Mortgage Rates

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Home Sales Starting to Soar

Wednesday, June 3rd, 2009

The number of homes that are under contract rose nearly 7% nationally when compared to last month. April was the 3rd straight month in which the Pending Home Sales Index gained and the biggest monthly gain since October, 2001. Homes under contract is one that is in pending status, which means that it has an [...]

Las Vegas Valley Foreclosure Numbers Drop in January

Thursday, February 19th, 2009

Las Vegas Valley home foreclosures declined 20% in January to 2,609 from 3,283 in December.  This was still an increase of 48% from January 2008.   Valley wide there were 31,416 bank-owned homes in 2008 with some analysts projecting as many as 50,000 foreclosures this year. Foreclosure.com’s U.S. Foreclosure Index showed a 25% drop nationally as [...]

Las Vegas Valley Prices Falling to 2003 Levels

Thursday, February 12th, 2009

According to the most recent housing data, prices in the Las Vegas and Henderson areas have continued on a downward spiral. Median home prices have fallen to $160,000, a 36 % decrease from a year ago and a 8.6% decrease from December 2008.  Condos and townhomes have also experienced decreases, with median prices dropping 50.6% [...]

Buy vs. Rent Comparison

Tuesday, January 13th, 2009

Many people ask why should I buy a home when I can rent hassle free. In order to answer that question you have to take a look at all of the advantage of home ownership vs the advantages of renting. The most obvious advantages to renting especially in today’s market is the fear of being [...]

Great time to buy!!

Friday, January 9th, 2009

For those of you who have been waiting on the sidelines during the past year, now is the best opportunity to buy in the past decade at least.  This home price reduction that we are currently going through could turn out to be the best time to buy in any of our lifetimes. Why do [...]

Great rates for those who qualify

Tuesday, December 9th, 2008

For those interested in some of the new low interest rate programs now available feel free to take a look at this article that I found though RIS media.  It explains some of the tougher qualifications needed to qualify for these great low interest rate programs. If anyone is interested in exploring their options further [...]

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