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Housing Market Myths vs. Reality: What Buyers Need to Know Right Now w/ Dr. Shawn McCoy

Nevada REALTORS® Today

Release Date: 11/14/2024

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More Episodes

As real estate professionals, we’re all aware of the power of homeownership, and how it’s the first step to building wealth for most Americans. 

Over the last few years, there’s been immense pressure on the housing market, and it’s affected both renters and buyers. It’s impacted whether or not they can buy and what they are able to afford. 

From interest and inflation rates to ongoing land scarcity, there are many reasons for the current cost of housing. 

When consumers have good expectations, rooted on facts and good information, they can adapt to the most adverse situations, and still themselves up for success.

Many people are sitting on the sidelines waiting for the right market conditions to buy a home when they should be taking action now. As agents, we should use data to show them why this is actually the best time to buy a home. 

What are some of the interesting patterns in real estate right now? How is the market impacting renters and potential buyers? 

In this episode, we’re joined by the Director of the Lied Center for Real Estate at UNLV, Dr. Shawn McCoy. He takes a deep dive into the housing data and how it’s affecting the consumer. 


When people have good expectations, rooted on facts and good information, even if the outlook looks bad, humans are really good at adapting to adverse situations. -Dr. Shawn Mccoy

 

Things You’ll Learn In This Episode 

  • Don’t overlook land
    The housing market isn’t just being affected by interest rates and inflation, the scarcity of land is also a huge issue. Why is this issue bigger in Nevada?

  • An interesting time in housing
    There are many factors and forces affecting what buyers can afford. What are some of those things that are happening at the street level?

  • Why it’s a good time to buy 
    The wealth gap between renters and owners is the widest it's ever been. How can we make homeownership a reality for more people?

  • A better way to read real estate data 
    We tend to use historical housing information to predict the future, but does this approach actually help us?

 

Guest Bio

Dr. Shawn J. McCoy, who was born and raised in Las Vegas, NV, is the Director of the Lied Center for Real Estate in the Lee Business School at the University of Nevada, Las Vegas (UNLV). At UNLV, he is responsible for leading the Lied Center’s agenda of excellence in teaching and forging strategic partnerships to bring together real estate researchers, students, and industry and community leaders. Dr. McCoy also conducts policy-oriented research addressing issues that affect the real estate industry and public policy. To learn more about the Lied Center’s research, visit https://liedcenter.unlv.edu/

 

About Your Hosts

Tiffany Banks is the CEO and former general counsel of Nevada REALTORS®.  Her leadership is defined by a strategic approach to real estate advocacy and a commitment to community enrichment. With over a decade of legal experience, Tiffany guides the organization's direction with a keen focus on strategic consulting, complex legal analyses, and new business development. Nevada REALTORS® has successfully navigated legislative sessions, forging strong relationships with stakeholders and enhancing the community presence through impactful projects. Tiffany’s role encompasses not just operational management, but also driving growth and fostering a culture of excellence within the team and the broader real estate community.

 

Brandon Roberts is the President of Nevada REALTORS® and Corporate Broker/CoFounder of Signature Real Estate Group. Signature Real Estate Group is a real estate and property management brokerage that has grown to almost 800 agents in multiple states. He has been practicing real estate for over 27 years and has been a broker for 21 of them. Brandon has trained and coached Real Estate brokers and agents all over the country. His state of the art training at the Real Estate Academy has brought new agents to new levels. Making them into multi-million dollar producers within their first year.

 

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