If you need assistance, please call 775-209-3097

Realtor | Teresa Parker- Pahrump Local Expert Blog

Saturday, August 17, 2019   /   by Teresa Kenney Parker

5 Real Estate Reality TV Myths Explained

5 Real Estate Reality TV Myths Explained





Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting.


When you’re in the middle of your real estate-themed TV show marathon, you might start to think everything you see on the screen must be how it works in real life. However, you may need a reality check.


Reality TV Show Myths vs. Real Life:


Myth #1: Buyers look at 3 homes and decide to purchase one of them.Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors, the average homebuyer tours 10 homes as a part of their search.  


Myth #2: The houses the buyers are touring are still for sale ...

Read More


  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, buying pahrump, selling pahrump, tv vs reality

Thursday, August 15, 2019   /   by Teresa Kenney Parker

Busting the Myth About a Housing Affordability Crisis

Busting the Myth About a Housing Affordability Crisis


It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home that matters, but the price relative to a purchaser’s buying power.
Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability equation is a buyer’s income. The median family income has risen by 3.5% over the last year.
Let’s look at three different reports issued recently that reveal how homes are very affordable in comparison to historic numbers, and how they have become even more afforda ...

Read More


  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, buying pahrump, pahrump

Friday, August 9, 2019   /   by Teresa Kenney Parker

Rent Vs. Own

Rent Vs. Own [INFOGRAPHIC]


Some Highlights:

Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.
Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.
Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!

Read More


  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, buying pahrump, renting, pahrump

Tuesday, August 6, 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 ...

Read More


  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, vacation home, empty nester, pahrump, summer, price right