New Homes on the Rise

For the first time since March 2010 new constructions hit a new high. Demands for new homes and apartment rentals grew and started shedding relief on our current housing situation. Builders are now cutting costs to help consumers in the current economic state. With every new home being started it helps create jobs, bring in more taxes and make the...

2012 Turnaround?

In a recent article from CBS News the talk of what’s to come in 2012 it’s definitely a hot topic. With unemployment rates dropping slightly and mortgage interest rates staying just under 4% for a 30-Year Fixed Mortgage the facts are there. In Fannie Mae’s November National Housing Survey homeowners believe their home value will rise 0.2%...

Black Friday Housing??

With prices continuously dropping why wouldn’t it feel like Black Friday in the housing market based on September data, especially in three cities Atlanta, Phoenix and Las Vegas? They have managed to hit ‘new crisis lows’ which isn’t something realtors in those markets want to hear – it is in fact a harsh truth about our current...

Obama’s Rehibilitation Plan

President Obama is visiting Las Vegas, today Monday, October 24, 2011 to announce a major change in the national home-refinancing plan. The proposed plan would help close to one million in foreclosure by allowing them to refinance if the debt owed is more the value of their home. Analysts are skeptical on outcome and still believe that it will be...

Foreclosure Plague

It seems the housing market isn’t getting any better with foreclosures continuing to rise. However, the percentage for month to month foreclosures has dropped almost 40% since September of last year. Nevada still ranks the highest with one in forty-four units going into the foreclosure process. For the full article click foreclose plague!...

The Ticker

With the housing market still in a slump the average number of days that someone in foreclosure hasn’t made a payment has grown again. Now at 611 days up from 599 days a year ago it is very bad news for banks especially. Foreclosure numbers keep rising and now banks aren’t able to get paperwork filed quickly enough which is dragging the...

Top 50 Cities

The best city to live in Nevada? It’s Henderson! Tucked next to the city of Entertainment, Dining, and Shopping, Henderson provides Nevadans access to the best of many worlds. Throw in a great tax climate, extensive park and trail systems, phenomenal climate, and proximity to many of the great places in the southwest, and awesome real...

Housing Market Opportunities

Troubling information from the Federal Housing Finance Agency (FHFA) in reference to housing market, numbers fell almost six percent from the 2nd quarter compared to a year ago. This is the biggest decline in two years which doesn’t make anyone feel better or does it? Mortgage rates dropped to 4.15% last week for 30-Year fixed mortgages...

When Will Housing Hit Bottom??

When will housing hit bottom? It will be a question that will affect many but no one knows for sure. Macromarkets.com just released a study at the end of June 2011 that had a 4 to 1 prediction that housing will hit bottom by the end of 2012 and the other one thought end of 2013. There are some pretty interesting statistics they came up with for...

Top 5 Cities to Buy and #1 Goes To…

Trulia’s Summer 2011 Rent vs. Buy Index compares  the cost of renting and buying, based on that information Trulia recently annouced the top five cities to buy and the results may surprise you. The number one top city to buy in the country was our very own Las Vegas, the price to rent ratio was 6 based on Trulia’s median price....