Interest Rates to Increase!- Breaking News!

BIG ANNOUNCEMENT TODAY!

The New York Times is reporting "The Federal Reserve (FED) decided to raise short-term interest rates for the first time since the financial crisis. Officials said the economy was strong enough to keep growing with a little less help from the central bank. The Fed is likely to raise rates slowly, but borrowing costs already have started to climb. The returns on some investments, like savings accounts, also are likely to increase."

With short term rates being at historic lows for the past 7 years, at near zero, rates will be raised a quarter of one point, to .25-.5%. This will impact home buyers as mortgage rates increase. With rates sill in the 4-5% range, Mortgage rates are still very low, especially when compared to interest rates of the early 1980's, when mortgage rates were at 17-18%.

Affordability decreases when interest rates go up, as home-buyers have less buying power for their money. But when you compare rates over time, we are still in a really great position and its a great time for home buyers to enter the market and or move up into more luxurious homes. For months the FED has been discussing rate increases and finally took action today. In Dave's recent crystal ball report, he predicts that at this time next year with the increase we will be at 4.6% interest rates. Because it's a great seller's market (here in Las Vegas) with less than a 3 month supply of available homes, and home values have been increasing, this will also affect home buyers and overall affordability. The FED also said subsequent increases will happen gradually.


Allow The Radcliffe Group to help you get into a new or resale home here in Las Vegas. They can help you secure the best interest rates available by connecting you to their preferred lenders.

The Radcliffe Group

Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

 

Written by Nickel Lowman

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-379-3401

www.DaveRadcliffeVegas.com 

Buy Now Before Rates Increase- Las Vegas Real Estate

Buy Now Before Rates Increase...

Affordability is great, and your money will go further now than when rates increase later in 2015? Or 2016? When will the rates increase? It's hard to say, but this is what rates were looking like today:

• 30YR FIXED - 4.125%
  
• FHA/VA - 3.75-4.0
• 15 YEAR FIXED - 3.25%-3.375%
• 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Interest rates are at historic rates, with inflation, it’s like “Free Money.” If inflation is at 2-2.2% you are just barely paying over inflation if you can get locked into a 2.75% interest rate. That’s just a half point above inflation. 

Buy now and get locked into a low rate! Save on the Purchase side. Potential home buyers have a low cost to buy, so it’s a great time to sell and homes are selling briskly in our current Las Vegas market. Or at least consider a refinance! Reduce your monthly payment and maybe even get rid of the mortgage insurance premium. Call us we would be happy to connect you with a qualified mortgage professional that we feel confident in referring.

Take a look at what FREE Money is all about....

Apply for a Home Loan Now!  Fire Fighters, Law Enforcement & Military Discounts Available!

As a firefighter, police officer or active or retired military service man or women, you never pay a full commission when selling your home with the Radcliffe Group and Mortgage Loan Discounts are available for your Home Loan or get your Closing Costs covered- no -out of pocket fees!

See What You Can Afford with the easy to use Loan Calculator

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 

Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection. 

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

Written by Nickel Lowman 

with rates & images quoted from MortgageDailyNews.com

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-379-3401

www.DaveRadcliffeVegas.com 

 

2015 Las Vegas Economy and Real Estate Crystal Ball Report

2015 Crystal Ball Report- Las Vegas Real Estate

Market Updates:

David Radcliffe of the Radcliffe Group of Keller Williams Realty Las Vegas is reporting form the West end of Summerlin on Las Vegas Real Estate Developments and The Local Economy as it relates to Real Estate. We believe keeping you updated and informed on the real estate market and home values is just as important as keeping you informed about how the local economy is impacted. We have video series available on these topics and others on our YouTube Channel. Subscribe today for the latest updates about Las Vegas, Centennial Hills, North Las Vegas and Summerlin.

Rates:

Interest rates should stay pretty stable most of the year 4.25-4.50% in place most of the year.

Values:

Moderate increase in value estimated at a 3-5%, and some areas increasing at a rate of 8-10% such as Summerlin. This is a good steady rate for home owners.

Inventory:

Slight inventory increases, current inventory started the year at 6,000 homes on the market we currently we are at 8,200 available homes for sale. I expect it should increase slightly. It will create more of a balanced market when inventory increases.

Foreclosures:

More foreclosures are hitting the market 10.5-11.0% of the Las Vegas Real Estate Market is foreclosures. It is slightly trending up from earlier in the year.

