Saturday, June 22, 2024

Legacy living: Building generational wealth for Black families with real estate

May 27, 2024 by  
Filed under Community

By Kimberly Smith

As the housing market in Nevada maintains its stability, it’s an opportune time for African-American buyers to explore homeownership. Despite economic challenges, assistance programs and opportunities for closing cost coverage can make the dream of owning a home a reality. 

In the second quarter, Nevada boasts a diverse array of properties catering to different budgets and preferences. Here’s a snapshot of what the market offers: 

  • Total Listings: Currently, there are 2,808 homes on the market, providing ample choices for prospective buyers. 
  • Luxury Living: For those seeking upscale properties, there are 644 homes priced at a million dollars and above, offering luxurious living options. 
  • Mid-Range Market: With 1,310 homes priced between $500,000 and $999,000, buyers can find properties that strike the perfect balance between value and amenities. 
  • Affordable Options: In the price range of $300,000 to $499,000, there are 1,226 homes available, catering to families and individuals looking for affordability without compromising on quality. 
  • Entry-Level Homes: For those on a tighter budget, there are 21 homes priced at $299.000 or below, presenting affordable entry points into homeownership. 
  • Special Deals: Additionally, there are opportunities for buyers interested in short sales and bank-owned properties, with 14 short sale properties and 25 bank-owned properties currently on the market. 

While it’s true that African-Americans may face unique challenges in qualifying for mortgages, it’s essential to highlight the assistance and support available. 

Through various programs and initiatives, prospective buyers can access resources to overcome financial barriers and secure their dream home. 

As an African-American realtor, I’m dedicated to helping my community navigate the complexities of the housing market. Whether you’re a first-time buyer or looking to upgrade, I’m here to provide personalized guidance and support every step of the way. 

Together, let’s turn your homeownership aspirations into reality. Contact me today to embark on your journey to homeownership in Nevada. 

Homeownership is possible! Please call me, the Queen of Real Estate! Kimberly Smith | 702-291-7098 | www.kimberlysmith.realtor | NV.Lic. No. BS.146388

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