Nevada offers various mortgage lenders, including banks and online options, making it essential for homeowners to find affordable locations and competitive mortgage rates. Las Vegas, with a median home value of $258,600, has a diverse population and a low property tax rate of 0.72%. Paradise and Henderson also feature higher home values but maintain the same tax rate. Reno, known for outdoor activities,...
Before moving into your new home, change all exterior locks and garage codes. Consider a thorough cleaning, set up utility accounts, and update your address with the post office. Ensure all detectors are working and locate important controls. Once settled, establish routines and explore the neighborhood. The FHA's 203(k) program now allows borrowers to include repair costs in their mortgage, with...
Analysts predict rate cuts, potentially down to 1.75%-2% by end of 2026. Expected economic conditions in 2024: Cooling inflation and slight increase in unemployment....
High inflation puts a strain on household budgets, so the Fed uses rate hikes to slow down spending and cool the economy.Recent data suggests inflation might be easing, prompting the Fed to consider lowering rates later in 2024....
AI platforms are increasingly being used to connect potential buyers with off-market property listings.AI predicts potential home sales by analyzing detailed data on homeowner habits and property characteristics....
Economists expected Fed rate cuts in early 2024, but high inflation data changed the outlook. Debate centers on when (or if) the Fed will lower rates: later this year or not at all....
The Las Vegas Valley is facing a severe housing crisis with a shortage of over 78,000 affordable rental units for low-income renters. Various stakeholders and government officials acknowledge the problem and are taking action. The proximity to California's high purchasing power has inflated real estate prices in Nevada. Efforts to address the crisis include government funds and initiatives, but...
Rates are rising: To fight inflation, the Fed raised rates in 2023, causing mortgage rates to climb above 7%. Expert predictions vary: Some see rates staying high in 2024 with a gradual decline, while others predict Fed cuts later in 2024 and 2025....
Assumable mortgages require down payments as low as 15%. A new feature offers purchasing homes with a 2% mortgage rate....
The median price of existing single-family homes in Southern Nevada rose to $475,000 in June, up 7.7% from last year. Condos and townhomes also saw an increase, reaching a median price of $295,000, up 7.3% from a year ago. Despite a national sales decline, Southern Nevada's housing market is performing well, with more homes available for sale. In June, 4,114 homes and 1,367 condos/townhomes were...