Andy Medina - Las Vegas Realtor

  Does It Make Sense To Buy a Home Right Now? Thinking about  buying a home ? If so, you're probably wondering:  should I buy now or wait?  Nobody can make that decision for you, but here's some information that can help you decide. What’s Next for Home Prices? Each quarter,  Fannie Mae and   Pulsenomics  publish the results of the  Home Price Expectations Survey  (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with  home prices . In the  latest survey , those experts say home prices are going to keep going up for the next five years ( see graph below ):   Here’s what all the green on this chart should tell you. They’re not expecting any price declines. Instead, they’re saying we’ll see a 3-4% rise  each year . And even though home prices aren’t expected to climb by as much in 2025 as they are 2024, keep in mind these increases c...

  Homeowners Today Have Options To Avoid Foreclosure Even with the latest data coming in, the experts agree there’s no chance of a large-scale  foreclosure crisis  like the one we saw back in 2008. While headlines may be calling attention to a slight uptick in foreclosure filings recently, the  bigger picture  is that we’re still well below the number we’d see in a more normal year for the housing market. As a report from  BlackKnight   explains : “The prospect of any kind of near-term surge in foreclosure activity remains low, with start volumes still nearly 40% below pre-pandemic levels.” That’s good news. It means the number of homeowners at risk is very low compared to the norm. But, there’s a small percentage who may be coming face to face with foreclosure as a possibility. That’s because some homeowners may have an unexpected hardship in their life, which unfortunately can happen in any market. For those homeowners, there are still options that c...