Henderson Real Estate Guide

🏡 Sellers, are you curious about the current market trends in Henderson, NV 89002? With a List to Sold Price percentage of 99.1%, you can expect to get top dollar for your home. The median days on market is just 9 days, making it a prime time to sell.

Reach out to me, John Novak, your Henderson Real Estate Guide, (702) 339-9700, to learn more about how I can help you sell your home quickly and for the best price possible. License # S.0056750

𝗧𝗛𝗔𝗡𝗞 𝗬𝗢𝗨, 𝗛𝗘𝗡𝗗𝗘𝗥𝗦𝗢𝗡, for your contributions to the 𝗟𝗶𝘃𝗶𝗻𝗴 𝗜𝗻 𝗛𝗲𝗻𝗱𝗲𝗿𝘀𝗼𝗻 𝗦𝗰𝗵𝗼𝗼𝗹 𝗦𝘂𝗽𝗽𝗹𝘆 𝗗𝗿𝗶𝘃𝗲 for Hinman, CT Sewell, and Robert Taylor Elementary Schools.

Together we collected 2,302 pencils, 279 spiral and composition notebooks, 336 boxes of crayons, colored pencils, and markers; 290 folders, 460 glue sticks, 214 dry erase markers, 288 erasers, 4,400 index cards, 20 back packs, and several more items!!

Special shout out to these businesses who assisted:

✏️ Archer+Jane, 19 S Water St
✏️ Cadence Family Dental, 805 E Lake Mead Pkwy
✏️ Copper Cat Books, 1570 W Horizon Ridge Pkwy
✏️ Daily Spark Coffee, 43 S Stephanie St
✏️ Play It Again Sports, 691 N Valle Verde Dr
✏️ Purple Penguin Snowcones, 129 S Water St
✏️ Sticks Tavern, 203 S Water St
✏️ Toasted & Roasted, 1477 E Lake Mead Pkwy
Please support these Henderson small businesses so that they can continue to grow and give back to the community.

More than helping people to buy and sell homes, I value the opportunities to connect with others and show people everything that our beautiful city has to offer. Please reach out if you have real estate needs or would like to be involved with our next event.

Again, Thank You, Henderson, for giving our students the supplies they need for a successful school year!

John Novak
Keller Williams Realty, S.0056750
(702) 339-9700
[email protected]

Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool. Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC] Want to know what experts say will happen in the rest of 2023?

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.

Instead of trying to time the market, it may help to focus on what you can control. Here are a few questions that can give you clarity on whether you’re ready to make your move.

1. Do You Have a Stable Job?

One thing to consider is how stable you feel your employment is. Buying a home is a big purchase, and you’re going to sign a home loan stating you’re going to pay that loan back. That can feel like a big obligation. Knowing you have a reliable job and income coming in can help put your mind at ease.

2. Have You Figured Out What You Can Afford?

To make sure you have a good idea of what you’ll need to save and what you can expect to spend on your monthly payment, talk to a trusted lender. They’ll be a...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

How To Know If You’re Ready to Buy a Home If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.

Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.

Challenge #1: The Reluctance to Take on a Higher Mortgage Rate

The Advice: Waiting May Not Pay Off

While experts project mortgage rates will gradually fall this year as inflation cools, that doesn’t necessarily mean you should wait to sell. Mortgage rates are notoriously hard to predict. And, right now home prices are back on the rise. If you move now, you’ll at least beat rising home prices when you buy your next home. And, if experts are right and rates fall, you can always refinance l...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Sellers: Don’t Let These Two Things Hold You Back Many homeowners thinking about selling have two key things holding them back.

If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market. Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right. If you want more information about our local area and what the trends mean for your plans to buy or sell, let’s connect.

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Key Housing Market Trends [INFOGRAPHIC] If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.

Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today.

The ShowingTime Showing Index is a measure of how much buyers are touring homes. It shows there’s seasonality in real estate. If you look at the last normal years in the market (shown in gray), there was a consistent pattern as buyer activity peaked in the first half of each year (during the peak homebuying season in the spring) and slowed as each year came to a close.

When the pandemic hit in March of 2020, that trend was disrupted as the market responded to the resulting uncertainty (shown in blue in the middle). From there, we entered the ‘unicorn’ years of housing (shown...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Homebuyers Are Still More Active Than Usual Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill.

While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low.

Here are a few things to consider to help you put your best foot forward when making an offer on a home.

1. Lean on a Real Estate Professional

Rely on an agent who can support your goals and help you understand what’s happening in today’s housing market. Agents are experts in the local market and on the national trends too.

Plus, they know what’s worked for other buyers in your area and what sellers may be looking for in an offer.

2. Get Pre-Approved for a Home Loan

Having a clear budget in mind is especially important right now given the current affordability challenges. The best way to get a clear picture of what you c...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Tips for Making Your Best Offer on a Home While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low.

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.

They’re basing their negative news by comparing current stats to the last few years. But you can’t compare this year to the ‘unicorn’ years (when home prices reached record highs that were unsustainable). And as prices begin to normalize now, they’re talking about it like it’s a bad thing and making people fear what’s next. But the worst home price declines are already behind us. What we’re starting to see now is the return to more normal home price appreciation.

Why This Is So Important to Understand

In the coming months, as...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Don’t Fall for the Next Shocking Headlines About Home Prices If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices?

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.

According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are drawing attention to this increase, reporting on just the number could actually generate worry for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.

In recent years, the number of forecl...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Foreclosure Numbers Today Aren’t Like 2008 If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market.

According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more. Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value as time goes on. DM me if you’re ready to buy a home and invest in your future.

