Bruce Loeffler Las Vegas Realtor

Did you see the Comet yet?

This weekend I stayed busy trying to fix my little old Mercedes that is falling apart, I do my own wrenching so that I know it's done right, I save money and I know the condition of the car and it's a good workout lol.

Mixed message here shifting to real estate and saving money, interest rates are about to drop but so has interest in taking out loans maybe because people are waiting for this drop in interest. If you've been considering buying a home let me know the timing might start to work out, lower interest rates and more homes on the market.

If you've been thinking about cashing out on your Equity or moving up to a more efficient home and you want to sell your current home let me know some markets have already seen decreases such as Florida and Texas. Big hedge funds have started losing money on speculative purchases and this can only drive the market down.

Okay back to the video that I posted with this message a couple of attached pictures, but basically I was really in all of Amazon's ability to deliver a 21 mm wrench overnight for less than Home charges. Very specific wrench I needed to do the alignment on my car as well as many to remove many of the suspension parts I changed this weekend. This is outweighed by the disappointment in the quality of the products sold on Amazon, I completely Twisted off a setting post and bent the middle of a ball joint separator, it ended up dropping on my head because it doesn't have a safety chain and I was bleeding hours later as I crawled under the car. The old saying is true, you get what you pay for and did I pay for it LOL in the end I got the car driving straighter than it has in a very long time, doing a simple shade tree mechanical alignment.

By the way in the last video I talked about a vibration that was mostly me being brain dead and not twerking the lug nuts down, it was a long day I didn't eat I didn't even p*e and this is the next morning so I forgot to tighten the lug nuts the day before. It might still be a vibration which I think is a wheel balancing issue.

Pro Tip for Homebuyers! #sellingsacramento #property #homebuyingtips **PRO TIP for Homebuyers!** 🏡Thinking of asking the seller to reduce the price of your dream home by $20,000? 🤔 Think again!Instead, ask for a $20,000 cred...

Ouch!

Las Vegas residents have to save close to 2 decades for down payment, report says Zillow report shows valley residents would have to save for close to two decades to afford a down payment right now

Wow, at 7 minutes 20 Seconds he talks about the Case-Shiller Home Price Indices, which varies depending on location but on average is at at 130 year high regarding home expense.

Currently the best home deals are found with new home builders for 3 main reasons. 1) Big new home builders are able to offer in home mortgages at a lower rate 2) the newest in efficiency and technology has been built in or can be added to suit 3) all of the homes are using the latest in design trends.

If you are thinking of making a move in this market, drop me a message so we can make sure you are pointed in the right direction.

The biggest Mortgage Collapse in US History is happening right now. Homebuyer demand measured by mortgage applications just took the biggest plunge in 30 years. With mortgage applications to buy a house now down 19% YoY and r...

Shared from my personal page, very important!

The Biggest Change to LLC Requirements in Our Lifetime: Corporate Transparency Act Important Update for LLC Owners! Starting January 1st, 2024, there's a game-changing requirement for LLCs – Federal filing with the "BOI Report" (Beneficial ...

An interesting report on the state of rentals here in Las Vegas.

Investors bought up 30% of the Houses in Las Vegas. Are they bought to sell? Real estate investors in Las Vegas bought up as many as 30% of the houses during the peak of the pandemic. Adding a lot more rentals to the inventory levels ...

I haven't been able to play much lately but I did Benchmark a few clubs and it looks like I can hit the ball 😁 for those of you interested in the technicalities I was hitting range balls which are about 20% under distance but my launch monitor reads about 10% long add 10% to these numbers and I'd be hitting ave in the pga. now if i could just hit par (not houses) lmao

Just another reason to speak with a REALTOR (yes, they make me put CAPS on that ;-) )

North Las Vegas homeowner makes bad deal selling her home Every homeowner wants top dollar when selling their house. But if you're not careful, you could get a deal far below your home's value. Tricia Kean reports.

Talk about a bunch of title work!

Invitation Homes Reportedly Nears Deal for 2,000 Starwood Rentals Starwood has been seeking to sell homes it acquired when prices for single-family rentals were near their peak.

