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 […]
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 […]
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 […]
What’s Going On In The Market Today?!
Current inventory on the Las Vegas market is quite low today, which has caused a home-buying frenzy unlike we’ve seen in years! Any given property today will REGULARLY have multiple offers within days of listing, and often sell for MORE than the listed price! What’s a buyer to do? First and […]
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 […]
Buy a house TODAY !!
Wow! What a time to buy a house! Do you realize that today’s interest rates are below 5%? This is an incredible time to buy! If you’re renting for $1,000 per month, at today’s rates, you could spend that same $1,000 on OWNING a $200,000 home. Call New Home Resource today and let us help […]
Lending can be a nightmare…. or a dream :)
Have your financing ready to go!! Today’s lending environment has changed. Gone are the days of simply “fogging a mirror” as proof of life to obtain a home loan. Lending in the past few years has become MUCH more detailed and complex – your lender will require much from you, and they’ll need 45 days to […]