Posts with tag 'Buy Home'
Subscribe and receive email notifications of new blog posts.
RSS Feed
26
The Best Way To Keep Track of Mortgage Rate Trends
The Best Way To Keep Track of Mortgage Rate Trends
If you're thinking about buying a home, chances are you've got mortgage rates on your mind. You've heard about how they impact how much you can afford in your monthly mort...
23
The Las Vegas Valley Real Estate Market is heating up
he Las Vegas Valley Real Estate Market is heating up, well ahead of projections (which were already positive for 2024). Pending sales rose over 44% from Dember to January and are up a staggering 14.6% year over year, all of this before the Fed has even met in March where many experts expect them to lower interest rates.
The median price (across all property types: Single Family/Townhome/Condo) in Las Vegas/Henderson is also up 5.7% year over year with an average sales price up 9%, all despite a slower than normal 2023 for total transactions. The continued rise in prices is largely due to low inventory as well as the still high number of both individuals and businesses moving to the Las Vegas Valley from other higher priced surrounding states. With interest rates likely headed down and no sign of any large jumps in inventory, these general trends are expected to continu...
23
Some Experts Say Mortgage Rates May Fall Below 6% Later This Year
Some Experts Say Mortgage Rates May Fall Below 6% Later This Year
There's a lot of confusion in the market about what's happening with day-to-day movement in mortgage rates right now, but here's what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.
And if you're looking to buy or
26
Monthly Las Vegas Valley Real Estate Market Update
December brought with it some excellent signs for the market, and more good news on interest rates than we've seen in the past year and a half. While the FED has not actually lowered their prime interest rate, they have signaled that they intend to lower interest rates 3 to 4 times in 2024 with the first one expected in March. Despite the fact that the prime rate has not actually been lowered, mortgage interest rates have already moved down around a full percentage point from November, brining an average savings of $400 per month to buyers on a median priced mortgage. This has already led to a rise in pending sales in December, despite the holidays, a great sign that activity is likely to continue to pick up earlier than normal this year.
|
 |
