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Welcome to the premier resource for all real estate information and services in your area. I hope you enjoy your visit and explore everything my realty website has to offer, including Las Vegas real estate listings, information for homebuyers and sellers, and more About Me, your professional Las Vegas Realtor.

Looking for a new home? Check back here often to see our Featured Listings, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

  

 

Daily News Stay Informed

How Current Interest Rates Can Have a High Impact on Your Purchasing Power

How Current Interest Rates Can Have a High Impact on Your Purchasing Power | Simplifying The Market

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford to buy will decrease if you plan to stay within a certain monthly housing budget.

The chart below shows the impact that rising interest rates would have if you planned to purchase a home within the national median price range while keeping your principal and interest payments between $1,850-$1,900 a month.

How Current Interest Rates Can Have a High Impact on Your Purchasing Power | Simplifying The Market

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

Act now to get the most house for your hard-earned money.

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Don’t Wait to Sell Your House! Buyers Are Out Now

Don’t Wait to Sell Your House! Buyers Are Out Now | Simplifying The Market

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

Let’s see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed to sustain a normal market for over a year at this point. A normal market requires six months of housing inventory to meet the demand. The latest report from NAR revealed that there is currently only a 3.6-month supply of houses on the market.

Supply is currently very low!

DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers who are actually out looking at homes) disclosed that “foot traffic grew 10.5 points to 52.4 in March as the new season approaches.”

Demand is currently very high!

Bottom Line

Waiting to sell will only increase the competition between you and all of the other sellers putting their houses on the market later this summer. If you are debating whether or not to list your home, let’s get together to discuss the conditions in our market.

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Tammy Eden
Signature Real Estate Group
9525 Hillwood Dr., Suite 180
Las Vegas, NV 89134
Phone: 702-513-1300
Email: eden_str@yahoo.com

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Testimonials

Tammy went above and beyond to help us find a tenant for our townhouse in Henderson. We live out of state, so she was very accommodating and ensured everything was done in a timely manner. Tammy is very professional, but personable- we highly recommend her and will definitely do business with her again Local knowledge:5 Stars Process expertise:5 Stars Responsiveness5 Stars  Negotiation skills:5 Stars  10/21/2017 - halls27
Highly likely to recommend !!!  10/19/2017 - zuser20150824185309310 Sold a Single Family home in 2017 in Lone Mountain, Las Vegas, NV. Local knowledge: Excellent 5 Stars !  Process expertise: Excellent 5 Stars !  Responsiveness: Excellent 5 Stars !  Negotiation skills: Excellent 5 Stars !  Tammy was fantastic. My parents introduced us to her. We were so nervous and unsure of the selling process but, she made it safe simple, straightforward, and quick. Her techniques, such as a virtual tour and amazing pictures, got our house to sell in 5 days. We were able to get the highest amount for our home in our area and it even appraised that high. Her superior advice and knowledge of the Vegas area, really sealed the deal for us. She was also available at any time of the day to answer my questions. If she was with a client then I always got a quick response that she would return my call. I'd recommend her and we are using her for the purchase of our new home. zuser20150824185309310
Tammy has been very helpful and extremely professional . My wife and i have been looking for a house and Tammy made this experience very pleasant and convenient as she not only found us the perfect home for our family but she even helped us get a loan and has taking care of a moving company that took all our belongings and set them at our new home. I would recommend her to anyone that's looking for an host professional agent that understands her clients needs and can put together the entire package 03/16/2017 - zuser20140320173543807
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Blog

How Much Is My Home Worth in Las Vegas, Nevada

How Much is your home worth in Las Vegas, Nevada? If you are planning on selling your home, that is a question you need answered. As your Local Las Vegas Real Estate Expert, I can help you to learn the answer to that question. I will personally do the ... Read more
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Tammy Eden | 702-513-1300 | Contact Me
9525 Hillwood Dr., Suite 120 - Las Vegas, NV 89134
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