5 Reasons Why It Makes Sense to Buy a Home Now
Many of the critical factors for a recovery in housing prices are in place. The drop in housing prices, coupled with the current low mortgage interest rates has brought affordability back into alignment with historical ranges in most markets. Unemployment levels appear to have bottomed out, and a growing number of real estate economic indicators […]
Previously Owned Homes Hit Highest Sales in Over Three Years
The economy has been on the road to recovery and this past April, United States home resales rose to the highest they have been in three and a half years. The National Association of Realtors® said that existing home sales increased nationally by 0.6 percent equating to an annual rate of 4.97 million units. This […]
Recovery to Continue in 2014, Says NAR; Rates and Home Prices Predicted to Rise
Recovery to Continue in 2014, Says NAR; Rates and Home Prices Predicted to Rise By Nick Caruso The real estate market will continue its road to recovery in 2014, with home prices rising 6 percent and mortgage rates hitting 5.4 percent. In addition, demand is predicted to plateau, all according to Lawrence Yun, chief economist […]
Update on Las Vegas Real Estate
Happy Holidays! There has been quite a bit going on in our marketplace today, from even further constraint in available housing, to increased NOD filings, to even higher sales prices in recent months. A little bit of history…… In August 2009, Clark County saw a whopping peak of 11,482 filings of Notices of Default. The […]
Low inventory in Las Vegas is driving up home prices
The lack of resale housing available in Las Vegas has caused all out-frenzy to buy, perpetuating a steady increase in pricing over the past year. The GLVAR (Greater Las Vegas Association of Realtors) reported earlier this month that the median price of single-family homes is up almost 14% since September 2011, and some sources […]
What is going on with appraisals today??!!
What is going on with today’s home values??!! Whether you’re a buyer or seller in today’s market, it’s probable you’ll encounter appraisal issues! Low inventory, likely due to AB284, has caused an all-out bidding frenzy for the few homes on the market today. Prices are regularly being bid higher by anxious buyers, and prices set […]
FOR THE BEST PRICE, NOW IS THE TIME TO SELL YOUR HOME!
If you’re thinking about selling your home, I’m thinking of telling you NOW’s the time! Now, I’m not a clairvoyant and I’m not privy to any secret housing information, so all of this is based on my own gut feeling…. But I DO eat, sleep and breathe real estate, every single day!!! Here’s my […]
WHAT IS AB284 AND HOW IS IT AFFECTING THE LAS VEGAS HOUSING MARKET?
The assembly bill known as AB284 became effective 10-1-11 and dramatically reduced the number of foreclosure filings in Nevada. Just as a disclaimer, we’re not attorneys and don’t even pretend to explain nor understand the whole of the law. To put it as simply as possible, the bill requires lenders to file an affidavit regarding the possession […]
