MAHSHEED LUXURY REAL ESTATE: LAS VEGAS LUXURY HOME AND LUXURY HOUSING MARKET REPORT Dear Friends, I would like to share my 2022 Luxury Housing Market Report. As most of you already know, the 2022 Luxury Home Real Estate Market was a year of leveling out and understanding our “new normal.” Luxury home sales were also slow and not selling as quickly in the high-end housing market. Inventory had doubled since 2021 in certain areas. Economic uncertainty was fueled by rising interest rates which increased to historic highs. Furthermore, inflation was at an all-time high which triggered sustained bouts of selling in the stock market. On January 18, 2023, per CNBC, Mortgage demand jumped nearly 28% in one week. Moreover, interest rates dropped to lowest points this month. As we enter the beginning of the spring buying season, lower mortgage rates and number of homes on the market will help affordability. Especially for first-time home buyers, as noted the top economist at the Mortgage Bankers Association. The number of active listings is about 21% higher than it was a year ago, according to Redfin, a real estate brokerage. That is mostly because homes for sale are now sitting on the market longer, with fewer sales.