Market News

A Guide To Seller Concessions 

The real estate market in 2023 has been predicted to be flat as we go into 2024 according to the National Association of Realtors. Which means the current Buyers market that hit between May and April of 2022 will keep heading forward to 2024. One of the reasons it is a buyers market is because the interest rates were not as favorable to buyers compared to the year before and it slowed down demand. Going...

My Favorite 2022 Real Estate Highlights

It wasn’t a great record breaking sales year for many Las Vegas realtors. Inventory is up 463% from last year with 4.8 months of availability per LVR data from November 2022. Home prices have been declining about 2% monthly for the last couple months as interest rates have risen to fight inflation. I personally had a great year for getting good reviews but I did not break any sales records. The...

Buy Down Programs Helping Homebuyers Lower Their Home Payment

A Home Buying Strategy For High Interest Rate Markets It’s no secret the F.E.D. (Federal Reserve) is raising interest rates to slow inflation and buyers in the real estate market are feeling the squeeze in the 3rd and 4th quarter of 2022. The same $400,000 home now comes with a $2800 dollar payment instead of a $2000 payment and in some instances its causing many first time homebuyers to consider...

How Do We Know If We Are In A Buyers Market, Sellers Market or a Balanced Market?

In a balanced real estate market demand matches the supply of for-sale homes in the marketplace and is usually between 3-6 months of inventory, a buyers market is usually more than 6 months of inventory and a sellers market is less than 3 months of inventory. Since 2020 we've had an average of a .5 inventory, so we've been in a historically high sellers market, but the market is cyclical, so for Las Vegas...

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