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home ownership

Feb 02 2024

There’s No Foreclosure Wave in Sight

Some Highlights

  • Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry.
  • If you look at the latest numbers, they’re still below pre-pandemic norms and way below what happened during the crash.
  • If you’re worried about a flood of foreclosures, the data shows a foreclosure crisis is not where the market is today and is not where it’s headed.

Written by Dr Jan Duffy REALTOR · Categorized: Housing Market Updates · Tagged: enjoy, foreclosure wave, good news, home ownership, home sweet home, homeowners, horizon, sign, stability, stay confident

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Testimonials on Las Vegas Home Search

Momentum is quietly building in the housing market. New data from NerdWallet shows more Americans are starting to think about buying a home again. Last year, 15% of respondents said they planned to buy a home in the next 12 months. This year, that number rose to 17%.

That 2% increase might not sound like a big jump, but in a market where buyer demand has been cooling for the past few years, it’s a sign things are starting to shift. More people are feeling ready (or at least closer to ready) to take the leap and buy a home in 2026.

And if you’re in that camp and buying a home is on your goal sheet this year, this is your nudge to connect with a local agent and a trusted lender to start laying the groundwork now.

Planning To Move in Early 2026? Start with These 4 Steps

If you’re eager to get the ball rolling right away, here’s what to tackle first:

  1. Get pre-approved. A pre-approval gives you a real understanding of your buying power and what your payment could be at today’s rates. But keep in mind, Experian says most pre-approvals are only good for 30-90 days, so this step makes the most sense as you’re ready to get serious.
  2. Run the numbers. Look closely at all your expenses to come up with your budget. Consider what you’re spending on other bills and what your monthly mortgage payment would be once you buy. That way you go in with open eyes and you don’t stretch too far.
  3. Define your non-negotiables. Once you know the numbers work, figure out your must-haves. This includes your desired location, commute, layout, school district, lifestyle needs, etc. Getting clear on these now makes decisions easier once you start looking at homes.
  4. Choose your agent early. Look at reviews online and talk to multiple agents to find one you trust that you also click with. The right agent does more than show homes. They help you understand pricing, competition, timing, and strategy before you ever write an offer.

Thinking about Buying Later in the Year? This Is Still Your Window To Prepare

Even if buying feels like a late-2026 goal, this moment still matters. The buyers who feel the most confident later are usually the ones who quietly prepared earlier.

That doesn’t mean big financial commitments or major lifestyle changes. It just means setting yourself up so you’re ready when the timing is right. Here are a few low-stress ways to do that:

  1. Work on your credit. While you don’t need to have perfect credit to buy a home, your score can have an impact on your loan terms and even your mortgage rate. So, working to bring up your score has its perks. Paying down debt now and making payments on time can help bring your score up.
  2. Automate your savings. If you have to remember to transfer money into your homebuying savings manually, you may forget to do it. So, you may want to set up automatic transfers to drive consistency and remove the temptation to spend the money elsewhere.
  3. Lean into your side hustles: Do you have a gig you do (or have done before) to net some extra cash? Taking on part-time work, freelance jobs, or picking up a side hustle can help give your savings a boost.
  4. Put any unexpected cash to good use: If you get any sudden windfalls, like a tax refund, bonus, inheritance, or cash gift from family, put it toward your house fund. You’ll thank yourself later.

The common thread here? The right prep work makes a difference.

Bottom Line

If buying a home in 2026 is on your radar, start the conversation now. Not to rush a decision, but to give yourself time and clarity.

Because every move (whether it’s next year or later) is smoother when it starts with a plan. And if you need help coming up with one that works, connect with a trusted agent and lender.

  • Not Sure If You’re Ready To Buy a Home? Ask Yourself These 5 Questions.
  • Reasons To Be Optimistic About the 2026 Housing Market
  • Turning a House Into a Home: The Benefits You Can Actually Feel
  • Your House Didn’t Sell. What Now?
  • Headlines Have You Worried about Your Home’s Value? Read This.

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RSS Find a Home In Las Vegas Weekly News You Can Use

  • More Buyers Are Planning To Move in 2026. Here’s How To Get Ready. January 1, 2026
    Momentum is quietly building in the housing market.
  • Not Sure If You’re Ready To Buy a Home? Ask Yourself These 5 Questions. December 31, 2025
    If you’re trying to decide if you’re ready to become a homeowner in the next twelve months, there’s probably a lot on your mind.
  • Reasons To Be Optimistic About the 2026 Housing Market December 29, 2025
    If a move is on your radar for 2026, there’s a lot more working in your favor than there has been in a while.
  • Turning a House Into a Home: The Benefits You Can Actually Feel December 25, 2025
    There’s a lot of conversation about home prices, mortgage rates, and affordability right now – and those things are important.
  • Your House Didn’t Sell. What Now? December 24, 2025
    When your house doesn’t sell, it does more than disrupt your plans, it hits close to home.
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