According to Freddie Mac’s survey last week, the average rate for a 30-year fixed mortgage was 5.48%. This is one of the lowest rates since 2004. Furthermore the Fed has cut rates by 1.25 percentage points in eight days, and has lowered the target for the federal funds rate to 3%. It is possible that [...]
Entries from January 30th, 2008
Mortgage rates are lowest since 2004 as Fed cuts rates by 1.25% in eight days
January 30th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes
Tags: condos·Fed·fixed rate·homes·interest rate·Las Vegas·LIBOR·loan·mortgage·owner
Why Las Vegas real estate’s future in three to five years is so bright, you need to wear shades
January 24th, 2008 · 1 Comment · Las Vegas condos, Las Vegas homes
America loves hyping snapshots, and all the news and pundit’s discussions of it are focused on such events of the moment. The problem is that a snapshot is a picture of a moment and misses the big picture and long term trends. Same hype resulted in the irrational exuberance of 2003-2005 in Las Vegas real [...]
Tags: economy·Henderson·home·jobs·Las Vegas·Median·price·project·sold·statistics·Strip
Las Vegas median home price statistics, to believe or not to believe, conclusion
January 23rd, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes
As I stated in the last blog post, it is not helpful to make a decision on buying a Las Vegas or Henderson home based on the median and average prices, or the newspaper articles which base their “expert prediction” on these numbers. As I stated before, expert predictions are based on sold prices and [...]
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Las Vegas median home price statistics, to believe or not to believe, that is the question
January 7th, 2008 · No Comments · Las Vegas Real Estate, Las Vegas condos, Las Vegas homes
The median and average Greater Las Vegas residential pricing and expert predictions which are built up on these numbers are akin to someone saying that the median or average price of food items in a Super WalMart are $3.45. What does that number tell you? Does it tell you what the price of a gallon [...]
Back to blogging. Is this a good time to buy Las Vegas real estate?
January 3rd, 2008 · No Comments · Las Vegas Real Estate, Las Vegas homes
Welcome to my new version of Las Vegas Real Estate Agent’s blog, this is the blog arm of Las Vegas homes, condos, land, industrial and commercial real estate; which along with our web-site and forum compromise a fully interactive Las Vegas real estate educational system. Having a home of their own is everyone’s dream and [...]
Tags: buy·buyer·condo·condos·estate·home·homes·Las·Las Vegas·Nevada·real·sell·state·time·Vegas
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