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4 Things to Consider Before You List by Steve Wadkins

4 Things to Consider Before You List by Steve Wadkins

Simple things like fresh paint, new carpet, and a professional landscaping job can be low in upfront cost, but high in resale value. These are only some of the things you can do before you list.

Are you ready for Steve Wadkins to come to your house to give you advise before you List your property for sale? Call 702-281-8288

Steve Wadkins – Broker/Owner

We Real Estate Group

702-281-8288

 

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The Many Faces of Home-Buying by Gerri Wadkins

The Many Faces of Home-Buying by Gerri Wadkins

Buying a home can be a very emotional process, but don’t get lost in the roller coaster. I’m here to help you navigate through these emotions, so contact me today! 702-591-2576

Gerri Wadkins – Realtor/Owner

We Real Estate Group

702-591-2576

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Should I Buy Now? Or Wait Until Next Year? By Steve Wadkins

Some Highlights:

  • The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.2% by the third quarter of 2019.
  • CoreLogic predicts home prices to appreciate by 5.1% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

Steve Wadkins – Broker/Owner

We Real Estate Group

702-281-8288

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Baby Boomers are Downsizing, Are You Ready to Move? by Steve Wadkins

For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame?

Here’s what some of the experts have to say on the subject:

Aaron Terrazas, Senior Economist at Zillow, says that “Boomers are healthier and working longer than previous generations, which means they aren’t yet ready to sell their homes.

According to a study by Realtor.com, 85% of baby boomers indicated they were not planning to sell their homes.

It is true that baby boomers are healthier and are thus working and living longer, but are they also refusing to sell their homes? 

Last month, Trulia looked at the housing situation of seniors (aged 65+) today compared to that of a decade ago. Trulia’sstudy revealed that:

Although seniors appear to be delaying downsizing until later in life, as a group, households 65 and over are still downsizing at roughly the same rate as in years past.”

Trulia also explains that, 

5.5% of households 65 and over moved, pretty evenly split between moves to single family (2.7%) and multifamily (2.4%) homes. In 2005, these percentages were virtually the same, with 5.5% of senior households moving, including 2.5% into single family and 2.5% into multifamily homes.”

So, if these percentages are the same, what is the challenge?

Recent reports tell us that the older population grew from 3 million in 1900 to 47.8 million in 2017.

In addition, the Census recently revised the numbers from their National Population Projections:

The aging of baby boomers means that within just a couple decades, older people are projected to outnumber children for the first time in U.S. history…By 2035, there will be 78.0 million people 65 years and older compared to 76.7 million under the age of 18.

Bottom Line

If you are a baby boomer who is not sure whether you should downsize or move to a warmer climate (other people are doing it, why not you?), let’s get together so we can help you evaluate your options today!

 

Steve Wadkins

We Real Estate Group

702-281-8288

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