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Most Popular Home Design Trends

August 8, 2022/in Blog, Lifestyle /by Shauna Morris

The most popular home design trends help us understand society’s overall mood and provide new ideas on how we want to decorate our own homes. Here are the top trending colors, materials, and styles that homeowners are using.

Color

There is a renewed interest in adding bright and bold colors to interiors, which is definitely a departure from the grey and beige of the past. This is a sign that folks are feeling more adventurous and optimistic. Bold colors and warm natural materials create a more interesting and welcoming space. This trend could be a post-pandemic effect; folks discovered that their space lacked uniqueness and style after being holed up in their homes for almost two years. A renewed interest in authentic decor that is joyful and inviting and reflects their personality has led to a demand for folks to reinvent their interiors.

Wallpaper

Homeowners are ready for a more lively interior. As a result, many interior designers have noticed a renewed interest in bold and unique wallpaper. It adds personality and style to a space that paint cannot accomplish alone.

Warmth

Creating a home that feels like a haven from the stresses of daily life is still very important. Folks want it to be a place to rest, relax and recharge. As a result, homeowners have been moving more toward finishes that add softness, warmth, and texture to their rooms.

Green has been a repeated hue in trend talks over the past couple of years. But lately, designers say there’s an increased interest in sage green, from walls to kitchen cabinets. Soft gray hues and wood-tone decor also bring a warm aesthetic into homes.

Natural Materials

Natural materials rarely go out of style, but they’ve spiked in popularity lately. These materials include the previously mentioned natural wood elements as well as various stone accents. Folks are using materials that feel more established or handmade and more authentic to their space.

Textures

Textural elements create inviting elements in a space. Texture awakens the senses and invites folks to reach out and touch while being at peace and relaxed. Items like wood, rattan, pottery, and metal, mixed with soft or smooth fabrics, create a visual feast for the eyes.

You may already have some of these items in your home that you’ve put away or long forgotten. Perhaps it’s time to join in on some of these most popular home design trends and add some personal pizazz to your space!

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your guide. Give us a call at (775) 828-3292.

Redecorate Without Buying a Thing

August 1, 2022/in Blog /by Shauna Morris

You can achieve a mini home makeover without even leaving the house. There are more items in your home than you think, and a simple resurface or rearrange can make a big difference if your decor has gotten stale. Chances are you already own everything you need for an upgrade or fresh look. Here are ways to redecorate without buying a thing.

Bring in the Out

Introduce natural elements into your home by collecting fresh flowers or greenery from the yard or recent hike. Place them in containers around the house.

Light the Mood

Rearrange the table and floor lamps. Lamps create a cozy vibe, but different shades create different light effects. Switch lamps around in the spaces where you spend the most time and see if a different light has a different feel.

Rearrange

It may be time to rearrange your furniture if your living room feels stale. Angle the sofa differently or pull side chairs in from another room for different seating options. Switch out the side tables with other spaces in the home and see how it feels.

Refresh your Shelves

Remove everything from the shelves, then replace everything with a new arrangement. Or put things in different places around the room. This slight change could update the entire space.

Shop Your Storage

If you have an attic or garage, chances are there are forgotten treasures you can clean or repurpose and use inside your home. Style is cyclical, so the “outdated” accessories you once dismissed could very well be the newest trend again. Dust them off and work them back into your interior decor.

Switch Accessories

Shop the other rooms in your home for vases, decorative objects, and art. Taking an antique heirloom from the dining room and moving it to a shelf in the living room can renew its charm and showcase it in a more prominent location.

These simple changes can create new home decor without spending a dime or leaving the door!

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. Give us a call at (775) 828-3292.

Market Update for Reno-Sparks

July 29, 2022/in Blog, Reality of Real Estate, Reno-Sparks Real Estate /by Shauna Morris

Real estate is in all the news today, and the noise is deafening. We want to take just a moment to paint a quick picture of what the market looks like locally. Here is a market update for Reno-Sparks:

Last 90 Days:

Out of 988 homes sold, the average close price was $788,824 – and they spent 64 days on the market.

Out of the 405 homes currently pending, their average list price is $859,025. Pending homes have now been on the market for 84 days.

What is this telling us? The average list price is higher, and they are taking longer to sell. Our market is still great; homes just aren’t flying off the shelves, so to speak.

What Does it Mean?

When looking at the sold homes and the adjusted list prices to sold price ratios, a negotiated price of + or – 2%-3% overall spread provides a fair give and take on values. The days on the market are in line with a rebalance of values. Again, that is good news if we want to see a softer landing than many are predicting.

