real estate: Watch Mortgage Interest Rates
- 02/06/09 03:42 AM
I thought we might just pay attention to mortgage interest rates if the Government's giant stimulous package passes. I have not heard anyting about it but I do know the more Uncle Sam competes in the market for $$$, the higher interest rates will go. I think real estate sales will suffer if we see mortgage interest rates go over 7.5% per annum. Now 7.5% rates uses to be considered creme de la creme in the 1990's but sound high in today's market. If you get a chance, post your opinions and comments. Dave … (2 comments)
real estate: Real Estate Information For Reno & Sparks, NV January 18, 2008
- 01/18/08 04:33 AM
Well...We are into a new year and I thought you would like to see current home sales information for Reno and Sparks, NV and all Washoe County (excluding Incline Village). So often what you see or hear in the news media about home sales is doom and gloom. Sometimes it appears the news reporters think they are news forecasters. The worse they report and the worse things get, the better and the more accurate they think they are. Friends have asked me when the housing sales boom stopped. My answer is I saw the first signs in July of 2005. Did … (0 comments)
real estate: Absorbtion Rate? Or Just Supply vs. Demand?
- 11/14/06 06:02 PM
I started hearing about absorbtion rate a number of months ago and wondered how it was being associated with real estate. My broker explained it to me and I told him it sounded like what I've reviewed with sellers for years...before correct phrases like "absorbtion rate" were popular. It is obvious, to make it simple, if you have 4,679 homes on the market...we have 4,679 homes, condos and manufactured homes for sale in Reno and Sparks, NV as of tonight (11/14/06)...and on an average you sell 496 per month it will take 9.4 months to sell all those homes if no new … (5 comments)
Information on bank owned assets and short sales in Reno, Sparks and Washoe County, NV. Information about downtown Reno and the growth of Washoe County and Northern Nevada. Northgate News.
I thought we might just pay attention to mortgage interest rates if the Government's giant stimulous package passes. I have not heard anyting about it but I do know the more Uncle Sam competes in the market for $$$, the higher interest rates will go. I think real estate sales will suffer if we see mortgage interest rates go over 7.5% per annum. Now 7.5% rates uses to be considered creme de la creme in the 1990's but sound high in today's market. 
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