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Showing posts from October, 2020

Homie’s Las Vegas, Nevada Housing Market Update September 2020

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 Even as Las Vegas finally starts to cool down, the real estate market keeps on heating up. Read below for Homie’s update. In September, the real estate market saw growth on all fronts including # of listings, # units sold, and in terms of median listing and sales price. The market also saw month-over-month growth which might indicate that buyers and sellers are becoming more comfortable in the existing real estate market. Here’s the full breakdown: Monthly Sales According to the data from the GLVAR® from September 2020, Las Vegas real estate realized a whopping 18.9% increase in the number of single-family units sold compared to 2019. List Price Average new list prices stay strong year over year as September records a 9.3% increase in new listing prices for single-family units and a strong 13.6% increase for condo/townhouse units. Data from the GLVAR® from September 2020 and September 2019. Sale Price Property prices continued to grow as this seller market keep...

The Real Estate Market During Times of Crisis [INFOGRAPHIC]

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 The real estate market is all about supply and demand. During times of economic downturns, it may seem like the first thing to take a dive would be the housing market. However, history has something else to say about that. While there have been specific crises involving the housing market, in other historical economic events the real estate market fared well and recovered quickly. Here’s what experts are saying about the impact of COVID-19 on housing. Predictions In April of 2019, researchers at First American Financial Services drew attention to the difference between causation and correlation and how they are used to predict the changes in the housing market. Their final verdict being that the next recession is not likely to cause a negative change in housing, due to the fact that each change in the market is caused by something different. In another publication by First American, chief economist Mark Fleming predicts that the housing market will be one of the lea...

Does Homie Have Real Estate Agents?

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  It’s a common misconception that Homie is a DIY or   For Sale By Owner (FSBO) platform , but the reality is that we’re not either. We are a licensed real estate brokerage that proudly employs some of the most experienced and professional agents you can use to buy or sell a home in several locations in the U.S. What’s so Great About Homie Agents? Homie listing and buyer’s agents offer all the service and professionalism that traditional agents do. However, there are a few things they do differently. Here’s what makes them stand out: Transactions on Transactions Our agents don’t chase their leads by tapping family and friends or hosting client appreciation events. Homie sends buyers and sellers to each agent for the star treatment. Did you know that the average traditional real estate agent only works part time, doing only about six transactions per year? That’s a slow way to gain experience working with different types of home sellers and buyers. Homie agents, on the other ha...

The Practice of Thankfulness

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  For many of us, Thanksgiving kicks off a season of celebration which doesn’t really seem to stop until sometime in January. I probably don’t have to tell you that large gatherings of people, festive parties, and times when everyone is supposed to be part of a happy family can be especially hard if you’re single and wishing you weren’t, maybe even hoping that you would have been on your way to creating your own little family by now. In some parts of the world, this season is cold and dark as well, which doesn’t do a lot for my mental state at the best of times. Often, by the time I find my seat at the Thanksgiving table, I don’t feel very festive. I often don’t feel like being thankful. Maybe you’ve played that game so often employed around the table. Everyone goes around and mentions something they are thankful for. I’ve gone through phases where I’ve really struggled with this idea. On years when I’m feeling uncharitable, it can seem like a way to brag about blessings, and on ye...