Existing home sales put an end to two straight months of gains, retreating in April on both a monthly and annual basis.  The National Association of Realtors® said the sales of single-family homes, townhouses, condos, and cooperative apartments dropped by 2.5 percent from March’s estimate of 5.60 million to a seasonally adjusted annual rate of 5.46 million.…

Homebuyers are Stretching Their Budgets and Mortgage Limits More buyers are stretching their budgets, putting less money down or using adjustable rate loans that offer lower rates. Buyers today need to be not just pre-approved for a mortgage but have a mortgage commitment. Borrowers have more options for low-downpayment loans, options that were not available…

Las Vegas Housing Market: Las Vegas named the hottest real estate market for 2018 Las Vegas was named the number one real estate market in the country for 2018. The site based its criteria on the price and amount of existing homes, new home construction, and local economic trends. “We’ve been number one a lot…

The time is NOW to buy, sell or refinance Purchasing or refinancing? Let us help you unlock the door to your dreams! Homebuyer Mistakes to Avoid: Assuming you won’t get approved for a mortgage Ideally, you’d like to have as little debt as possible, an impeccable credit score, and a 20% down payment before borrowing…

Mortgage Refinance Rates As we all know, rates are inching up. And while we know it is no where near time to panic, uninformed clients read these headlines and they can start to worry about buying that new home.  What they don’t know is that there are options out there and one good loan candidate…

How Millennials Are Changing the Housing Market FACTS ON MILLENNIALS AND HOMEBUYING U.S. millennials total 66 million individuals and 24 million independent households The median age for first-time homebuyers has remained virtually unchanged for the past 40 years: In 2015 it was 31 years old, compared with 30.6 in 1970-74 Two-thirds of millennials haven’t reached that homebuying…