MY COMPLEMENTARY MAGAZINE "AMERICAN LIFESTYLE" CLICK HERE

Welcome

Welcome to the premier resource for all real estate information and services in your area. I hope you enjoy your visit and explore everything my realty website has to offer, including Las Vegas real estate listings, information for homebuyers and sellers, and more About Me, your professional Las Vegas Realtor.

Looking for a new home? Check back here often to see our Featured Listings, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

Daily News Stay Informed

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

Wage Increases Make Home Buying More Affordable

Wage Increases Make Home Buying More Affordable | Simplifying The Market

Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.

How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are finally beginning to increase – and that dramatically affects home affordability.

According to the National Association of Realtors’ (NAR) September 2018 Housing Affordability Index, wages have increased in every region of the country:

Wage Increases Make Home Buying More Affordable | Simplifying The Market

After applying current salaries, home prices, and mortgage rates to their Home Affordability Index equation, the index, though still lower than this time last year (160.1 to 146.7), increased over the last month (141.2 to 146.7). For the complete methodology used by NAR, click here.

The percentage of income needed to own a home has also decreased each of the last three months. It currently sits at 17% which is substantially lower than historic numbers.

Wage Increases Make Home Buying More Affordable | Simplifying The Market

Bottom Line

If you are a first-time buyer or a move-up buyer who believes that purchasing a home is not within your budget, let’s get together to determine if that is still true.

Home Sellers in Q3 Netted $61K at Resale

Home Sellers in Q3 Netted $61K at Resale | Simplifying The Market

According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232.

This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original purchase prices.

After the Great Recession, many homeowners were left in negative equity situations but home price appreciation in the recovery period since then has given homeowners something to smile about.

The results from ATTOM fall right in line with data from the latest edition of the National Association of Realtors’ (NAR) Profile of Home Buyers and Sellers. Below is a chart that was created using NAR’s data to show the percentage of equity that homeowners earned at the time of sale based on when they purchased their homes.

Home Sellers in Q3 Netted $61K at Resale | Simplifying The Market

Even though those who purchased at the peak of the market netted less than those who bought before and after the peak, the good news is that there was a double-digit profit to be had! Many homeowners believe that they are still underwater which has led many of them to not even consider selling their houses.

Bottom Line

If you are curious about how much equity you’d earn if you sold your home, let’s get together to perform an equity review and determine the demand for your home in today’s market!

View All
agent photo
Tammy Eden
Signature Real Estate Group
9525 Hillwood Dr., Suite 180
Las Vegas, NV 89134
Phone: 702-513-1300
Email: eden_str@yahoo.com

DON'T MISS A NEW LISTING AGAIN!

Register Now
Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information is NOT Shared*

Testimonials

Local knowledge:5 Stars Process expertise:5 Stars Responsiveness:5 Stars Negotiation skills:5 Stars I have given Tammy Eden Five Stars in each of the categories of Local Knowledge, Process Expertise, Responsiveness, and Negotiation Skills. Tammy consistently demonstrated these qualities and provided me with the highest quality of service throughout the duration of my association with her. Tammy listed and managed the sale of my home of over twenty years and worked tirelessly to help me find and purchase my new home. In addition to being genuinely expert in her profession, Tammy is thoroughly caring and committed to client satisfaction. I recommend her without any reservations to anybody buying or selling property in Las Vegas Doug S.
Local knowledge:5 STARS Process expertise:5 STARS Responsiveness:5 STARS Negotiation skills:5 STARS I truly believe I only became the owner of my house because Tammy was my agent. The market in my area currently has a shortage of houses in my price range, creating a bidding war. Tammy understands the ins-n-outs of this difficult market and knows how to close the deal. From bid to closing was 3 weeks. Wow Danielle P
Highly likely to recommend 02/08/2018 - chakki10 Sold a Single Family home in 2018 in Desert Shores, Las Vegas, NV. Local knowledge:5 STARS Process expertise:5 STARS Responsiveness:5 STARS Negotiation skills:5 STARS We sold our house with Tammy and got 25,000 above appraisal wow!!!!! Also got the new one with her as well. She was very patient and professional during the whole process and always kept the best of our interest in mind. It’s been a pleasure to work with her and I highly recommend her services to anybody Chakki10
View All

Blog

View All

house realtor mls

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu