Qualifying for a mortgage involves lenders reviewing your finances, including income, debts, and assets. Key documents include tax returns, W-2s, and credit reports. To improve your chances, maintain a good credit score, lower your debt-to-income (DTI) ratio, and save for a larger down payment. Avoid job changes during the application process and consider a co-borrower if needed. Obtaining a mortgage...
Real Estate
Las Vegas–Henderson–North Las Vegas, NV is projected to see a modest monthly housing cost decline among the top 50 US metros in 2026. Monthly housing payments in the Las Vegas area are projected to fall 2.50% yearly, averaging ~$2,361/mo. Lower mortgage rates combined with modest home price growth are expected to reduce monthly housing costs. Las Vegas...
Shopping for a mortgage involves understanding mortgage points, which allow borrowers to pay a fee to lower their interest rate and monthly payments. Typically, one point costs about 1% of the mortgage and reduces the rate by 0.25%. The savings depend on how long you stay in the home. Points can also be used with adjustable-rate mortgages, but the discount applies only during the initial fixed-rate...
Las Vegas housing market shows slower sales and lower prices. Median home price in October was $474,370, down 0.2% from last year, while condos dropped 9.5% to $285,000. Listings without offers rose over 30% for homes and nearly 48% for condos. Sales fell 10.1% for homes and 8.9% for condos. Housing supply increased to over 4.5 months, favoring buyers. Cash sales rose to 26.5%, with distressed sales...
Nevada boasts one of the highest investor-purchase shares in the country. Las Vegas draws investors thanks to strong rents and landlord-friendly rules. More homes are hitting the market, giving buyers extra negotiation power. It’s less about flipping fast, more about long-term rental income. For savvy buyers, Vegas is less glam-show and more...
Slide 1 Trump-backed 50-year mortgage sparks debate over long-term home affordability solutions nationwide. Slide 2 Current 30-year mortgage cap stems from 2008 financial crisis regulations—Congress approval required. Slide 3 Critics warn 50-year loans may not fix high rates or limited housing supply. Slide 4 White House reportedly frustrated...
Getting pre-approved for a mortgage is a crucial step in the home-buying process, allowing buyers to clarify their budget and demonstrate seriousness to sellers. The pre-approval process involves submitting a mortgage application, undergoing a credit check, and providing extensive financial documentation. Unlike pre-qualification, pre-approval offers a specific loan amount based on verified information....
1. Inventory remains historically tight, supporting resilient pricing despite affordability headwinds. 2. Investor participation steady but selective, focusing on rental yield. 3. New home builders see stable orders as resale competition stays intense. 4. Mid-tier homes absorb fastest; luxury slower. 5. Outlook: ↑3–5% (moderate appreciation in high-demand...
Home values near recent peaks; modest year-over-year declines seen as inventory recovers after earlier surges. Buyer leverage increases slightly, reducing bidding wars in many neighborhoods. Sales activity stabilizes but stays below pandemic highs as affordability limits some demand. Market likely shifts toward balanced conditions, less frothy than recent...
Median sale price as of Oct: $441,808 Sellers: 13,636 Buyers: 7,277 Sellers outnumber buyers by 87.4%. Nationally, sellers outnumber buyers by 36.8%. Inventory levels and stable pricing make Las Vegas a buyer-leaning market....