As of the first of July, sales in the homes that have rebalanced their expectations remain strong, and the market is doing very well. The August/September numbers will be significant as we move through the rest of this year and where we stand on unsold inventory by September and price adjustments.

From this viewpoint, we expect a market correction of asking prices, sold prices, a flattening of values, and a rise in the low single-digit levels as we end the year (assuming another 1% interest increase).

How Does this Affect the Price of My Home?

In an upwelling market, raising prices quickly to ride a wave of price increases is one thing. In an adjusting market, it’s suicide not to adjust to the market swiftly. You’ll risk chasing a market down!

Should I List My Home Now?

For sellers on the fence, selling now is an excellent opportunity. Buyers are highly focused on quality and value, and inventory remains low. With the current interest rates, buyers are making offers. The key words here are that buyers are making offers. Overbids still exist, but fewer than before. Buyers will expect the seller to negotiate.

Is Now a Good Time to Buy?

Buyers waiting for some unrealistic bottom to develop will be sorely disappointed in the results and miss a host of great opportunities in this market. Yes, we will see some fantastic deals on the fringes, and the competition for those homes will be intense. We assume that interest rates will move significantly in the next 60 days. Time will tell.

Please review and call us with any questions, and you should have questions. A lot is going on with many moving parts. Remember, regardless of the “news,” our inventory is small; demand, even reduced demand, still exceeds supply.

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market or if you’re ready to list your home, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

Lake Life

July 18, 2022/in Blog, Lifestyle /by Shauna Morris

Our last blog covered ways to Beat the Summer Heat in Reno-Sparks, and we promised Lake Tahoe locations next. Here are some of the best spots to explore and enjoy that Lake Life!

Beaches

Whether you’re looking to swim or relax in the Sierra Sun, North Lake Tahoe beaches have something for everyone!

Kings Beach is one of the best beaches on the North Shore. It offers pristine, smooth sand and a family-friendly recreational area. The water is shallow enough for kids to enjoy. This site is also great for kayak, paddleboard, or jet skiing. There are restaurants, shops, and places to rent gear surrounding the area. It’s a one-stop shop for all-day fun.

Sand Harbor State Park is a popular spot along the east shore. The shoreline is a bit rugged, but it’s still one of the best beaches in North Lake Tahoe. Sand Harbor has picnic tables and a boat launch. There are kayak and paddleboard rentals. You’ll want to get to this beach early…the parking lot fills up fast!

Hidden Beach is located just south of Incline Village near Tunnel Creek Road. This beach is an excellent spot for avoiding crowds. There is also limited parking here, but it’s a hidden gem for those who arrive early and make the trek in. All along the eastern shore, remote spots are lined with Tahoe’s iconic granite boulders and only accessible by way of a short hike.

Chimney Beach is located about a mile from Highway 28 and is extremely popular during summer. Chimney Beach is dog-friendly and lined with rocks and deep water.

Zephyr Cove is one of the larger beaches at Lake Tahoe. Because of its size, this beach is an excellent spot for families, there’s usually no problem finding a place on the beach, but parking can fill up early. Amenities at Zephyr Cove include a small bar and grill with restrooms and water equipment rentals.

Nevada Beach is further south and close to the Nevada/California border. Amenities include a day-use pavilion with a BBQ station, restrooms, kayak rentals, and food concession. This beach is one of the few beach campgrounds on the lake, and it allows pets on a leash in the campground.

Pope Beach is located on the South shore and is worth noting. It’s lined by pine trees and great for swimming.

Lester Beach is located on the western shores of Lake Tahoe, also known as “Bliss Beach.” This beautiful beach is situated in D. L. Bliss State Park and the northern portion of one of the deepest portions of Lake Tahoe, known as the Rubicon Wall. While there is no designated swim area for beachgoers, and boat traffic is typical, some shallow spots are gentle enough for kids to splash around. There is limited parking, so visitors are advised to arrive early.

Kayaking

There are twenty public launch sites along Lake Tahoe’s shoreline. Sand Harbor at Lake Tahoe Nevada State Park, Zephyr Cove, Kings Beach, and D.L Bliss State Park are the best places for launch. It is imperative to ensure that your kayak is free of Aquatic Invasive Species (AIS) before launching into the Lake. There are four Tahoe Boat Inspection Stations in Alpine Meadows, Meyers, Spooner Summit, and Truckee that will decontaminate your kayak for free. You can rent a kayak at Tahoe Paddle & Oar, Adrift Tahoe, Tahoe Paddle Sports, or Wild Society to ensure you use a contaminant-free kayak.

