Welcome to the LVHomesGroup.com Blog

2019-11-23 21:31:03
Is This a Good Time to Buy a Home?

Purchasing a Home

Timing the real estate market is a bit like throwing your money down on a roulette table in Vegas. Where that wheel will land is anyone’s guess. The same can be said for the real estate market: when will it hit its peak or bottom? Interestingly, the only way to know if real estate prices have hit their high or low point is when they begin rising or falling.  Let’s take a closer look at some of the same economic trends that the experts keep an eye on when forecasting housing market trends.  

Jobs

The national unemployment rate is one indicator of what might happen in the housing market. When rates are low, folks feel confident about spending money. More buyers in the market means more competition, causing prices to rise.

Unemployed folks, on the other hand, typically don’t buy houses. People that are worried about losing their jobs don’t either. During times of high unemployment, home prices fall because there are more homes for sale than buyers in the market.

Inventory

The number of homes on the market – known as the “inventory” in real estate lingo – is another indicator of the direction the housing market may take. A smaller inventory leads to more competition among buyers. Again, it’s the supply and demand theory – when demand outpaces supply, prices rise.  

 

New Housing Starts

Developers generally don’t build new homes during a down economy. When they decide it’s time to jump back into the market, prices typically begin trending upwards.

This is great news for the overall housing market and the economy but, if you’re timing the market, it should be a stark reminder to you to get off the sidelines and buy now.

Although gambling at the roulette table is fun, gambling on how much you’ll pay for a house every month may end up being quite painful. Pay attention to economic indicators and talk to your agent about which direction the market is headed.

 
Blog Archive
2020-02-09 10:00:12
3 Tips to Combat a Low Appraisal

2020-02-03 16:26:39
The Anatomy of a Mortgage Payment

2020-01-02 08:39:25
HOA? Beware the Rules and Regulations!

2019-12-21 10:16:47
4 Tips to Close Quickly on a Home Purchase

2019-11-23 21:31:03
Is This a Good Time to Buy a Home?

2019-11-19 19:32:31
Selling Your First Home

2019-11-13 08:45:31
Alternatives to Granite Countertops

2019-11-07 09:44:04
3 Tips for Attending Open Houses

2019-06-30 12:05:17
Is a Smart Home in your Future?

2019-06-29 19:51:05
What do I need to Qualify for a Home Loan

2019-05-27 09:26:15
What do I need to Qualify?

2019-04-15 22:24:13
Is a Bigger House Really Better?

2018-12-30 09:28:29
What to Look for in the HOA Documents

2018-12-09 11:41:50
Selling During The Holidays

2018-11-22 10:41:16
Top 3 Tips for House Hunting Online

2018-09-28 10:58:27
3 Tips for Attending Open Houses

2018-07-04 16:10:52
The Ultimate Guide to Title Insurance

2018-05-27 15:11:20
Everything you need to Know about Relocating

2018-05-16 18:33:26
Easy Repairs to do when Preparing to Sell Your Home

2018-05-05 08:39:25
2 Things to Know about Home Inspections

2018-04-20 20:10:17
5 CRITERIA FOR PRICING A HOME

2018-04-14 17:08:39
Buying a Foreclosure

2018-04-05 16:44:24
Comparing New Construction vs Resale

2018-03-26 18:50:29
Las Vegas Homes : A Step by Step Guide to Buying

2018-03-17 20:34:15
3 Things to Know about Buying New Construction

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.