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Stacy Sheeley

Housing Predictions for 2021

From Mortgage Rates to Home Prices – 8 Predictions for 2121 Following a year when home equity wealth reached an all-time high, while up to 14 million Americans received a temporary pause from evictions, 2021 will continue some housing trends from 2020.  Others will fade away.  According to experts, some new ones will pop up too. Home prices and sales likely will maintain their 2020 momentum, while refinances should taper off as mortgage rates move off historical lows. The ramifications of coronavirus evictions could provide new housing stock, as builders ramp up activity in the now-hot suburbs. Here’s what else

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Stacy Sheeley

People are migrating to these cities amid Covid-19

Las Vegas makes the list! Its no secret that people are moving to Las Vegas like crazy.  It might be time to make the move you’ve been thinking about to move up to a larger home or downsize. On Dec. 8, billionaire Elon Musk confirmed that he moved to Austin, Texas from California. And amid the pandemic — which has made it clear that many corporate people can work successfully remotely — there has been much talk among the rich and successful in cities like San Francisco and Manhattan about moving to cheaper places with a better quality of life.

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Stacy Sheeley

The Housing Market is Hot, but Not in a Bubble

The Las Vegas Housing Market Report Last week the biggest news was that FHFA (the boss of Fannie Mae and Freddie Mac), released the new conforming loan amounts for 2021. While the loan amounts are effective as of 1/1/21, many lenders as we are, will allow for these new loan amounts now. That new loan limit has jumped more than 7% is $548,250. The VA loan limits will track the conforming loan limits (before anyone starts yelling, yes I am aware VA did away with loan limits when the Veteran does not have an outstanding VA loan but they do

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Las Vegas Housing Market Report – March 2020

What does this mean for you? Existing home prices in Las Vegas hit a new peak in March, despite the onset of the national state of emergency related to the coronavirus.  “As much as these numbers appear to be a surprise, it goes to show you that the impact on our housing market and economy may trail by a month or two,” said the 2020 LVR President. “It just makes me wonder just how good the numbers would have been without this virus hitting us. The resiliency of Las Vegas will shine through, along with the lights on our Las Vegas Strip,

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Stacy Sheeley

A Recession Does Not Mean a Housing Crisis

It’s no surprise that The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in three of the last five U.S. recessions and decreased by less than 2% in the 4th.  All things considered, an economic slowdown does not equal a housing crisis and this will not be a repeat of 2008. On a personal note, many people are asking me what is going on locally in the real estate market.  I can happily say that none of my clients have cancelled and many have taken advantage of the “zero” interest rate.  My vacant

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Stacy Sheeley

What Is the Best Month to List Your Home?

As the spring buying season approaches, there are some key weeks ahead that can benefit home sellers.  So what is the best month to list your home? For a faster sale, late April is the sweet spot according to a new analysis from Zillow. Homes listed then sell seven days faster at the median and typically bring a $1,500 premium. But if sellers can wait until the first two weeks of May they could pocket a $2,100 premium on their selling price on the typical US home. This is the best time to list in 17 of the 35 markets

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Stacy Sheeley

Why 2020 Will Be Another Great Year to Sell Your Home (If You Hurry!)

At the start of 2019, the window to cash in on a hot housing market appeared to be on the brink of shutting. Inventory fattened up to the tune of a 10% rise in the nation’s largest market (approximately 6% locally).   The average mortgage rate was up to 4.45% which felt like highway robbery compared to preceding years.  By early summer, talks of an impending recession stirred up worry.  But these indicators turned out to be red herrings for how 2019 would end and how 2020 would begin. As a result, expectations for real estate got flipped.  Here are 5

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My name is Stacy and I
am a Realtor in Las Vegas, NV.
I have a passion for interior design
and staging homes to sell.

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