Showcasing Buyer Opportunities and Empowering Essential Workers in Today’s Lending Market
Regana Kooman-Henry and Kirsi Mbacke discuss the current lending environment, noting it's a buyer's market with rates around mid to high sixes for 30-year fixed loans. They emphasize the importance of strategic budgeting and early preparation for buyers. Kirsi highlights the new Nevada Housing Worker Advantage Program offering $20,000 in down payment assistance for essential workers. They also discuss various down payment assistance programs and the importance of aligning realtors and lenders early in the process. October statistics show 1,700 single-family homes sold at a median price of $474,370, with 50.4% selling within 30 days. Condos and townhouses had a median sale price of $285,000, with 42.7% selling within 30 days.
