Las Vegas Real Estate BlogRecently posted or modified blog postshttps://www.seevegashomes.com/blog/Copyright SeeVegasHomes.com2024-03-08T11:39:03-07:00tag:seevegashomes.com,2012-09-20:36349The Las Vegas Spring Market Is a Sweet Spot if You’re Looking To Sell
<img src="https://assets.site-static.com/userfiles/742/image/Las_Vegas_Housing_Market_Update_February_2024_seevegashomes.jpg" width="546" height="458" alt="Las_Vegas_Housing_Market_Update_February_2024_seevegashomes" />
Some Highlights
Wondering if now’s a good time to <a href="https://www.mykcm.com/2024/03/06/why-access-is-so-important-when-selling-your-house/" rel="noopener noreferrer" target="_blank">sell your house</a>? Based on <a href="https://www.realtor.com/research/january-2024-data/" rel="noopener noreferrer" target="_blank">how many homes</a> are on the market, there are two big reasons why this spring is looking so <a href="https://www.mykcm.com/2024/02/27/why-todays-housing-supply-is-a-sweet-spot-for-sellers/" rel="noopener noreferrer" target="_blank">good for sellers</a>.
Thanks to an uptick in inventory over last year, you’ve got more options for your <a href="https://www.mykcm.com/2024/02/08/home-equity-can-be-a-game-changer-when-you-sell/" rel="noopener noreferrer" target="_blank">next home</a>. But there are still fewer homes for sale than there’d normally be, meaning your house should stand out and get a lot of attention from buyers.
If you want to <a href="https://www.mykcm.com/2024/02/19/its-time-to-prepare-your-house-for-a-spring-listing/" rel="noopener noreferrer" target="_blank">sell your house</a>, this spring is the <a href="https://www.calculatedriskblog.com/2024/03/housing-march-4th-weekly-update.html" rel="noopener noreferrer" target="_blank">sweet spot</a>. When you’re ready, <a href="https://www.mykcm.com/2024/02/28/why-you-want-an-agents-advice-for-your-move/" rel="noopener noreferrer" target="_blank">let’s chat</a> to get the <a href="https://www.mykcm.com/2024/02/09/winning-plays-for-buying-a-home-in-todays-market-infographic/" rel="noopener noreferrer" target="_blank">ball rolling</a>.
2024-03-08T11:19:17-07:002024-03-08T11:39:03-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:36144How Changing Mortgage Rates Impact You [INFOGRAPHIC]<img src="https://assets.site-static.com/userfiles/742/image/How_Changing_Mortgage_Rates_Impact_You_seevegashomes.jpg" width="1300" height="2998" alt="How_Changing_Mortgage_Rates_Impact_You_seevegashomes" />
Some Highlights
If you’re looking to <a href="https://www.mykcm.com/2024/02/20/strategic-tips-for-buying-your-first-home/" rel="noopener noreferrer" target="_blank">buy a home</a>, it’s important to know how <a href="https://www.mortgagecalculator.net/" rel="noopener noreferrer" target="_blank">mortgage rates</a> impact what you can afford and how much you’ll <a href="https://www.mykcm.com/2024/01/26/why-its-more-affordable-to-buy-a-home-this-year-infographic/" rel="noopener noreferrer" target="_blank">pay each month</a>.
That’s because even a <a href="https://www.mykcm.com/2024/01/30/2-of-the-factors-that-impact-mortgage-rates/" rel="noopener noreferrer" target="_blank">small change</a> in <a href="https://www.mykcm.com/2024/02/12/whats-really-happening-with-mortgage-rates/" rel="noopener noreferrer" target="_blank">mortgage rates</a> can have a big impact on your <a href="https://www.mykcm.com/2024/02/07/why-pre-approval-is-even-more-important-this-year/" rel="noopener noreferrer" target="_blank">purchasing power</a>.
The best way to navigate changing mortgage rates and make an <a href="https://www.mykcm.com/2024/02/16/achieve-your-dream-of-homeownership-with-condos-and-townhomes-infographic/" rel="noopener noreferrer" target="_blank">informed buying decision</a> is to rely on the <a href="https://www.mykcm.com/2024/02/09/winning-plays-for-buying-a-home-in-todays-market-infographic/" rel="noopener noreferrer" target="_blank">expertise</a> of a local <a href="https://www.mykcm.com/2024/02/05/why-having-your-own-agent-matters-when-buying-a-new-construction-home/" rel="noopener noreferrer" target="_blank">real estate professional</a> and mortgage lender.
If you don't have a lender already, feel free to reach out to local lender John Drennen at Fairway Mortgage. John is licensed in NV, CA, OR, WA, CO, AZ, NM, TX, MO, FL, SC, IN, IL, OH & NE and is available seven days a week to discuss your current goals and timelines. You can fill out the form below OR you can click the <a href="https://mobile.fairwaynow.com/homehub/signup/john.drennen@fairwaymc.com?from_mobile_share=true" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://mobile.fairwaynow.com/homehub/signup/john.drennen@fairwaymc.com?from_mobile_share%3Dtrue&source=gmail&ust=1709258733616000&usg=AOvVaw0NBLvwxY6S4_ZBSLdnkqZX">APPLY NOW link</a> below to easily get started!
2024-02-28T19:02:16-07:002024-02-28T19:10:37-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:35810January 2024 Las Vegas Real Estate Market UpdateOur monthly report by Las Vegas REALTORS (LVR) shows how our local market did in the first month of 2024. Once again our home prices are continuing to inch upward in part because our inventory is still quite low
<img src="https://ci3.googleusercontent.com/meips/ADKq_NZ8NnAJcTHEeZXFbl4_M7qEB3KYEbyQlscZBw3TWOGf46yY_bpFJSb8fX2LfDxDSq_0Xq8D6FD1iSECLKhTafvII9HpG07H1pB33SBRqAHYKZmDGtQAYHk=s0-d-e1-ft#https://static.xx.fbcdn.net/images/emoji.php/v9/t95/2/16/1f3e0.png" alt="🏠" width="20" height="20" class="CToWUd" data-bit="iit" /> The median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during January was $445,000 -+4.7% from January 2023's median price of $425,000. Home prices are still below the all-time median sales price record of $482,000 set in May of 2022.
The median price of a condominum in Las Vegas is now $275,000 -+7.8% from January 2023, but still down from the all-time record price of $287,000 in August.
Below is our January 2024 market update vs January 2023 numbers. You can see units available is considerably down -34.8% with only 2.4 months of available inventory compared to 4.1 months of availabile inventory a year ago. Sales are up 11.6% from a year ago.
<img src="https://assets.site-static.com/userfiles/742/image/Las_Vegas_Housing_Market_Changes_January_2024_v_2023_seevegashomes.jpg" width="1500" height="642" alt="https://assets.site-static.com/userfiles/742/image/Las_Vegas_Housing_Market_Changes_January_2024_v_2023_seevegashomes.jpg" />
2024-02-12T14:30:50-07:002024-02-12T14:34:19-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:35781Super Bowl in Las VegasSuper Bowl in Las Vegas! Who would ever think? So happy for our city, we are booming!
Here’s the breakdown for these two housing markets. Who do you think wins?
<img src="https://assets.site-static.com/userfiles/742/image/426484786_10230092471069890_7959377183424869197_n.jpg" width="1290" height="1292" alt="Here’s the breakdown for these two housing markets. Who do you think wins?" />2024-02-11T13:32:51-07:002024-02-11T13:34:27-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:35425Spectrum Trails<img src="https://assets.site-static.com/userfiles/742/image/Spectrum_Hills_Las_Vegas_89141_seevegashomes.png" width="1358" height="858" alt="Spectrum_Hills_Las_Vegas_89141_seevegashomes" />
Brand New Community: <img height="16" width="16" alt="✨" class="xz74otr" referrerpolicy="origin-when-cross-origin" src="https://static.xx.fbcdn.net/images/emoji.php/v9/t75/2/16/2728.png" /> Spectrum Trails <img height="16" width="16" alt="✨" class="xz74otr" referrerpolicy="origin-when-cross-origin" src="https://static.xx.fbcdn.net/images/emoji.php/v9/t75/2/16/2728.png" />
<img height="16" width="16" alt="📍" class="xz74otr" referrerpolicy="origin-when-cross-origin" src="https://static.xx.fbcdn.net/images/emoji.php/v9/tcc/2/16/1f4cd.png" /> South Las Vegas • 89141 zip code
<img height="16" width="16" alt="💰" class="xz74otr" referrerpolicy="origin-when-cross-origin" src="https://static.xx.fbcdn.net/images/emoji.php/v9/tf9/2/16/1f4b0.png" />: Prices from $349,990 - $375,990
<img height="16" width="16" alt="🏘" class="xz74otr" referrerpolicy="origin-when-cross-origin" src="https://static.xx.fbcdn.net/images/emoji.php/v9/tfe/2/16/1f3d8.png" />: 3 Bedrooms • 1,319 sf - 1,417 sf • 1-2 car garage
Spectrum Trails is one of the newest gated communities located near Southern Highlands. Spectrum Hills is conveniently located near dining and retail options, as well as parks and trails. <a tabindex="-1"></a>Contact today for a tour!
<img height="16" width="16" alt="🏡" class="xz74otr" referrerpolicy="origin-when-cross-origin" src="https://static.xx.fbcdn.net/images/emoji.php/v9/t16/2/16/1f3e1.png" /> 𝗠𝗲𝘀𝘀𝗮𝗴𝗲 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝘀𝗲𝗹𝗹𝗶𝗻𝗴!
2024-01-25T12:43:15-07:002024-01-25T19:31:39-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:34910Things To Consider If Your Las Vegas Home Didn’t Sell
If your listing has expired and your house didn’t sell, it's completely normal to feel a mix of frustration and disappointment. Understandably, you're probably wondering what may have gone wrong. Here are three questions to think about as you figure out what to <a href="https://www.mykcm.com/2023/12/05/when-you-sell-your-house-where-do-you-plan-to-go/" rel="noopener noreferrer" target="_blank">do next</a>.
Did You Limit Access to Your House?
One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. Being flexible with your schedule is important, even though it might feel a bit stressful to drop everything and leave when buyers want to see it. After all, minimal access means minimal exposure to buyers. ShowingTime <a href="https://showingtimeplus.com/resources/blog/6-reasons-your-house-isnt-getting-showings-and-how-to-fix-it" rel="noopener noreferrer" target="_blank">advises</a>:
“. . . do your best to be as flexible as possible when granting access to your house for showings.”
Sometimes, the most <a href="https://www.mykcm.com/2023/11/16/people-are-still-moving-even-with-todays-affordability-challenges/" rel="noopener noreferrer" target="_blank">determined buyers</a> might come from far away. Since they’re traveling to see your house, they may not be able to change their plans easily if you only offer limited times for showings. So, try to make your house available as much as you can to accommodate them. It's simple – if no one’s able to look at it, how will it sell?
Did You Make Your House Stand Out?
When you're selling your house, the old saying matters: you never get a second chance to make a first impression. Putting in the work to make the exterior of your home look nice is just as important as how you stage it inside. Freshen up your landscaping to boost your home’s curb appeal so you can make an impact upfront. As an article from U.S. News <a href="https://realestate.usnews.com/real-estate/articles/how-to-sell-your-home-while-living-in-it" rel="noopener noreferrer" target="_blank">says</a>:
“After all, if people drive by, but aren’t interested enough to walk through the front door, you’ll never sell your house.”
But don’t let that impact stop at the front door. By removing personal items and reducing clutter inside, you give buyers more freedom to picture themselves in the home. Plus, a fresh coat of paint or thorough floor cleaning can work wonders in sprucing up the house for potential buyers.
