Are Rates Expected to Increase

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low…

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Ways Home Equity Will Affect Your Life

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S.…

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Luxury Market is Attracting Buyers in 2021

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has…

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Home Mortgage Rates By Decade

Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever.…

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Market Report, November 2020

Market Summary During November 2020, the report showed Reno/Sparks had 550 sales of existing single-family homes; a decrease of 12 percent from October 2020 and a 20.9 percent increase from November 2019. The report listed the median sales price for an existing single-family residence in Reno/Sparks in November 2020 at $453,750; less than a 1…

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Market Report, October 2020

Market Summary During October 2020, the report showed Reno/Sparks had 616 sales of existing single-family homes; a decrease of 11.1 percent from September 2020 and a 9.4 percent increase from October 2019. The report listed the median sales price for an existing single-family residence in Reno/Sparks in October 2020 at $455,000; a 3.4 percent increase…

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Celebrate Veterans Day in a Meaningful Way

Want to celebrate Veterans Day, but you’re not sure how? Here six unique and appropriate ways to honor a veteran this Veterans Day from Military.com. 1. Send a Card – Send a “thank you” card to a veteran you know, or send one to a military installation. A simple postcard may seem like a small…

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Thinking Of Buying a Home?

The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It…

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4 Insider Tips for Anyone Buying or Selling a House

(NewsUSA) – Sponsored by GAF – How many houses have you been outbid on? And if you’re an owner who can’t even get a nibble out of buyers – if some barely even bother stepping inside – are you starting to feel like screaming? Yes, times are tricky for both buyers and sellers. “Rising demand among…

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Which Home Upgrades Are Worth it and Which Aren’t

(NewsUSA) – Sponsored by GAF – Mark your calendars. Come April, we’re looking at the start of peak home buying season – the four months that generally account for more than 40 percent of annual housing transactions. The reasons are pretty obvious: The weather is (cross your fingers) nicer, the holidays are a distant memory, and…

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Millenial Successfully Relocates and Buys Second Home at Age 25

(NewsUSA) – Amy bought her first house in Grand Rapids, Michigan at age 23. Fast forward two years and she has since sold that house and relocated to Pittsburgh, Pennsylvania. Two houses in two years at age 25: Here’s one Millennial who isn’t sacrificing homeownership for mobility. The relocation shuffle Although Amy was perfectly happy with…

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