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 […]
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 […]
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 […]
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 […]
Buying a house, sight unseen?
Never before today in my real estate career have I encountered so many folks who are buying property, sight unseen. In today’s busy, busy world of real estate purchases, more and more out of state and foreign buyers are wanting to invest in the Las Vegas housing market. I personally think NOW NOW NOW is the time […]
Is it possible to obtain home financing after short sale or a foreclosure?
As Realtors, one of the first things we do is make sure the buyer in our car has the ‘ability’ to buy: either they have cash funds to purchase, or they need financing. Buyers who’ve had a short sale or a foreclosure often think it’s the end of the road for them…. that due to their impaired […]
To buy or not to buy a Foreclosure
NOW is the time to take advantage of the Foreclosure market!! As most of us are very much aware, property foreclosures are on the rise across the nation, presenting significant financial opportunities for investors real estate, first time home buyers, and those looking to move up within the real estate market. A foreclosed […]
Selling your home? Read this!
We just had to re-post this fantastic article, written by Tara-Nicholle Nelson from ReadersDigest.com. 13 Tips for Selling Your Home By Tara-Nicholle Nelson from ReadersDigest.com We’ve all heard about how “bad” the real estate market is. But what’s bad for sellers can be good for buyers, and these days, savvy buyers are out in spades […]