Robert "Goody" Good REALTOR® - RE/MAX Hall of Fame Member  NV Lic # S.0174193
RE/MAX Ridge Realty of Mesquite Nevada
(801) 915-2398
Goody's Blog
 
June 16th, 2021 By Goody
The Fed announced that they will not raise the Federal Funds Rate, and it will continue to stay at 0 to .25%.
Although today’s decision doesn’t directly affect mortgage rates, the federal funds rate can impact other interest rates that are tied to borrowing costs. 

Want a deeper look at the federal funds rate and its relationship to inflation, employment, and credit? Check out this overview.
 
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March 18th, 2021 By Chase Hansen Cherry Creek Mortgage
The Fed announced the Federal Funds Rate will remain unchanged at 0 to .25%
Today's decision doesn't directly affect mortgage rates, but the federal funds rate does influence interest rates that can affect borrowing costs for households. 

What does this mean for home owners and home buyers? It could be a great time to leverage low rates by:
  • Buying a new home
  • Refinancing to get a lower rate or eliminate mortgage insurance
  • Financing home renovations
  • Funding major expenses (like college tuition)
  • Consolidating debt*
Want to learn more about the federal funds rate and how it ties to inflation, employment, and credit? Check out this quick explanation.

I'm always available for a conversation about home financing - reach out to me today! 
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February 18th, 2021 By Goody
Mesquite Building Permits Issued January 2021 Down from 2020
The City of Mesquite Building Department issued 13 permits for new home construction in January.  That is down from January 2020 when 29 permits were issued for single family homes. Pulte Homes took out 10 permits for new homes in Sun City Mesquite. One permit each was issued to Jackson Contracting, Maves Construction, and View Point Contractors. The decline in permits could be due to the backlog of  building materials especially the roof trusses.  New construction is now taking longer and longer to complete.  In some cases up to 1 year.  Demand is high and we are hearing rumblings of some new projects for new homes starting soon.  Stay tuned for more information.
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February 8th, 2021 By GLVAR/Goody
Las Vegas area housing prices remain at record level as supply drops

The median sale price of a single-family home sold in Southern Nevada in January matched an all-time high at $345,000, according to a report today from Las Vegas Realtors. The mark is a 13.1% increase from January 2020. More important, it equals the record-setting median price of the past two months. “The local housing market continues to perform better during this pandemic than most of us expected".  There are 2,315 single-family homes listed for sale without any sort of offer, which is down 52.8% from one year ago. There are 847 condos and townhomes listed without offers, a 40.3% drop from one year ago. A total of 3,262 properties were sold in January. “This presents a great opportunity for sellers, who’ve never seen a better time to sell their home for top dollar,”  The above statistics are from teh Las Vegas Valley and they mimic Mesquite quite well.  Call me for a market anaylsis of what your home will sell for!!

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February 1st, 2021 By Goody
NATIONAL MARKET UPDATE February 1st
NATIONAL MARKET UPDATE
 
 
 

New Home Sales were up 1.6% in December, ending the year up 15.2% from a year ago. Sales in 2020 of new single-family homes were the best in 14 years. The average price is up, but low mortgage rates keep properties attractive.

Inventories were up by 12,000 units, yet sales have slowed since summer because there still aren't enough finished new homes. Fortunately, the number of new single-family homes started is up 27.8% from a year ago.

Lack of inventory is also slowing existing home deals. The Pending Home Sales index of contracts signed on those homes dipped a smidge in December, but is up 21.4% year-over-year!  

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January 29th, 2021 By Chase Hansen - Cherry Creek Mortgage
Federal Funds Rate Remains Unchanged
The Federal Funds Rate is staying the same at 0 to .25%. 

The Fed's interest rate decision doesn't directly affect mortgage rates, but today's rates remain historically low.
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January 7th, 2021 By Goody
Building Permits are on Fire
There were 46 single family residence building permits issued by The City of Mesquite in November.  The number for December was equally impressive at 44!  Compare that to 2019 were there were 27 permits issued in November 2019 and 19 permits issued in December 2019. Pulte Homes of Nevada /Sun City Mesquite was issued 18 permits for new homes in November with another 32 permits taken out in December. Nevada Residential Construction (NRC) took out 13 permits in November and 7 more in December.  The other permits in November went to LHSC with 10, and one permit each to Jackson Contracting, AMB Construction, White Rock Development, Hot Iron Construction, and 1 to a private builder.  In December, Jackson Contracting took out two permits as did Meadowland Enterprises. One permit went to a private builder.
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November 27th, 2020 By Goody & Zillow
Zillow Stats Year over Year 2019 vs 2020
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November 25th, 2020 By Goody
October Mesquite Market Report
Click the below link for the October Market Report.  The market has been RED HOT.  Prices are up across the board and inventory is down.  Contact Goody and he will give you the latest up to the minute market info on the phone.  Utilize my 17 years of experience to help you navigate through this difficult market.  Call me know!!!

Click for the October Mesquite Nevada Market Report


 
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October 27th, 2020 By Goody
September Mesquite Nevada Market Report
Click the below link for the September Market Report.  The market has been RED HOT.  Prices are up across the board and inventory is down.  Contact Goody and he will give you the latest up to the minute market info on the phone.  Utilize my 17 years of experience to help you navigate through this difficult market.  Call me know!!!

Click for the September Market Report
 
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