Market Snapshot Las Vegas Real Estate & Financing News by: Chakits Krulsawat
The Fed policy rate hike next week in now almost 100% certain, after recent comments by Fed Officials. The Fed anticipates three rate increases in 2017. The Fed's mandate is to keep strong employment and low inflation. Jobs data this week showed that the market remains strong, with low unemployment. Inflation in on the rise, both in the U.S. and abroad, as the economy continues to grow. Inflation pressures mortgage rate and could contribute to rate a hike.
Fannie Mae's Home Purchase Sentiment Index for February had five of the six components hit record highs, showing continued strength in the market. Consumer confidence in the housing market hit a new all-time high in February. Of those surveyed, 40% say now is a good time to buy a home. Although tight inventory remains a problem, there may be hope on the horizon. 22& of consumers say now is the good time to sell, also a new high.
If you are thing about buying or selling a home? Contact Chakits Krulsawat Las Vegas & Henderson Nevada REALTOR at 702-319-1092
Author:Chakits Krulsawat Phone: 702-319-1092 Dated: March 10th 2017 Views: 493 About Chakits: ...
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"I strongly recommend Chakits Krulsawat and his associates. Very professional with Outstanding service from start to finish. Last year while living in Honolulu, My wife and I decided to relocate in Las Vegas. As we were looking for a house to buy in Las Vegas, we saw Chakits Krulsawat's name and number online. We decided to call the number and boy, did we made the right decision. Anthony Houston helped us from start to finish with great service. They even provided us with a Loan Officer who was as helpful. Thank you again Chakits and Anthony. We are grateful for your help."