Programs that help first-time buyers put down less than 10 percent of the purchase price have been around for many years. FHA, VA, and state and local housing programs are three of the best-known sources of loans ranging from 3.5 to 5 percent down. In recent years, some commercial lenders have offered mortgages as low…

Single family median prices reached a new high of $265,000 in Southern Nevada during September 2017. The latest price point reflects annual appreciation of 13.5 percent. Single family closings totaled 2,920 during the month, which was flat with last year, and effective availability stood at 1.9 months (down 27.0 percent). The condo/townhouse market posted higher…

Gross Domestic Product, the broadest measure of economic activity, climbed to a more normal 3.1 percent in the second quarter, up from 1.2 percent in the first quarter. Home loan rates bounced around due to tensions with North Korea, debt ceiling debates and devastating hurricanes, but they remained just above all-time lows in the third…

When homeowners decide to sell, they may find themselves justifying their choice to anyone whorsquo;ll listen. But, as the old saying goes, ldquo;Loose lips sink ships.rdquo; In todayrsquo;s world where sharing is the norm, sometimes keeping your rationale for making a move all to yourself is the right move. Though sellers would never intentionally want…

August 2017nbsp;Single Family Residential (SFR)nbsp;closed sales were up 4.2nbsp;from July and 5.1 better than August 2016. Year to date 2017 closed sales are now up 10 overnbsp;2016. nbsp; The median closed sales price of a SFR remained flat at $260,000 while the average closed sales price of an SFR dipped to $294,696 for a 2.86…