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Las Vegas Real Estate was Hot now Cold! Find out how your Zip Code is Doing!
Dated: April 29 2019
The number question I get is, "How's the Market?" With a quick view of the "House Price Index Growth" for the Nation (below) you can see how Neveda is doing. It feels good to be #1.
The downside for buyers—and upside for sellers (HOT) —is that prices are expected to rise more than originally forecast, going up 2.9% in 2019 instead of 2.2%. That’s because the swelling ranks of buyers motivated by those lower mortgage rates will increase demand—and therefore prices.
Chief Economist Danielle Hale of realtor.com. “We’re going to see higher prices and slightly higher home sales than we expected. But home sales are still going to decline slightly as a result of the housing slowdown. There’s a gap between what sellers are looking for and buyers are hoping to pay.”
Check and see if your home is HOT or COLD (HERE)
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When you make an offer on a home, part of that offer can include a little show of good faith on your part, in the form of cold, hard cash. Generally, one to three percent of the offer price is