General Market Trend in Washoe County

For the month of January the fed has dropped the rate by a total 1.25 basis points. There are a lot of buyers out there right now, as soon as we get a break in the weather we are going to see a surge in home sales. They have had enough of the holidays, the [...]

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Senate passes FHA overhaul to help with mortgage worries

Image by robertodevido via Flickr The senate passed legislation overhauling the Federal Housing administration on Friday to combat rising foreclosures and a broader housing crisis. Legislation would increase the size of loans the FHA is allowed to insure for first time and low income homeowners. There level would be set at the size of mortgages [...]

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Interest rates will be cut by September 17

This is what all the policy makers are saying and I feel 99% sure that will happen when fed chair Bernard Bernanke meets with his advisors later this month. This administration has shown a willingness to keep a short leash on monitoring and stepping in when the economy gets derailed as seen when they cut [...]

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