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
 
March 18th, 2023 By Goody
Sun City Mesquite Sales Summary
Sun City Mesquite Sales Summary

2381 Net Sales – Project inception to 3/12/2023
2285 Closings – Project inception to 3/12/2023
96 Homes in Backlog (sold homes under construction)
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March 7th, 2023 By Goody
Sun City Mesquites Newest Villages Coming in 2023, Dusty Rose & Roaring Creek
Sun City Mesquites Newest Villages Coming in 2023, Dusty Rose & Roaring Creek. Click the blue link below for a video tour.
https://www.dropbox.com/s/acd72tyyjz6e9al/Dusty%20Rose%20-%20Roaring%20Creek.mp4?dl=0
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February 3rd, 2023 By Goody
Sun City Builder Ready Homes for Sale
The blue link below here will direct you to the current homes that the builder (Pulte Sun City) has offered for sale. These homes are in various stages of construction. Remember to contact Goody before you call the Sales Center so you can have proper representation.

/my_files/temporary_files/Sun%20City%20Move%20In%20Ready%20Homes%202-1-23.pdf
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February 1st, 2023 By Chase Hansen - Cherry Creek Mortgage
The Fed announced that the target range for the Federal Funds Rate is rising by 0.25%.
The Fed announced that the target range for the Federal Funds Rate is rising by 0.25%.

How does a Fed rate increase impact the economy?
  • In an effort to limit inflation, the Fed has been raising rates.
  • Even though a higher rate can make borrowing money more costly, it can also increase returns on certificates of deposit and savings accounts, and drive a stronger U.S. dollar.
What does this increase mean for home owners and buyers?

Though mortgage rates have steadily risen over the last few months, it may still be a great time to consider:
  • Taking advantage of our rate buydown programs in order to buy a new home:
    • Temporary buydowns lower the interest rate for a set time period at no cost to the buyer
    • 3-2-1, 2-1, and 1-0 programs are available
    • Sellers and third parties, such as real estate agents, can fund the buydown cost
    • Available for: Conforming, High Balance, HomeReady, and Home Possible. Also available for FHA, USDA, & VA – including high balance (2-1 and 1-0 only)
  • Consolidating debt*
    • Since credit card interest rates are also increasing, this could be a good time to consolidate your debt into one affordable payment, thus skirting the more than 20% interest you may be paying with your credit card.
  • Funding major expenses (like college tuition or home renovations)
  • Refinancing to eliminate mortgage insurance
Though the housing market and mortgage rates are both dynamic right now, I am always glad to assist with:
  • Setting home financing goals
  • Assisting with Pre-Approvals and TRU Offer underwriting approvals
  • Selecting the right program for a home buyer or home owner's needs
  • Reviewing how different mortgage programs can impact a budget

I am here as a resource: reach out today to get answers your questions about rates or home financing options!
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December 1st, 2022 By Chase Hansen Cherry Creek Mortgage
2023 Loan Limits just Announced

New loan limits for 2023 are being announced, and I want to make sure you don't miss out on any information that can help your clients.

The updated limits for each loan program are listed below. Click on the links provided to view more details and search for limits by location to view the specific higher limits available in high-cost areas.



FHA 2023 Loan Limits

Baseline loan limit: $472,030

Ceiling limit for high-cost areas: $1,089,300

Click here to view FHA's announcement of the new limits

Click here to find the limits which apply to your specific area

 

2023 FHFA Conforming and VA Loan Limits

Baseline loan limit: $726,200

Ceiling limit for high-cost areas: $1,089,300

Although the VA eliminated loan limits effective in 2020, the VA follows loan limits set by the Federal Housing Finance Agency (FHFA) on conforming loans for VA-eligible borrowers with less-than-full (referred to as 'remaining') entitlement. There are no loan limits for Veterans and service members with full entitlement; however, they still must qualify for the requested loan amount based on their credit profile, income, and assets.

To view the 2023 Fannie and Freddie conforming loan limits for your specific county, please go to FHFA's website.