Did You Price Your House at Market Value?
Setting the right price is key. While it might be tempting to push the price higher to maximize your profit, <a href="https://www.mykcm.com/2023/12/14/if-your-house-hasnt-sold-yet-it-may-be-overpriced/" rel="noopener noreferrer" target="_blank">overpricing your house</a> can actually turn off potential buyers and slow down the selling process. Forbes <a href="https://www.forbes.com/sites/brendarichardson/2023/03/01/recent-home-sellers-are-feeling-remorse-over-pricing-timing-or-marketing-of-their-home-new-survey-finds/?sh=2be46552317d" rel="noopener noreferrer" target="_blank">notes</a>:
“Pricing a home too high could lead to a slower sale or force the seller to drop their price.”
If your house is priced higher than others like it, it may discourage buyers, resulting in increased time on the market. Pay attention to the feedback people give your agent during open houses and showings. If lots of people are saying the same thing, it might be a good idea to think about lowering the price.
<img src="https://assets.site-static.com/userfiles/742/image/Things_To_Consider_If_Your_Las_Vegas_Home_Didnt_Sell.jpg" width="1080" height="1080" alt="Things_To_Consider_If_Your_Las_Vegas_Home_Didnt_Sell seevegashomes" />
For all these insights and more, rely on a trusted <a href="https://www.mykcm.com/2023/12/07/why-you-need-to-use-a-real-estate-agent-when-you-buy-a-home/" rel="noopener noreferrer" target="_blank">real estate agent</a>. A great agent will offer expert advice on relisting your house with effective strategies to get it sold.
Bottom Line
It’s natural to feel disappointed when your listing has expired and your house didn’t sell. Let’s connect to determine what happened, and what changes you should make to get <a href="https://www.mykcm.com/2023/11/20/is-your-house-the-top-thing-on-a-buyers-wish-list-this-holiday-season/" rel="noopener noreferrer" target="_blank">your house</a> back on the market.
2024-01-03T10:25:55-07:002024-01-03T10:30:53-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:34709Multi-Generational Living in New Home Communities<img src="https://assets.site-static.com/userfiles/742/image/The_Benefits_of_Buying_a_Multi-Generational_Home_seevegashomes.jpg" width="1100" height="4433" alt="The_Benefits_of_Buying_a_Multi-Generational_Home_seevegashomes" />
If you’re ready to <a href="https://www.mykcm.com/2023/10/26/affordable-homeownership-strategies-for-gen-z/" rel="noopener noreferrer" target="_blank">buy a home</a> but are having a hard time <a href="https://www.mykcm.com/2023/10/23/why-home-prices-keep-going-up/" rel="noopener noreferrer" target="_blank">affording</a> it on your own, or, if you have aging loved ones you need to care for, you might want to consider a <a href="https://www.nar.realtor/blogs/economists-outlook/all-in-the-family-multi-generational-home-buying" rel="noopener noreferrer" target="_blank">multi-generational home</a>. You may be seeing more new home builders offering these floorplans often called Next Gen® Homes, Multi-Gen®.
Living with siblings, parents, and even <a href="https://www.mykcm.com/2023/10/10/are-grandparents-moving-to-be-closer-to-their-grandkids/" rel="noopener noreferrer" target="_blank">grandparents</a> can help you <a href="https://www.mykcm.com/2023/10/17/how-buying-a-multi-generational-home-helps-with-affordability-today/" rel="noopener noreferrer" target="_blank">save money</a>, give or receive childcare, and spend quality time together.
Let’s connect to find a home in our area that’s perfect for you and your loved one’s <a href="https://www.bizjournals.com/triangle/news/2023/04/01/why-choose-multigenerational-living-in-the-triangl.html" rel="noopener noreferrer" target="_blank">needs</a>.
Visit our <a href="https://www.seevegashomes.com/multi-generational-living-in-las-vegas/" target="_blank">Multi-Generational Living</a> page to find out more about floorplans being offered in the valley! 2023-12-22T20:25:26-07:002023-12-23T10:22:42-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:34480If Your Las Vegas Home Hasn’t Sold Yet, It May Be Overpriced
Has your Las Vegas home been sitting on <a href="https://www.mykcm.com/2023/11/15/the-latest-2024-housing-market-forecast/" rel="noopener noreferrer" target="_blank">the market</a> a while without <a href="https://www.mykcm.com/2023/11/20/is-your-house-the-top-thing-on-a-buyers-wish-list-this-holiday-season/" rel="noopener noreferrer" target="_blank">selling</a>? If so, you should know that’s pretty unusual, especially right now. That’s because the <a href="https://www.mykcm.com/2023/11/21/are-there-actually-more-homes-for-sale-right-now/" rel="noopener noreferrer" target="_blank">supply of homes</a> available for sale is still far lower than what we’d see in a normal year. That means buyers have fewer options than they usually would, so your house should be an oasis in an <a href="https://www.mykcm.com/2023/10/24/the-perks-of-selling-your-house-when-inventory-is-low/" rel="noopener noreferrer" target="_blank">inventory</a> desert.
So, if homebuyers have limited choices and your house still hasn’t sold, there’s a reason why. Let’s break one potential sticking point that may be turning buyers away: your asking price.
Especially with today’s higher mortgage rates already putting a stretch on their budget, <a href="https://www.mykcm.com/2023/11/16/people-are-still-moving-even-with-todays-affordability-challenges/" rel="noopener noreferrer" target="_blank">buyers</a> are being a bit more sensitive about price. As a recent article from the Wall Street Journal (WSJ) <a href="https://www.wsj.com/articles/is-now-a-good-time-to-sell-your-home-ac27dc9b" rel="noopener noreferrer" target="_blank">says</a>:
“If you are serious about selling your home now, don’t get greedy with the asking price. This is still a seller’s home market as there simply aren’t enough affordable homes for sale in many parts of the country. But with average 30-year mortgage rates above 6%, buyers are much more price-sensitive than they were a year ago.”
Why Setting the Right Price Matters
While you want to maximize the return on your investment when you <a href="https://www.mykcm.com/2023/10/19/the-risks-of-selling-your-house-on-your-own/" rel="noopener noreferrer" target="_blank">sell your house</a>, you also need to be realistic based on current market conditions. The simple truth is your house is only going to sell for what people are willing to pay right now.
This can be a hard thing to accept. Especially since emotions can run high during the selling process, which only complicates matters more. After all, you may have lived in this house for years, so it’s only natural you’re emotionally tied to it – and those heartstrings can make it harder to be objective.
But it’s important to acknowledge that a bigger-than-expected price tag deters buyers and may make them dismiss your house as a possibility before even seeing it. And if no one’s looking at it, how will it sell?
If you want to get your house sold, you’ll need to do something to spark interest in your home again. That’s where we are here to help as full-time real estate agents working in our market. We'll help use data to find out if it’s priced too high for our local market. We balance the value of homes in your neighborhood, current market trends and buyer demand, the condition of your house, and more to find the right price for your house, so you can close this chapter and start your next one.
Bottom Line
While it’s true there aren’t that many homes available for sale right now, your home’s asking price still matters. And, if it’s not selling, it may be priced too high.
2023-12-14T10:52:08-07:002023-12-14T10:54:46-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:340166041 Riverwalk Falls Street Unit#102, North Las Vegas, Nevada 89031
<img src="https://assets.site-static.com/userfiles/742/image/Just_Listed_6041_Riverwalk_Falls_Street_102_North_Las_Vegas_89031_seevegashomes.jpg" width="940" height="788" alt="Just_Listed_6041_Riverwalk_Falls_Street_102_North_Las_Vegas_89031_seevegashomes" />
This three bedroom, two bath one-story townhome is located in SW Las Vegas in the <a href="https://www.seevegashomes.com/parkside-at-summerlin/" target="_blank">Parkside at Summerlin</a> community located in the <a href="https://www.seevegashomes.com/zip/89135/" target="_blank">89135 zip code</a>. This townhouse is currently listed for sale for $469,999.<a href="https://www.seevegashomes.com/property-search/detail/95/2488059/11280-granite-ridge-dr-las-vegas-nv-89135/" target="_blank"></a>
Special things about this home:
Located in gated community with pool, spa across from the Summerlin Centre Community Park and Village Green Park.
A desirable floor plan by homebuilder Pulte Homes providing low maintenance living
Just east of Downtown Summerlin with tons of shopping and dining options.
2023-12-02T18:44:34-07:002023-12-02T18:46:41-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:32081Is Your House the Top Thing on a Buyer’s Wish List this Holiday Season?
<img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20231114/20231120-Is-Your-House-the-Top-Thing-on-a-Buyers-wish-list-this-holiday-season.jpg" />This time every year, homeowners who are planning to move have a decision to make: sell now or wait until after the holidays? Some sellers with homes already on the market may even remove their listing until the new year.
But the truth is, <a href="https://www.mykcm.com/2023/11/06/reasons-to-sell-your-house-before-the-new-year/" rel="noopener noreferrer" target="_blank">many buyers</a> want to purchase a home for the holidays, and your house might be just what they’re looking for. As an article from Fortune Builders <a href="https://www.fortunebuilders.com/selling-a-home/" rel="noopener noreferrer" target="_blank">explains</a>:
“ . . . while a majority of people take a step back from the real estate market during the holiday months, you may find when the temperature drops, your potential for a great real estate deal starts to rise.”
To help prove that point, here are four reasons you shouldn’t wait to sell your house.
1. The desire to own a home doesn’t stop during the holidays. While a few buyers might opt to delay their moving plans until January, others may <a href="https://www.mykcm.com/2023/10/18/what-are-the-real-reasons-you-want-to-move-right-now/" rel="noopener noreferrer" target="_blank">need to move</a> now because something in their life has changed. The buyers who look for homes at this time of year are usually motivated to make their move happen and are eager to buy. A recent article from Investopedia <a href="https://www.investopedia.com/articles/personal-finance/102615/why-holidays-are-good-time-sell-your-house.asp" rel="noopener noreferrer" target="_blank">says</a>:
“Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.”
2. While the supply of <a href="https://www.mykcm.com/2023/10/24/the-perks-of-selling-your-house-when-inventory-is-low/" rel="noopener noreferrer" target="_blank">homes for sale</a> has increased a little bit lately, overall inventory is still lower than it was before the pandemic. What does that mean for you? If you work with <a href="https://www.mykcm.com/2023/10/30/a-real-estate-agent-helps-take-the-fear-out-of-the-market/" rel="noopener noreferrer" target="_blank">an agent</a> to price your house at market value, it could still sell quickly because today’s buyers are craving more options – and your home may be exactly what they’re searching for.
3. You can determine the days and times that are most convenient for you for home showings. That can help you minimize disruptions to your own schedule, which can be especially important during this busy time of year. Plus, you may find buyers are more flexible on when they’ll tour a house this time of year because they have more time off from work around the holidays.
4. And finally, homes decorated for the holidays appeal to many buyers. For those buyers, it’s easy to picture gathering with their loved ones in the home and making memories of their own. An <a href="https://www.ramseysolutions.com/real-estate/selling-your-home-in-winter" rel="noopener noreferrer" target="_blank">article</a> on selling at this time of year offers this advice:
“If you’re selling around a holiday and have decorations up, make sure they accent—not overpower—a room. Less is more.”
Bottom Line
There are plenty of good reasons to put your house on the market during the holiday season. Let's chat and see if it's the right time for you to sell.
