Reno Real Estate

04/08/2025

03/31/2025

09/05/2022

Reno hit 104 for a high temperature today!!

04/08/2020

"Are you stuck at home and interested in what your property value is? Great news, I am stuck at home too, but I am still working with multiple clients and I can help you too! Get an update on your property value today! No appointment necessary!
We can FaceTime or you can record a video walk through of your property, starting from front door. Feel free to talk through the property if you would like as you record.
Send me the video and your address
I will send you a current market analysis along with a range your homes sits in the current environment.
Ding! Easy peasy!
HARCOURTS NV1 REALTY
LICENSE #- BS0143516

03/26/2020

I received this from a lender that I know a couple days ago and maybe this will explain the difference between mortgage interest rates and the Federal Reserve.
Falling mortgage rates will likely hit a floor,. Here's why.
The Federal Reserve has taken emergency action to cut rates to zero. While 0% interest rates sound great to anyone who owns a home or is planning to buy, it’s important to slow down and talk through a couple of things.

First, the Fed does not control mortgage rates. Their cuts apply to rates for loans between the Fed and banks or from one bank to another.

Second, the Fed’s actions most quickly impact the rates on U.S. Treasury Securities. These markets can influence Mortgage Backed Securities, which will then influence mortgage rates.

However, in times of uncertainty, other factors can overrule the norm. This happened in 2008. Despite aggressive cuts by the Fed, mortgage rates hit a floor and never fell further. The same is happening now.
Why?

The volume of business. Demand for mortgage loans is stretching the industry’s capacity to serve. To slow demand, rates may hover at higher levels.
Reduced investment. When investors know borrowers will refinance early, they expect to lose income. This risk means fewer investors will buy new mortgage backed securities. Less demand equals higher rates.

The Bottom Line

A 0% Fed funds rate will not lead to a 0% mortgage loan rate. Mortgage bonds will always have a level under which investors simply will not purchase them, and mortgage rates reflect that.

The Good News

Mortgage rates are at or near their lowest levels ever. That spells opportunity to save significantly by refinancing or locking in a great rate on a purchase.

07/23/2019

July 23rd Reno Market report.

The most up-to-date look at housing prices and market trends.

07/09/2019

I hope everyone had a great Holiday weekend!
Here is the latest Reno area Market report.

The most up-to-date look at housing prices and market trends.

06/11/2019

Reno market report for 6/11/19. Not much change since last month.

The most up-to-date look at housing prices and market trends.

05/28/2019

May 28th newest Reno market report.

The most up-to-date look at housing prices and market trends.