If you have been randomly searching for real estate listings in recent months, you may know that the market is very hot right now. According to Zillow’s data, not only has the median house value in Las Vegas increased by 12.6% in the past year, but the median selling price of existing houses in May […]
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Despite The Market Downturn, First Timers Is Ready To Buy
The booming real estate market makes it difficult for first-time home buyers to stand out in the price war. But aspiring first-time home buyers haven’t given up.According to the latest Chase Home first-time homebuyers study, only a quarter of aspiring first-home buyers surveyed recently said they are very confident that they will be financially ready […]
Housing supply is increasing. What does this mean to you?
An important factor in today’s market is the number of houses for sale. Although inventory levels continue to hover near historical lows, there are signs that we may have reached the lowest point we will see. Odeta Kushi, Deputy Chief Economist at First American, recently talked about our procurement challenges: “It looks like inventory may have […]
More TradeUp Buyers Use Reverse Mortgages to Finance Relocation
More and more home buyers are using reverse mortgages to buy their next home. A new study found that a quarter of 170 new home buyers surveyed would not buy a new home without using reverse mortgages for financing.“This is an incredibly important insight, especially when you consider more and more baby boomers are moving […]
Homes Get Larger While Lots Shrink
It is difficult to find a large backyard today. Single-family houses are getting bigger and bigger, and plots are getting smaller. The median house size is now approximately 2,260 square feet, up from 2,170 square feet in 2010. However, the median area of ??new homes has decreased by nearly 18% (10,500 square feet in 2010 […]
Demand for Vacation Homes Is Still Strong
The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more […]
Things Homebuyers Need To Know When Making an Offer
When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re […]
Housing Wealth: The Missing Piece of the Affordability Equation
The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning affordability in the current housing […]
Hope Is on the Horizon for Today’s Housing Shortage
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below […]
Driverless Car Service Eyes a Year-end Debut for Customers in Las Vegas
Imagine ordering a ride-share car and there’s no one behind the wheel when it pulls up to your curb. That’s because the car would be operated remotely by someone in a nearby control center. Once the vehicle arrives, the customer would drive it to the designated destination and leave the car, which then would be […]
