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 […]
Are Dated Appraisals Holding Back the Recovery?
Are Dated Appraisals Holding Back the Recovery? By Andrew King Some of the most beaten down real estate markets are finally experiencing that long-awaited bounce back from the crash. Cash offers are yielding more sales. Pent-up demand is driving prices higher. But something’s missing. Brokers in the faster markets, such as Nevada, California and Florida—where […]
Home Furnishings Month Reveals New Trends, Ideas
Since September was National Home Furnishings Month, let’s take a look at some of the hottest trends in home furnishings for the fall and winter. Lifestyle blogger Amy Henderson says keeping things eco-friendly is a growing trend as more people look to reduce their carbon footprints. Henderson says look for furniture composed of repurposed materials to […]
Most Common Fall Home Improvements for Homeowners This Season
With over half of all homeowners planning to make some type of improvement to their home this year, the question is: What exactly are they changing? Homeowners are choosing to wait until the high temperatures break and cooler weather hits to begin outdoor work, and home improvement companies are looking to unload new products to […]
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 […]
The Mortgage Debt Relief Act is About to Expire!
The Mortgage Debt Relief Act is soon to expire! And Congress has not mentioned a word about extending it….. NOW is the time to get your short sale completed! Let me first remind everyone that we’re not attorneys, and do not profess to understand this Act nor the law it its entirety. Seek professional […]
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 […]