EPISODE · Dec 28, 2023 · 12 MIN
EPISODE 12: Heading to 2024: Will it be a buyers' or sellers' market?
from LONG'S REAL ESTATE PODCAST · host The Phan Group
Welcome to our 12th episode: "Heading to 2024: Will it be a buyers' or sellers' market?" In this episode, we delve into the intricate landscape of real estate in Las Vegas and Henderson, exploring the tug-of-war between buyers and sellers in the upcoming year. We unpack the current scenario where tight inventory has granted sellers the upper hand. With more eager buyers than available homes, each property listing becomes a coveted commodity, shaping the dynamics of the market. But what does this mean for the future? Join us as we dissect expert insights from leading figures in the industry. Lawrence Yun, NAR's chief economist, shares his forecast of a modest rise in home prices by 3 to 4 percent. But will this trend hold? Our discussion with industry analysts paints a vivid picture. Selma Hepp discusses the challenges posed by the significant shortage of inventory, indicating the persistence of a seller's market. Chen Zhao outlines expectations, projecting continued demand outstripping supply, sustaining the current market conditions. Greg McBride sheds light on the impact of high mortgage rates on market equilibrium. He anticipates a potential shift in 2024, foreseeing a more balanced market as demand faces cooling from these rates. We tackle the looming questions: Will sellers start making concessions? What cautionary advice should buyers heed amidst soaring home prices and increasing expenses? Tune in to gain a deeper understanding of the real estate landscape as we navigate the path to 2024. Whether you're a buyer or a seller, this insightful episode equips you with the knowledge to navigate the evolving market dynamics in the coming year. Join our Facebook community!👇https://www.facebook.com/groups/moveingtolasvegasandhendersonnvsupportandguidance Follow me on my social media websites👇 Facebook: https://www.facebook.com/longsrealestate702 Instagram: https://www.instagram.com/longsrealestate/ TikTok: https://www.tiktok.com/@longsrealestate Email: [email protected] Twitter: https://twitter.com/longsrealestate Get our FREE Relocation Guide👇 https://pages.kw.com/long-phan/730510/relocationguide.html Schedule a FREE Buyer or Seller Consultation👇 https://www.facebook.com/longsrealestate702
What this episode covers
Welcome to our 12th episode: "Heading to 2024: Will it be a buyers' or sellers' market?" In this episode, we delve into the intricate landscape of real estate in Las Vegas and Henderson, exploring the tug-of-war between buyers and sellers in the upcoming year. We unpack the current scenario where tight inventory has granted sellers the upper hand. With more eager buyers than available homes, each property listing becomes a coveted commodity, shaping the dynamics of the market. But what does this mean for the future? Join us as we dissect expert insights from leading figures in the industry. Lawrence Yun, NAR's chief economist, shares his forecast of a modest rise in home prices by 3 to 4 percent. But will this trend hold? Our discussion with industry analysts paints a vivid picture. Selma Hepp discusses the challenges posed by the significant shortage of inventory, indicating the persistence of a seller's market. Chen Zhao outlines expectations, projecting continued demand outstripping supply, sustaining the current market conditions. Greg McBride sheds light on the impact of high mortgage rates on market equilibrium. He anticipates a potential shift in 2024, foreseeing a more balanced market as demand faces cooling from these rates. We tackle the looming questions: Will sellers start making concessions? What cautionary advice should buyers heed amidst soaring home prices and increasing expenses? Tune in to gain a deeper understanding of the real estate landscape as we navigate the path to 2024. Whether you're a buyer or a seller, this insightful episode equips you with the knowledge to navigate the evolving market dynamics in the coming year. Join our Facebook community!👇https://www.facebook.com/groups/moveingtolasvegasandhendersonnvsupportandguidance Follow me on my social media websites👇 Facebook: https://www.facebook.com/longsrealestate702 Instagram: https://www.instagram.com/longsrealestate/ TikTok: https://www.tiktok.com/@longsrealestate Email: [email protected] Twitter: https://twitter.com/longsrealestate Get our FREE Relocation Guide👇 https://pages.kw.com/long-phan/730510/relocationguide.html Schedule a FREE Buyer or Seller Consultation👇 https://www.facebook.com/longsrealestate702
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EPISODE 12: Heading to 2024: Will it be a buyers' or sellers' market?
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