2023-11-20T12:16:23-07:002023-11-20T12:18:18-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:32059Another team to Las Vegas - Oakland A's approve relocation2023-11-16T15:47:00-07:002023-11-19T15:48:42-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:318082426 Granada Bluff Court, Las Vegas, Nevada 89135<img src="https://assets.site-static.com/userfiles/742/image/Featured_Listing_2426_Granada_Bluff_Traccia_Summerlin_seevegashomes.jpg" width="1175" height="985" alt="Featured_Listing_2426_Granada_Bluff_Traccia_Summerlin_seevegashomes" />
2023-11-09T18:57:59-07:002023-11-09T19:05:09-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:31682Debating selling your Las Vegas home before the year is over?<img src="https://assets.site-static.com/userfiles/742/image/Debating_selling_your_Las_Vegas_home_before_the_year_is_over_seevegashomes_2023.jpg" width="1080" height="1080" alt="Debating_selling_your_Las_Vegas_home_before_the_year_is_over_seevegashomes_2023" />
Debating selling your Las Vegas home before the year is over? Keep this in mind. If someone's looking to buy a home this time of year, you can bet they mean business. Buyers in the market toward the year’s end are usually super motivated and ready to make a move. Message me if you'd like more information on selling and getting your house in front of those driven buyers this season!
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞'𝐬 𝐮𝐩𝐝𝐚𝐭𝐞 𝐯𝐚𝐥𝐮𝐞 𝐚𝐭: <a class="x1i10hfl xjbqb8w x6umtig x1b1mbwd xaqea5y xav7gou x9f619 x1ypdohk xt0psk2 xe8uvvx xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd x16tdsg8 x1hl2dhg xggy1nq x1a2a7pz xt0b8zv x1fey0fg" href="https://l.facebook.com/l.php?u=https%3A%2F%2Fbit.ly%2FLVhomevalue%3Ffbclid%3DIwAR1x2c3UajOIYHA0O_wxDuii8Fvdw24EV88ZfXxfwpXhgN1ePQr0w8014gU&h=AT1YNlKKqqUg0Eg3cCKafSWcBJSHjSWrmmFrIswLv_KTW9gZvIamC_x-t7Gzs-5RwOJDDRcxZjUbmc_vdw0-phpkoGIR5sQ72BBgQ7fWnyVnWYR08PVgDArnDSNXbNN8SiJR06cYQTBbRhugWE8as8bf4A&__tn__=-UK*F&c[0]=AT23zniZ5YdoySmjNCwb-py-5ML9ARL-ixwLA_skfWO7ooxiIfDSrjIYlIVNILKiZvV8gp-lDUmINyKL-y936H88wWXPlYzedb-FCmqjhi9DGd4mweyldzhbogDrn1EarwTuvFSH-dNqs7y8twpT0B127dRbvcNGgBY-7a46oOBUXTipszIClDPEzTTEztQABXFSlBH4pzOE" rel="nofollow noreferrer" role="link" tabindex="0" target="_blank">https://bit.ly/LVhomevalue</a> or fill out the form below for quick response!<br /><br />2023-11-05T13:20:43-07:002023-11-05T13:27:28-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:3114110495 Heritage Park Ave Las Vegas, NV 89135<img src="https://assets.site-static.com/userfiles/742/image/Featured_Listing_Parkside_Summerlin_89135_seevegashomes.jpg" width="940" height="788" alt="Featured_Listing_Parkside_Summerlin_89135_seevegashomes" />
This three bedroom, two bath one-story townhome is located in SW Las Vegas in the <a href="https://www.seevegashomes.com/parkside-at-summerlin/" target="_blank">Parkside at Summerlin</a> community located in the <a href="https://www.seevegashomes.com/zip/89135/" target="_blank">89135 zip code</a>. This townhouse is currently listed for sale for $469,999.<a href="https://www.seevegashomes.com/property-search/detail/95/2488059/11280-granite-ridge-dr-las-vegas-nv-89135/" target="_blank"></a>
Special things about this home:
Located in gated community with pool, spa across from the Summerlin Centre Community Park and Village Green Park.
A desirable floor plan by homebuilder Pulte Homes providing low maintenance living
Just east of Downtown Summerlin with tons of shopping and dining options.
2023-10-13T17:37:00-07:002023-11-09T19:12:35-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:311409065 Big Plantation Avenue, Las Vegas, Nevada 89143
<img src="https://assets.site-static.com/userfiles/742/image/Featured_Listing_Spring_Mountain_Ranch_89143_seevegashomes.jpg" width="940" height="788" alt="Featured_Listing_Spring_Mountain_Ranch_89143_seevegashomes" />
<a href="https://l.facebook.com/l.php?u=https%3A%2F%2Flooksee.it%2F5mLUW%3Ffbclid%3DIwAR35xvOnLA0UyZqJf0XYpcJeg0H-aiGraJ83AD_sE8DvN7aKiNQ-3C8Z8zQ&h=AT12VEWa-RPuNTCtJjfowX55UIDycY6n2WoucC4lgQmJ2arIxEvRYQumFsejmAauiHrdAXgQGZdaXT020zwBe9zJKz7CW-hd_os6Z_G0BvHfnhZxcLfBV-cRXsRKwGegvK3mKn8AdWis9LO9NwTDIgLrYQ&__tn__=-UK-R&c[0]=AT3xXQ8sHkYIme4uXmUIdipDpdmQ3KKciHHvdhkQkJca4BcdZ1qN1SuTGsOAuph6g16XwBNnHxMejhD3siAiF8RDu8qAl_-sUnpmGnqwHljfe0A2P_MDy153FueAZ_b6i-iZc-U1AusigDM_cyxtv1o1uyDLv1a5RHTNDy9txMSjbQUhzCkrOA3kCia0zsqhQ-s3JlIlCcE6YLABuALWEmkWnuxWHzD8hko" target="_blank">9065 Big Plantation Avenue, Las Vegas, NV 89143</a>
This four bedroom, three bath two-story home is located in NW Las Vegas in the <a href="https://www.seevegashomes.com/spring-mountain-ranch/" target="_blank">Spring Mountain Ranch</a> neighborhood in the <a href="https://www.seevegashomes.com/zip/89143/" target="_blank">89143 zip code</a>. This home is currently listed for sale for $479,000.<a href="https://www.seevegashomes.com/property-search/detail/95/2488059/11280-granite-ridge-dr-las-vegas-nv-89135/" target="_blank"></a>
Special things about this home:
Kitchen upgrades including: Slate appliances, granite countertops, captivating stone accents & tasteful lighting details
One of the lowest priced listings with 3 car garage!
Proximity to numerous parks and both the I-95 & 215, great commute for Creech AFB or Nellis AFB
2023-10-09T17:29:00-07:002023-10-14T17:37:04-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:30750Home Price Forecasts Revised for 2023 [INFOGRAPHIC]<img src="https://assets.site-static.com/userfiles/742/image/Home-Price-Forecasts-Revised-for-2023-info_seevegashomes.jpg" width="1600" height="4364" alt="Home-Price-Forecasts-Revised-for-2023-info_seevegashomes" />
Last year, some <a href="https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/2023/mortgage-finance-forecast-aug-2023.pdf" rel="noopener noreferrer" target="_blank">housing</a> experts <a href="https://www.fanniemae.com/media/48726/display" rel="noopener noreferrer" target="_blank">projected</a> a decline in home <a href="https://twitter.com/NewsLambert/status/1671900591113609216" rel="noopener noreferrer" target="_blank">prices</a> by the end of 2023. But that didn’t happen – inventory was just too <a href="https://www.mykcm.com/2023/08/25/todays-housing-market-has-only-half-the-usual-inventory-infographic/" rel="noopener noreferrer" target="_blank">low</a>.
While it’s normal for <a href="https://twitter.com/NewsLambert/status/1671556169712672768" rel="noopener noreferrer" target="_blank">experts</a> to re-forecast throughout the year, the <a href="https://www.zillow.com/research/housing-market-challenges-32923/" rel="noopener noreferrer" target="_blank">good news</a> for 2023 is that <a href="https://www.mykcm.com/2023/09/05/expert-home-price-forecasts-revised-up-for-2023/" rel="noopener noreferrer" target="_blank">prices</a> are no longer <a href="https://twitter.com/NewsLambert/status/1686959362563092480" rel="noopener noreferrer" target="_blank">projected</a> to decrease.
Let’s <a href="https://www.mykcm.com/2023/08/23/why-you-need-a-true-expert-in-todays-housing-market/" rel="noopener noreferrer" target="_blank">connect</a> so you know what’s <a href="https://twitter.com/NewsLambert/status/1691799764466008217" rel="noopener noreferrer" target="_blank">happening</a> with home <a href="https://pulsenomics.com/surveys/#home-price-expectations" rel="noopener noreferrer" target="_blank">values</a> in our local area.
2023-09-24T17:13:00-07:002023-09-25T17:18:44-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:30753Just Sold in The Orchards<img src="https://assets.site-static.com/userfiles/742/image/Just_Sold_The_Orchards_Las_Vegas_Jasmine_Bega_SeeVegasHomes.jpg" width="1410" height="1182" alt="Just_Sold_The_Orchards_Las_Vegas_Jasmine_Bega_SeeVegasHomes" />2023-09-15T20:22:00-07:002023-09-25T20:25:56-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:30752Being with a Pre-Approval<img src="https://assets.site-static.com/userfiles/742/image/Mortgage-questions-to-ask_start_with_preapproval_seevegashomes.jpg" width="900" height="600" alt="Mortgage-questions-to-ask_start_with_preapproval_seevegashomes" />
If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s <a href="https://www.mykcm.com/2023/06/07/the-main-reason-mortgage-rates-are-so-high/" rel="noopener noreferrer" target="_blank">mortgage rates</a> and rising <a href="https://www.mykcm.com/2023/09/08/home-price-forecasts-revised-for-2023-infographic/" rel="noopener noreferrer" target="_blank">home prices</a>. At the same time, there’s a <a href="https://www.mykcm.com/2023/09/14/why-is-housing-inventory-so-low/" rel="noopener noreferrer" target="_blank">limited number of homes</a> on the market right now and that’s creating some competition among buyers. But, if you’re strategic, there are ways to navigate these waters. The first thing you’ll want to do is get pre-approved for a mortgage. That way you’ll know your numbers and can set yourself up for success from the start of your home search.
What Pre-Approval Does for You
To understand why it’s such an important step, you need to know what pre-approval is. As part of the homebuying process, a lender looks at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you know how much money you can borrow. Freddie Mac <a href="https://myhome.freddiemac.com/blog/homebuying/how-do-i-get-pre-approved-mortgage" rel="noopener noreferrer" target="_blank">explains</a> it like this:
“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”
Basically, pre-approval gives you critical information about the homebuying process that’ll help you understand how much you may be able to borrow. Why does this help you, especially today? With higher <a href="https://www.mykcm.com/2023/09/06/mortgage-rates-past-present-and-possible-future/" rel="noopener noreferrer" target="_blank">mortgage rates</a> and <a href="https://www.mykcm.com/2023/08/11/home-prices-are-back-on-the-rise-infographic/" rel="noopener noreferrer" target="_blank">home prices</a> impacting affordability for many buyers right now, a solid understanding of your numbers is even more important so you can truly wrap your head around your options.
Pre-Approval Helps Show Sellers You’re a Serious Buyer
Let’s face it, there are more buyers looking to buy than there are homes available for sale and that imbalance is creating some competition among homebuyers. That means you could see yourself in a multiple-offer scenario when you make an offer on a home. But getting pre-approved for a mortgage can help you stand out from other hopeful buyers.
