The biggest current takeaways:
- Last year, some housing experts projected a decline in home prices by the end of 2023 with the rising interest rates. But that hasn’t happened – inventory has just been too low.
- With mortgage interest rates at 8% +/- should sellers help buyers with a Mortgage Buydown? New Home Builders are offering Buydown incentives which is making many buyers seek out New Homes as purchase options. Did you know an Agent can help you negotiate great deals on a New Home purchase or a Traditional purchase? Call us, we can help!
- Now let’s talk about another affordability option: There are many benefits of multi-generational living. By sharing a home with loved ones, you may be able to afford a larger house, save money, and so much more. Let’s discuss what other options you might have!
Check out the monthly Las Vegas real estate market numbers for the month of October below!
