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#ken Couture | Your Home Sold Guaranteed Realty Blog

Monday, March 9, 2020   /   by Michael Picciuto

New Homes Coming to the Housing Market This Year

New Homes Coming to the Housing Market This Year


 


The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction Report, the number of building permits issued in January was 1,551,000. This is a 9.2% increase from December.


 


How will this impact buyers?


New inventory means more options. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explained how this is good news for the housing market – especially for those looking to buy:


 


“More construction will mean more housing inventory for consumers in the later months of this year…Spring months could still be quite tough for buyers since it takes time to convert housing starts into actual housing completions.” ...

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  #exprealty, #ken couture, #yourhomesoldguaranteed, #lasvegashousing, #mortgage

Friday, March 6, 2020   /   by Michael Picciuto

The Difference an Hour Makes

The Difference an Hour Makes


 


Don’t forget to set your clocks forward this Sunday, March 8 at 2:00 AM EST in observance of Daylight Saving Time, unless you’re a resident of Arizona or Hawaii!


Every hour in the United States, 568 homes are sold and median home values rise by $1.92.


As we “spring forward” this year, be sure to reach out to a local real estate professional to see how you can take advantage of every hour in the housing market. ...

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  #exprealty, #ken couture, #yourhomesoldguaranteed, #lasvegashousing, #mortgage

Wednesday, March 4, 2020   /   by Michael Picciuto

How Interest Rates Can Impact Your Monthly Housing Payments

How Interest Rates Can Impact Your Monthly Housing Payments


 


Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor.


 


Freddie Mac explains:


 


“If you’re in the market to buy a home, today’s average mortgage rates are something to celebrate compared to almost any year since 1971…


 


Mortgage rates change frequently. Over the last 45 years, they have ranged from a high of 18.63% (1981) to a low of 3.31% (2012). While it’s not likely that the average 30-year fixed mortgage rate will return to its record low, the current average rate of 3.45% is pretty close — all to your advantage.”


 


To put this in perspective, the following chart from the same article shows how average ...

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  #exprealty, #ken couture, #yourhomesoldguaranteed, #lasvegashousing, #mortgage

Monday, March 2, 2020   /   by Michael Picciuto

The map below shows the average tax refund Americans received last year by state:

How Your Tax Refund Can Move You Toward Homeownership This Year


 


If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year.


 


Based on data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,962 when filing their taxes this year.


 


The map below shows the average tax refund Americans received last year by state:


 


According to programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae, many first-time buyers can purchase a home with as little as 3% down. Truth be told, a 20% down payment is not always required to buy a home, even though that’s a common misconception about homebuying. Veterans Affairs Loans allow many veterans to purchase a home with 0% down.


 


How can my tax refund help? ...

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  #exprealty, #ken couture, #yourhomesoldguaranteed, #lasvegashousing, #mortgage

Friday, February 28, 2020   /   by Michael Picciuto

10 Steps to Buying a Home

10 Steps to Buying a Home


 


If you’re thinking of buying a home and you’re not sure where to start, you’re not alone.


Here’s a guide with 10 simple steps to follow in the homebuying process.


Be sure to work with a trusted real estate professional to find out the specifics of what to do in your local area. ...

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  #exprealty, #ken couture, #lasvegashousing

Your Home Sold Guaranteed Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

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