Goody's Blog
 
December 1st, 2017 By Inman News
Home values nationwide to see sharp declines from GOP tax plan
Home values in California could plunge by more than $56,000 and owners there could be exposed to $30,000 in new capital gains taxes under a House tax proposal that would cap the mortgage interest deduction at $500,000 and alter tenure requirements, new data indicates. The brunt impact of the so-called “Tax Cuts and Jobs Act” on California home owners is  merely one of the alarming insights to emerge from a new state-by-state analysis by the National Association of Realtors (NAR) of the GOP tax bill that passed in the House on November 16. “We know definitively that the tax reform proposals pending in Washington would hurt home values in every state across the country," said NAR President Elizabeth Mendenhall in a statement emailed to Inman.
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November 28th, 2017 By Goody
Mesquite Nevada No. 3 on SafeWise's state rankings
Mesquite is one of three Clark County cities to rank among the top 5 in SafeWise’s annual rankings of the safest cities in Nevada. One year after placing fourth on the list, Mesquite moved to No. 3 behind Yerington and Boulder City, which also held the top two spots in 2016. Carlin was fourth and Henderson was fifth.
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November 17th, 2017 By Goody aka Mr Sun City
Happy 10th Birthday Sun City Mesquite
Happy 10 Year Anniversary to Sun City Mesquite.  The community is more vibrant then ever.  A very festive community to live in.  Come experience the lifestyle yourself.  Contact Goody (Mr Sun City) for more information or to look at homes and models.  I can help you with new construction also.  I just built a new home, so I am aware of the process and can help guide you along the way if you decide to build new.
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November 9th, 2017 By Goody
Chamber of Commerce Weather Mesquite Nevada
This is what REALTOR's call Chamber of Commerce weather.  Basking in 70 degree temperatures in November is awesome.  We lived all summer for this.  I understand our friends up north are experiencing an early dose of winter?  What a good time to plan a trip to Mesquite.  The Real Estate market is still red hot.  Let Goody know how he can help! 
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October 23rd, 2017 By Goody
Mesquite, NV September Market Stats
September Mesquite Market Stats Click Here
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October 12th, 2017 By Goody
Mesquite, NV Building permits rise significantly in September
The construction industry is looking very healthy in Mesquite, Nevada.  Resales of existing homes are also on this same upward trend.  Being ranked #16 of the best American retiremnt towns by 55+ magazine is being noticed!  Building permits in September 2017 rose from 82 permits in 2016 compared to 120 permits in 2017. Del Webb/Pulte Homes took out 18 of those permits for new homes in Sun City Mesquite. That’s the second highest number of permits in one month the builder has taken in this calendar year.
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September 27th, 2017 By Goody
Building permits Slow Down in August

The city issued 17 permits for new homes in August. That compares to August 2016 when 22 permits were issued. Pulte Homes, which builds all new homes in Sun City Mesquite, only took out six permits in August. That matches the lowest number of permits the homebuilder took out since February.

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September 5th, 2017 By Goody
Changes To Reverse Purchase Coming (HECM)

This past week Ben Carson, and HUD has made some dramatic changes moving forward on the reverse purchase and the current reverse mortgage as it stands. HUD does not feel that the one time down payment used today to purchase a home is enough to sustain values for the remainder of the client’s lives and that the equity in the home will be too much exposure to FHA in the future.  This is probably true to some extent as we continue to live longer lives.  We had a similar reel back about three years ago as well.  We have always thought the program is a tremendous benefit to our homeowner’s regardless of the financial situation HUD will essentially increase the down payment by another 10% as of October 1.  Which is a substantial increase to our buyer’s and borrower’s? So, a 300,000 home cost a client 150,000 today to purchase the home and have no mortgage payments for life, it will cost 180,000 basically on October 1st.  Any client that is interested in buying a home with a reverse purchase must be under contract and we must pull a case number before the end of this month to protect the current rules.  If they do so, they will still fall under the current 50% down ratios. Thus, if you know any client’s looking at buying a home or family or friends that are interested in a reverse mortgage, please have them call our office, so we can order a case number even if we don’t close until October or November, they will still be covered per today’s guidelines. At the end of the day, the program will still be a tremendous benefit to seniors buying a home or staying in the home.  But, the advantages to the homeowner continue to decrease simply because of the economics.

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August 11th, 2017 By Goody
Mesquite Nevada July Building Permits HUGE

The city of Mesquite Building Department issued 142 permits in total in July 2016  vs the 117 issued this July.  Subtract 48 of last years permits (rennovation at Sandstone Condos) and the real numbers are 117 permits this year vs 98 last July.  The city issued Pulte Homes of Nevada, who builds all the new homes in Sun City, 17 permits. So far this calendar year, Pulte has taken out 92 permits for single family home construction.

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August 10th, 2017 By Goody
Mortgage Forecast
Despite lower Stock prices and the ongoing tensions between the U.S. and North Korea, Mortgage Bond prices are near unchanged this morning.  Wholesale inflation, as evidenced by the Producer Price Index, was tame in July and also failed to light a fire under Bond prices.  With Mortgage Bond prices at their best levels since November and mortgage rates at the lows for 2017, I am recommending locking
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