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Fha | Teresa Parker- Pahrump Local Expert Blog

Tuesday, August 6, 2019   /   by Teresa Kenney Parker

How to Judge the Impact of the Next Economic Slowdown on Housing

How to Judge the Impact of the Next Economic Slowdown on Housing


We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur?
Pulsenomics just released a special report revealing that nearly 6 out of 10 of the 90 economists, investment strategists, and market analysts surveyed believe the next recession will occur by the end of next year. Here’s the breakdown:

9% believe a recession will occur this year
50% believe it will occur in 2020
35% believe it will occur in 2021
6% believe it will occur after 2021

When asked what would trigger the next recession, the three most common responses by those surveyed were:

Trade Policy
Stock Market Correction
Geopolitical Crisis

How might the recession impact real estate?
Challenges in the housing and mortgage markets were major triggers of ...

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Thursday, August 1, 2019   /   by Teresa Kenney Parker

Fed cuts interest rates: What it means for the housing market

Fed cuts interest rates: What it means for the housing market
The Federal Reserve cut interest rates for the first time since the recession. Will mortgage rates dip further?

BY
PATRICK KEARNSStaff Writer

JULY 31, 2019


The U.S. Federal Reserve announced Wednesday it would cut interest rates for the first time since a recession hit the U.S. economy in 2008. Real estate economists are split on the immediate impact it will have on mortgage rates and the housing market.
The Fed is cutting interest rates 25 basis points from between 2.25 percent and 2.5 percent to between 2 percent and 2.25 percent. It had previously signaled it would not hike rates at all in 2019 – after four rate hikes in 2018 – but it became more apparent in recent weeks that it would actually cut rates this time.
“Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability,” the Federal Open Market Committee sa ...

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Monday, June 3, 2019   /   by Teresa Kenney Parker

Here are FOUR reasons I hope you consider buying today instead of waiting

Here are FOUR reasons I hope you consider buying today instead of waiting
1. Home Prices Will Continue to Rise
CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.
Home values will continue to appreciate. Waiting may no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your ho ...

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Tuesday, May 14, 2019   /   by Teresa Kenney Parker

New Research Shows Housing Is Affordable For First-Time Buyers

New Research Shows Housing Is Affordable For First-Time Buyers


Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns.
The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018.
NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only show the transactions reported by members who complete the survey.
The other entity that reports on FTHB share is the American Enterprise Institute (AEI). The AEI uses data from mortgage applications that define an FTHB as “any borrower who did not have a mortgage for the preceding t ...

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