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Teresa Parker- Pahrump Local Expert Blog

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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Friday, August 23, 2019   /   by Teresa Kenney Parker

A Latte a Day Keeps Homeownership Away

A Latte a Day Keeps Homeownership Away [INFOGRAPHIC]





Some Highlights:





The pumpkin spice latte is launching soon, so you may be tempted to spend your extra cash on a daily caffeine fix, but that small expense can add up to a big number – fast!






Saving for a down payment takes a little discipline, so limiting your extra purchases (like a latte a day from your favorite coffee shop) will help you get there faster.






Depending on where you live, putting away just a small amount each day will get you to the average down payment you may need for homeownership faster than you think.

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  current market, own a home, realtor, buy a home, real estate tips, need to know, homeowners, home sweet home, first time homebuyer, tips for home purchase, make pahrump home, buying pahrump, 20 percent down

Friday, August 23, 2019   /   by Teresa Kenney Parker

Seniors Are on the Move in the Real Estate Market

Seniors Are on the Move in the Real Estate Market


Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because,

 "Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the senior citizens who mean so much to our land.”

To give proper recognition, we’re going to look at some senior-related data in the housing industry.
According to the Population Reference Bureau,

“The number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and the 65-and-older age group’s share of the total population will rise from 16 percent to 23 percent.”

Seniors Believe in Homeownership
In a recent report, Freddie Mac compared the homeownership ...

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  current market, own a home, realtor, buy a home, real estate tips, need to know, homeowners, home sweet home, selling your home, buying pahrump, selling pahrump, empty nest, empty nester, time to sell

Tuesday, August 20, 2019   /   by Teresa Kenney Parker

Housing Supply Not Keeping Up with Population Increase

Housing Supply Not Keeping Up with Population Increase


Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up.
The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in 1990 to a pre-recession peak of 2.16 million in 2005). According to Apartment List,

“From 1990 to 2005, the number of single-family permits issued more than doubled, while the number of multi-family permits grew by 49 percent.”

When the housing market crashed, the number of new homes permitted decreased to its lowest level in 2009 (see below):Since then, supply and demand have been out of balance when it comes to new construction. According to the same report,

“Construction of single-family homes has recovered much more slowly — the number of single-family housin ...

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  current market, own a home, realtor, buy a home, real estate tips, need to know, homeowners, home sweet home, make pahrump home, selling your home, selling pahrump, pahrump, empty nester, time to sell

Saturday, August 17, 2019   /   by Teresa Kenney Parker

Buying a Home: Do You Know the Lingo?

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]


Some Highlights:

Buying a home can be intimidating if you’re not familiar with the terms used throughout the process.
To point you in the right direction, here’s a list of some of the most common language you’ll hear when buying a home.
The best way to ensure your home-buying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher.’

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