“Boomerang buyers” looking to get back into the housing market

As the housing market in Southern Nevada continues to improve, so does the financial situation for many individuals who were hit hard by the recession of the late 2000s. Many of those who were affected the most were living in their first homes when the market initially took a slide. Often through no fault of their own, these homeowners found themselves in a tough situation where money was tight and credit scores went down. The market was also difficult for Millennials and families who wanted to get their first home but couldn’t afford it.

Thankfully, this situation is drastically changing for many Las Vegans. A national real estate research firm recently named Las Vegas the No. 1 market in the country for “boomerang buyers.” These are buyers who are now back in the market for a new home after having been out of the market for several years. Since it’s been about seven years since the worst of the recession, these buyers have had enough time to get out of debt. This is great news for Southern Nevada and the housing market. In an interview with the Las Vegas Review Journal, one real estate expert proclaimed “…the market is better served if boomerang buyers do become homeowners again in larger numbers.” Rick Piette of Premier Mortgage Lending (http://www.premiermortgagelending.com/) understands the needs of those looking to take a second chance at buying a home in Southern Nevada. That’s why Premier Mortgage Lending helps borrows negotiate loans with no added fees.

If you’re a potential boomerang buyer, you’re in good company. Your segment makes up nearly a quarter of the market share. For home buyers, this means it’s time to strike now while the iron is hot. At New Home Resource, we aim to meet this growing market with exceptional real estate service.

If you are looking for a new home or are wanting to sell your current home, please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, Lance Partin and Kathy Paterniti are all here to help!