February 2013

There are 3 blog entries for February 2013.

I believe they will for a few reasons. One, all the people who have been sitting on the fence waiting for the bottom have realized it has passed and are now trying to buy before prices go up further. Two, many sellers who have been sitting on their homes to sell but couldn’t because of negative equity, are now putting their homes on the market, and because of low supply and high demand, they are pricing above recent sold comps and getting their asking price , creating an upward trend in the comps, which translate to higher market values. On top of that, new home builders are pushing prices up with new homes, which will also translate into higher market values. Coupled with interest rates under 4% and an improving economy and stock market, I suspect we

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The medium home price for homes sold in January 2013 was $150,000 up from $118,000 in January 2012. Inventory of homes for sale in the MLS is down 24.7%, and we only have 3334 available without offers. This has increased new home sales which is up 42 percent in 2012. 56% of resale homes purchased was with cash.

What's the reason for this price appreciation? Well, in my opinion it is supply that is down because of less foreclosures on the market and high demand because of low interest rates, and the affordability of our market compared to other high cost markets such as California. New homes are coming in to fill the void which I think will lead to increased supply and price gains will slow down.

In addition I feel more distressed properties will

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Finally a new Home builder is building entry level Single Family homes in Henderson.  There is nothing better than the smell of a new home with the new paint, new carpet, NEW Everything.  Whats better than that??? Oh yeah I know....the price!!! These homes are under $140,000. Our team speacializes in New Construction, Call us today to get started.  These prices will not last long!!!
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