As an article from Wall Street Journal (WSJ) <a href="https://www.wsj.com/buyside/personal-finance/mortgage-pre-approval-25dd076c" rel="noopener noreferrer" target="_blank">says</a>:
“If you plan to use a mortgage for your home purchase, preapproval should be among the first steps in your search process. Not only can getting preapproved help you zero in on the right price range, but it can give you a leg up on other buyers, too.”
Pre-approval shows the seller you’re a serious buyer that’s already undergone a credit and financial check, making it more likely that the sale will move forward without unexpected delays or financial issues.
Bottom Line
Getting pre-approved is an important first step when you’re buying a home. The more prepared you are, the better chance you have of getting the home you want. Connect with a trusted lender so you have the tools you need to purchase a home in today’s market.
2023-09-08T20:19:00-07:002023-09-25T20:31:55-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:299847456 Tinley Creek Avenue, Las Vegas, Nevada 89113<img src="https://assets.site-static.com/userfiles/742/image/Featured_Listing_Chelsea_Creek_Las_Vegas_89113_seevegashomes.jpg" width="940" height="788" alt="Featured_Listing_Chelsea_Creek_Las_Vegas_89113_seevegashomes" />
<a href="https://www.seevegashomes.com/property-search/detail/95/2521847/7456-tinley-creek-ave-las-vegas-nv-89113/" target="_blank">7456 Tinley Creek Avenue, Las Vegas, NV 89113</a>
This four bedroom, two and a half bath two-story home is located in SW Las Vegas in the Chelsea Creek neighborhood in the 89113 zip code. This home is currently listed for sale for $600,000.<a href="https://www.seevegashomes.com/property-search/detail/95/2488059/11280-granite-ridge-dr-las-vegas-nv-89135/" target="_blank"></a>
Special things about this home:
Luxury kitchen upgrades including: lighting above & below cabinets, beautiful backsplash, new stainless steel appliances & an oversized island
Newly built in 2021!
Finished backyard with covered patio and pavers
2023-08-25T11:38:00-07:002023-08-26T11:45:11-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:2983211553 Cedar Shore Avenue, Las Vegas, Nevada 89138<img src="https://assets.site-static.com/userfiles/742/image/Featured_Listing_Redpoint_Square_Summerlin_89138_seevegashomes.jpg" width="940" height="788" alt="Featured_Listing_Redpoint_Square_Summerlin_89138_seevegashomes" />
<a href="https://www.seevegashomes.com/property-search/detail/95/2518128/11553-cedar-shore-ave-las-vegas-nv-89138/" target="_blank">11553 Cedar Shore Avenue, Las Vegas, NV 89138</a>
This three bedroom, two and a half bath two-story townhome is located in NW Las Vegas in the Redpoint Square in Summerlin neighborhood in the 89138 zip code. This townhome is currently listed for sale for $550,000.<a href="https://www.seevegashomes.com/property-search/detail/95/2488059/11280-granite-ridge-dr-las-vegas-nv-89135/" target="_blank"></a>
Special things about this condo:
Luxury upgrades including: Quartz countertops & backsplash, Monogram Property appliances & hardwood flooring
Newly built in 2022!
Available fully furnished (indoor & outdoor) including all audio/video, home automation, appliances, artwork & accessories - outside of escrow
2023-08-19T12:40:08-07:002023-08-19T12:51:52-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:2983111280 Granite Ridge Drive Unit#1031, Las Vegas, Nevada 89135<img src="https://assets.site-static.com/userfiles/742/image/Featured_Listing_Fairway_Hills_Summerlin_89135_seevegashomes.jpg" width="940" height="788" alt="Featured_Listing_Fairway_Hills_Summerlin_89135_seevegashomes" />
<a href="https://www.seevegashomes.com/property-search/detail/95/2488059/11280-granite-ridge-dr-las-vegas-nv-89135/" target="_blank">11280 Granite Ridge Drive #1031, Las Vegas, NV 89135</a>
This three bedroom, two and a half bath two-story condo is located in SW Las Vegas in the Fairway Hills in Summerlin neighborhood in the 89135 zip code. This condo is currently listed for sale for $1,345,000.<a href="https://www.seevegashomes.com/property-search/detail/95/2488059/11280-granite-ridge-dr-las-vegas-nv-89135/" target="_blank"></a>
Special things about this condo:
3 tiled balconies offering partial Las Vegas Strip view with mountain sunsets
Two 146 bottle Sub Zero win coolers in bar area
A 2 car garage with a secured lobby & elevator!
2023-08-13T12:28:00-07:002023-08-19T12:39:27-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:295137310 Fruitful Harvest Avenue, Las Vegas, NV 89131<img src="https://assets.site-static.com/userfiles/742/image/Just_Listed_7310_Fruitful_Harvest_Las_Vegas_NV_89131_seevegashomes.jpg" width="940" height="788" alt="Just_Listed_7310_Fruitful_Harvest_Las_Vegas_NV_89131_seevegashomes" />2023-08-04T00:00:00-07:002023-08-03T22:01:34-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:29514How Inflation Affects Mortgage Rates<img src="https://assets.site-static.com/userfiles/742/image/20230803-How-Inflation-Affects-Mortgage-Rates_seevegashomes.jpg" width="750" height="410" alt="20230803-How-Inflation-Affects-Mortgage-Rates_seevegashomes" />
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here's what you need to know.
The Fed is trying hard to reduce <a href="https://www.mykcm.com/2023/06/23/homeownership-helps-protect-you-from-inflation-infographic/" rel="noopener noreferrer" target="_blank">inflation</a>. And even though there’s been 12 straight months where inflation has cooled (see graph below), the most recent <a href="https://www.bls.gov/news.release/cpi.nr0.htm" rel="noopener noreferrer" target="_blank">data</a> shows it’s still higher than the Fed’s target of 2%:
<img src="https://assets.site-static.com/userfiles/742/image/20230803-Inflation-Continues-Moderating_seevegashomes.png" width="960" height="720" alt="20230803-Inflation-Continues-Moderating_seevegashomes" />
While you may have been hoping the Fed would stop their hikes since they’re making progress on their goal of bringing down inflation, they don’t want to stop too soon, and risk inflation climbing back up as a result. Because of this, the Fed decided to increase the Federal Funds Rate again last week. As Jerome Powell, Chairman of the Fed, <a href="https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20230726.pdf" rel="noopener noreferrer" target="_blank">says</a>:
“We remain committed to bringing inflation back to our 2 percent goal and to keeping longer-term inflation expectations well anchored.”
Greg McBride, Senior VP, and Chief Financial Analyst at Bankrate, <a href="https://www.nbcnews.com/business/economy/interest-rate-hike-july-2023-how-much-higher-federal-reserve-rcna96210" rel="noopener noreferrer" target="_blank">explains</a> how high inflation and a strong economy play into the Fed’s recent decision:
“Inflation remains stubbornly high. The economy has been remarkably resilient, the labor market is still robust, but that may be contributing to the stubbornly high inflation. So, Fed has to pump the brakes a bit more.”
Even though a Federal Fund Rate hike by the Fed doesn’t directly dictate what happens with mortgage rates, it does have an impact. As a recent article from Fortune <a href="https://fortune.com/recommends/mortgages/what-fed-rate-hikes-mean-for-mortgage-rates/" rel="noopener noreferrer" target="_blank">says</a>:
“The federal funds rate is an interest rate that banks charge other banks when they lend one another money . . . When inflation is running high, the Fed will increase rates to increase the cost of borrowing and slow down the economy. When it’s too low, they’ll lower rates to stimulate the economy and get things moving again.”
How All of This Affects You
In the simplest sense, when inflation is high, <a href="https://www.mykcm.com/2023/07/19/explaining-todays-mortgage-rates/" rel="noopener noreferrer" target="_blank">mortgage rates</a> are also high. But, if the Fed succeeds in bringing down inflation, it could ultimately lead to lower mortgage rates, making it more affordable for you to buy a home.
This graph helps illustrate that point by showing that when <a href="https://www.bls.gov/cpi/" rel="noopener noreferrer" target="_blank">inflation</a> decreases, <a href="https://www.freddiemac.com/pmms/archive" rel="noopener noreferrer" target="_blank">mortgage rates</a> typically go down, too (see graph below):
<img src="https://assets.site-static.com/userfiles/742/image/20230803-Mortgage-Rates-Follow-Behind-Inflation_seevegashomes.png" width="960" height="720" alt="20230803-Mortgage-Rates-Follow-Behind-Inflation_seevegashomes" />
As the data above shows, inflation (shown in the blue trend line) is slowly coming down and, based on historical trends, mortgage rates (shown in the green trend line) are <a href="https://www.mykcm.com/2023/07/05/two-questions-to-ask-yourself-if-youre-considering-buying-a-home/" rel="noopener noreferrer" target="_blank">likely to follow</a>. McBride <a href="https://www.cnet.com/personal-finance/mortgages/mortgage-refinance-rates-for-july-26-2023-rates-advance/" rel="noopener noreferrer" target="_blank">says</a> this about the future of mortgage rates:
“With the backdrop of easing inflation pressures, we should see more consistent declines in mortgage rates as the year progresses, particularly if the economy and labor market slow noticeably.”
Bottom Line
What happens to mortgage rates depends on inflation. If inflation cools down, mortgage rates should go down too. Let's talk so you can get expert advice on housing market changes and what they mean for you.
2023-08-02T20:22:00-07:002023-08-03T20:30:39-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:29515Key Housing Market Trends [INFOGRAPHIC]<img src="https://assets.site-static.com/userfiles/742/image/Key-Housing-Market-Trends-MEM_7-28-2023_seevegashomes.jpg" width="1300" height="3982" alt="Key-Housing-Market-Trends-MEM_7-28-2023_seevegashomes" />
Some Highlights
If you’re considering buying or selling a <a href="https://www.mykcm.com/2023/07/03/evaluating-your-wants-and-needs-as-a-homebuyer-matters-more-today/" rel="noopener noreferrer" target="_blank">home</a>, you’ll want to know what’s <a href="https://www.realtor.com/research/june-2023-data/" rel="noopener noreferrer" target="_blank">happening</a> in the housing market.
Housing <a href="https://www.mykcm.com/2023/07/06/todays-housing-inventory-is-a-sweet-spot-for-sellers/" rel="noopener noreferrer" target="_blank">inventory</a> is still very low, <a href="https://www.spglobal.com/spdji/en/index-announcements/article/sp-corelogic-case-shiller-index-continued-gains-in-april/" rel="noopener noreferrer" target="_blank">prices</a> are <a href="https://www.nar.realtor/newsroom/existing-home-sales-retreated-3-3-in-june-monthly-median-sales-price-reached-second-highest-amount" rel="noopener noreferrer" target="_blank">climbing</a> back up, and homes are selling fast when priced right.
If you want more information about our local area and what the <a href="https://cdn.nar.realtor/sites/default/files/documents/2023-06-realtors-confidence-index-07-20-2023.pdf" rel="noopener noreferrer" target="_blank">trends</a> mean for your plans to <a href="https://www.mykcm.com/2023/07/05/two-questions-to-ask-yourself-if-youre-considering-buying-a-home/" rel="noopener noreferrer" target="_blank">buy</a> or sell, let’s connect.
