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Buy A Home | Teresa Parker- Pahrump Local Expert Blog

Friday, September 13, 2019   /   by Teresa Kenney Parker

6 Graphs Showing the Strength of the Current Housing Market

6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC]


Some Highlights:

Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home.
Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength of today’s market.
With the national data shown here, make sure to also determine what’s happening in your local market so you are fully informed when you’re ready to make your next move.

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Friday, September 6, 2019   /   by Teresa Kenney Parker

Everybody Calm Down! This Is NOT 2008

Everybody Calm Down! This Is NOT 2008





Last week realtor.com released the results of a survey that produced three major revelations:





53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.






57% believe the next recession will be as bad or worse than 2008.






55% said they would cancel plans to move if a recession occurred.





Since we are currently experiencing the longest-ever economic expansion in American history, there is reason to believe a recession could occur in the not-too-distant future. And, it does make sense that buyers and sellers remember the horrors of 2008 when they hear the word “recession.”


Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:




“With people having PTSD from the last time, they&rs ...

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Tuesday, September 3, 2019   /   by Teresa Kenney Parker

Top Priorities When Moving with Kids

Top Priorities When Moving with Kids


According to the Pew Research Center, around 37% of U.S students will be going back to school soon and the rest have already started the new academic year. With school-aged children in your home, buying or selling a house can take on a whole different approach when it comes to finding the right size, location, school district, and more.
Recently, the 2019 Moving with Kids Report from the National Association of Realtors®(NAR) studied “the different purchasing habits as well as seller preferences during the home buying and selling process.” This is what they found:
When Purchasing a Home
The major difference between the homebuyers who have children and those who do not is the importance of the neighborhood. In fact, 53% said the quality of the school district is an important factor when purchasing a home, and 50% select neighborhoods by the convenience to the schools.
Buyers with c ...

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Tuesday, September 3, 2019   /   by Teresa Kenney Parker

5 Reasons to Sell This Fall

5 Reasons to Sell This Fall





Below are 5 compelling reasons listing your home for sale this fall makes sense.


1. Demand Is Strong


The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.


Take advantage of the buyer activity currently in the market.


2. There Is Less Competition Now


Housing inventory is still under the 6-month supply that is needed for a normal market. This means that in the majority of the country, there are not enough homes for sale to satisfy the number of buyers.


Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hove ...

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Tuesday, August 27, 2019   /   by Teresa Kenney Parker

Experts Predict a Strong Housing Market for the Rest of 2019

Experts Predict a Strong Housing Market for the Rest of 2019


We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019.
Here’s what some of the experts have to say:
Ralph McLaughlin, Deputy Chief Economist for CoreLogic

“We see the cooldown flattening or even reversing course in the coming months and expect the housing market to continue coming into balance. In the meantime, buyers are likely claiming some ground from what has been seller’s territory over the past few years. If mortgage rates stay low, wages continue to grow, and inventory picks up, we can expect the U.S. housing market to further stabilize throughout the remainder of the year.”

Lawrence Yun, Chief Economist at NAR

“We expect the second half of year will be notably better than the first half in terms of home sa ...

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