Goodbye 2020, HELLO 2021!

Goodbye 2020 and

HELLO 2021!

With 2020 {thankfully} in the books we aim our sight onto 2021. 

Here’s looking back at 2020:

• Even throughout the pandemic, the Las Vegas housing market THRIVED.  Maybe due to an exodus from people living in high-cost states such as California, buyers FLOODED the market in Nevada.
• The influx of buyers has kept the supply (listings) in Nevada low, sometimes reaching as low as a two-month supply (https://lasvegassun.com/news/topics/real-estate/)
• What this means for sellers:  If you have been thinking of selling your home, it may be time to ACT NOW!  This seller’s market means you can get TOP DOLLAR for your home in a short amount of time (https://www.fortunebuilders.com/las-vegas-real-estate-market-trends/)
• What this means for buyers:  If you see a house you love, PULL THE TRIGGER QUICKLY.  Houses at times seem to fly off the market.  Though this may seem pretty scary to a buyer, with an experienced real estate team behind you it can be a fun, safe process
• The eviction moratorium is now set to expire in March, and the extension isn’t automatic.  This means that it requires action from tenants and landlords can currently attempt to evict with court proceedings (https://www.nevadacurrent.com/2020/12/16/new-eviction-moratorium-isnt-automatic-requires-tenant-action/)
• Commercial moratorium ended October 2020.  Commercial eviction processes started IMMEDIATELY

Keeping an eye out for 2021:

• Forecast for the 2021 Las Vegas Housing Market is HOT! HOT! HOT! (https://www.reviewjournal.com/business/housing/las-vegas-housing-market-expected-to-stay-hot-in-2021-2230593/)
• The eviction moratorium WILL EXPIRE.  That may eventually mean that inventory will go back up.  ACT ACCORDINGLY
• Commercial properties are not included in the extension (Nevada Directive 36).  This means commercial properties such as sales, purchases, lease-ins,and lease-outs are moving very quickly, maybe because some landlords have not been getting paid.  They now want reliable commercial tenants and they want them in NOW.  That’s why it is IMPERITAVE that our commercial clients be READY TO MOVE and have a complete package ready to go.

THE MORCOM GROUP

• Reflective of the 2020 housing market The Morcom Group has been ON FIRE!! We ranked as one of the TOP 25 teams for both October and November
• Record number of closings for both buyers and sellers
• Added the Commercial Real Estate branch of The Morcom Group
• Added lending division

MORCOM GROUP LENDING

• Partnered with Lone Mortgage (NMLS 328524), which is licensed in 7 states: NV, CA, CO, WA, MN, OK and FL
• Hugh Lichter - Licensed Real Estate Agent and Loan Officer -Since entering the field, he has been involved in local and regional management with major real estate offices, home builders, and lenders (including Countrywide Home Loans, Bank of America, Wells Fargo Home Mortgage, and Century 21). His Countrywide and Bank of America operations had over $16 million in monthly closing transactions
• Nikole Malaxechevarria Morcom - Licensed Realtor last 3 years, Lending License in progress, will be able to assist with all aspects of the lending process - SE HABLA ESPANOL
• The Morcom Group Lending Page - COMING SOON - will include a pre-approval link that streamlines the process

What can THE MORCOM GROUP do for you?

• Help list your home and market it properly during this SELLER’S MARKET in order to get top dollar
• Help you with the purchase of a home, wading through listing and negotiating the best deal possible
• Help you list your commercial listing, or find new, larger, additional space for your company
• Help you on the lending side with competitive rates for purchase or refinance in multiple states.  

I know that 2020 was a difficult year in many regards.  From our family to yours THE MORCOM GROUP wishes you GOODBYE 2020, the BEST IS YET TO COME IN 2021!  Hope to hear from you soon.

Our mortgage lending division is UP AND RUNNING.  If you are looking to refinance The Morcom Group can help!  CALL OR EMAIL TODAY