2023-07-28T20:30:00-07:002023-08-03T22:05:15-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:29422Just Sold in Blackhorse<img src="https://assets.site-static.com/userfiles/742/image/Just_Sold_Blackhorse_Las_Vegas_89122_seevegashomes.jpg" width="940" height="788" alt="Just_Sold_Blackhorse_Las_Vegas_89122_seevegashomes" />2023-07-25T20:54:00-07:002023-07-30T20:59:05-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:29171Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]<img src="https://assets.site-static.com/userfiles/742/image/Low-Housing-Inventory-Is-a-Sweet-Spot-for-Sellers_seevegashomes.png" width="1300" height="3672" alt="Low-Housing-Inventory-Is-a-Sweet-Spot-for-Sellers_seevegashomes" />
Some Highlights
Today’s housing <a href="https://www.mykcm.com/2023/07/06/todays-housing-inventory-is-a-sweet-spot-for-sellers/" rel="noopener noreferrer" target="_blank">inventory</a> is still well below more <a href="https://news.move.com/2023-06-29-Realtor-com-R-June-Housing-Report-Home-Prices-Post-Their-First-Annual-Decline-Since-Before-2017" rel="noopener noreferrer" target="_blank">normal years</a>.
This low inventory is why homes that are priced right are still <a href="https://cdn.nar.realtor/sites/default/files/documents/2023-05-realtors-confidence-index-06-22-2023.pdf" rel="noopener noreferrer" target="_blank">selling</a> quickly and seeing multiple offers.
If you want to <a href="https://www.mykcm.com/2023/07/10/reasons-your-home-may-not-be-selling/" rel="noopener noreferrer" target="_blank">sell</a> your house, now is a great time because <a href="https://www.realtor.com/research/data/" rel="noopener noreferrer" target="_blank">inventory</a> is still low. Let’s <a href="https://www.mykcm.com/2023/06/30/key-reasons-to-use-a-real-estate-agent-when-you-sell-infographic/" rel="noopener noreferrer" target="_blank">connect</a> to start the <a href="https://www.mykcm.com/2023/06/26/the-true-cost-of-selling-your-house-on-your-own/" rel="noopener noreferrer" target="_blank">process</a>.
2023-07-14T08:49:00-07:002023-07-15T08:53:06-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:2911210267 Timberline Valley Avenue, Las Vegas, Nevada 89166<img src="https://assets.site-static.com/userfiles/742/image/Featured_Listing_10267_Timberline_Valley_Avenue_Las_Vegas_Nevada_89166_seevegashomes.jpg" width="940" height="788" alt="Featured_Listing_10267_Timberline_Valley_Avenue_Las_Vegas_Nevada_89166_seevegashomes" />
<a href="https://www.seevegashomes.com/property-search/detail/95/2496662/10267-timberline-valley-ave-las-vegas-nv-89166/?regtype=out&tlid=018375a391cb41809685a0aac14983b7" target="_blank">10267 Timberline Valley Avenue, Las Vegas, NV 89166</a>
This five bedroom, four and a half bath two-story home is located in NW Las Vegas in the 89166 zip code. This home is currently listed for sale for $775,000.
Special things about this home:
A completed backyard with beautiful swimming pool with waterfall!
Skye Canyon Community amentities including: multiple pools, spa, events, clubhouse and fitness center.
A downstairs bedroom with a full-bath for multi-gen living or guests!
2023-07-12T09:08:59-07:002023-07-12T09:14:58-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:29111The Benefits of Downsizing for Homeowners [INFOGRAPHIC]<img src="https://assets.site-static.com/userfiles/742/image/The-Benefits-of-Downsizing-for-Homeowners_seevegashomes.jpg" width="1300" height="3910" alt="The-Benefits-of-Downsizing-for-Homeowners_seevegashomes" />
Some Highlights
Downsizing is a popular choice for homeowners when they retire or when their <a href="https://www.mykcm.com/2023/06/13/your-needs-matter-more-than-todays-mortgage-rates/" rel="noopener noreferrer" target="_blank">needs</a> change, but with inflation still high, it’s also a way to reduce costs.
Downsizing could help cut <a href="https://www.realtor.com/advice/move/how-to-downsize-your-home-with-zero-regrets/" rel="noopener noreferrer" target="_blank">down</a> on your <a href="https://www.mykcm.com/2023/06/21/eco-friendly-energy-efficient-homes-attract-buyers/" rel="noopener noreferrer" target="_blank">expenses</a> and your <a href="https://www.mykcm.com/2023/06/14/a-drop-in-equity-doesnt-mean-low-equity/" rel="noopener noreferrer" target="_blank">equity</a> can <a href="https://www.corelogic.com/intelligence/homeowner-equity-insights-q1-2023/" rel="noopener noreferrer" target="_blank">fuel</a> your move.
If you’re thinking about <a href="https://www.mykcm.com/2023/06/26/the-true-cost-of-selling-your-house-on-your-own/" rel="noopener noreferrer" target="_blank">moving</a> to a smaller home, let’s <a href="https://www.mykcm.com/2023/06/30/key-reasons-to-use-a-real-estate-agent-when-you-sell-infographic/" rel="noopener noreferrer" target="_blank">connect</a> to go over your housing <a href="https://www.mykcm.com/2023/06/15/why-buying-or-selling-a-home-helps-the-economy-and-your-community/" rel="noopener noreferrer" target="_blank">goals</a> and <a href="https://www.mykcm.com/2023/06/29/where-will-you-go-if-you-sell-newly-built-homes-might-be-the-answer/" rel="noopener noreferrer" target="_blank">look</a> at your options on our local market.
2023-07-10T09:06:00-07:002023-07-15T09:57:48-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:294233504 Glorious Iris Place Unit#3, North Las Vegas, Nevada 89084<img src="https://assets.site-static.com/userfiles/742/image/Just_Listed_3504_Glorious_Iris_3_North_Las_Vegas_seevegashomes.jpg" width="940" height="788" alt="Just_Listed_3504_Glorious_Iris_3_North_Las_Vegas_seevegashomes" />
<a href="https://looksee.it/90RV9" target="_blank">3504 Glorious Iris #3, North Las Vegas, NV 89084</a>
This three bedroom, two and half bath townhome is located in the master-planned community of Aliante located in North Las Vegas in the 89084 zip code. This townhome is located in the Courts at Aliante gated neighborhood and is currently listed for $325,000 <a href="https://looksee.it/90RV9" target="_blank"></a>
Special things about this townhome:
2 car garage with entry and private backyard!
Unit is just across from the community pool and park.
Minutes from the 215, shopping, dining and the multiple parks in Aliante
2023-07-09T20:59:00-07:002023-07-30T21:05:09-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:288998985 South Durango Drive Unit#1119, Las Vegas, Nevada 89113<img src="https://assets.site-static.com/userfiles/742/image/Just_Listed_8985_South_Durango_Drive_Unit1119_Las_Vegas_Nevada_89113_seevegashomes.jpg" width="940" height="788" alt="Just_Listed_8985_South_Durango_Drive_Unit1119_Las_Vegas_Nevada_89113_seevegashomes" />
<a href="https://looksee.it/90RV9" target="_blank">10225 King Henry #201, Las Vegas, NV 89144</a>
This three bedroom, two bath condominium is located in southwest Las Vegas in the 89113 zip code. This condo is located in the Sunset Cliffs gated community and is currently listed for $310,000 <a href="https://looksee.it/90RV9" target="_blank"></a>
Special things about this condo:
10 foot ceilings with newer paint and lamiate wood flooring throughout
Community amentities including: 2 pools, spa, fitness center & guest parking
Minutes from the 215, shopping, dining and the coming soon Durango Casino & Resort!
2023-06-28T16:05:18-07:002023-06-28T17:20:04-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:28902Lending Standards Are Not Like They Were Leading Up to the Crash
You might be worried we’re heading for a <a href="https://www.mykcm.com/2023/05/09/why-todays-housing-market-is-not-about-to-crash/" rel="noopener noreferrer" target="_blank">housing crash</a>, but there are many reasons why this housing <a href="https://www.mykcm.com/2023/06/08/this-real-estate-market-is-the-strongest-of-our-lifetime/" rel="noopener noreferrer" target="_blank">market</a> isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it.
Every month, the Mortgage Bankers Association (MBA) releases the <a href="https://www.mba.org/news-and-research/newsroom/news/2022/05/10/mortgage-credit-availability-decreased-in-april" rel="noopener noreferrer" target="_blank">Mortgage Credit Availability Index</a> (MCAI). According to their website:
“The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.”
Basically, the index determines how easy it is to get a mortgage. Take a look at the graph below of the MCAI since they started keeping track of this data in 2004. It shows how lending standards have changed over time. It works like this:
When lending standards are less strict, it’s easier to get a mortgage, and the index (the green line in the graph) is higher.
When lending standards are stricter, it’s harder to get a mortgage, and the line representing the index is lower.
<img src="https://assets.site-static.com/userfiles/742/image/Lending_Standards_Are_Not_Like_They_Were_Leading_Up_to_the_Crash_seevegashomes.jpg" width="1080" height="1080" alt="Lending_Standards_Are_Not_Like_They_Were_Leading_Up_to_the_Crash_seevegashomes" />
In 2004, the index was around 400. But, by 2006, it had gone up to over 850. Today, the story is quite different. Since the crash, the index went down because lending standards got tighter, so today it’s harder to get a mortgage.
Loose Lending Standards Contributed to the Housing Bubble
One of the main factors that contributed to the housing bubble was that lending standards were a lot less strict back then. Realtor.com <a href="https://www.realtor.com/news/trends/is-the-housing-market-in-a-bubble-how-indicators-today-compare-with-the-great-recession/" rel="noopener noreferrer" target="_blank">explains</a> it like this:
“In the early 2000s, it wasn’t exactly hard to snag a home mortgage. . . . plenty of mortgages were doled out to people who lied about their incomes and employment, and couldn’t actually afford homeownership.”
The tall peak in the graph above indicates that leading up to the housing crisis, it was much easier to get credit, and the requirements for getting a loan were far from strict. Back then, credit was widely available, and the threshold for qualifying for a loan was low.
Lenders were approving loans without always going through a verification process to confirm if the borrower would likely be able to repay the loan. That means creditors were lending to more borrowers who had a higher risk of defaulting on their loans.
Today’s Loans Are Much Tougher To Get than Before
As mentioned, lending standards have changed a lot since then. Bankrate <a href="https://www.bankrate.com/real-estate/is-the-housing-market-about-to-crash/#reasons" rel="noopener noreferrer" target="_blank">describes</a> the difference:
“Today, lenders impose tough standards on borrowers – and those who are getting a mortgage overwhelmingly have excellent credit.”
If you look back at the graph, you’ll notice after the peak around the time of the housing crash, the line representing the index went down dramatically and has stayed low since. In fact, the line is far below where standards were even in 2004 – and it’s getting lower. Joel Kan, VP and Deputy Chief Economist at MBA, <a href="https://www.mba.org/news-and-research/research-and-economics/single-family-research/mortgage-credit-availability-index-x241340/2023/06/13/mortgage-credit-availability-decreased-in-may" rel="noopener noreferrer" target="_blank">provides</a> the most recent update from May:
“Mortgage credit availability decreased for the third consecutive month . . . With the decline in availability, the MCAI is now at its lowest level since January 2013.”
The decreasing index suggests standards are getting much tougher – which makes it clear we’re far away from the extreme lending practices that contributed to the crash.
Bottom Line
Leading up to the housing crash, lending standards were much more relaxed with little evaluation done to measure a borrower’s potential to repay their loan. Today, standards are tighter, and the risk is reduced for both lenders and borrowers. This goes to show, these are two very different housing markets, and this market isn’t like the last time.
