The Real Reason Home Prices are Increasing

Posted by & filed under Las Vegas Real Estate.

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberanceâ€� (this is also untrue as prices are… Read more »

2 Charts That Show the Truth about Home Affordability

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There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. The naysayers are correct in the fact… Read more »

Low Interest Rates Have a High Impact on Your Purchasing Power

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According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is… Read more »

Homeowners: Your House Must Be Sold TWICE

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In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for… Read more »

Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC]

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Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investmentâ€� (ROI). While big projects like adding a bathroom or a complete remodel of a… Read more »