Las Vegas, Nevada Real Estate Agent’s Las Vegas Homes, Condos, Land, Commercial Real Estate and Personal Blog

   I have admittedly ignored the third and in my opinion the best part of Las Vegas Homes, condos, land and commercial real estate and that is the Las Vegas real estate forum. The reason is lack of time and that it needed to be updated to function properly. But the forum is updated now and ready to come to life.

I have started to enlist the help of real estate related experts who truly excel in their field to moderate and answer questions in individual forum boards. The first one is Mr. John Le Francois who I have had the pleasure of working with for awhile. He is an excellent mortgage broker who works with Direct Access Lending and has agreed to be the moderator for Greater Las Vegas, Nevada Commercial Real Estate Financing and Mortgage. Go ahead and ask him any mortgage related questions.

He has posted a great article about understanding mortgage rates as it relates to current real estate market.  He shows by example that as inflation raises so do the long term mortgage rates, and the inflation is rising due to declining dollar value, high price of oil and the cost of current wars. None of these factors show any sign of slowing down so the mortgage rates will go higher.

Those who are waiting for further significant drop in Las Vegas residential real estate to buy a home or condo, risk paying higher mortgage payments due to higher interest rates. The accumulation of these higher payments over a period of time will wipe out any savings due to an erroneously perceived further significant price decline which is not coming.