ARCHIVED BLOG POSTS

2008 

WEEKLY RATE REPORT : Rates are down from last week. Seventh week in a row.  That's a nice streak. What makes this most interesting is that Fannie and Freddie starting tracking interest rates each week in April of 1971.   37 years ago.   In the history of this tracking, interest rates have NEVER b...
12/23/2008
Las Vegas home sales declined 2% from October to November. Condo prices have fallen 18% from prior month.  The medium sales price for single family home is $186,000 contributed by falling prices in the North and East. A total of 2,183 single family homes were sold in November just 258 shy of Nove...
12/23/2008
Go get your $7,500 15-year interest free loan from the government Tax credit offered to new homebuyers Expires June 30, 2009!   Who is eligible? First-time homebuyers or any homebuyers who have not owned a principal residence in the last three years How does it work? Eligible purchasers can claim...
12/16/2008
Las Vegas clark county population 1.9MM people There is a 7.75 percent sales tax on purchases and a 9 percent tax on hotel rooms in Las Vegas. Property tax is calcuated at assessed value (equates to 35% of the taxable value) multiply by the tax ratio (~0.328). This is approximately 1% of the valu...
12/16/2008
I qualify folks on what they can afford as a Monthly Payment which translates into a Home Price Range. I want to illustrate what waiting will actually cost in real dollars. Loan Amount Rate Payment Payment Rate Home $320,000.00 @ 5.25% = $1,766.00  $1,766.00 @ 6.00% = $294,700.00 $1,766.00 @ 6.50...
12/03/2008
Rainer
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Xiao-Qing (Shall-Ching) Lu

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