The North Shore offers various launch areas. Kings Beach and Incline Village are more leisurely trips for beginners. And Sand Harbor and Zephyr Cove provide a nice route with plenty of locations to stop and rest.

Intermediate paddlers can enjoy launching around D.L. Bliss State Park and Rubicon Point. These inlets provide gorgeous beaches and calm water. The southern route towards Emerald Bay is for more experienced kayakers; this route has an undeveloped shoreline, and the water may get choppy.

More advanced kayakers can experience the Lake Tahoe Water Trail. This trail goes around the entire 72-mile-plus expanse of Lake Tahoe and is broken down into seven segments.

SUP Spots

North Lake Tahoe has some of the best paddle boarding spots that offer stretches of shoreline only accessible from the water. Kings Beach and Sand Harbor are ideal spots. These areas provide coves cradled by rock formations, and the water is typically glassy and calm. Other places to paddle on the Lake include Fannette Island off Emerald Bay, D.L. Bliss State Park, Kiva Beach, Lester Beach, and Zephyr Cove. Adventure seekers can rent paddle boards at the same shops that offer kayak rentals.

Lake Tahoe offers miles of pristine coastline with many activities to enjoy. Check the Lake Tahoe marine forecast before heading out for a fun day on the water, as conditions can change in the blink of an eye.

To stay up to date on what’s happening in and around Reno, follow our blog, and if you have questions about the Reno-Sparks real estate market, contact the David Morris Group. We’re always happy to be your helpful guide. Give us a call at (775) 828-3292.

Beat the Summer Heat in Reno-Sparks

July 7, 2022/in Blog /by Shauna Morris

Reno packs some serious summer heat but also provides some of the best and most beautiful places to cool off! From Kayaking to water parks, we have plenty of cool activities to explore. Here are a few ways to beat the summer heat in Reno-Sparks:

KAYAKING

The Truckee River Whitewater Park is in the heart of downtown Reno. This 2,600-foot-long park has class 2 and 3 rapids for kayakers, canoes, and boats. Whether you’re a novice or new to the sport, kayak lessons and clinics are offered by Sierra Adventures.

PADDLEBOARDING

Stand-up paddle boarding (SUP) is one of the fastest-growing watersports. The Sparks Marina is an excellent location in Reno, and if you’re looking for more action, the Truckee River is a must! Lakeshore is based in Reno and has turned into a premier paddleboard spot. You can rent a paddleboard at Marina PaddleFit, and they offer clinics to learn new SUP skills.

TRUCKEE RIVER RAFTING

Reno is a perfect place for whitewater enthusiasts. It’s close to the Truckee and the Carson River, both of which have fantastic whitewater options. The Truckee River delivers some wilder rapids with classes 3 & 4 if you’re down for a hair-raising adventure, while the Carson River is known for its milder rapids. The most popular route down the Carson River is a 21-mile stretch called “Hangman’s Run.” Tahoe Whitewater Tours and Sierra Adventures offer excellent guided tours down the rivers.

FLOAT ABOUT

Truckee River rafting is right in the heart of the city, with easy access through Wingfield Park. The park is the endpoint for most float trips, and you can find plenty of places to launch your raft. Popular launching points include Crissie Caughlin Park, Dorostkar Park, and Mayberry Park. If you’re looking for something less extreme, floating the day away is a great way to enjoy the river without rapids.

RENO-SPARKS’ WATER PARK

Wild Island Family Adventure Park offers summer fun for everyone! With water slides, a wave pool, go-karts, mini-golf, and bowling, it’s a great way to wear out the kiddos and have a little fun yourself.

We haven’t forgotten about fun in the sun at Lake Tahoe ~ Keep an eye out for our next blog to get the latest on the lake’s summer options!

To stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno-Sparks real estate market, contact the David Morris Group. We’re always happy to be your helpful guide. Give us a call at (775) 828-3292.

Market Update

July 5, 2022/in Blog, Reality of Real Estate /by Shauna Morris

America’s housing market has undergone some wild swings over the last two years, but it appears to be settling down a bit. According to Realtor.com®, the number of real estate listings rose by 18.7% this June compared with a year earlier. That marks the second consecutive month of growth and the fastest rise in inventory since July 2017. Of course, this new record growth has a long way to go before the nation’s housing inventory is back to its level before COVID, but it’s still a good sign.

