How Interest Rates Impact The Price of House You Can Afford

Freddie Mac’s last Primary Mortgage Market Survey reports that interest rates for a 30 year fixed rate mortgage are currently at 4.61%.  The interest rate that you lock when buying a home, not only impacts your monthly payment but also your purchasing power – or price of home you can purchase. Purchasing power, is the Read More …

Reno Sparks Real Estate Market Statistics for July 2017

Monthly market statistics have recently been released by RSAR (Reno Sparks Association of Realtors) through July 2017.  Homeowners will be pleased to know that our median price is up to $357,500.  That is just 2% below the peak in January 2005!  Inventory conditions also are strongly in Sellers favor, with only 1.6 months of inventory on Read More …

Housing Shortfall is Projected for Reno Sparks Region

EDAWN (Economic Development Authority of Western Nevada) projects a significant housing shortage for our area if new housing growth doesn’t pick-up substantially.  Based on their EPIC report, new jobs will outgrow new housing by 20,000 units within the next three years.   The EPIC Report’s scenario B, which forecast for 5,400 new jobs in the Read More …