Median single-family price: $470K in Q4, ↓1.1% YoY, ↓3.9% MoM. Condo/townhome median: $275K, ↓5.2% YoY, also ↓ from Nov. Dec. sales: 2,261 units; homes ↓0.5%, condos/townhomes ↓1.5% YoY. 2025 sales: 28,498 units, lowest since 2007, ↓ from 31,305 in 2024. More listings without offers; market seen as stabilizing with improved buyer activity and...
Post-2008 safeguards hold: Stricter lending standards reduce default and foreclosure risks significantly. Persistent housing shortage: Long-term underbuilding continues to support prices nationwide. Demographic demand strong: Millennials entering peak buying years underpin long-term demand. Balanced market signals: Slower sales, longer listings, and price cuts...
Nevada home prices are expected to be flat to modestly up, not significantly dropping. A severe recession could trigger a small 3–5% Nevada price decline, not a crash. Modest price increases or stabilization are more likely than broad, steep price falls. Mortgage rate expectations—possible drop below 6% in 2026—could support stable prices....
You can remove someone from a mortgage without refinancing through options like loan assumption, court-ordered removal, lender release, bankruptcy, or a quitclaim deed. Loan assumption requires lender approval and qualifying solo, while court orders assign responsibility but don't remove liability. Quitclaim deeds transfer ownership but not mortgage debt. These methods may be less costly but often...
Securing a mortgage with bad credit is challenging but achievable. Start by checking your credit report for errors and work on improving your score by paying off debts and making timely payments. A larger down payment can also help. Consider government-backed loans like FHA or VA, and think about getting a co-signer. Shop around for lenders, as criteria vary, and demonstrate financial stability through...
Common mistakes when applying for a mortgage can lead to time, money, and frustration for home buyers. Key errors include making large purchases during the loan process, which can affect your debt-to-income ratio, and not using a local, experienced lender who understands the market. Additionally, failing to shop around for the best interest rates and loan packages can result in missed opportunities....
Buying a home requires planning, including saving for a down payment and qualifying for a mortgage. Prequalification involves providing financial documents like credit reports, tax returns, paystubs, and bank statements to determine affordability. Homeownership includes additional costs such as property taxes, insurance, and possible mortgage insurance. Common mortgage types are 30-year fixed and...
Compare listings
Compare