Slide 1 Vegas home prices hit record highs—yet buyers quietly gain leverage. Slide 2 Single-family median reached $488,995, up 1.9% year-over-year. Slide 3 Inventory surged: listings without offers jumped 26% homes, 41% condos. Slide 4 Sales fell—down 6.6% homes, 20.2% condos—slowing competition dramatically. Slide 5 Homes sell slower now;...
Refinancing your mortgage can lower monthly payments, consolidate debt, or fund home improvements. Key tips include refinancing only after building sufficient equity, aiming for at least a 2% interest rate reduction, and considering all costs like taxes and fees. Check your credit score, debt-to-income ratio, and home value before applying. Always compare offers, negotiate fees, lock in favorable rates,...
Closing on a home transfers ownership from seller to buyer, involving signing documents, paying closing costs, and receiving keys. Key steps include organizing documents, reviewing loan and seller disclosures, checking the closing disclosure, and securing homeowners insurance. Prepare funds early for closing costs, lock in your mortgage rate, transfer funds securely, and do a final walk-through to...
Set a realistic budget considering mortgage, taxes, insurance, and repairs. Get mortgage preapproval to strengthen your buying power. Choose a location that suits future needs, factoring in commute, schools, and property trends. Never skip a home inspection to avoid costly surprises. Be prepared to negotiate price, repairs, and closing costs to save money and secure the best deal. Continue to full...
First-time homebuyers should ensure readiness by assessing financial stability, credit score, and down payment ability while maintaining an emergency fund. Prioritize needs versus wants in a home, and work with a trusted, experienced real estate agent. Get pre-qualified for a loan to know your budget. Make a reasonable offer with your agent's help, and always conduct a professional home inspection...
Slide 1: Southern Nevada home prices inched up, barely changing from last year’s levels. Slide 2: National home prices rose slowly, marking the weakest annual gain in over two years. Slide 3: Mortgage rates have dropped recently but remain high, limiting buyer demand. Slide 4: Homebuilders saw sales fall 19% this year, with median prices around...
Las Vegas homes split: unsold luxury sits, while entry-level houses remain fiercely competitive. Buyers gain leverage as listings jump 37%, slowing sales and extending time-to-contract....
Slide 1 Rents are dropping in Spring Valley, Las Vegas, and Henderson—big savings alert! Slide 2 Spring Valley one-bed rents fell 5.7% to $1,320—cheaper options southwest valley. Slide 3 City of Las Vegas rents slid 4.2% to $1,150—budget-friendly downtown living rising. Slide 4 Henderson one-bed rents down 4.1% to $1,420, easing pressure for new...
Obtaining a mortgage with a reduced interest rate is essential for prospective homeowners, as it can lead to significant savings. Key steps include improving credit scores, comparing lenders, and understanding loan types. Lower rates can decrease monthly payments, build equity faster, and save money long-term. However, challenges like qualification requirements and market volatility exist. Strategies to...
Slide 1: Las Vegas home prices slipped to $470K, down 2.1% from 2024, showing a cooling but stable market. Slide 2: Inventory jumped 37.4% to 7,502 homes, giving buyers more choices and easing market pressure....
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