It’s Not Just About the Price of the Home


When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and here’s why.

Today’s low rates are off-setting rising home prices because it’s less expensive to borrow money. In essence, purchasing a home while mortgage rates are this low may save you significantly over the life of your home loan.

Taking a look at the graph below with data sourced from the National Association of Realtors (NAR), the higher the bars rise, the more affordable homes are. The orange bars represent the period of time when homes were most affordable, but ...

Hi all,
When you make bold predictions, they can be way off because you just say they're bold.  But when you record them, blog about them, and video them, there's no way you can't go back and review your predictions.  Some I was close on, some I was way off, and some were just funny.  
If you want to see the video we did on our 2018 Recap and 2019 Predictions, visit our YouTube video here: https://www.youtube.com/watch?v=peR9_MNd7no
Las Vegas Market Statistics Predictions:
Closed Sales
For 2017, through 11 months, we are already at 41,141
For 2018 - I am predicting 49,000 units sold!
Boy - was I wrong.  We saw a slight uptick over 2017, but this number pretty much has remained consistent for 3 years running.  We ended 2018 with 42,094 units sold.  For 2019, I am predicting 43,000!
Median Days on Market
In 2017, we are sitting currently at 15 Days on Market
I think 2018 will be slightly slower, but still predicting the Median Days of ...

Hi everyone,
On Today's episode of #ZPLive (https://youtu.be/qo42rRBzvx4) we discussed a Case Study discussing selling your home to one of the large online home buyers vs selling the home through a traditional manner.  Many people have seen commercials for OfferPad, OpenDoor and now, Zillow, to BUY your home for you and you can close at your convenience.  But, does the convenience offset the price?  Read on...
The Situation
I took my home, located in Las Vegas, and entered details onto one of the large website companies (not going to name names - hint, I did let it slip which one on the video above).  I entered all my information, including all the upgrades and dates they were done, and even submitted some pictures.  Within about 12 hours, I received my offer.
I then had 2 agents that are UNRELATED to me and had them provide me an anticipated List Price, anticipated Sales Price, How long they thought it would take to list, sell and close my sale, and most ir ...

It's that time of year... to make bold, bodacious, easy, and crazy predictions for 2018.  These are taken from the Facebook Live we did on 12/20/2018.  Want to watch the video instead... I won't take offense: 2018 Bold Predictions - FB Live Video
Las Vegas Market Statistics Predictions:
Closed Sales
For 2016, there were a total of 41,107 units (single family, multi-family, townhomes, condos) sold!
For 2017, through 11 months, we are already at 41,141
For 2018 - I am predicting 49,000 units sold!
Median Days on Market
In 2017, we are sitting currently at 15 Days on Market
I think 2018 will be slightly slower, but still predicting the Median Days on Market to be 18 Days
Dollar Volume
This is for the Total amount of all sales recorded through the MLS
In 2017 we are on pace for just under $12,000,000 (That's 12 Billion)
For 2018, I anticipate us hitting a mark of $13,250,000! (13.25 Billion Dollars)
Median Sales Price for All Units (including Townhomes, Condos, f ...