We think these updates from the economic world underscore some positive changes that are impacting the Las Vegas Real Estate Market and across the USA. Data published today:
- Mortgage applications in the U.S. rose last week to the highest level in three months. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending April 3 increased 4.7% to 1,250.6 from 1.194.4 the previous week. Purchase volume…
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The Las Vegas Real Estate Market is quietly shifting to much healthier dynamics. The story is in the numbers:
- In December of 2008 we had 27,645 available homes for sale.
- As of April tenth we have only 19,335 available homes for sale.
This represents a dramatic drop of inventory of homes, town-homes, condos of 31% in a few short months- this is a tremendous adjustment for the Las Vegas Real Estate Market.
We are…
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Right now FHA Loans for Las Vegas Buyers are red hot, as they are available(!), affordable and flexible. They are a great lifeline for low income or high risk borrowers, as they have very small down payment requirments, very competitive rates and have easy credit score hurdles.
Since the housing meltdown began, FHA lending has soared to account for 20% of the total dollar volume in home loans – up from…
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