The recent numbers correlate with the recent hikes in mortgage rates. Homes are beginning to remain on the market longer as buyers are being pushed out because they can no longer afford to buy. However, new data released by Freddie Mac on June 30th shows a pause in the mortgage rate increase. As a matter of fact, 30-year fixed rate mortgage rates have already begun dropping slightly. “The rapid rise in mortgage rates has finally paused,” Sam Khater, chief economist at Freddie Mac, said in a press release, “largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession.” This pause will help the market rebalance itself and bring homes back to a more “normal” pace of appreciation.

What does that mean for sellers? List now or forever hold your peace! If you’re on the fence about getting your home on the market, now is a great time to get it sold. If you wait, you may have to settle for price reductions and more days on the market.

What does this mean for buyers? Negotiations are back! Sellers no longer have forty showings in one weekend, and concessions are back in play. Buyers have more time to make the right decisions and more options from which to choose.

The market is excellent for buyers AND sellers right now, and we are here to help! Contact the David Morris Group if you have questions about the Reno real estate market and surrounding areas. We’re happy to guide you through the listing or buying process as the market shifts! Give us a call at (775) 828-3292.

Common Homebuyer Regrets

July 1, 2022/in Blog, Reality of Real Estate /by Shauna Morris

A home-buying experience can feel rushed and frantic. Add in rising mortgage rates, low inventory, and bidding wars, and the home-buying process is downright chaotic! For some, buyer’s remorse can creep in once they rush to buy and then begin to notice little things about their new home that they didn’t see before. According to a Zillow survey, 75% of recent homebuyers have at least one regret about their new home. Here are the most common home-buying regrets.

Missing the Bigger Picture

We are still in a seller’s market, meaning there are still more buyers than inventory. This shortage has caused buyers to feel pressured to grab the first home they can find rather than weighing their options more carefully. Fewer homes to choose from, coupled with competition from other hungry buyers, causes pressure. That pressure can cause buyers to miss the big picture. Not fully understanding a new home’s impact on daily life is the most common regret new homebuyers report. Buyers need to anticipate what life will be like in their new home one to five years down the road rather than what their lives are like at the time of purchase. Make sure the home fits the lifestyle you foresee, not the one you’re currently living.

The Importance of Location

Location is one of the most important factors when purchasing a new home. Buyers need to weigh the pros and cons of the neighborhood and community. The area needs to complement how you live, work, and play. Spending twenty minutes inside a property in the middle of the afternoon is only a fraction of the picture. Is there a time of high traffic that contradicts your work schedule? Are you near a school that will have speed limit restrictions and bumper-to-bumper car-line each day? The function and flow of the area are things to consider before signing on the dotted line.

Waiving a Home Inspection

A home inspection is an integral part of the home buying process. It lets you know what’s behind the freshly painted walls. In this competitive housing market, buyers look for ways to make their offers the most attractive, and several have waived the home inspection contingency. DO NOT do this! There could be hidden problems that lead to hidden expenses, and the only way to know that is with an inspection!

Aesthetics over Functionality

Aesthetics can sometimes distract buyers. The interior of a home on the market is cleaner than usual if not staged to look better. Buyers need to focus on the whole house and think about whether it will suit their lifestyle for years to come, not just today. If a newly renovated kitchen is still too small to meet your needs, you will regret it down the line, regardless of the new backsplash. Focus on things you cannot change, like size, location, views, and the actual bones of the home rather than a new farmhouse sink.

Maintenance Costs

Many buyers regret that they didn’t consider annual costs such as HOA fees, property taxes, and insurance fees before purchasing their home. These fees typically increase yearly, and if you’re barely scraping by in the first year, imagine five years down the line. Unexpected maintenance expenses such as plumbing, HVAC, a leaky roof, etc., are all things the home inspection report should outline, and they should be factored in as maintenance costs for the future if they don’t need to be repaired right away.

Buyers who know about these often overlooked factors understand what to look for and feel more secure about their purchase. Setting your priorities before buying will help you feel more confident about your home purchase down the line.

History of Father’s Day

June 17, 2022/in Blog /by Shauna Morris

Father’s Day is this weekend. It’s the official day to honor wonderful dads and father figures and celebrate the men who put in the work to make us feel protected and safe. Have you ever been curious about the origins of this holiday? Or do you need some new trivia to ‘wow’ your dad when you see him? Here are a few fun facts about the history of Father’s Day.

