Things to Consider When Purchasing a New Home Build versus a Resale Home
In Las Vegas, we are currently experiencing a small shortage of resale housing inventory, which has made the expanding new home market increasingly popular. So what does that mean exactly for home buyers today?
Well, a couple years ago a buyer had plenty of options to choose from when it came to selecting a house. They could find homes in the area they wanted and usually at a price point that was within their budget. Now, we’re seeing the opposite, and we are finding ourselves with a lack of resale housing inventory.
However, what Las Vegas does not have a lack of is new home builds. So, how is purchasing a new home (new build/new construction) different than a resale, and which is better? Let me break down some key characteristics to consider.
The Zach WalkerLieb Show: Lending with Matt Maltese
For someone who’s either in the mortgage lending business or real estate, mortgage loans are simply a part of their day-to-day, but for a first time homebuyer or even someone who’s purchased or sold a house once or twice, mortgage loans can be complicated. Zach and I sat down and interviewed Matt Maltese, Producing Branch Manager at Supreme Lending, and he gave us the 411 on mortgage loans.
National home equity is falling, but Las Vegas bucks the trend. While U.S. household real estate values dropped $361 billion in Q3 2025 and equity-rich homes declined nationwide, Vegas homeowners maintain strong positions with just 0.5% distressed sales.
Our market's resilience stems from locked-in low mortgage rates (averaging 4%), economic diversification, zero state income tax, and sustainable price growth. Unlike Sun Belt markets experiencing sharp corrections, Las Vegas prices are down only 2% from peaks—a healthy normalization, not a crisis. Local homeowners should feel confident despite concerning national headlines.