Wow big news as the US is currently experiencing a 28 year low in mortgage applications and a 22 year high in interest rates.

Wells Fargo Is Backing Out Of The Mortgage Market - What Does It Mean For Homebuyers? While not exiting it entirely, they’ll be focusing on only providing mortgages to their existing customers, and those in minority communities.

At my latest haircut, I heard stories from bankers talking about a stack of paperwork left over from loan modifications, however daily actions cited by my favorite title company only show about 20 current foreclosure activities including HOA per day.

The National Board of Realtors is calling for a 3% growth, but the banks made a grab for money by inflating rates much faster than the Fed, thus slowing the economy.

https://www.cnn.com/2022/11/29/economy/bank-of-america-brian-moynihan/index.html

Bank of America CEO predicts two years of pain ahead in the housing market | CNN Business The CEO of one of the nation's largest banks is preparing for an economic downturn in 2023. But he's also hopeful that the likely recession will be brief and "mild."

Will this be the start of a new trend or just a single month dip?

Last month’s dip was the first time that Southern Nevada’s median house price fell month-to-month since April 2020 amid the early chaos of the pandemic → rjnews.is/3Iq8taI

The market is starting to take a turn based on the economics of higher interest rates. Long term no one knows what to expect, other than the fed announcing "potentially" 2 additional adjustments to interest rates. Based on the slowing economy, which shrunk 1.9% since January, increases to interest rates, would likely only slow the economy more.

In the local market (Las Vegas) demand is still high for the 2 months worth of inventory, of which 40% or so are vacant. Record median prices have been set for months on end, but in this neutral market, we might start to see sellers concessions sweeten the deal.

If you have considered taking advantage of this hot market, contact me to have a market analysis created to determine a conservative estimate of your net return for the sale your property.

Bruce Loeffler
Realty One Group, S.0172258
702-328-8113
(texts welcomed)

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The funny thing about being a market leader, is the need for a thick skin. Last year I created a 360' view of a Million Dollar listing of mine, however it seems like even after trying to explain that the view can be changed. I still had people confused as to how to use this.

This home has been sold, but I wanted to get your reaction to how useful a 360' video is, I also provided a 360' tour via clickable images. If you are using a phone, simply move around to change the view. If you are on a full computer use your mouse to move around.

What is the easiest way to help people understand this new technology? Leave me a comment below ;-) Realty One Group, S.0172258
https://www.youtube.com/watch?v=U7Ub9lOYrB4

1101 Iolite Ct, Henderson NV 89011 *PLEASE READ* This may be the first time that you have seen a 360' video, you have the control of what you see and can look at the details most important to ...

Interest rates continue to climb, as the Fed increases their rate. In our weekly meeting today one of our lenders mentioned a 7.65% rate for a 2nd property (slightly higher rates than primary). It was also stated that more loans were being processed, which is possibly a sign that larger investors are also cooling off on the buyers side.

If you are a seller interested in maximizing your properties value during this sellers market, the window is starting to close as the market cools off. Contact me today to learn what your home is worth. I'll provide a detailed market analysis which can be up to 30% more accurate than online estimates. Knowledge is power, get informed today!


Bruce Loeffler 702-328-8113
Realty One Group, S.0172258

We are about to hear the 2nd shoe fall, interest rates are starting to go up, following a rate hike of just .35%. It's expected in 2022 that we may see up to 6 rate adjustments. Current rates will be 4-5% depending on your credit. This means the same home will be hundreds of dollars more a month than it was last month.

If you are currently shopping for a home using a loan, be sure to know your current approval and rough monthly payment.

Bruce Loeffler
702-328-8113
Realty One Group, S.0172258

Just Sold!

Just Sold in Las Vegas at 5724 Emperor WY !

Just Sold!

Just Sold in Henderson at 1101 Iolite CT !

New on the Market

New Listing in Las Vegas at 5724 Emperor WY

Price Reduction

Price Drop in Henderson at 1101 Iolite CT