Mortgage/Finance

This category contains information to help you understand the key issues around financing real property.

There are currently 2 blog entries related to this category.

2014 Year In Review - Real Estate Market Conditions

This blog post offers a statistical summary of 2014 by showing how the markets have changed from 2012, 2013, and 2014 as well as some thoughts and considerations for how our local real estate markets will perform in 2015.

The information and tables below are in summary form. To see charts of this information and more, please review The Greater Reno-Tahoe Real Estate Report.

Median Price

The median price for all local markets continued to rise for 2014 compared to 2013. The rate of appreciation slowed and the median price rose about half as fast as prices were rising in 2013 compared to 2012. The table below shows the median price trend for key local markets from 2012 to 2014 with the rate of

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[[This post is provided by Scott Storace of Guild Mortgage.]]   On September 18th, the Federal Reserve Bank cut the federal funds rate by 50 basis points or one-half percent. They also cut the federal discount rate by the same amount. Following these cuts I received many phone calls from borrowers and real estate agents who were trying to understand how the news would affect mortgage interest rates. To understand this one has to understand short-term and long-term rates, as well as, bonds and inflation.   The Federal Reserve Board defines the discount rate as “the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility--the discount window.”…
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