HOA Foreclosures:

Super Priority Liens legislative action is expected in June and July, then court challenges will begin and we expect legal opinion to be released soon. Be sure to check out our video series to learn more about how a Homeowners Association can lien your property and foreclose and the property can be sold for pennies on the dollar. We will have an update for you soon.

Lending Changes:

FHFA lending has announced changes. We expect to see “Lender Buy Back” portions where they really put heat on lenders, unnecessarily, which was pushing mortgages back if not done 100% right. If standards relax a bit, we might see lenders relax some lending guidelines.

Land:

Land prices are currently at $400K an acre, we don’t expect the market can absorb that going any higher, I expect land costs to stabilize and not go any higher, as developers cannot pass the costs on to the consumer.

Las Vegas Strip:

Stadium projects less than optimistic that they will happen, don’t see the cash flow. We will see some action and will update you as we know more.

Caesars will probably file Chapter 11 Bankruptcy, operationally it probably won’t make much of a change, but perhaps we will see some fall out.

Las Vegas Economy:

Gas prices are down 25%, oil has dropped down below $60 a barrel;, this may affect airline prices, soon, although it has not yet. It would be great for the local tourism and economy. Tourism has increase 3-4% this year, it would be great if it continues to.

Thank you so much for watching. If you need more information go to my website or give me call. As always, we always love to talk to you about all of your Las Vegas, Centennial Hills, Summerlin, and North Las Vegas real estate needs. Happy New Year from the Radcliffe Group at Keller Williams Realty Southwest Las Vegas 702-379-3401 www.DaveRadcliffeVegas.com

Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401
www.DaveRadcliffeVegas.com

Increasing Interest Rates Affect Home Ownership and Affordability

(702)379-3401 www.DaveRadcliffeVegas.com--- Increasing Interest Rates Affect Home Ownership and Affordability---We’ve been hearing a lot about what may happen with interest rates. Dave Radcliffe of the Radcliffe Group at Keller Williams Realty Southwest Las Vegas speaks to Chris Binney of Raintree Mortgage on the topic of interest rates. Chris has noted there has been a little pull back (meaning reduction in rates) that has been great for purchases and refinances. Changes look to be on the horizon. The Fed is ready to stop buying all the bonds; and that will cause the rates to increase. Prior to 2007 the rates were 6%, there is no surprise that it is going in that direction in the near future. We are anticipating rate changes by the first or second quarter of 2015 will start moving to upper 4%’s to low to mid 5%’s. As rates go up, and prices go up, home ownership will be less affordable for buyers. For Sellers, it reduces the buyer pool for those who can qualify. Now is the time to sell before the busy holiday season kicks into full swing. Give us a call to learn what your best options are for your home sale, purchase, or refinance, the Radcliffe Group will put you in touch with Raintree Mortgage. (702)379-3401 www.DaveRadcliffeVegas.com

Interest Rates, Affordability, Mortgage, Financing, Seller Information, Buyer, Market Updates, Raintree Mortgage

Mortgage App on the go. Rates. Pre-Approvals. Payments. Apply Online.

Mortgage App on the go. 

Rates. Pre-Approvals. Payments. Apply Online. 

 

(702)379-3401 www.DaveRadcliffeVegas.com---Dave Radcliffe of the Radcliffe Group of Keller Williams Realty Southwest Las Vegas and ChrisBinney of Raintree Mortgage and they are here to simplify real estate and share with you this great mortgage application that was created to help you on the go.

You can figure out any payment amount for any loan type,down payment or interest rate. Get prequalified online in minutes. Get rate quotes instantly. Find out how much you may be able to borrow. It's fast and free.

The good news is that the licensed mortgage professionals at Raintree Mortgage have the experience and industry insight necessary for funding home loans in today’s lending environment. Apply Today and Lock In Your Low Mortgage Rate with the Raintree Mortgage App.

Pay less interest over the life of your loan and find out how low your mortgage rate can be. Take advantage of our amazing client service, and see how much you can save. Since there are so many components to the mortgage process, we have taken special care to organize the most important qualifying steps, lending frequently asked questions, home buying and mortgage processes.

Get Pre-Approved by Our Lenders Now!

(702)379-3401 www.DaveRadcliffeVegas.com

Written by Nickel Lowman with Content from Raintree Mortgage