<a href="https://www.mykcm.com/blog" class="router-link-active"><br /></a>2023-06-27T17:26:00-07:002023-06-28T17:31:07-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:28825Just Sold in Cobblestone Ridge<img src="https://assets.site-static.com/userfiles/742/image/Just_Sold_Cobblestone_Ridge_North_Las_Vegas_NV_89081_seevegashomes.jpg" width="940" height="788" alt="Just_Sold_Cobblestone_Ridge_North_Las_Vegas_NV_89081_seevegashomes" />2023-06-26T17:16:40-07:002023-07-30T20:59:16-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:28722Saving for a Down Payment? Here’s What You Need To Know.If you're planning to buy your <a href="https://www.mykcm.com/2023/05/31/keys-to-success-for-first-time-homebuyers/" rel="noopener noreferrer" target="_blank">first home</a>, then you're probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how much you need to save for that, it may be because you believe you must put 20% down. That doesn’t necessarily have to be the case. As the National Association of Realtors (NAR) <a href="https://www.nar.realtor/blogs/economists-outlook/tackling-home-financing-and-down-payment-misconceptions" rel="noopener noreferrer" target="_blank">notes</a>:
“One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership.”
And a recent Freddie Mac survey <a href="https://myhome.freddiemac.com/buying/down-payments-and-pmi" rel="noopener noreferrer" target="_blank">finds</a>:
“. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the largest perceived barriers to achieving homeownership.”
Here’s the good news. Unless specified by your loan type or lender, it’s typically not required to put 20% down. This means you could be closer to your homebuying dream than you realize.
According to NAR, the <a href="https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers" rel="noopener noreferrer" target="_blank">median down payment</a> hasn’t been over 20% since 2005. In fact, the median down payment for all homebuyers today is only 14%. And it’s even lower for first-time homebuyers at just 6% (see graph below):
<img src="https://assets.site-static.com/userfiles/742/image/Median_Downpayment_seevegashomes.jpg" width="1000" height="870" alt="Median_Downpayment_seevegashomes" />
What does this mean for you? It means you may not need to save as much as you originally thought.
Learn About Options That Can Help You Toward Your Goal
And it’s not just how much you need for your down payment that isn’t clear. There are also misconceptions about down payment assistance programs. For starters, many people believe there’s only assistance available for first-time homebuyers. While first-time buyers have many options to explore, repeat buyers have some, too.
According to <a href="https://downpaymentresource.com/" rel="noopener noreferrer" target="_blank">Down Payment Resource</a>, there are over 2,000 homebuyer assistance programs in the U.S., and the majority are intended to help with down payments. That same resource goes on to say:
“You don’t have to be a first-time buyer. Over 38% of all programs are for repeat homebuyers who have owned a home in the last 3 years.”
Plus, there are even loan types, like <a href="https://www.hud.gov/buying/loans" rel="noopener noreferrer" target="_blank">FHA loans</a> with down payments as low as <a href="https://www.benefits.gov/benefit/504" rel="noopener noreferrer" target="_blank">3.5%</a> as well as options like <a href="https://www.va.gov/housing-assistance/home-loans/loan-types/" rel="noopener noreferrer" target="_blank">VA loans</a> and <a href="https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-guaranteed-loan-program" rel="noopener noreferrer" target="_blank">USDA loans</a> with no down payment requirements for qualified applicants.
If you’re interested in learning more about down payment assistance programs, information is available through sites like <a href="https://downpaymentresource.com/" rel="noopener noreferrer" target="_blank">Down Payment Resource</a>. Then, partner with a trusted lender to learn what you qualify for on your <a href="https://www.mykcm.com/2023/06/01/the-true-value-of-homeownership/" rel="noopener noreferrer" target="_blank">homebuying</a> journey.
Bottom Line
Remember, a 20% down payment isn’t always required. If you want to purchase a home this year, let’s connect to start the conversation about your homebuying goals.
2023-06-20T17:08:05-07:002023-06-20T17:13:16-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:28672How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC]<img src="https://assets.site-static.com/userfiles/742/image/How_Owning_a_Home_Grows_Your_Wealth_with_Time_INFOGRAPHIC_seevegashomes.png" width="1300" height="2956" alt="How_Owning_a_Home_Grows_Your_Wealth_with_Time_INFOGRAPHIC_seevegashomes" />
Some Highlights
If you’re thinking of <a href="https://www.mykcm.com/2023/05/23/why-buying-a-vacation-home-beats-renting-one-this-summer/" rel="noopener noreferrer" target="_blank">buying</a> a home this year, be sure to <a href="https://www.mykcm.com/2023/06/06/real-estate-is-still-considered-the-best-long-term-investment-1/" rel="noopener noreferrer" target="_blank">factor</a> in the long-term <a href="https://www.mykcm.com/2023/06/01/the-true-value-of-homeownership/" rel="noopener noreferrer" target="_blank">benefits</a> of homeownership.
Over time, <a href="https://www.mykcm.com/2023/06/02/reasons-to-own-your-home-infographic/" rel="noopener noreferrer" target="_blank">homeownership</a> allows you to build equity. On average, nationwide <a href="https://www.mykcm.com/2023/06/05/oops-home-prices-didnt-crash-after-all/" rel="noopener noreferrer" target="_blank">home prices</a> appreciated by <a href="https://www.fhfa.gov/DataTools/Tools/Pages/House-Price-Index-(HPI).aspx" rel="noopener noreferrer" target="_blank">290.2%</a> over the last 32 years.
That means your net worth can <a href="https://www.mykcm.com/2023/05/15/homeowners-have-incredible-equity-to-leverage-right-now/" rel="noopener noreferrer" target="_blank">grow</a> significantly in the long term when you own a home. Let’s <a href="https://www.mykcm.com/2023/05/22/why-buyers-need-an-expert-agent-by-their-side/" rel="noopener noreferrer" target="_blank">connect</a> so you can start your homebuying journey today.
2023-06-18T11:01:58-07:002023-06-18T11:04:06-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:27436The Impact of Changing Mortgage Rates [INFOGRAPHIC]<img src="https://assets.site-static.com/userfiles/742/image/The_Impact_of_Changing_Mortgage_Rates_seevegashomes.jpg" width="1300" height="2511" alt="The Impact of Changing Mortgage Rates seevegashomes" />
Some Highlights
If you’re looking to <a href="https://www.mykcm.com/2023/05/01/why-buying-a-home-makes-more-sense-than-renting-today/" rel="noopener noreferrer" target="_blank">buy</a> a home, you should know even a small change in mortgage rates has an <a href="https://tradingeconomics.com/united-states/average-mortgage-size" rel="noopener noreferrer" target="_blank">impact</a> on your <a href="https://www.mykcm.com/2023/04/03/how-changing-mortgage-rates-can-affect-you/" rel="noopener noreferrer" target="_blank">purchasing power</a>.
These charts show how <a href="https://www.mykcm.com/2023/05/10/the-impact-of-inflation-on-mortgage-rates/" rel="noopener noreferrer" target="_blank">rates</a> generally affect your <a href="https://www.mortgagecalculator.net/" rel="noopener noreferrer" target="_blank">monthly payment</a>.
The best way to <a href="https://www.mykcm.com/2023/04/28/ways-to-overcome-affordability-challenges-in-todays-housing-market-infographic/" rel="noopener noreferrer" target="_blank">navigate</a> changing <a href="https://www.mykcm.com/2023/04/26/the-three-factors-affecting-home-affordability-today/" rel="noopener noreferrer" target="_blank">mortgage rates</a> and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.
2023-05-20T13:37:05-07:002023-05-20T13:39:57-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:27211It May Be Time To Consider a Newly Built Home
<img src="https://assets.site-static.com/userfiles/742/image/5-2023_It_May_Be_Time_To_Consider_a_Newly_Built_Home_seevegashomes.jpg" width="750" height="410" alt="5-2023_It_May_Be_Time_To_Consider_a_Newly_Built_Home_seevegashomes" />
If you’re looking to <a href="https://www.mykcm.com/2023/04/06/trying-to-buy-a-home-hang-in-there/" rel="noopener noreferrer" target="_blank">buy a house</a>, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home.
According to the <a href="https://www.census.gov/construction/nrc/pdf/newresconst.pdf" rel="noopener noreferrer" target="_blank">latest data</a> from the U.S. Census, there’s positive news when it comes to new home construction. When you look at the first three months of this year, you’ll find:
More new homes were completed and are ready to sell. This gives you more move-in-ready options for your search.
Builders broke ground and started construction on more single-family homes. This means there are more homes intended for one household in the beginning stages of construction, allowing you the opportunity to customize one to your liking.
The number of permits for building new single-family homes ticked up. This shows builders are ramping up to start on even more home construction soon.
Builders have been buying down mortgage rates for customers, there is also the possibility of the builder contributing towards your closing costs and/or upgrades!
And, while this is all good news for broadening your options for your home search, there are other perks that come with considering a newly built home.
Customization
When you buy a new home under construction, you can tailor it to your unique needs and taste. Bankrate <a href="https://www.bankrate.com/mortgages/build-or-buy-a-house/#building" rel="noopener noreferrer" target="_blank">says</a>:
“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs.”
Brand New Everything
Another perk of a new home is that nothing in the house is used. It’s all brand new and uniquely yours from day one.
Minimal Repairs
And, because everything is new, you’ll likely find there are fewer maintenance and repair needs up front. As Realtor.com <a href="https://www.realtor.com/advice/buy/purchasing-new-construction-for-first-time-homebuyers/" rel="noopener noreferrer" target="_blank">explains</a>:
“. . . if something does go wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”
Energy Efficiency
Lastly, building a home gives you the opportunity to incorporate more <a href="https://www.mykcm.com/2023/04/21/why-you-may-want-an-energy-efficient-home-infographic/" rel="noopener noreferrer" target="_blank">energy-efficient</a> options that can help lower your costs over time – which can feel especially important when inflation’s raising many of the costs around you.
Bottom Line
If you’re having trouble finding your dream home in today’s market, it may be time to consider newly built homes as an option. Let’s connect so you have an expert on your side to help you explore what’s available in our local area.
2023-05-08T13:16:18-07:002023-05-08T13:24:00-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:27188Just Sold in Pinehurst<img src="https://assets.site-static.com/userfiles/742/image/Just_Sold_Pinehurst_Las_Vegas_89118_seevegashomes.jpg" width="940" height="788" alt="Just_Sold_Pinehurst_Las_Vegas_89118_seevegashomes" />Congratulations to our sellers on the sale of their 2 bedroom, 2 bath condo located in southwest Las Vegas in the 89118 zip code. This condo is located in the gated Pinehurst community and sold to a cash buyer.
Special things about this condo:
Bedrooms are separate with own bathrooms, perfect for roommates and privacy.
Amenities include: 2 community pools, fitness center, playground & clubhouse
Located mins from Rainbow & 215 with tons of dining and shopping (Costco, Target & more)
For more information on selling a condo in this neighborhood or any other community in Las Vegas, contact agent Carmela Cabanero @ 702-957-1557. 2023-05-05T21:06:02-07:002023-05-05T21:10:03-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:270621420 Laughing Larkspur Avenue, North Las Vegas, NV 89081
<img src="https://assets.site-static.com/userfiles/742/image/Just_Listed_1420_Laughing_Larkspur_North_Las_Vegas_seevegashomes.png" width="940" height="788" alt="Just_Listed_1420_Laughing_Larkspur_North_Las_Vegas_seevegashomes" />
<a href="https://www.seevegashomes.com/property-search/detail/95/2492016/1420-laughing-larkspur-ave-north-las-vegas-nv-89081/" target="_blank">1420 Laughing Larkspur Avenue, North Las Vegas, NV 89081 </a>
This four bedroom, two bath single family home is located in North Las Vegas in the 89081 zip code. This home is located in the Cobblestone Ridge community and is currently listed for $435,000. <a href="https://looksee.it/90RV9" target="_blank"></a>
Special things about this home:
Double-door entry opens to open floorplan with vaulted ceilings!