 

If you have any questions about how to help your clients maximize their buying power, please reach out to me today! I look forward to continuing to work together to help home buyers and home owners achieve their goals in 2023.
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November 17th, 2022 By Goody
Amazing Year End Deal Sun City Mesquite Bellwood
SUPER DEAL ALERT. Just in time for Black Friday. Thius is my favorite model. Sun City Management is looking for a quick year end sale and has given permission to sell this $626,983 brand new home for $486,923 with a possible forward commitment of 4.99% interest rate. It’s such an awesome investment. Please contact me for more info or to purchase this home. I will represent you in the purchase. This is in your best interest. Their sales team represents the seller, not you. Call me to discuss. 801.915.2398

Click the blue link below for a video tour.

http://www.youtube.com/watch?v=RQET0Fztwr4

 
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November 3rd, 2022 By Chase Hansen - Cherry Creek Mortgage
The Fed announced that the target range for the Federal Funds Rate is rising by 0.75%.
How does a Fed rate increase impact the economy?
  • The Fed has been raising rates in an effort to limit inflation.
  • Though a higher rate can make borrowing money more costly, it can increase returns on certificates of deposit and savings accounts, and drive a stronger U.S. dollar. What does this increase mean for homeowners and buyers?
Though mortgage rates have steadily risen over the last few months, it may still be a great time to consider:
  • Financing home renovations
  • Buying a new home and taking advantage of rising home inventories*
    • The tides started to turn in 2022... home buyer demand lessened, opening a window of opportunity for buyers. This led to some much-needed inventory gains, with for-sale housing rising annually for three straight months, according to Realtor.com.*
  • Consolidating debt**
    • Since credit card interest rates are also increasing, this could be a good time to consolidate your debt into one affordable payment, thus skirting the more than 20% interest you may be paying with your credit card.
  • Funding major expenses (like college tuition)
  • Refinancing to eliminate mortgage insurance
Though the housing market and mortgage rates are both dynamic right now, I am always glad to assist with:
  • Assisting with Pre-Approvals and TRU Offer underwriting approvals
  • Reviewing how different mortgage programs can impact a budget
  • Setting home financing goals
  • Selecting the right program for a home buyer or home owner's needs
I am here to answer your questions about rates or home financing options - reach out today!

Chase Hansen

Loan Officer
NMLS #1321014
 
chansen@ccmclending.com

https://www.cherrycreekmortgage.com/profile/chase-hansen

340 Falcon Ridge Pkwy Ste 100
Mesquite, NV 89027
Direct: (702) 345-2820

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November 2nd, 2022 By The Hill
Homebuyers want to move to these cities amid growing inflation: report
  • A quarter of U.S. homebuyers to looking for homes in a different metro, according to an analysis by the real estate company Redfin.

  • The top destinations are relatively affordable and sunny.

The analysis is based on nearly 2 million Redfin.com users who viewed for-sale homes online across more than 100 metro areas in the third quarter of 2022.

Las Vegas, San Diego and Tampa, Fla., closed out the top five places where Redfin users are looking to move, according to the analysis. Keep in mind that Mesquite mirrors the Las Vegas Vegas pretty much. So I think Mesquite will stay strong despite other areas seeing a decline in Home Buyers.
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October 21st, 2022 By Money Wise
Should I wait for real estate prices to plummet before buying a house? Here are 3 simple reasons why this housing downturn is nothing like 2008
Over two years in, this decade has already brought a global pandemic, record-setting inflation, rising interest rates and a country more divided than ever before.

So why not a housing crash too?

Americans who lived through the 2008 crisis may be watching the red-hot market starting to cool and getting flashbacks. And for prospective homeowners, it might be appealing to put your plans on pause until the market bottoms out so you can snag a house at a great price.

But experts say there are good reasons to believe that however this shakes out, it won’t be a return to 2008 — which will no doubt be a relief to anyone whose apple bottom jeans and boots with the fur have been long put away in storage.

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September 28th, 2022 By CNBC
Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
Key Points
  • The Federal Reserve raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level.
  • The central bank has been looking to bring down inflation, which is running near its highest levels since the early 1980s.
  • Fed officials signaled the intention of continuing to hike until the funds level hits a “terminal rate,” or end point, of 4.6% in 2023. That implies a quarter-point rate rise next year but no decreases.
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