Vegas is heating up for a Trade up

 

The post-New Year period has seen a swift increase in real estate activity, particularly in open houses. Over the weekend, we hosted two successful open houses with serious buyers and sellers. The market is gaining momentum.

 

In discussions with my real estate coach, it was highlighted that the trade-up market, where homeowners consider upsizing or downsizing, has been stagnant. This hesitation is attributed to fluctuating interest rates. 

 

However, the outlook for this election year is positive, with expectations of interest rates improving. This could lead to a transformation in the trade-up market. Imagine homeowners with improved interest rates finding it more feasible to trade in their homes, creating an influx of trade-up inventory. This, in turn, can benefit first-time homebuyers who currently face limited options.

 

For those considering a home purchase, now is the time to act.

 

Prepare your finances and be ready to engage when the right home hits the market. The expectation is that inventory will increase in the coming months, leading to more transactions on both sides of the market.

Don't wait until it's too late. If you're unsure about buying, ensure your finances are in order. Reach out to us for preapproval or a listing consultation to position yourself for potential opportunities in the near future.