Brad Wass, Coldwell Banker Select Real Estate. Lic# S.191397

Brad Wass, Coldwell Banker Select Real Estate. Lic# S.191397 Reno Local 40 years, I love this place. Let me show you around and open some new doors!

11/19/2023

Advice for my friends. I Just finished a somewhat difficult probate home sale. Placing your home in a TRUST is the easiest way to give your home to your loved ones when we pass.
A WILL is only the vessel for the courts to follow, and the process will take more money and -time. Anyways, the sale produced happy sellers, happy buyers and life will go on. Call on me with any Real Estate needs and take care of each other.

A Recession Doesn’t Equal a Housing CrisisEverywhere you look, people are talking about a potential recession. And if yo...
05/02/2023

A Recession Doesn’t Equal a Housing Crisis

Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short. As the Federal Reserve explained in their March meeting, “. . . the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years.”

While a recession may be on the horizon, it won’t be one for the housing market record books like the crash in 2008. What we have to remember is that a recession doesn’t always lead to a housing crisis.

To prove it, let’s look at the historical data of what happened in real estate during previous recessions. That way...



Questions? I can help. Txt/Call: 775.742.3438

Everywhere you look, people are talking about a potential recession.

Why Buying a Home Makes More Sense Than Renting TodayWondering if you should continue renting or if you should buy a hom...
05/01/2023

Why Buying a Home Makes More Sense Than Renting Today

Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988.

And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic. With rents much higher now than they were in more normal, pre-pandemic years, owning your home may be a better option, especially if the long-term trend of rents increasing each year continues. In contrast, homeowners with a fixed-rate mortgage can lock in a monthly mortgage payment for the duration of their loan (typically 15-30 years).
In addition to...



Questions? I can help. Txt/Call: 775.742.3438

Wondering if you should continue renting or if you should buy a home this year?

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]With so few homes on the market right n...
04/28/2023

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget. You can also work with a trusted lender to consider alternative financing options and search for down payment assistance. If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.



Questions? I can help. Txt/Call: 775.742.3438

With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.

Why Today's Foreclosure Numbers Are Nothing Like 2008You’ve likely seen headlines about the number of foreclosures climb...
04/27/2023

Why Today's Foreclosure Numbers Are Nothing Like 2008

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today.

According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think twice about buying a home for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.

Let’s look at the latest information with context so...



Questions? I can help. Txt/Call: 775.742.3438

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market.

The Three Factors Affecting Home Affordability TodayThere’s been a lot of focus on higher mortgage rates and how they’re...
04/26/2023

The Three Factors Affecting Home Affordability Today

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.

Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.

>>Mortgage Rates: While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now with some volatility during that time. And even a small change in mortgage rates impacts your purchasing power.

>>Home Prices: Over the past few years, home prices appreciated rapidly as the...



Questions? I can help. Txt/Call: 775.742.3438

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers.

What Are the Experts Saying About the Spring Housing Market?The housing market’s been going through a lot of change late...
04/25/2023

What Are the Experts Saying About the Spring Housing Market?

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now. Here’s what industry experts are saying right now about the spring housing market and what it means for you:

Selma Hepp, Chief Economist, CoreLogic:

“We see more competition among buyers . . . Housing supply also tends to grow during the spring months.”

Greg McBride, Chief Financial Analyst, Bankrate:

“I don’t expect big moves in prices in the span of a month, but like the flower buds of spring, the housing market is showing signs of improvement. A pick up in activity with inventory still low does bo...



Questions? I can help. Txt/Call: 775.742.3438

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring.

The Power of Pre-ApprovalIf you’re buying a home this spring, today’s housing market can feel like a challenge. With so ...
04/24/2023

The Power of Pre-Approval

If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to find the right house and act quickly when you go to put in an offer. One thing you can do to help you prepare is to get pre-approved.

To understand why it’s such an important step, you need to know what pre-approval is. As part of the process, a lender looks at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand how much money you can borrow.

Basically, pre-approval gives you critical information about the homebuying process that’ll help you understand how much you may be able to borrow so y...



Questions? I can help. Txt/Call: 775.742.3438

If you’re buying a home this spring, today’s housing market can feel like a challenge.

Address

1170 S. Rock Boulevard T2
Reno, NV
89502

Alerts

Be the first to know and let us send you an email when Brad Wass, Coldwell Banker Select Real Estate. Lic# S.191397 posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Brad Wass, Coldwell Banker Select Real Estate. Lic# S.191397:

Share

Category