There is a huge buzz about the Obama Administration tax credit for first time home buyers, however, the good news is if you have not purchased a home in the last three years are in fact a first time homebuyer. At the start of the talk, the original tax credit was going to be $15,000, [...]
This week saw yet another program introduced to stop the foreclosure tsunami here in the U.S. housing market. Project Lifeline consists of six of the major mortgage lenders give all homeowners that a 90 days delinquent a 30 pause on foreclosure. Other real estate bloggers have inaccurately described this program as being designed for homeowners [...]
President Bush is signing the Economic Stimulus Act of 2008 yesterday, Wednesday February 13. Everyone is hearing all about the rebate checks that most Americans will receive sometime in spring according to when they file their taxes. The rebate checks will be $600 for a single taxpayer, $1,200 for married couples, and $300 per child. [...]
Many real estate experts have reported that the new-home sales of 2006 will not meet expectations. The numbers are now expected to fall 17.7 percent to just a little over 1 million. Seeing falling numbers fall on charts is usually not a good sign, however in this instance the numbers do not reflect the fantastic [...]
These days it’s hard to turn on the television or read a newspaper without reading or hearing about a national housing bubble. The National Association of Realtors is trying to change this. NAR has started ad campaigns that they hope will bolster the real estate market. Ad campaigns have been placed to spread the news, [...]
Freddie Mac released reports that showed the national average commitment rate for a 30 year, conventional loan. The conventional fixed-rate mortgage was 6.36% in October, which was down from September’s 6.4%. However both September and October show higher mortgage rates than this time last year. Last week Freddie Mac reported that the 30 year rate [...]
When Las Vegas real estate analysts look at mortgage interest rates they have to consider how much loans have cost over the past 20 years. Las Vegas home buyers are only pay a little more on fixed-rate mortgages than they were a year ago. This number is considerably lower than the 7 and 8 percent [...]
Are mortgage interest rates in Las Vegas rising or falling. With Las Vegas home foreclosures more than tripling in the past year, industry experts are looking for answers. It’s no secret that many investors came in late last year trying to buy up real estate and flip it for an easy profit. Now experts are [...]
Since May Las Vegas home foreclosures have increased 83%. The rest of the nation has experienced 24% except for California, which is at 43%. According to industry experts the foreclosure rate is showing no signs of slowing. There have even been predictions that the Las Vegas homes numbers could triple again in the next six [...]
There seems to be some dark times lurking in the Las Vegas real estate industry’s future. It’s been no secret that real estate analysts have been concerned about the rising number of foreclosures in the Vegas area. According to Michael Krein, president of Nevada Real Estate Services, the worst is yet to come. Things are [...]
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