friendly environments, so homeowners keep more of their income.
- Variety of Communities: You can choose a modern condo on the Strip, a new build in Summerlin, or a quiet neighborhood in Henderson—because the city has something for everyone.
- Strong Job Market: With tourism, technology, and logistics industries growing, the local economy provides stability for homeownership.
Step 1: Prepare Your Finances
Before you start shopping for homes, it’s important to take an honest look at your finances, because being prepared will make the process less stressful.
Check Your Credit Score
Your credit score plays a big role in determining what kind of mortgage you qualify for and the interest rate you’ll receive. Aim for a score of 620 or higher, but some loan programs can work with lower scores.
Save for a Down Payment
Traditionally, buyers put down 20%, but in today’s market, first-time homebuyers have more flexible options:
- FHA loans can require as little as 3.5% down.
- VA loans (for veterans and military families) often require no down payment.
- Conventional loans may allow for 3–5% down.
Get Pre-Approved for a Mortgage
Pre-approval not only shows sellers you’re serious, but it also gives you a clear picture of your budget. A local lender like The Derek Parent Team can walk you through the process and help you choose the right loan for your situation.
Step 2: Understand the Las Vegas Market
The Las Vegas housing market can be competitive, and prices vary depending on location, amenities, and demand.
- Entry-Level Homes: Many first-time buyers start with townhomes or smaller single-family houses.
- New Construction: Builders in Summerlin, North Las Vegas, and Henderson often offer incentives like closing cost assistance, so these can be a great option.
- High-Rise Condos: If you love city living, high-rises near the Strip offer luxury amenities but often come with HOA fees.
Because the market changes quickly, it’s smart to work with a professional who can help you set realistic expectations. You might face multiple-offer situations, so being prepared will give you an advantage.
Step 3: Choose the Right Neighborhood
Las Vegas is made up of diverse communities, and each has its own lifestyle. Here are a few popular areas for first-time buyers:
- Summerlin: Known for its master-planned communities, great schools, and parks. It’s perfect for families and professionals.
- Henderson: Offers a suburban feel with access to Lake Mead, shopping, and family-friendly neighborhoods.
- North Las Vegas: More affordable options with newer builds and expanding amenities, so it’s ideal if you’re looking for value.
- Southwest Las Vegas: Up-and-coming with plenty of new construction and easy access to the Strip.
Think about your lifestyle and priorities. Do you want to be close to work, or do you prefer quiet streets? Do you need great schools, or are amenities more important? Your answers will help narrow your search.
Step 4: Work with the Right Real Estate and Mortgage Professionals
Buying your first home can feel overwhelming, but you don’t have to do it alone. Having a trusted team by your side makes all the difference.
- Realtor: Helps you find properties, negotiate offers, and guide you through closing.
- Mortgage Lender: Assists with financing options, pre-approvals, and making sure your loan closes smoothly.
- Home Inspector: Ensures your home is in good condition before you buy.
At The Derek Parent Team, we specialize in helping first-time buyers navigate financing options in the Las Vegas market. Because we’ve been in the industry for decades, we know how to make the process simple and stress-free.
Step 5: Make an Offer
Once you’ve found the right home, it’s time to make an offer—and strategy is everything.
- Be Competitive: In a hot market, lowball offers often get rejected.
- Include a Strong Pre-Approval Letter: This reassures the seller you’re financially ready.
- Consider Seller Incentives: Builders and sellers sometimes offer credits toward closing costs, so ask your agent to negotiate these for you.
Step 6: Closing the Deal
The closing process typically takes 30–45 days. During this time, you’ll:
- Finalize your mortgage paperwork
- Complete inspections and appraisals
- Sign your closing documents
It can feel like a lot, but once you’re done, you’ll officially get the keys to your new home.
Tips for First-Time Homebuyers in Las Vegas
- Don’t Skip the Inspection: Even if the home looks perfect, inspections can reveal costly issues.
- Know Your Budget Beyond the Mortgage: Property taxes, HOA fees, and utilities all add up, so plan ahead.
- Think Long-Term: Buy a home you can grow into, not just one that works for right now.
- Stay Flexible: The right home might not check every single box, but it should meet your most important needs.
- Leverage First-Time Buyer Programs: Nevada offers down payment assistance and other incentives, so take advantage if you qualify.
Final Thoughts
Buying your first home in Las Vegas is an exciting step, and with the right preparation, it doesn’t have to feel overwhelming. The city has a strong economy, a wide range of neighborhoods, and flexible financing options—so there’s truly something for every type of buyer.
The key is preparation: understanding your finances, working with trusted professionals, and knowing what to expect in the market.
If you’re ready to take the next step, connect with The Derek Parent Team. We’ll guide you through the process, answer your questions, and help you secure the right loan for your first home in Las Vegas.
7 Smart Steps to Prepare for Homeownership in Today’s Market
Ready to buy a home? DerekParentTeam.com shares 7 essential steps to prepare for homeownership, improve your credit, and secure the best mortgage rates in today’s competitive market.
Buying a home is one of the most exciting—and financially significant—decisions you’ll ever make. Whether you're a first-time buyer or re-entering the market, preparation is key to success.
At DerekParentTeam.com, we guide individuals and families through every step of the home loan process—from improving your credit score to locking in the best rate possible. In this post, we're breaking down 7 smart steps to prepare for homeownership in today’s real estate market.
Let’s make your dream home a reality.
1. Check & Improve Your Credit Score
Your credit score directly impacts your mortgage eligibility and interest rates. Review your credit report early and look for:
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Errors or outdated accounts
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High credit card balances
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Missed payments
Pro Tip: Aim for a score of 680+ to access better loan terms, though FHA loans may be available with lower scores.
2. Calculate Your Budget Before You Shop
Before house hunting, know what you can actually afford. This includes:
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Monthly mortgage payments
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Property taxes
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Homeowners insurance
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HOA fees (if applicable)
Use our Mortgage Calculator to get started.
3. Get Pre-Approved, Not Just Pre-Qualified
Pre-approval shows sellers you're a serious buyer and gives you a clearer picture of your loan amount. At Derek Parent Team, we offer fast, personalized pre-approvals so you can shop with confidence.
4. Avoid Major Financial Changes
Once you’re planning to buy, try not to:
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Open new credit lines
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Make large purchases (like a car)
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Switch jobs
Lenders want to see financial stability before approving your mortgage.
5. Start Saving for the Down Payment & Closing Costs
While some loans allow as little as 3% down, a larger down payment can lower your monthly payments and eliminate PMI (Private Mortgage Insurance).
Don't forget to save for:
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Closing costs (2–5% of home price)
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Home inspections
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Moving expenses
6. Understand Your Loan Options
There’s no one-size-fits-all loan. Common types include:
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Conventional Loans
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FHA Loans
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VA Loans (for veterans)
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Jumbo Loans
We’ll help you compare options to find the best fit for your budget and goals.
7. Partner With a Trusted Mortgage Team
Your mortgage lender is your financial partner through this journey. With over 20 years of experience, Derek Parent and his team offer:
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Personalized mortgage strategies
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Competitive rates
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A smooth, transparent process from application to closing
Get Started Today with a free consultation!
Final Thoughts:
The housing market may change, but preparation will always give you the edge. By taking these 7 steps, you’ll be in a stronger position to buy a home you love—with a mortgage you can afford.
When you're ready, The Derek Parent Team is here to help you navigate your home loan with clarity and confidence.