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By Trish Williams - Keller Willia Realty Check with Trish Williams
August 2024 Market Update

August 2024 Market Update

9/12/2024 · 31:24
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Description of August 2024 Market Update

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 As we welcome the fall season in Las Vegas, we're also dealing with the aftermath of California wildfires, which have brought unexpected guests like coyotes into our neighborhoods. With humor and heartfelt advice, we share personal anecdotes and emphasize the importance of keeping an eye on your pets.

Next up, we dissect the latest market trends for single-family homes. A slight decrease in available homes and a notable drop in sold homes signal significant shifts. Plus, fluctuating interest rates and attractive government loan programs are making waves. Our analysis highlights the benefits of the current buyer's market, including seller concessions and price reductions. Insights from Marcel's latest meeting reveal that vacant homes are selling faster and staging is making a huge difference. If you're in the market, now might be the perfect time to make your move.

Lastly, our comprehensive look at historical trends from 2019 to 2023 uncovers key events that have shaped the market. From the spike in listings in early 2019 to the inventory surge in April-May 2022, we dissect the factors influencing today's housing landscape, including the rise in home prices and mortgage rates. We also explore the shift towards more affordable options like condos and townhomes. For first-time homebuyers feeling the pinch, we offer practical advice and contact information to help you navigate your journey. Tune in for an informative and engaging episode that keeps you ahead of the curve in Las Vegas real estate.
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Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.
Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.
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