First Recognition

The first event to celebrate fathers was on July 5, 1908, in Fairmont, West Virginia. A year before this celebration, a horrifying mining explosion occurred in a nearby town, known as the Monongah Mining Disaster. It killed 362 miners, 250 of which were fathers. A woman by the name of Grace Clayton encouraged her pastor to hold a service to honor the children who lost their fathers. She chose that specific date because her father had passed away years prior, and July 5th was close to his birthday.

While this was technically the first recognition of the paternal bond of fatherhood, it didn’t directly encourage the creation of Father’s Day. The town only promoted the memorial service in Fairmont, WV, which was overshadowed by July 4th celebrations.

Official Celebration

The idea of having a day to celebrate fathers was picked up again two years later by a woman from Spokane, Washington named Sonora Dodd. Sonora and her five brothers and sisters were raised by their father after their mother passed away, and she felt that fathers deserved equal recognition as mothers. She worked with her local church and YMCA to plan a day specifically to celebrate the men of the house. As a result, an official “Father’s Day” was held at the Spokane YMCA on June 19, 1910. Soon after, several cities and towns across the country followed suit.

Presidential Recognition

In 1966 President Lyndon Johnson issued a presidential proclamation that fathers would be honored each year on the third Sunday in June. President Richard Nixon signed the proclamation into law six years later and Father’s Day became recognized as a national holiday.

Commercialization

Today, as with Mother’s Day, Valentine’s Day, Siblings Day, Yoga Day, and any other celebratory reason you can think of, retailers begin their promotions for profit months in advance. The greeting card companies are pretty fond of the holiday as well.

Global Celebrations

Great Britain was the first area abroad to begin the annual celebration of Dad. It’s thought that they adopted the tradition right after WWII in 1945.

France was next to join in the celebration of le pére in 1949. However, the idea of profit from the holiday spurred Father’s Day more so than the idea of celebrating dear old Dad. As a matter of fact, a lighter manufacturer called Flaminaire brought the tradition to France with the slogan: “Nos papas nous l’ont dit, pour la fête des pères, ils désirent tous un Flaminaire” translated to say “Our fathers told us, for father’s day, they all want a Flaminaire.” It wasn’t adopted as an official decree across the country until three years after the Flaminaire promotion.

Other countries recognizing Father’s Day on the third Sunday in June include Mexico, Ireland, France, Greece, China, and Japan.

Father’s Day is called Vatertag in Germany, or Männertag, which means “men’s day.” The German celebration of der Vater falls on the Thursday 40 days after Easter. It is traditional for groups of men to go into the woods with a wagon of booze and meats in certain regions. Which is quite a bit different than spending the day being gifted with silly ties and handmade crafts, but to each his own!

No matter when it’s celebrated, what the traditions are, or what it’s called, the father figures in our lives deserve recognition for the role they embrace. We wish all of the Pops out there a very Happy Father’s Day, and we hope you are appreciated for all that you do!

If you have questions about the Reno real estate market, we are happy to help! Contact the David Morris Group, or call us at (775) 828-3292.

Old Glory

June 10, 2022/in Blog /by Shauna Morris

At the start of the American Revolution in 1775, there was no single united flag to fly. Colonists were fighting in separate regiments under their own flags. In June of that year, the Second Continental Congress met in Philadelphia in the hopes of creating a more organized and unified colonial fighting force. As a result, the Continental Army was created, with George Washington as their Commander in Chief, as was the first “American” flag. The new unified flag had 13 alternating red and white stripes and a Union Jack in the corner, which looked very similar to the British flag. Washington was against flying a flag that was even remotely close to the British flag. Not only was it not the best confidence-builder for his soldiers, but it was also confusing amidst the chaos of battle. As a result, Washington turned his efforts toward creating a new flag as the symbol of freedom for the new nation.

The Second Continental Congress paused from writing the Articles of Confederation on June 17th, 1777, to pass a motion stating that “the flag of the United States be 13 stripes, alternate red and white,” and that “the union be 13 stars, white in a blue field, representing a new constellation.” Thus creating a National Flag for the United States.

In 1916 President Woodrow Wilson issued a presidential proclamation establishing a national Flag Day to be observed on June 14th, commemorating the date the United States approved the design for its first flag. Since then, Americans have honored the adoption of the Stars and Stripes by displaying the flag in front of their homes. However, Flag Day wasn’t officially signed into law until 1949, when U.S. Congress permanently established the date, and President Harry Truman signed it. The legislation also called upon the president to issue a yearly flag day proclamation. Each year since the U.S. president delivers an address that proclaims the week of June 14th as National Flag Week, and all Americans are encouraged to fly U.S. flags during that time.

