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Las Vegas Real Estate News and Updates
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www.WelcomeHomeLasVegas.org
Welcome to this issue covering news and updates in the Las Vegas real estate market.
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Think Home Prices Are Going to Fall?
Think Again!
Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.

To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know.
Want to Buy a Home? Now May Be the Time.
There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic.

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you:
Knowing what your home is worth is very important information to have.  

Sign up for my ePropertyWatch program and you can receive up-to-date information on recent home sales, current listings, and how long it’s taking for homes in your neighborhood to sell.

This service is available nationwide via my website.
A Window of Opportunity for Homebuyers
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales.

But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. That’s why, as the market undergoes this shift, it’s important to compare today not to the abnormal pandemic years, but to the most recent normal years to show how the current housing market is still strong.
Great news!! You may still qualify for first-time home buyer perks! If you're not sure if you qualify and you want to find out more, send me a message.
LOOKING TO BUY/SELL A HOME IN ANOTHER CITY OR STATE?

I can help you with that, too!

I have a great referral network with amazing real estate agents all across the country.
Helping you find your dream home is my biggest source of joy! Not sure where to start, or looking to upgrade? I'm here to help - send me a message so we can get started!

Should You Buy a Home with Inflation This High?
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market:
Considering New Construction?
Contact me today for a list of new communities that are currently selling.
The interest rate on renting is 100% - Remember this as rates rise to 5% and maybe even 6%.
Want to stop paying someone else's mortgage and start gaining equity in your own home? Want to stop the rising rent prices? Contact me today!
Why Are People
Moving Today?
Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you.
Contact me today to be referred to a lender to see if you qualify to purchase a home. It's easier than you think, and you don't need to put 20% down.
CLICK PICTURE TO WATCH VIDEO
CYou should always be pre-approved prior to even looking at homes online. Most real estate agents, including myself, do not show homes until the buyer is pre-approved.

Want to get pre-approved today?
My Services
I offer many services in the Las Vegas real estate market and provide free information:

  • Helping Buyers find a home that meets their needs and fits their budget.

  • Helping Sellers with a FREE market analysis and listing and marketing their home in this competitive market.

  • Helping Investors find a property to meet their investment goals.

  • High Rises - look no further. We help Buyers & Sellers in the Las Vegas High Rise Market.
Jason P. Tomei | Simply Vegas | (702) 948-8895 | NV LIC# S.0176035