The Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, has extended its COVID-19 mortgage forbearance program for multifamily property owners. The program had been slated to end June 30 but will now expire Sept. 30. FHFA Director Mark Calabria said in a news release that the third extension would help both families […]
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It’s Not Too Late To Apply For Forbearance
Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance. If your […]
Your House Could Be the Oasis in an Inventory Desert
Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of […]
USA Basketball Sets Plan for Olympic Camps in Las Vegas
For USA Basketball, the last stop before the Tokyo Olympics will be Las Vegas. The men’s and women’s national teams will hold training camps in Las Vegas in July, they announced Thursday, and they’ll be playing seven exhibitions there against other Olympics-bound national teams as well. USA Basketball will open its men’s training camp, led […]
Don’t Forget to Budget for Closing Costs
When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia: “When you close […]
Hot Market for Condos in Southern Nevada
The condo near Sunset Park looks like a run-of-the-mill unit in Las Vegas, offering two bedrooms, two bathrooms, a fireplace and a balcony. The one-level unit went under contract with a buyer less than a week after it went on the market — and sold for $20,000 over the asking price, its listing history shows. […]
Home Prices Rise to Record Levels in Southern Nevada
The Pahrump housing market has been heating up over the last several months, alongside the Southern Nevada market as a whole. The median home price for existing homes in Pahrump for a single-family home was $309,000 in May, up 14.4% over the same time a year earlier, according to data from the Las Vegas Realtors’ […]
Experts Say Home Prices Will Continue to Appreciate
It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II […]
3 Graphs Showing Why You Should Sell Your House Now
There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may […]
High-End Home Sales, Prices Jump as Market Flourishes
High-end home sales surged nationwide in the three months ended April 30 as prices also rose, according to a new Redfin report. High-end home sales jumped 26% compared to a 14.8% increase in mid-priced home purchases and a 17.8% gain in affordable home purchases. An abundance of high-end homes hitting the market is helping this segment flourish, […]
