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: 735 About Chakits: Chakits Krulsawat jumped into the Las Vegas Real Estate scene in 2009. Having negotiated over $20 mi...
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"Chakits helped me to buy a home about 6 months ago, just when the market was closing up. His knowledge, connections in the field and quick feet helped to secure our home. We navigated multiple bidding offers and looked at several homes. Chakits made a what can be a stressful process fun and successful. Highly recommended!"