Mesquite Nevada homes for sale will be less affected by new regulations in lending and underwriting than many markets. The City of Mesquite recently spent around $80,000 on a Buxton study, to be used as a tool be promote Mesquite Nevada commercial development.
The study points out that 65% of the locals are above 45 years old, and the three highest demographic categories are called "Conservative Classics, Affluent Empty Nesters, and Cautious Couples". Virtually all came here from somewhere else, and as you might gather from the names, they are retirees.
While they are not immune to lender standards and rules, they tend, in general to have good credit and stable incomes. They can and do generally put 20% or more as a down payment. The more conservative nature of many of these folks leads to less leveraged debt and stronger net worth.
Mesquite Nevada real estate is being developed with the assistance of a very well thought-out master plan with current inventory estimates as high 14,000 vacant lots. It is laid out to be appealing and functional. The past speculative boom is creating a more affordable market as well. Home building competition will likely increase, providing a good supply and a competitive market balance for many years to come.
This supply and planning combined with the very desirable climate, proximity to many natural resources, lack of state income taxes, and Las Vegas will continue to draw the retiring baby boomer generation well into 2020.
As mortgage money becomes more difficult to borrow for many buyers, the crowd headed to play in the Sun Shine in Mesquite Nevada most likely will hardly notice the new regs.
Mesquite Nevada real estate might be the place for you. This great real estate environment does not, of course, change the fact that you still need an agent working for you, and you still need to know the recent sold comps (including the foreclosures) and those prices per square foot.
Chris W. Miller
ERA Brokers Consolidated
Mesquite NV 89027
702 346-7200
435-862-5951
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