Robert Good REALTOR® - RE/MAX Miracle Agent
RE/MAX Ridge Realty of Mesquite Nevada
(801) 915-2398
Goody's Blog
 
May 17th, 2018 By Goody
Surging Mortgage Rates Set Off Scramble to Buy Homes

U.S. homebuyers, already contending with escalating prices, now are getting hit with the most-expensive mortgage rates in seven years. Funny thing: It’s only making them move faster.  The average rate for a 30-year fixed mortgage jumped to 4.61 percent, up from 4.55 percent last week and the highest since May 2011, Freddie Mac said in a statement Thursday. And homes that sold last month went into contract after a median of 36 days on the market -- a record speed in data going back to 2010, according to a new report by brokerage Redfin Corp. The lack of inventory is a bigger problem than rising mortgage rates. If anything, they want to close quickly before they get priced out of the market -- and have to pay more interest.  Call Goody now to stay ahead of the curve.

No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
May 17th, 2018 By Goody
New Mesquite Town Home Project Crestview Town Homes
Western Constructors of Royal Vista fame is rolling out a new town home project on Marylin Parkway called The Crestview Town Homes.  These are 1586/sf units with 465/sf garages. 3 bedroom priced around $270K.  More info coming soon.   Talk to me to get put on our prefered resident waiting list.  You will be the first to know when we release these units.  We should be in the ground by late summer.
No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
May 7th, 2018 By Goody
Buying a home? Sellers may use cameras, microphones to spy on house hunters
For those buyers who have worked with me, I have been preaching this mantra for years now.  Here is some info i got from a USA Today article: "A growing number of home sellers are using security cameras and microphones to spy on potential buyers as they tour their houses or condos. They then may use what they hear or see as leverage in price negotiations. Now, I routinely tell potential buyers to curb their enthusiasm while they’re in the house. “Before we walk in the door, I say, ‘Pretend the seller is home’ or ‘Pretend somebody is listening.’ Because you never know."  This could hurt the buyers position in the negotion process.
No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
April 21st, 2018 By Goody
March Building permits Up

35 single family residence permits were issued last month (March 2018) valued at $7.467 million. In March 2017, the city issued 28 permits in this category valued at $6.407 million.  New home construction in the first three months of the calendar year continues its upward trend compared to last year. The city issued 83 permits for single family residences in the first quarter of 2017, that compared to 101 permits for new homes issued in the first quarter of 2018.

No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
March 27th, 2018 By Goody
Great Article on How a View Affects Price
No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
March 17th, 2018 By Goody
Mortgage rates hit five-week low. Mesquite Nevada the time to buy is now.
Mortgage rates have hit their lowest point in five weeks.* On the heels of the bullish employment report released on March 9, rates have been inching lower and lower. Across the board, rates are the lowest they’ve been since they rose sharply in February in anticipation of looming Fed rate hikes.** Over the last seven days:
 
  30-year fixed mortgages are down seven basis points.
 
  15-year fixed mortgages are down four basis points.
 
  5/1 adjustable rate mortgages are down 15 basis points.                                                          
No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
March 9th, 2018 By Goody
Strong jobs report clears way for rate hikes

The Labor Department’s February employment report, released Friday, indicated an increase of 313,000 jobs, the most since July 2016 and surpassing expectations of around 200,000. Average hourly wages grew by 0.1%, which signaled a potential quell to inflation fears following last month’s 0.3% surge. And since interest rates moved higher on inflation fears after last month's report, a prudent expectation is for strong buyer response in the bond market. Finally, while still at 17-year lows, the unemployment rate disappointed slightly, coming in a 4.1%, just a tick higher than its expected 4.0% increase. 

For consumers looking to purchase homes in the near future, the most important takeaway from this month’s report will be its impact on next month’s Fed meeting. Last month’s wage growth sparked inflation concerns on Wall Street, and increased speculation that the Fed might raise rates four times this year, rather than the expected three increases. But Friday’s reduced rate of wage growth may signal that previous inflation fears were overblown. Still, today’s news does nothing to change the fact that the low-rate environment of the past several years is on the way out. For consumers looking to buy, it’s no longer a question of if rates will rise, but rather how long they’ll be able to take advantage of the low lending costs they’ve come to expect. 

No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
February 23rd, 2018 By Goody
Steady Growth Ahead for Mesquite Nevada
Mayor Al Litman in delivering his annual state of the city address projected that 2018 would most likely bring an added 4.2% of population growth making it the fastest growing city in Nevada.  What are you waiting for? Call Goody to help you relocate to the Desert southwest.  Word is getting out, hurry.
No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
February 23rd, 2018 By Goody
Natural Gas coming to Mesquite Nevada?
The Public Utilities Commission of Nevada will be holding a consumer session related to Southwest Gas Corp's application to bring natural gas to Mesquite Nevada.  This consumer session will be held on Wednesday Febraury 28th, 1pm @ City Hall.
No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code
 
February 17th, 2018 By Goody
Mesquite Nevada Building Permits Double January 2018
The city of Mesquite building department issued 52 permits for new single-family homes in January vs 26 permits in January 2017!
No comments have been made.
Add A Comment
Your Name:
Comments:
Security Code: Show Code