Dawn Barrier REALTOR®, 's Blog,LAS VEGAS BLOG

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Las Vegas 1st Time Home Buyers May Be Forced out of the Las Vegas Real Estate Market

Las Vegas 1st Time Home Buyers May Be Forced out of the Las Vegas Real Estate Market

 

Rising interest rates combined with low inventory and rising home prices may get some Las Vegas 1st Time Home Buyers to get of the fence and Buy Now (702) 812-4550, while for others it may kill their ideas of buying a Las Vegas home.

 

The longer a buyer waits to buy a Las Vegas home, the more risk they are at having to pay more for a smaller home or maybe not get into the neighborhood they desire. Even small rate increases add up According to Realtor.com - On a $300,000 house with a 30-year fixed mortgage and 20% down payment, the difference between 4% and 5% is $142 a month. That's more than $51,000 during the life of the mortgage.

 

Are you looking for maybe $250,000 Homes in Southwest Las Vegas?

 

Here are some Homes in South West Las Vegas zip code 89148 for $200,000 to $250,000

 

Did you see an "Online Estimate" of Your Las Vegas home value and you didn't like it?
Contact (702) 812-4550 to get the FACTS on what home prices are REALLY selling for in your neighborhood.

 

 

Posted earlier at: Las Vegas 1st Time Home Buyers May Be Forced out of the Las Vegas Real Estate Market

 

Dawn Barrier    EXP REALTY Las Vegas   (702) 812-4550 

 
 
 
 
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Any Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted,covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.

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Comments

Dawn Barrier | REALTOR Las Vegas Real Estate it's always a shame when 1st time home buyers are priced out of the market. We had that problem here when we experienced an oil boom. At that time the rest of the nation was in the dumpster financially and we had a lot of folks move here from Vegas and the rest of the country.

Posted by Bob "RealMan" Timm, Bob Timm, Project Coordinator for Tivoli Homes (Tivoli Custom Homes) 9 months ago

Here in Las Vegas it will really depends on the 1st time home buyers price point as someone looking under $250,000 will have a harder time than someone say in the $350,000 range.  Fortunately for many who are buying a 1st home, they make more money now as opposed to a few years ago so they have greater buying power.

Posted by Las Vegas Real Estate Agent Dawn Barrier, South Las Vegas, Henderson, Summerlin Homes (eXp Realty) 9 months ago

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