Market Updates

July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates
Aug. 15, 2016

How Scary is the Housing Affordability Index?

How Scary is the Housing Affordability Index? | Simplifying The Market

Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR).

Here is how NAR defines the index:

“The Housing Affordability ...

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Oct. 5, 2012

How to make a competitive offer on a Las Vegas Home (Part II: The Importance of Being Earnest)

Earnest money is defined as follows: “A sum of money paid by a buyer at the time of entering a contract to indicate the intention and ability of the buyer to carry out the contract.” Normally such earnest money is applied towards the purchase price. Often the contract ...

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