We like to stay informed here at the Taylor Stucki Realty Group and this article came across the desk this morning.  We wanted to share it with you.

Click HERE to view the article.

Although we’re not seeing a lack of inventory in this area, it’s possible a shortage of inventory is driving prices in other markets.  

This afternoon, STATE OF NEVADA, KNPR’s local radio program, discussed the possibility of a housing bubble occurring in our market.  Since our market is influenced heavily by Las Vegas market, this program is extremely appropriate for understanding what’s happening in Southern Utah.  

Click HERE to listen to the program.

Here’s what we know…  With prices on the rise and more sales pending, sellers in this market are feeling more confident about putting property on the market.  The inventory becoming available is more traditional home sales rather than short sales or foreclosures.  This means the quality of the product is much better than in previous years.  These are sellers who are selling homes they’ve lived in and loved for years.  It’s encouraging to see sales increasing and unlike the bubbles we’ve encountered in the past, the increase of values and sales has been gradual.  It’s been in line with growth rates and although there does seem to be some dramatic growth happening, it’s most likely due to the market correcting itself after so many negative years.

Still, it’s possible the interest rate will continue to increase.  Coupled with increases in home values, there’s never ever been a better time to get in on buying a new home!  You simply can’t afford to wait any longer. Call the Taylor Stucki Realty Group today and get started on locking in a lower interest rate and finding a good value home.  Check in tomorrow where we’ll recommend a strategy to gain an advantage when making an offer.

Categories: knpr, las Vegas, Southern Utah, State Of Nevada, Taylor Stucki Realty Group