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Market Update - Discover Fallon, Nevada's Housing Update
Discover Fallon, Nevada's Housing Market Update! With government-driven growth and a median price of $355,000, Fallon is a hot spot for job transfers, especially for military personnel. Homes priced right sell quickly in this active marketplace, with pending sales on the rise. Median days to contract are just 16, indicating a lively market. For buyers, homes under 30 days may offer great opportunities. Currently, 45 homes are available, showcasing a steady absorption of inventory. The forecast hints at a
Lyon County Housing Market Update | Feb 10, 2024
Discover Lyon County Housing Market Update Feb 10, 2024, as we explore areas like Dayton and Silver Springs. Uncover unique insights, including the revelation that 50% of resale homes are manufactured. Despite a slight dip in median sales price, Lyon County remains stable, presenting strategic considerations for sellers against the backdrop of major builders like DR Horton and Lennar. Dive into the promising signs of increased market activity, signaling an exciting real estate season ahead. Whether you’re
Reno, NV Housing Market Update: Surprises, and Steady Growth in 2024
In our latest Reno housing market update, we explore the dynamic shifts and trends that have unfolded in the first weeks of 2024. Despite a challenging fourth quarter with interest rates surpassing 8%, the market has shown resilience, especially in the new construction sector, where interest rates remained stable. The resale market faced temporary challenges but is now rebounding with rates under 7%, resulting in a surge in pending inventory over the last two weeks. With median sales prices at $574,995, up
Carson City Real Estate Market Update - February 2024
Explore the latest trends in Carson City, Nevada's real estate market with our first housing update of the year! Despite initial concerns, home prices have steadily risen to $560,000, showing a consistent upward trajectory since 2022. As we navigate the winter slowdown, anticipate potential opportunities for buyers with a slow but steady rise in the market and stay tuned for insights into Carson City's dynamic real estate landscape. Subscribe for regular updates on market trends and stay ahead in the compet
Sparks, Nevada Housing Market Update: What You Need to Know in 2024
Welcome to the Sparks, Nevada Housing Market Update for January 30, 2024! The Sparks marketplace is experiencing a lively stir, much like its neighboring Reno market. The mild winter weather is playing a significant role, with temperatures above 60 degrees, creating a spring-like atmosphere and boosting buyer and seller activity. The median sales price currently sits at $470,000, showing a slight drop of 15%, but experts attribute this to lower-priced homes closing recently. The overall trend indicates stab
Understanding Down Payment and Closing Costs: A Guide to Homeownership and Loan Programs
A down payment is the amount of money a homebuyer contributes towards their home purchase, while closing costs are additional expenses that are required by the lender and the purchase process.
Insider's Guide to the Home Buying Process: Part 1
In this insightful video, Paul Dunham provides an insider's guide to the home buying process, highlighting the key steps involved and offering tips and insights to help buyers navigate the process more effectively. The first step in the home buying process is typically browsing for homes online. Buyers can use apps and mobile search tools to get an idea of what's available in their desired area and price range. However, it's important to remember that it's too early to start viewing homes in person at this
Understanding the Home Buying Process: Part 2 - What Happens in Escrow
The escrow process is a complex series of events that takes place from the time an offer is accepted to the time a buyer receives the keys to their new home. The process starts with the earnest money, which is a deposit made by the buyer to show the seller they are serious about purchasing the property. The amount varies depending on the market and the contract, but a typical earnest money deposit is around 1% of the purchase price.
Buying and Selling a House at the Same Time: Tips and Insights for a Seamless Transition
In this video, Paul Dunham talks about the process of buying and selling a house at the same time. It can be complicated, but is a common situation that many people face. In this scenario, individuals need to have a special understanding of how to manage the process effectively. There are several ways to approach buying and selling homes simultaneously, including selling first, buying first, and ending both transactions at the same time. When purchasing a new home, there are three major milestones to consi