Posts Tagged ‘housing market’
Friday, December 8th, 2017
We all know that our Las Vegas Valley housing market is on fire. The RAIDERS are coming to Las Vegas. It’s very exciting news. Finally! we’ve been waiting for a VERY long time.
Are you in the market for a High-rise? Condominium? or Town Home? Single Family Home? Our Inventory is very limited. It is a sellers market that is for sure.
What neighborhood are you interested in? I have been helping buyers and sellers for over 16 years full-time here in Las Vegas. I service the complete Valley. Henderson, North Las Vegas, Summerlin, the SW and NW. I work with all types of buyers, first time home buyers and above. I enjoy working help others find exactly what they are looking for and I am really good at it. I am professional, trust worthy, honest and fun to work with.
Enjoy your day and evening, Penny O’Brien with RE/MAX Excellence, I put the Excellence in Real Estate. 702.321.9383
Thursday, September 21st, 2017
Interested in learning more? I have a personal contact energy consultant you can speak with to find out how solar can help you save on your monthly energy bill and you’ll be making the planet a better place with clean, renewable energy.
As you may know, Solar is far less expensive than traditional electricity in most places across the U.S. With $0 down, you’ll secure a low fixed monthly rate and save on your utility bill.
Solar panels have changed with time, they look different and work differently.
Want more information about the Las Vegas housing market and how to apply for Solar energy options contact me: Penny O’Brien 702.321.9383
Enjoy your day or evening. Penny
Friday, April 15th, 2016
I believe it’s very important to know as much as you can about the Realtor/Agent you chose to market your home. Whether you are buying or selling it really is necessary to know who you are working with. Here are just a few of my clients testimonials. And as always, I hope all is well for you and always. thank you for your time, Penny
I have worked with Penny O’Brien on both purchasing and selling a house here in Vegas and I highly recommend her. She is professional, knowledgeable and skilled. If you’re looking for a Realtor in Las Vegas, call Penny.
When it came to selling my house, I found Penny to be very trustworthy and was very helpful in explaining all the papers I was signing. If I called her and she wasn’t available, she would always get right back to me. I highly recommend her.
We have known Penny for approximately 8 years and she helped us purchase our first property in Las Vegas after renting for several years. The condominium was a great fit when we initially purchased it and then the housing market plummeted and we found ourselves wanting to be in an area of town that was more conducive to our jobs and actually felt that we also wanted to be in a house. Penny found us a great home in Summerlin and we still live there and have for the last 4 years. While living in the house, we rented our condo and did so for 4 years and finally decided to try to part with it once our tenants eventually were ready to move on rather than to try to rent again. Due to the condition of the housing market we decided to short sale our condo and Penny throughout the entire, lengthy process showed tremendous patience and responsiveness with the banks and was always available to answer our questions along the way. I would totally recommend Penny and her expertise to anyone looking to purchase a property in the Las Vegas community to purchase or sell.
We worked with Penny for a year on a very complicated home sale. Penny was always right there guiding us and making sure we were protected all the way. She went the extra mile to correct items that were not represented correctly and knew the in’s and out’s of the Purchase Sale Agreement with us and the Buyer’s and the bank. I would recommend her for any home sale, in any bracket, and in any market. She really knows her business! Thanks again Penny!
penny is a professional. she kept me updated through out the whole process. it was in a highly competitive market and there was a lot of ‘outbidding’ going on, and penny was onto the next place to show me. we saw about a dozen places which i put offers in about 6 after each offer was outbid by another. with her persistence, penny was able to land me the perfect fit. 9 years later in my same condo that penny found me, i couldn’t be any happier.
Tuesday, October 20th, 2015
Housing Data Holds Steady, Fed Does Too
Long-term housing data stayed solid in the third quarter, although some monthly data was disappointing.
August Housing Starts fell 3 percent from July and failed to meet expectations. Despite the decline, Housing Starts still kept pace above one million for the fifth straight month, signaling significant recovery after the housing bubble imploded in 2008. August Building Permits also were up 3.5 percent from July, reaching 1.17 million units.
August Existing Home Sales, as reported by the National Association of REALTORS® (NAR), also declined 4.8 percent from July to an annual rate of 5.31 million. This was below the 5.50 million expected. The disappointing drop comes after three straight monthly gains. Year-over-year sales, however, have risen for 11 consecutive months and are 6.2 percent above a year ago.
Finally, August New Home Sales surged to the highest rate since early 2008 and were up nearly 22 percent from August 2014. July’s numbers were also revised higher, signaling continued strength in the U.S. housing market.
FHA Eases Requirements for Some Borrowers
The Federal Housing Administration (FHA) announced over 60 loan guideline changes and clarifications that impact charge-off accounts, late payments, self-employed borrowers who have experienced a drop in income, and more. The changes took effect on September 14, 2015. While the changes are subject to lender approval, some of the new rules may make it easier for borrowers to qualify for an FHA loan.
Fed Held Benchmark Rate Steady
Investors were once again awaiting action from the Federal Open Market Committee meeting in September. Like prior meetings this year, the Fed opted to leave its benchmark Fed Funds Rate alone.
The Fed Funds Rate is the rate at which banks lend money to each other overnight. While this rate is not tied directly to home loan rates, when the Fed Funds Rate rises, home loan and other consumer rates may follow suit, depending on the economy and market conditions.
Fed Chair Janet Yellen said it is unlikely the Fed Funds Rate will be raised at one of its remaining meetings this year. While Gross Domestic Product surged in the second quarter and other key indicators show signs of a strengthening economy, the September Jobs Report was weak.
In the meantime, home loan rates have started this fall near historic lows. But it’s important to stay tuned in to action from the Fed and economic news here at home and overseas—all of which can impact the markets and home loan rates. Stay informed with my next quarterly REALinsight Market Update coming in January.
Thursday, July 31st, 2014
Are you curious to see what’s happening in our Las Vegas Housing Market? Check it out on my free home search. One home or many homes, if you like them give me a call and let’s check them out. Penny O’Brien @ 702.321.9383
I have another site that is strictly for the New Homes Sales in Las Vegas, Summerlin, North Las Vegas, the NW, SW and Henderson.
I work nights and weekends so don’t hesitate to call anytime. Thank you for your time and have a good day/evening.
P.S. I can help you find a rental too if that is what you’re looking for.
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent
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