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Las Vegas Real Estate And Rising RatesEconomic conditions are changing rapidly in our country, and the effects on real estate will be huge, and are worthy of our understanding.First and foremost, because of a variety of factors, not the least of which is the massive spending IT IS IMPERATIVE THAT EVERYONE WHO HAS AN OPTION ARM OR A SHORT TERM FIXED RATE MORTGAGE REFINANCE TO A 30 YEAR FIXED RATE MORTGAGE IMMEDIATELY. The effects of rising rates on these loans when they reset could be catastrophic to those who wish to keep their homes. Please contact me right away to discuss your possibilities and options. If you have family or friends with a loan that needs to be refinanced, please give them my number. They will thank you. Below is a link to my real estate website. I have made a lot of changes to make it more useful. Please feel free to visit it when you need information, and pass the link along to family and friends considering a move to Las Vegas. A last word regarding Las Vegas Real Estate. Much blather can be heard in the medi You will notice that values are NOT DROPPING. In fact, a modest rise in values is more likely this year than any other scenario, as out of state buyers continuing to come here in droves to escape the really bad conditions elsewhere keep values up. (This data is obtained from SALESTRAQ, directly from the Clark County Recorder?s Office) But the rising rates will have their effect, as lower income families are unable to qualify for mortgages, they will be forced to rent. This makes RIGHT NOW a great time to buy an investment property in Las Vegas. So if you are waiting for prices to drop to make a move, STOP. It is time to ACT. If you know someone who is waiting to act, forward this e-mail to them, and encourage them to look closely at what is going on. With everyone trying to sell, values stable but rates rising, their truly has never been a time to buy in Las Vegas. Article Directory: http://www.articledashboard.com Bob Tracey is a 20 year resident of Las Vegas with a combined practice in real estate and mortgage finance. Visit him at wwwwillworkforbuyers.com Permalink: http://expert-talk.com/tips/54/las-vegas-real-estate-and-rising-rates-47054.htm Related Tips and Advices
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