Las Vegas Home Inventory dropped by about 9% in February. The lack of inventory is driving home prices higher and higher in Las Vegas. In October there were 4163 homes on the market, since than Las Vegas has lost 24% of the home inventory . The break down is 10% Foreclosures, 15% Short Sales, 75% of home are traditional sales. Many predict a 10%-20% in appreciation this year.
In Northern Virginia there are currently 3,081 homes on the market for sale. That is the smallest inventory in eleven years. Even during the middle of Winter, open houses are averaging about 25-30 interested home buyers, with no shortage of good buyers. Two areas that need improvement are in short sales and foreclosures.
Purchasing a home is one of the most important decisions that an individual makes in their lives. A home inspection is a limited, non-invasive examination of the condition of a home, usually for the sale of that home.
Inspections are conducted by a professional home inspector who also prepares and delivers a written report of the home findings. Here are 5 tips a home buyer should know before a home inspection.
Reducing your home mortgage loan will allow you to save more money but also acquire your home faster. Here are some examples of mortgage tips that will help you save more money on your mortgage. Cut regular expenses, set up automated recurring payment, increase repayments as rates continue to fall and have your wages paid directly into a home loan account. Watch the video for more tips on how to save money on your home mortgage loan.