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Real Estate Continues To Be the Best Investment [INFOGRAPHIC] According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.

But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield.

Historically, the average spread between the two over the last 50 years was 1.72 percentage points (also commonly referred to as 172 basis points).

Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve (The Fed) are all influencing mortgage rates and a widening spread.

Why Does This Matter for You?

This may f...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Explaining Today’s Mortgage Rates If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. 

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.

Rates have been between 6% and 7% pretty consistently for the past nine months.

According to Lawrence Yun, Chief Economist at NAR, mortgage rates play a significant role in buyer demand and, by extension, home sales. Yun highlights the positive impact of stable rates: “Mortgage rates heavily influence the direction of home sales. Relatively steady rates have led to several consecutive months of consistent home sales.”

As a seller, hearing that home sales are consistent right now is good news. It means buyers are out there and actively purchasing homes. Here’s a bit...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Homebuyers Are Getting Used to the New Normal Before you decide to sell your house, it’s important to know what you can expect in the current housing market. 

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well beyond the norm.

To avoid an unfair comparison to that previous peak, we need to look at monthly data. And that tells a very different and much more positive story. While local home price trends still vary by market, here’s what the national data tells us.

We can see the past year in the housing market can be divided into two parts. In the first half of 2022, home prices were going up, and fast. However, starting in July, prices bega...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Home Prices Are Rebounding If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come.

Today’s housing inventory is still well below more normal years. This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers. If you want to sell your house, now is a great time because inventory is still low. Let’s connect to start the process.

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC] Today’s housing inventory is still well below more normal years.

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years.

While a short-term rental can be a tempting idea, you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.

>>A Short-Term Rental Comes with Responsibilities

Successfully managing your house as a short-term rental takes a lot of time and effort. You’ll have to juggle tasks like dealing with reservations, organizing check-ins, and tackling cleaning, landscape, and maintenance duties. Any one of t...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Renting or Selling Your House: What's the Best Move? If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. 

If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a great option.

According to the latest report from the Census, builders are matching the long-term average for completions right now. And residential starts and permits are also gaining momentum. Since both are up, it’s a sign there are even more newly built homes coming soon.

More newly built homes in various stages of the construction process means your pool of options just got bigger. If you’re looking to move right now and timing is important to you, reach out to a local real estate profession...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Momentum Is Building for New Home Construction If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options.

While the current housing market is generally favorable to sellers due to today’s limited housing supply, there are still factors that can cause delays or even prevent a house from selling. Here are a few things to think about.

>>Limited Access – If You Can’t Show It, You Can’t Sell It.

One of the biggest mistakes you can make as a seller is limiting the days and times when buyers can view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’ ability to view it. Remember, minimal access equals minimal exposure.

>>Priced Too High – Price It To Sell, Not To Sit.

Pricing is a critical factor that can significantly impact your home sale. While it's tempting to push the price higher to try to maximize your profit, overpricing can deter potential buy...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Reasons Your Home May Not Be Selling When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles.

Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs. Downsizing could help cut down on your expenses and your equity can fuel your move. If you’re thinking about moving to a smaller home, DM me to go over your housing goals and look at your options on our local market.

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

The Benefits of Downsizing for Homeowners [INFOGRAPHIC] Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. To help cut through the noise and give you the information you need most, take a look at what the data says. Here are the top two questions you need to ask yourself about home prices and mortgage rates as you make your decision:

>>Where Do I Think Home Prices Are Heading?

One reliable place you can turn to for that information is the Home Price Expectation Survey from Pulsenomics – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists.

According to the latest release, the experts surveyed are projecting slight depreciation this year. But here’s the context you need most. The worst home price declines a...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Two Questions To Ask Yourself if You’re Considering Buying a Home If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market.

When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking a close look at their wish list and re-evaluating what features they really need in their next home to avoid overextending.

So, if you’re looking to buy a home, take some time to consider what’s truly essential for you in your next house. Make a list of all the features you’ll want to see, and from there, work to break those features into categories. Here’s a great way to organize your list:

>>Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle (examples: distance from work or loved ones, number...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Evaluating Your Wants and Needs as a Homebuyer Matters More Today When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic.

An agent is a really important part of selling your home because they bring a lot of skill and expertise to the sales process. They’ll explain what’s happening today, what that means for you, and how to price and market your house. They’re also skilled negotiators and well versed at the contracts and disclosures involved. DM me to ensure you have an expert helping you sell your house successfully.

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Key Reasons To Use a Real Estate Agent When You Sell [INFOGRAPHIC] An agent is a really important part of selling your home because they bring a lot of skill and expertise to the sales process.

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You're not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.

That means when you go to put your house on the market this summer, considering newly built homes is crucial for expanding the options you’ll have for your next move.

Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), highlights the importance of newly built homes for those looking to buy in today’s housing market. Dietz states, "With limited available housing inventory, new construction will continue to be a significant part of prospective buyers' search in the quarte...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Where Will You Go If You Sell? Newly Built Homes Might Be the Answer. Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market?

You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it.

Every month, the Mortgage Bankers Association releases the Mortgage Credit Availability Index. According to their website, “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.”

Basically, the index determines how easy it is to get a mortgage. In 2004, the index was around 400. But, by 2006, it had gone up to over 850. Today, the story is quite different. Since the crash, the index went down because len...

Have questions about buying or selling a home in Henderson or Las Vegas? Call or text John Novak, 702-339-9700. Keller Williams The Marketplace, S.56750.

Lending Standards Are Not Like They Were Leading Up to the Crash You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008.