As we come upon the annual celebration of our Stars and Stripes, here are a few fun facts about “Old Glory”:

Not Betsy Ross

While it’s widely believed that Betsy Ross sewed the first flag in 1776, she was never credited with the work during her lifetime. In 1870, Ross’s grandson relayed stories that she told him as a child about sewing the flag to the Historical Society of Pennsylvania. Still, there isn’t any historical evidence to back it up. It has since been confirmed that a delegate from New Jersey by the name of Francis Hopkinson is the actual designer of the American flag.

First Flag Flyer

In 1885 a small-town Wisconsin teacher named Bernard Cigrand had the original idea to celebrate the American flag across the country every June 14th. He led his school that year in the first formal observance of Flag Day.

A++

When it seemed inevitable that Alaska would be admitted to the Union in the 1950s, the American flag began being retooled to add a 49th star. Meanwhile, a 17-year-old student from Ohio named Bob Heft disassembled his family’s 48-star flag on his mother’s sewing machine and stitched 50 stars in a symmetrical pattern. He submitted his creation for a class project and explained that he used 50 stars because he also expected Hawaii to join the Union. To his dismay, he only received a B-. Heft decided to send the flag to his congressman anyway. After both new states joined the Union, the congressman presented the flag to President Eisenhower, who selected Heft’s design. On July 4th, 1960, the president and the high school student from Ohio stood together and hoisted the 50-star spangled banner for the first time! (Heft’s teacher subsequently changed his grade from a B- to an A+ when Hawaii did, in fact, become the 50th state.)

It’s almost time to raise Old Glory once again in honor and celebration of our great nation!

If you have questions about the Reno real estate market, we are happy to help! Contact the David Morris Group, or call us at (775) 828-3292.

Decoding Deceleration

May 31, 2022/in Reality of Real Estate /by Shauna Morris

Recent news articles on Fortune.com have centered around the decline in housing prices. Economists agree that housing prices will continue to decline in particular regions over the next 12 months. However, it’s essential to distinguish between a “price correction” and “deceleration.” What we are seeing is a deceleration. Deceleration means prices are rising at a more modest rate. It does not mean home values are dropping. Everything is still on an upward trajectory, just not as fast as we have seen over the past year.

The U.S. housing market has slowed down slightly due to increased mortgage rates. Mortgage applications are showing a decline, and fewer listings are getting multiple offers as a result. These factors are causing housing inventory levels to rise, which can be considered good news in several markets.

Moody’s Analytics chief economist Mark Zandi calls this a “trajectory flip.” Meaning that demand is pulling back in the face of higher mortgage rates, but the housing market remains steady. Prices may be going down, but not at an alarming rate, which means home valuations remain healthy.

The memories of the 2008 crash are still painful. However, Zandi says this market shift’s circumstances are different from the 2008 housing crisis. While the spike in mortgage rates has priced some folks out of the market, most homeowners are financially better off than they were leading up to the 2008 debacle. This shift is at the hands of the Federal Reserve rather than banks. Meaning that if nationwide home prices do begin to plummet, the Fed has the ability to ease up on mortgage rates and correct the dive.

Deceleration is not a bad word. Our market is not going down. The market needs to cool so that inventory can stabilize. Multiple offers and bidding wars are not normal market conditions. Buyers and sellers need a team with the wisdom and experience to navigate any market under any circumstance!

We are here for you, and we know what it takes to protect you in any market. If you would like to talk more about the changing market and what it means for you, we’re happy to help. Contact the David Morris Group or call us at (775) 828-3292, and we’ll guide you every step of the way.

Posts

Color

Wallpaper

Warmth

Natural Materials

Textures

Bring in the Out

Light the Mood

Rearrange

Refresh your Shelves

Shop Your Storage

Switch Accessories

Last 90 Days:

What Does it Mean?

How Does this Affect the Price of My Home?

Should I List My Home Now?

Is Now a Good Time to Buy?

Beaches

Kayaking

SUP Spots

KAYAKING

PADDLEBOARDING

TRUCKEE RIVER RAFTING

FLOAT ABOUT

RENO-SPARKS’ WATER PARK

Missing the Bigger Picture

The Importance of Location

Waiving a Home Inspection

Aesthetics over Functionality

Maintenance Costs

First Recognition

Official Celebration

Presidential Recognition

Commercialization

Global Celebrations

Not Betsy Ross

First Flag Flyer

A++

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Certifications & Affiliations