New Developments

A lot of people think the best time to buy a house is during the Spring market.

And, it is…

…in the sense that more houses are listed for sale in the Spring. But, there’s also a heck of a lot more buyers trying to buy those listings.

The thing is, some of the houses listed back in the Spring don’t end up selling. (Usually just because they were overpriced.)

Now, it isn’t like new listings don’t happen in the Fall. There’s always new listings coming on the market. But it’s not like, just because it’s Fall and not Spring, prices are necessarily going to fall. In other words, new listings aren’t likely to list for a lot lower than you would have seen in the Spring.

However, the homeowners who did list back in the Spring, are much more

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People don’t know what they don’t know, and what they do know is enough to create false perceptions

Key Takeaways

•         Erroneous assumptions about the business can cause a ton of confusion for the public about how the real estate process works.

The real estate process makes everyone an armchair expert by default. The buyer, the seller, their friends, co-workers and neighbors all know how real estate works.

After all, the last time they bought or sold a home was 10 years ago, and in their view, not much has changed. Misbeliefs and bad information are a dangerous combination.

People don’t know what they don’t know, and what they do know is enough to create false perceptions of a profession that is often surrounded by damaging

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For first-time home buyers, the challenge of coming up with a 20% mortgage down payment is often difficult enough to keep them out of the market. But the fact is, the 20% down payment is all but dead — and has been for quite some time, especially for first-time buyers.

Most buyers make down payments lower than 20%

“It’s been my experience that about half of my clients know that there are loans and/or programs that require less than 20% down,” says Kris Lindahl, a real estate agent in Blaine, Minnesota. “The other half still think that they must have at least 20% down in order to qualify for a home mortgage.”

But most people don’t put 20% down on a home, even though it’s the benchmark most often quoted by lenders and mortgage experts. More than

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Home price data for April shows another record high, the fifth consecutive month of new peaks.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index which covers all 9 US census areas hit its highest reading (188.50), rising 5.5% from a year earlier, but easing from the 5.6% gain for March.

The 10-City Composite annual increase was 4.9% (to 197.19), down from 5.2% the previous month; and the 20-City Composite posted a 5.7% year-over-year gain (to 210.64), down from 5.9% in March.

Month-over-month (before seasonal adjustments), the National Index was up 0.9% in April; the 10-City was up 0.8% and the 20-City gained 0.9%. After seasonal adjustments, the National and 10-City readings were 0.2% and the 20-City was up 0.3%.




“As home prices

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Following several weeks of decreases, mortgage rates were back on the rise this week.

"The 10-year Treasury yield increased more than 10 basis points this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate moved up as well to 4.19 percent, a 10 basis point jump. This week marks the first increase in the mortgage rate since December 29. The 2.8 percent decline in existing home sales in December is a reminder of the lack of homes for sale. According to the National Association of REALTORS®, supply is at its lowest level since 1999, a factor that should support higher house prices regardless of the oscillations of the mortgage rate."

Freddie Mac reports the following national averages with mortgage rates for the

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Two master-planned communities in the Las Vegas Valley were among the top 10 nationally for home sales last year, a new report shows.

Builders sold 769 new homes in Summerlin in 2016, up 28 percent from 2015. Buyers also picked up 564 new homes in Inspirada, up 45 percent, according to real estate consulting firm RCLCO.

  Among U.S. master-planned communities — sprawling projects with housing, parks and other components — Summerlin was No. 5 for new-home sales and Inspirada was No. 7.

No other Las Vegas Valley community cracked RCLCO’s top-20 list, released Wednesday. The company said it would publish a list of the top 50-selling communities in the next few days.

 

Summerlin runs along the western rim of the Las Vegas

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Now that you have seen the “Strip,” you may wonder if Las Vegas would be a great place to live.  As you start your research, know that the individual tax picture here is one of the lowest of anywhere in the U.S. You have probably seen articles about our great climate with more than 330 sunshine days a year. (That’s more than any place in the “Sunshine State.”) You may have read articles about Henderson, Nevada, being one of the safest cities in America to live. Have you wondered where Henderson is relative to Las Vegas? In real estate articles about the Las Vegas market you may have seen that Summerlin is the writer’s favorite area of Las Vegas for finding a home. Where is Summerlin relative to the famous “Strip,” where you found such exciting amenities

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It's A Buyers Market In Las Vegas

 

Real estate is one of the most prosperous investment avenues where you can expect your money to grow. The real estate market is supposed to boom in Las Vegas as with each passing day the demand for homes is growing. It is important for you to know the right approach to a buyer’s market so that you can make the most out of it. Before you step into the world of real estate, you must know about some strategies that would help you make the most
profit.

Understand the market

The first thing that you should do is to understand the market. If you are observing any real estate buyers market and notice that all the homes in that market are expensive, then you should look elsewhere. It is a good idea to check out homes

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Veterans, are you tired of finding the perfect home, only to make an offer and get beat out by a cash buyer? Don't give up hope! You can still move into the Las Vegas home of your dreams this summer courtesy of a new home builder that supports our troops.

For the rest of the month of June, Richmond American Homes of Las Vegas is running a special promotion for all VA Home Buyers in recognition of their service to our country. With only $1 in earnest deposit*, Vets can purchase a brand new home.

And the interest rates are great too! With Richmond's preferred lender, Home American Mortgage Corporation, the current rate is only 3.75% (4.05% APR) 30 year fixed rate VA financing***. (See details below.)

This is a tremendous promotion for our military

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With summer coming, most of our inquiries for homes include one key ingredient: an inground swimming pool. While the four homes featured here may not be within your budget, they sure are fun to look at and dream on! Take a look at what just a few millions of dollars can buy you in a pool home. Enjoy!

First up, La Maison des Jardin located in the renowned Spanish Trail guard gated golf community! This 24,000+ square foot European beauty with 2000+ sf guest house and meandering "secret gardens" sprawls across 3 golf course lots totaling an acre of land. The style is formal classic architecture with contemporary touches and soaring ceilings. Price tag: $7.85M.

Next, how about a private compound on almost 10 acres? Once in a lifetime opportunity to

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