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 […]
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 […]
Finding A Neighborhood With Great Schools If you have children, or even if you don’t yet but plan to in the future, schools are something you will need to take into consideration when you search for a new home. In most areas, certain boundaries define which schools your children will go to, and switching to […]
How Important Are Customer Reviews?
Whenever I make a purchase from eBay, I always read through the seller’s “Feedback” before committing to buy. I need to know if this seller is slow to ship, regularly does a terrible job in describing his product, or is a flat-out thief. My purchase of that item is going to be heavily-weighted based on […]
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 […]