Is the Number of Homes for Sale Finally Growing?
Are we starting to see signs of relief of our extreme housing shortage? An important metric in today’s residential real estate market is the number of homes available for sale.
Are we starting to see signs of relief of our extreme housing shortage? An important metric in today’s residential real estate market is the number of homes available for sale.
In today’s sellers’ market, standing out as a buyer is critical. Multiple offer scenarios and bidding wars are the norm de to the low supply of houses for sale and high buyer demand. In this article we discuss five things to keep in mind when it’s time to make an offer.
“Home ownership is one of the indicators Americans say is least connected to financial health.”
If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again.
There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth.
When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions:
1. Do I think home values will be higher a year from now? 2. Do I think mortgage rates will be higher a year from now?
Record-low interest rates are keeping monthly mortgage payments about 23% lower than the typical payment of 20 years ago. Despite the facts, misleading headlines persist, and they impact how hopeful homebuyers perceive the market.
Some are voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.
From feel-good motivations to economic and social impacts on the local community, these items may give you reason to believe homeownership stretches well beyond your financial investment.
Our team of real estate professionals representing clients in Las Vega are experts who will advocate on your behalf throughout the process when building a home.