A new real estate rule in North Carolina, effective Monday, mandates that home sellers disclose previous flooding incidents to potential buyers. Finalized by the North Carolina Real Estate Commission in March, this rule is now part of the Residential Property and Owners’ Association Disclosure Statement form. Property owners must complete this disclosure before any purchase […]
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What to Do If Your House Didn’t Sell
If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment. And as you’re working through that, you’re probably also wondering what went wrong and what you should do next. If you still need to move and want to get it back on the market, here are […]
A strategist predicts a correction in the US real-estate market.
America’s real-estate market could be in for a big correction, the veteran strategist Chris Vermeulen said. The chief market strategist of The Technical Traders pointed to worrying signals flashing in the real-estate sector, as borrowing costs look poised to stay higher for longer. Construction starts for single- and multi-family homes have plateaued after a steep drop […]
Concentrate on how long you’re invested rather than trying to predict the best times to buy and sell.
Many people are wondering whether they should buy a home now or wait. The right timing depends on various personal factors, but there’s an important aspect to consider. If you can afford to buy at current rates and prices, it might be more beneficial to focus on how long you stay in the market rather […]
What’s that huge building being constructed near Ikea in southwest Las Vegas?
A prominent national furniture retailer, Ashley HomeStore, is establishing a new “megastore” next to Ikea in southwest Las Vegas. The construction of the 273,000-square-foot building is well underway, with visible walls from the 215 Beltway and South Durango Drive. The Clark County Planning Commission approved the project in 2021. A spokesperson for the Wisconsin-based company […]
Las Vegas legend’s home hits the market with a starting bid of $1M
The public is again invited to tour the late entertainment legend Jerry Lewis’s home. Be prepared to bid at least a million dollars, which is relatively low for this property. Located in the historic Scotch 80’s neighborhood, the Lewis residence is up for sale with an open house and offer presentation from 2 to 4 […]
Home Prices Are Holding Steady, Despite Headlines Suggesting Otherwise
If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices. The bottom line is home prices are higher than they were a year ago at this time, and they’re expected to keep rising, just at a slower […]
Do Elections Influence the Housing Market?
The 2024 Presidential election is approaching quickly. If you’re considering buying or selling a home, you might be wondering how elections might affect the housing market. It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event might impact your plans. Historically, Presidential elections have only […]
Concerned About Mortgage Rates? Focus on What You Can Control
Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do. The truth is, mortgage rates are impacted by a lot of factors: geo-political […]
Newly built homes in Southern Nevada now account for 25% of sales, driven by incentives from builders.
With mortgage rates at a 20-year high and many homeowners locked into low rates they nabbed during the pandemic, fewer existing houses are selling in Southern Nevada and homebuilders are offering more incentives to get buyers into new homes. Some major homebuilders are offering 2-to-1 mortgage packages to entice buyers as mortgage rates hover around […]
