Posts with tag 'First-time Home Buyer'

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.

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The Latest Expert Forecasts for Home Prices in 2023

Are you thinking about making a move? If so, all the speculation that home prices would crash this year may have you feeling a bit on edge about your decision. Let the data and the experts reassure you. Prices aren't in a downward spiral and will actually finish the year strong.

Even though you may have heard talk that prices would drop 5, 10, or even 20%...

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Growing Your Net Worth with Homeownership

Take a moment to imagine where you want to be in a few years. You might be thinking about your job, money, wanting more stability, or goals you want to reach soon. Is homeownership a part of that vision? If it is, you should know owning a home has a whole lot of financial benefits.

One of the many reasons to buy a home is that it's a great way to build wealth and gain fina...

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National Good Neighbor Day is a national holiday in the United States celebrated on September 28. In the early 1970s, Becky Mattson of Lakeside, Montana created National Good Neighbor Day as a day to connect with and recognize the importance of strong leaders.

Your Monthly Real Estate Market Update for July, 2023

The median price for a single family home in the Las Vegas Valley went up $6,000 in July, going from $444,000 the previous month to $450,000. This matches the first time since last July that the median price has been the same or higher year over year, after experiencing a small price decrease from August 2022 to December 2022. The average sales price is also up year over year, from $549,950 last month to $569,962 in July 2023 (a 4.6% increase from last year).

Home prices are continuing to rise (although much more steadily than in 2021/2020) despite total sales being down, largely due to the fact that the inventory of homes on the resale market remains very low, currently there are only about 4,000 single family homes for sale in the Vegas Valley and only two months supply based on the cu...

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