A New Housing Bubble Forming…Not Before 2024!

Posted by & filed under Las Vegas Real Estate.

A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bustâ€� like the one we experienced from 2006-2008. Recently, several housing experts weighed in on the subject… Read more »

Home Prices: The Difference 5 Years Makes

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The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to determine the health of the housing… Read more »

Housing Market Expected To “Spring Forward” This Year

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Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!â€� Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their best interest,… Read more »

4 Reasons to Sell This Spring [INFOGRAPHIC]

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Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family… Read more »

Are Home Values Really Overinflated?

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Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: “The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of year-over-year gains.â€� Seventy-one consecutive months of price… Read more »

It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

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According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone… Read more »

Latest NAR Data Shows Now Is a Great Time to Sell!

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We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house. Let’s look at the data covered in… Read more »

Mortgage Rates on FIRE! Home Prices Up in Smoke?

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Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a… Read more »