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Downsize | Teresa Parker- Pahrump Local Expert Blog

Tuesday, September 03, 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 06, 2019   /   by Teresa Kenney Parker

How to Judge the Impact of the Next Economic Slowdown on Housing

How to Judge the Impact of the Next Economic Slowdown on Housing


We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur?
Pulsenomics just released a special report revealing that nearly 6 out of 10 of the 90 economists, investment strategists, and market analysts surveyed believe the next recession will occur by the end of next year. Here’s the breakdown:

9% believe a recession will occur this year
50% believe it will occur in 2020
35% believe it will occur in 2021
6% believe it will occur after 2021

When asked what would trigger the next recession, the three most common responses by those surveyed were:

Trade Policy
Stock Market Correction
Geopolitical Crisis

How might the recession impact real estate?
Challenges in the housing and mortgage markets were major triggers of ...

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Thursday, August 01, 2019   /   by Teresa Kenney Parker

Fed cuts interest rates: What it means for the housing market

Fed cuts interest rates: What it means for the housing market
The Federal Reserve cut interest rates for the first time since the recession. Will mortgage rates dip further?

BY
PATRICK KEARNSStaff Writer

JULY 31, 2019


The U.S. Federal Reserve announced Wednesday it would cut interest rates for the first time since a recession hit the U.S. economy in 2008. Real estate economists are split on the immediate impact it will have on mortgage rates and the housing market.
The Fed is cutting interest rates 25 basis points from between 2.25 percent and 2.5 percent to between 2 percent and 2.25 percent. It had previously signaled it would not hike rates at all in 2019 – after four rate hikes in 2018 – but it became more apparent in recent weeks that it would actually cut rates this time.
“Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability,” the Federal Open Market Committee sa ...

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  current market, own a home, realtor, buy a home, real estate tips, need to know, homeowners, first time homebuyer, home sweet home, tips for home purchase, make pahrump home, selling your home, selling pahrump, buying pahrump, down payment, empty nest, downsize, fha, renting, summer home, vacation home, empty nester, pahrump

Tuesday, June 18, 2019   /   by Teresa Kenney Parker

5 Reasons to Sell Your House This Summer

5 Reasons to Sell Your House This Summer





Here are 5 compelling reasons listing your home for sale this summer makes sense.


1. Demand Is Strong


The latest Buyer Traffic Index  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, multiple buyers are competing with each other for 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 needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.


Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ...

Read More


  current market, own a home, realtor, real estate tips, need to know, downsize, empty nest, homeowners, selling your home, home sweet home, selling pahrump