Large private backyard is low maintenance
All single-story community with low HOA dues!
2023-04-29T18:07:14-07:002023-04-29T18:20:18-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:2496010225 King Henry Ave #201 Las Vegas, NV 89144
<img src="https://assets.site-static.com/userfiles/742/image/Just_Reduced_10225_King_Henry_202_Las_Vegas_seevegashomes.png" width="940" height="788" alt="Just_Reduced_10225_King_Henry_202_Las_Vegas_seevegashomes" />
<a href="https://looksee.it/90RV9" target="_blank">10225 King Henry #201, Las Vegas, NV 89144 </a>
This two bedroom, two bath condominium is located in northwest Las Vegas in the 89144 zip code. This condo is located in the Carlisle gated community in Summerlin. This condo is currently listed for $29,000. <a href="https://looksee.it/90RV9" target="_blank"></a>
Special things about this condo:
Vaulted ceilings and tons of natural light makes this 1,040 sf condo seem much larger
1-car detached garage perfect for vehicle and storage + 1-designated covered parking spot
The resort pool in Carlisle is huge compared to other comprable communities nearby!
2023-04-28T14:39:00-07:002023-04-29T18:56:27-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:26636Think Twice Before Waiting for Lower Home PricesAs the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on <a href="https://www.mykcm.com/2023/04/06/trying-to-buy-a-home-hang-in-there/" rel="noopener noreferrer" target="_blank">buying a home</a> until prices drop significantly. But that’s not always the best strategy.
A recent <a href="https://www.builderonline.com/data-analysis/what-is-the-millennial-mindset-on-owning-vs-renting_o" rel="noopener noreferrer" target="_blank">survey</a> from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, <a href="https://www.corelogic.com/intelligence/us-home-price-insights-april-2023/" rel="noopener noreferrer" target="_blank">reports</a>:
“U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.”
And the latest data from Black Knight shows the same shift. The graph below <a href="https://www.blackknightinc.com/wp-content/uploads/2023/04/BKI_MM_FEB2023_Report.pdf" rel="noopener noreferrer" target="_blank">compares</a> home price trends in November to those in February:
<img src="https://assets.site-static.com/userfiles/742/image/20230417-home-prices-up-in-majority-of-country-KCM_seevegashomes.png" width="1000" height="870" alt="20230417-home-prices-up-in-majority-of-country-KCM_seevegashomes" />
So, should you keep waiting to buy a home until prices come down? If you factor in what the experts are saying, you probably shouldn’t. The <a href="https://pulsenomics.com/surveys/#home-price-expectations" rel="noopener noreferrer" target="_blank">data</a> shows prices are increasing in much of the country, not decreasing. For the month of March 2023, Las Vegas home prices were stable with a median sales price of $425,000.
<img src="https://assets.site-static.com/userfiles/742/image/Las_Vegas_Housing_Market_Update_March_2023_seevegashomes.png" width="940" height="788" alt="Las_Vegas_Housing_Market_Update_March_2023_seevegashomes" />
The latest data from the Home Price Expectation Survey indicates that experts project home prices will rise steadily and return to more normal levels of appreciation after 2023. The best way to understand what home values are doing in your area is to work with a local real estate professional who can give you the latest insights and expert advice.
Bottom Line
If you’re waiting to buy a home until prices come down, you may want to reconsider. Let’s connect to make sure you understand what’s happening in our local housing market.
2023-04-17T10:19:23-07:002023-04-17T10:26:30-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:25935Reasons To Consider Condos in Your Home SearchAre you having trouble <a href="https://www.mykcm.com/2023/03/15/balancing-your-wants-and-needs-as-a-homebuyer-this-spring/" rel="noopener noreferrer" target="_blank">finding</a> a home that <a href="https://www.mykcm.com/2023/03/07/could-a-multigenerational-home-be-the-right-fit-for-you/" rel="noopener noreferrer" target="_blank">fits</a> your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos. According to <a href="https://www.bankrate.com/real-estate/condo-vs-apartment/#what-to-consider" rel="noopener noreferrer" target="_blank">Bankrate</a>:
“A condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you’ll build equity over time and have access to tax benefits that a renter wouldn’t.”
That’s why expanding your search to include additional housing types, like condominiums, could help you <a href="https://www.mykcm.com/2023/02/23/how-to-make-your-dream-of-homeownership-a-reality/" rel="noopener noreferrer" target="_blank">accomplish</a> your homeownership goals this spring, especially if you can be flexible about the space you need. Condos are typically smaller than a single-family home, but that’s part of what can make them more <a href="https://cdn.nar.realtor/sites/default/files/documents/ehs-02-2023-breakouts-of-single-family-condo-and-co-op-2023-03-21.pdf" rel="noopener noreferrer" target="_blank">budget-friendly</a> (see graph below):
<img src="https://assets.site-static.com/userfiles/742/image/Reasons_to_consider_condo_vs_single_family_home_seevegashomes.jpg" width="940" height="788" alt="Reasons_to_consider_condo_vs_single_family_home_seevegashomes" />
In addition to providing more options in your home search and possibly your price point, there are several other benefits to condo living. They tend to require less upkeep and lower maintenance – and that can give you more time to spend doing the things you enjoy. Plus, since many condos are in or near city centers, they offer the added benefit of being in close proximity to work and leisure.
Remember, your first home doesn’t have to be your forever home. The important thing is to get your foot in the door as a <a href="https://www.mykcm.com/2023/03/10/buying-a-home-may-make-more-sense-than-renting-infographic/" rel="noopener noreferrer" target="_blank">homeowner</a> so you can start <a href="https://www.mykcm.com/2023/03/06/is-it-really-better-to-rent-than-to-own-a-home-right-now/" rel="noopener noreferrer" target="_blank">building</a> wealth in the form of home <a href="https://www.mykcm.com/2023/02/27/one-major-benefit-of-investing-in-a-home/" rel="noopener noreferrer" target="_blank">equity</a>. In time, the equity you develop can fuel a future purchase if your needs change.
Ultimately, owning and living in a condo can be a lifestyle choice. And if that appeals to you, they could provide the added options you need in <a href="https://www.mykcm.com/2023/02/28/what-you-should-know-about-rising-mortgage-rates/" rel="noopener noreferrer" target="_blank">today’s market</a>.
Bottom Line
It could make a lot of sense to add condos to your home search. Let’s <a href="https://www.mykcm.com/2023/03/14/an-expert-gives-you-clarity-in-todays-housing-market/" rel="noopener noreferrer" target="_blank">connect</a> today if you’re ready to check out the options in our area.
<a href="https://www.mykcm.com/blog" class="router-link-active"><br /></a>2023-03-29T15:35:23-07:002023-03-29T15:41:06-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:254126650 West Warm Springs Road Unit#1149, Las Vegas, Nevada 89118<img src="https://assets.site-static.com/userfiles/742/image/Just_Listed_Pinehurst_6650_W_Warm_Springs_seevegashomes.jpg" width="940" height="788" alt="Just_Listed_Pinehurst_6650_W_Warm_Springs_seevegashomes" />
<a href="https://www.seevegashomes.com/property-search/detail/95/2467728/6650-w-warm-springs-rd-las-vegas-nv-89118/" target="_blank">6650 West Warm Springs #1149, Las Vegas, NV 89118</a>
This two bedroom, two bath condominium is located in southwest Las Vegas in the 89118 zip code. This condo is located in the gated Pinehurst community and is currently listed for $239,990.
Special things about this condo:
Bedrooms are separate with own bathrooms, perfect for roommates and privacy.
Amenities include: 2 community pools, fitness center, playground & clubhouse
Located mins from Rainbow & 215 with tons of dining and shopping (Costco, Target & more)
2023-03-17T07:00:00-07:002023-03-17T11:38:16-07:00Carmela Cabanerotag:seevegashomes.com,2012-09-20:25411What Buyer Activity Tells Us About the Housing MarketThough the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to <a href="https://realestate.usnews.com/real-estate/articles/when-will-the-housing-market-crash" rel="noopener noreferrer" target="_blank">U.S. News</a>:
“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”
That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below):
<img src="https://assets.site-static.com/userfiles/742/image/What_Buyer_Activity_Tells_Us_About_the_Housing_Market_seevegashomes.jpg" width="960" height="840" alt="What_Buyer_Activity_Tells_Us_About_the_Housing_Market_seevegashomes" />
The 62% <a href="https://www.showingtime.com/blog/january-2023-showing-index-results/" rel="noopener noreferrer" target="_blank">jump</a> in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, it’s normal for showings to increase early in the year, but the jump this January was larger than usual, and a lot of that has to do with mortgage rates. Michael Lane, VP of Sales and Industry at ShowingTime+, <a href="https://www.showingtime.com/blog/january-2023-showing-index-results/" rel="noopener noreferrer" target="_blank">explains</a>:
“It’s typical to see a seasonal increase in home showings in January as buyers get ready for the spring market, but a larger increase than any January before after last year’s rapid cooldown is significant. Mortgage rate activity this spring will play a big role in sales activity, but January’s home showings are a positive sign that buyers are getting back out there . . .”
It's important to note that mortgage rates hovered in the low 6% range in January, which played a role in the high number of showings. What does this mean? When mortgage rates eased, buyer interest climbed. The jump in home showings early this year makes one thing clear – while rates may be volatile right now, there are interested buyers out there, and when <a href="https://www.mykcm.com/2023/02/28/what-you-should-know-about-rising-mortgage-rates/" rel="noopener noreferrer" target="_blank">mortgage rates</a> are favorable, they’re ready to make their move.
Bottom Line
An increase in showing activity in January is a good sign that there are buyers who are eager to purchase a home. If you’re thinking of <a href="https://www.mykcm.com/2023/03/03/where-will-you-go-after-you-sell-your-house-infographic/" rel="noopener noreferrer" target="_blank">selling</a> your house, <a href="https://www.mykcm.com/2023/03/01/an-expert-makes-all-the-difference-when-you-sell-your-house/" rel="noopener noreferrer" target="_blank">talk</a> with your real estate agent.
2023-03-14T21:28:00-07:002023-03-17T11:38:29-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:25074Just Sold in Elan<img src="https://assets.site-static.com/userfiles/742/image/Just_Sold_Kings_Cove_Elan_Las_Vegas_89145_seevegashomes.jpg" width="940" height="788" alt="Just_Sold_Kings_Cove_Elan_Las_Vegas_89145_seevegashomes" />
Congratulations to our buyer on the purchase of their 2 bedroom, 2 bath townhome in the beautiful <a href="https://www.seevegashomes.com/elan/" target="_blank">Elan</a> community located in Northwest Las Vegas. This townhome sold for $276,000.
Special things about this townhome:
Single story floorplan with an attached 2-car garage with entry and a full driveway.
This community features both condominums and townhomes and is FHA approved!
Conveniently located near tons of shopping and dining in Summerlin, as well as easy access to both the Summerlin Parkway and I-95
For more information on purchasing in this neighborhood or anyother community in Las Vegas, contact agent Carmela Cabanero @ 702-957-1557. 2023-03-03T15:46:00-07:002023-03-07T15:53:25-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:24961 Where Will You Go After You Sell Your House?<img src="https://assets.site-static.com/userfiles/742/image/where_Will_You_Go_After_You_Sell_Your_House_3-2023_seevegashomes.jpg" width="1046" height="2174" alt="where_Will_You_Go_After_You_Sell_Your_House_3-2023_seevegashomes" />
Some Highlights
If you’re thinking of <a href="https://www.mykcm.com/2023/03/01/an-expert-makes-all-the-difference-when-you-sell-your-house/" title="selling">selling</a> your house, be sure to explore all the options you have for your next home.
