Richel Farrales - the Vegas LoVe Agent
Phone: 702.910.0099

Real Estate Blog

Mortgage Rates Edge Up, Still Near Record Lows
September 25, 2020Mortgage rates ticked up this week but still remain under a 3% average and near historical lows. Freddie Mac reported the 30-year fi...
Continue Reading
New-Home Sales Top the 1 Million Mark
September 25, 2020Sales of newly built single-family homes in August reached their fastest pace since September 2006, the Commerce Department reported...
Continue Reading
Home Buyers Face Another Shortage: Appliances
September 24, 2020Dishwashers, refrigerators, washers and dryers, and other household appliances are low in stock nationwide, and some consumers are w...
Continue Reading
Mix of Housing Supply, Buyer Demand Enters Uncharted Territory
August 28, 2020National housing inventory has plunged 37% year over year, while buyers’ heightened demand is creating bidding wars and a rapid p...
Continue Reading
Contract Signings Make a ‘Remarkable’ Move
Pending home sales continued to escalate in June, the second consecutive month of increases—and all in the midst of the COVID-19 pandemic. The N...
Continue Reading
Buyers Are Waiving Contingencies to Sweeten Their Offers
The pandemic and high unemployment rate haven't slowed the housing market. With home buyers facing heightened competition this summer for a limited nu...
Continue Reading
Your Home - How to Make the Most Out of a Small Outdoor Space
When spending so much time at home these days, it's more important than ever to make sure your outdoor spaces are ready and usable to help give you a ...
Continue Reading
Finances - What to Do When Your Spouse Has Bad Credit
When a couple decides to buy a house together, it's a very important step in their life journey. There's lots to do from gathering all the paperwork, ...
Continue Reading
Personal Interest - Is it Safe to Go to a Community Pool this Summer?
After months of being quarantined at home, the world is opening up again. That's perfect timing for many, considering it's hot outside, and when it's ...
Continue Reading
Home Selling: PREPARE TO ANSWER THESE 4 COMMON BUYER QUESTIONS
While every buyer is different and every property is different, any seller’s agent begins to notice a pattern of the kinds of questions that com...
Continue Reading
Home Buying: HOW TO PREPARE BUYERS FOR HIDDEN COSTS
Most buyers come into the home buying process with a budget already in mind. But if they match their home price to their available budget, they may en...
Continue Reading
1 in 5 Americans Have Moved During the Pandemic
July 9, 2020Millions of Americans have relocated this year due to the COVID-19 outbreak, according to the Pew Research Center. New data released this ...
Continue Reading
NEVADA HOUSING MARKET UPDATE May 2020
Thank you to Mr. Vivek Sah, Ph.D. - Director of Lied Center for Real Estate at the UNLV Lee Business School for always keeping my team,...
Continue Reading
July 15 Deadline Nears for 2019 Tax Returns
July 8, 2020The July 15 tax filing extension deadline for 2019 returns is quickly approaching. The IRS had postponed the original tax filing deadline ...
Continue Reading
61% of Americans Say Now Is a Good Time to Buy
July 8, 2020The share of renters who say now is a good time to purchase a home is at its highest level in five years, according to the latest reading ...
Continue Reading
Should Preapproval Letters Be Required for Home Tours?
July 8, 2020Many home sellers are trying to limit how many people walk through their properties due to the pandemic. As a result, more real estate pro...
Continue Reading
Mortgage Rates Approach 3-Year Lows
Mortgage Rates Approach 3-Year Lows
Borrowing costs dropped to their second-lowest levels in three years, offering home shoppers an opportunity to lock in lower monthly mortgage payments...
Continue Reading
Homeownership Rate Climbs to 6-Year High
Americans are facing challenges to homeownership, particularly with shrinking inventories of homes for sale, yet somehow more are still finding their ...
Continue Reading
Maintain Your Home’s Style in Style
Home remodels offer an opportunity to change the look and feel of your home. This can be great if you live in an older home with outdated fixtures and...
Continue Reading
Sellers: Hide Your Paperwork
Sellers: Hide Your Paperwork
Watch out for prying eyes. Home sellers accumulate lots of paperwork during a transaction, such as estimates for home improvements, bills for services...
Continue Reading
Here’s How Many New Homes It Would Take To Fix The Housing Shortage
Here’s How Many New Homes It Would Take To Fix The Housing Shortage
America’s housing shortage is definitely no secret. But just how bad is it? According to a new analysis from Realtor.com, the market needs a who...
Continue Reading
Are Your Neighbors Copycats?
Are Your Neighbors Copycats?
Seventy percent of homeowners admit that they’ve copied their next-door neighbor’s decor. The most common similarity was to their neighbor...
Continue Reading
How Do You Choose a Home Pro?
How Do You Choose a Home Pro?
There are a number of reasons that you might need to hire a professional to do work around your home. Maybe you want to make repairs, add a porch, red...
Continue Reading
Some Buyers Purchase a Second Home First
Some first-time buyers are opting to buy the vacation home before their first home. They’re being priced out of their current area—such as...
Continue Reading
Real Estate Terminology
Every industry has its own jargon, and real estate is no different.From adjustable rate mortgages to title insurance to amortization, it can all ...
Continue Reading
What Exactly Do Closing Costs Cover?
A home costs more than just the sale price. For example, closing costs—which make up about 2% to 5% of the home’s purchase price—are...
Continue Reading
3 Trends Designers Want to Leave in the 2010s
Paint firm Sherwin Williams surveyed 700 professional interior designers to learn the three major trends that they want to leave in the last decade. H...
Continue Reading
More Luxury Apartments Are Coming
Builders are on the path to complete more new apartments in 2020 than in the past 40 years. In that feat, they’re increasingly targeting the lux...
Continue Reading