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Ken Couture | Couture Realty Blog

Friday, January 22, 2021   /   by Ken Couture

UNLV School of Medicine Sees Funding Restored for New Building

The UNLV School of Medicine’s new medical education building will continue to rise following the restoration of state funding that was cut over the summer.
Gov. Steve Sisolak announced Tuesday during his State of the State address that a $25 million cut made in the summer as part of COVID-19-related budget cuts would be reinstated.
The 135,000-square-foot facility — the medical school’s first permanent facility — on Shadow Lane in central Las Vegas is slated for completion in summer 2022, at an estimated cost of $125 million.
In a Tuesday statement, the Nevada Health & Bioscience Corp., which is overseeing the project, expressed gratitude.
“We recognize the significance of the governor’s decision during these unprecedented times and are grateful for his leadership,” President and CEO Maureen Schafer said. “The combined efforts of private and public funding will ultimately help address our wider community&rsqu ...

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Friday, January 22, 2021   /   by Ken Couture

Las Vegans Can Now Get Alcohol Delivered from Third-party Vendors

Las Vegas will now allow alcohol delivery to virtually anywhere in the city, and by third-party companies too, in an acknowledgment of how deeply pandemic-era restrictions have cut into business.
City lawmakers on Wednesday passed a bill they say gives a lifeline to hurting businesses by drastically expanding alcohol delivery services. Whereas before, only grocery stores could deliver adult beverages in conjunction with a grocery order, now any business with required licensing can make deliveries throughout Las Vegas except to a gaming establishment, officials said.
The deliveries can be made to residences, including short-term rentals, and to businesses for an office party or otherwise.
“The main crux of it is, somebody at home that wants a 12-pack of beer delivered to their house would be able to do that,” said Councilman Stavros Anthony, who sponsored the bill. “And that person gets the delivery, the business makes a little bit of money, helps them stay afloat ...

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Friday, January 22, 2021   /   by Ken Couture

How to Make the Dream of Homeownership a Reality This Year

In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common goals is owning a home: a piece of land, a roof over our heads, and a place where we can grow and flourish.
If you’re dreaming of buying a home this year, start by connecting with a local real estate professional to understand what goes into the process. With a trusted advisor at your side, you can then begin to answer the questions below to set yourself up for homebuying success.
1. How Can I Better Understand the Process, and How Much Can I Afford?
The process of buying a home is not one to enter into lightly. You need to decide on key things like how long you plan on living in an area ...

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Thursday, January 21, 2021   /   by Ken Couture

Why Right Now May Be the Time to Sell Your House

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.
According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is incredibly strong. That’s not the case, however, on the supply side. Seller traffic is simply not keeping up. Here’s a breakdown by state:


As the maps show, buyer traffic is high, but seller traffic is low. With so few homes for sale right now, record-low inventory is creating a mismatch between supply and demand.
NAR also just reported that the actual number of homes currently for sale stands at 1.28 million, down 22% from one year ago (1.64 million). Additionally, inventory is at an all-time low with 2.3 months supply&n ...

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Thursday, January 21, 2021   /   by Ken Couture

Should I Wait for Lower Mortgage Interest Rates?

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, acting sooner rather than later may be the actual win if you’re ready to buy a home.
According to Greg McBride, Chief Financial Analyst for Bankrate:
“As vaccines become more widely available and a return to normal starts to come into view, we’ll see mortgage rates bounce off the record lows.”
While only a slight increase in mortgage rates is projected for 2021, some experts believe they will start to rise. Over the past week, for example, the average mortgage rate ticked up slightly, reaching 2.79%. This is still incredibly low compared to the trends we’ve seen over time. ...

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