Both <a href="https://www.mykcm.com/2023/02/15/should-you-consider-buying-a-newly-built-home/" title="newly built homes">newly built homes</a> and existing homes offer plenty of unique benefits.
If you have questions about the <a href="https://www.mykcm.com/2023/02/22/a-smaller-home-could-be-your-best-option/" title="options">options</a> in our area, let’s discuss what’s <a href="https://www.mykcm.com/2023/02/08/number-of-homes-for-sale-up-from-last-year-but-below-pre-pandemic-years/" title="available">available</a> and what’s right for you.
2023-03-02T16:01:00-07:002023-03-04T16:16:06-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:241895565 Dreaming Tree Street, Las Vegas, Nevada 89141<img src="https://assets.site-static.com/userfiles/742/image/Featured_Listing_Highlands_Ranch_seevegashomes.png" width="940" height="788" alt="Featured_Listing_Highlands_Ranch_seevegashomes" />
<a href="https://looksee.it/IQVR5" target="_blank">5565 Dreaming Tree Street, Las Vegas, Nevada 89141<br /></a>
This four bedroom, three & 1/2 bath three-story home is located in South Las Vegas in the 89141 zip code. This home is currently listed for sale for $670,000.
Special things about this home:
Energy savings with energy efficient appliances included! Solar panels - owned!
Built in 2019, this home is move-in ready with so many upgrades: quartz countertops, backsplash, farmhouse sink & more
Low-maintenance backyard with Pool!
2023-01-24T18:52:58-07:002023-03-04T16:15:57-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:24140Pre-Approval in 2023: What You Need To Know
One of the first steps in your <a href="https://www.mykcm.com/2023/01/06/tips-to-reach-your-homebuying-goals-in-2023-infographic/" title="homebuying journey">homebuying journey</a> is getting pre-approved. To understand why it’s such an important step, you need to understand what <a href="https://www.mykcm.com/2022/12/26/financial-fundamentals-for-first-time-homebuyers/" title="pre-approval">pre-approval</a> is and what it does for you. Business Insider <a href="https://www.businessinsider.com/personal-finance/mortgage-preapproval" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much you may be approved to borrow, and what your rate could be.”
Basically, pre-approval gives you critical information about the homebuying process that’ll help you understand your options and what you may be able to borrow.
How does it work? As part of the pre-approval process, a lender will look at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand how much money you can borrow. That can make it easier when you set out to search for homes because you’ll know your overall numbers. And with higher <a href="https://www.mykcm.com/2023/01/17/think-twice-before-waiting-for-3-mortgage-rates/" title="mortgage rates">mortgage rates</a> impacting affordability for many buyers today, a solid understanding of your numbers is even more important.
Pre-Approval Helps Show You’re a Serious Buyer
Another added benefit is pre-approval can help a seller feel more confident in your offer because it shows you’re serious about buying their house. A recent article from Forbes <a href="https://www.forbes.com/advisor/mortgages/what-it-takes-to-be-preapproved-for-a-mortgage-and-why-it-matters/" title="notes" target="_blank" rel="noopener noreferrer">notes</a>:
“From the seller’s perspective, a preapproval [sic] letter from a reputable local lender often can make the difference between accepting and rejecting an offer.”
This goes to show, even though you may not face the intense bidding wars you saw if you tried to buy during the pandemic, pre-approval is still an important part of making a strong offer. In fact, Christy Bieber, Personal Finance Writer at The Motley Fool <a href="https://www.nasdaq.com/articles/this-is-the-most-important-reason-to-get-pre-approved-according-to-dave-ramsey.-but-is-he" title="explains" target="_blank" rel="noopener noreferrer">explains</a> it may be the most important part of making an offer:
“Pre-approval maximizes the chances you’ll be able to actually close the deal – and sellers want to see that.
The fact that a pre-approval gives you a better chance of getting your offer accepted is undoubtedly the most important reason to complete this step . . .”
Bottom Line
Getting pre-approved is an important first step towards buying a home. It lets you know what you can borrow and shows sellers you’re serious about purchasing their home. Even if you're just starting to consider buying a home, it's never too early to cover your bases! Connect with us and a trusted local lender so you have the tools you need to purchase a home in today’s market.2023-01-20T15:53:32-07:002023-01-20T16:01:36-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:23835Avoid the Rental Trap in 2023If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.
In the past year, both current renters and new renters have seen their rent go up based on information from <a href="https://www.realtor.com/research/october-2022-rent/" title="realtor.com" target="_blank" rel="noopener noreferrer">realtor.com</a>:
“Three out of four renters (74.2%) who have moved in the past 12 months reported seeing their rent increase. The strain from recent rent hikes isn’t exclusive to renters who have recently moved. Nearly two-thirds of renters (63.2%) who have lived in their current rental between 12 and 24 months, and likely renewed their lease, have also reported increases in their rent.”
And if you look back at historical data, that shouldn’t come as surprise. That’s because, according to the <a href="https://www.census.gov/housing/hvs/files/currenthvspress.pdf" title="Census" target="_blank" rel="noopener noreferrer">Census</a>, rents have been rising fairly consistently since 1988 (see graph below):
<img src="https://assets.site-static.com/userfiles/742/image/Median_Asking_Rent_since_1988_seevegashomes.png" width="960" height="840" alt="Median_Asking_Rent_since_1988_seevegashomes" />
So, if you’re considering renting as an option in 2023, it’s worth weighing whether this trend is likely to continue. The 2023 <a href="https://www.realtor.com/research/2023-national-housing-forecast/" title="Housing Forecast" target="_blank" rel="noopener noreferrer">Housing Forecast</a> from realtor.com expects rents will keep climbing (see graph below):
<img src="https://assets.site-static.com/userfiles/742/image/Rent_growth_is_expected_to_continue_1-22_seevegashomes.png" width="960" height="840" alt="Rent_growth_is_expected_to_continue_1-22_seevegashomes" />
That forecast projects rents will increase by 6.3% in the year ahead (shown in green). When compared to the blue bars in the graph, it’s clear that the 2023 projection doesn’t call for an increase as drastic as the ones renters have seen over the past two years, but it’s still above the historical average for rent hikes between 2013-2019.
That means, if you’re planning to rent again this year and you’ve not yet renewed your lease, you may pay more when you do.
Homeownership Provides an Alternative to Rising Rents
These rising costs may make you reconsider what other alternatives you have. If you’re looking for more stability, it could be time to prioritize homeownership. One of the many benefits of owning your own home is it provides a stable monthly cost that you can lock in for the duration of your loan. As Freddie Mac <a href="https://myhome.freddiemac.com/blog/homeownership/4-benefits-owning-home" title="says" target="_blank" rel="noopener noreferrer">says</a>:
“Monthly rent payments may increase over time, but a fixed-rate mortgage will ensure that you’re paying the same amount each month. With a fixed-rate mortgage, your interest rate is locked in for the life of loan. Steady payments allow you to budget wisely and make plans for the future.”
If you’re planning to make a move this year, locking in your monthly housing costs for the duration of your loan can be a major benefit. You’ll avoid wondering if you’ll need to adjust your budget to account for annual increases like you would if you left your housing payment up to your landlord and their renewal cycle.
Homeowners also enjoy the added benefit of <a href="https://www.mykcm.com/2022/12/20/homeowners-still-have-positive-equity-gains-over-the-past-12-months/" title="home equity">home equity</a>, which has grown substantially. In fact, the latest <a href="https://www.corelogic.com/intelligence/homeowner-equity-insights-q3-2022/" title="Homeowner Equity Insight" target="_blank" rel="noopener noreferrer">Homeowner Equity Insight</a> report from CoreLogic shows the average homeowner gained $34,300 in equity over the last 12 months. As a renter, your rent payment only covers the cost of your dwelling. When you pay your mortgage on a house, you grow your <a href="https://www.mykcm.com/2022/12/08/homeownership-is-an-investment-in-your-future/" title="wealth">wealth</a> through the forced savings that is your home equity.
Bottom Line
If you’re thinking of renting this year, it’s important to keep in mind the true costs you’ll face. Let’s chat to see how you can begin your journey to homeownership today.2023-01-04T15:01:06-07:002023-01-04T15:16:09-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:238361909 High Valley Court Unit#107, Las Vegas, Nevada 89128<img src="https://assets.site-static.com/userfiles/742/image/Just_Listed_1909_High_Valley_Court_107_seevegashomes.jpg" width="940" height="788" alt="Just_Listed_1909_High_Valley_Court_107_seevegashomes" />
<a href="https://www.seevegashomes.com/property-search/detail/95/2461879/1909-high-valley-ct-las-vegas-nv-89128/" target="_blank">1909 High Valley Court, #107, Las Vegas, NV 89128</a>
This one bedroom, one bath home is located in the La Posada neighborhood in northwest Las Vegas. This condo is currently listed for sale for $205,0002022-12-26T15:06:00-07:002023-01-04T15:12:40-07:00Jasmine Begatag:seevegashomes.com,2012-09-20:23545Las Vegas Homeowners Still Have Positive Equity Gains over the Past 12 MonthsIf you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.
Equity is the current value of your home minus what you owe on the loan.
Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially.
And while <a href="https://www.mykcm.com/2022/12/12/what-every-seller-should-know-about-home-prices/" title="home price appreciation">home price appreciation</a> has moderated this year, and even depreciated slightly in some overheated markets, that doesn’t mean you’ve lost all the equity you gained during the pandemic frenzy.
To prove you still have equity you can use, the latest <a href="https://www.corelogic.com/intelligence/homeowner-equity-insights-q3-2022/" title="Homeowner Equity Insights" target="_blank" rel="noopener noreferrer">Homeowner Equity Insights</a> from CoreLogic finds the average homeowner equity has actually grown by $34,300 over the past 12 months. The median home price for Las Vegas is still up 2.6% from $420,000 one year ago (November 2021). Local home prices are still more than triple what they were during their post-recession bottom in January of 2012, when the median single-family home price in Southern Nevada was $118,000
That’s right, despite the headlines, the average homeowner still gained positive <a href="https://www.mykcm.com/2022/11/14/home-equity-a-source-of-strength-for-homeowners-today/" title="equity">equity</a> over the last year in just about every market. While the gains aren’t as dramatic as they were in the previous quarter due to home price moderation, they’re still significant. And if you’ve been in your home for longer than a year, chances are you have even more equity than you realize.
While that’s the national number, if you want to know what happened over the past year in your area, look at the map below from CoreLogic:
<img src="https://assets.site-static.com/userfiles/742/image/Homeowner_Equity_Gains_yoy_q3_2022_seevegashomes.png" width="960" height="840" alt="Homeowner_Equity_Gains_yoy_q3_2022_seevegashomes" />
Why This Is So Important Right Now
While <a href="https://www.mykcm.com/2022/11/29/3-ways-you-can-use-your-home-equity/" title="equity">equity</a> helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you <a href="https://www.mykcm.com/2022/11/22/what-homeowners-want-to-know-about-selling-in-todays-market/" title="sell your current house">sell your current house</a>, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.
So, if you’ve been holding off on selling because you weren’t sure what the headlines meant for your bottom line, rest assured you’ve still gained equity in recent years, and it can help fuel your move.
Bottom Line
If you’re planning to make a move, the equity you’ve gained over time can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, let’s connect.2022-12-20T18:06:18-07:002022-12-20T18:33:46-07:00Jasmine Bega