Gene's Las Vegas Homes

08/17/2023

Happy Easter! | Monthly Mortgage Payment in Nevada

Norman "Gene" Barrett is a real estate agent with REAL Brokers, LLC. Check out Norman "Gene" Barrett's listings or office listings.

08/09/2023

WRAPUP 1-US new home sales fall, but trend remains strong
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New home sales in the US fell 2.5% in June, but were still up 23.8% year-on-year. The median new house price dropped 4.0% year-on-year. The housing market is showing signs of stabilization, with an acute shortage of previously owned homes underpining demand. Despite rising mortgage rates, the Fed ra...

07/31/2023

Happy Easter! | US Homebuilder Sentiment Surges

Norman "Gene" Barrett is a real estate agent with REAL Brokers, LLC. Check out Norman "Gene" Barrett's listings or office listings.

07/30/2023

How high will mortgage rates climb? Experts weigh in
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Mortgage rates have been high for some time and are currently the highest they have been this year. Experts predict that rates could reach or exceed October's high of 7.2%, but will not go astronomically higher than that. The Fed is likely entering the later stages of its interest rate hiking cycle....

07/22/2023

Here's What Happens When the Home You're Buying Has a Low Appraisal
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When buying a home, one of the hiccups you might encounter is a low appraisal. This could cause the lender to pull the mortgage offer. To avoid this, you can negotiate with the seller and make up the difference with a larger down payment, or try to get a second appraisal. However, this is not a guar...

07/13/2023

Happy Easter! | Buying a Home Above the Conforming Loan Limit

Norman "Gene" Barrett is a real estate agent with REAL Brokers, LLC. Check out Norman "Gene" Barrett's listings or office listings.

06/27/2023

Assumable Mortgages Shine in Residential Market
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Assumable mortgages are becoming a popular selling point in the residential market, as they offer buyers and sellers a way to benefit from low mortgage rates. However, since those with the lowest rates typically purchased their property about 18 months ago, it is unlikely they will be interested in....

06/25/2023

Mortgage Rates Continue to Rise in the U.S.
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Freddie Mac's Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage rate has increased to 6.79% and the 15-year fixed-rate mortgage rate has increased to 6.18% as of June 1, 2023. This is due to the current buoyant economy and the likelihood of a Federal Reserve rate hike. Sign u...

06/17/2023

3 things to know when financing a home with 401(k) withdrawal
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The real estate market in Arizona has cooled down, with the median home price in Phoenix being $410,500. For those who want to enter the market, there is an option of borrowing against their 401(k) funds with no penalties for purchasing a primary residence. However, this type of loan must be repaid....

06/06/2023

Mortgage demand drops as interest rates hit a 2-month high
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Mortgage applications to purchase a home dropped 4.8% last week, due to higher mortgage rates and a severe shortage of homes for sale, while applications to refinance a home loan fell 8%. The average contract interest rate for 30-year fixed-rate mortgages increased to 6.57%, with points remaining at...

05/30/2023

Buyers seeking smaller and more affordable homes, property professionals report
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05/22/2023

Happy Easter! | An Opportunity for First-Time Home Buyers

Norman "Gene" Barrett is a real estate agent with REAL Brokers, LLC. Check out Norman "Gene" Barrett's listings or office listings.