Rents are on the Rise... Interest Rates are Low... Probably Time to Buy...

There was an article in the LVRJ last week saying, 

Rental rates rising sharply in Las Vegas Valley

Since the Year 2000, Rents have jumped from about 

25% to almost 33% of your Income.

Buying a Home is NOT like Buying a stock.

Buying a Home is more about where you are in Life.

If you're renting an apartment in any of the Red Zones,

 on the Map below, and paying over $1,000/ month.

It's probably time for you to take the Next Step in Life and Buy a Home.

Interest Rates are Low.  For 2015 rates are below 4%.

 

FHA Buyers with around $5,000 for a down payment,

can Buy a $160,000, with some Seller assistance, 

and have a Payment below $1,000/month.

That includes Payment, Interest, Taxes and Insurance.

Home Prices Leveling Off - Activity Slows - Still a Sellers Market

Below is Price Trends and Market Activity 

for Las Vegas, Henderson and North Las Vegas.

All 3 show pretty much the same trend, a slow and gradual climb.

 Activity in All areas has slowed later in the Summer,

but all still remain Sellers Markets.

This is a common cyclical trend we see in a Normal Real Estate Market.

I put the 15 year graph on top this time because people tend to look at the 3 year graph 

and get worried we are heading for another "Pricing Bubble".

As I have said in the past,  We are in a Healthy Recovery.

Las Vegas

Henderson

North Las Vegas

Education - Income - Home Values

  Realtor.com & Payscale put together this data showing 

the average home price graduates with specific college degrees could afford.

Being a father of a high school senior, this is very interesting to me.

Ironically, as important as an education is, 

people working in the education field tend to be near the bottom of the list.

For the complete article and a detailed list of 300+ College Majors,

Click Here