French Workbench

Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation's housing market in June leading to a nearly 2% increase in the number of homes on the market. That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation's housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin. The median home-sale price nationwide did rise 11.2% in June, but that's the smallest year-over-year increase in about two years, the report notes. San Francisco actually posted a home-price decrease of 0.5%, turning in a $1,581,000 median sale price for June. (North Port, Florida, posted the highest growth in home prices, at 29.7% year over year as of June, to $480,000.) Home sales for June declined by nearly 16% year over year in June, the Redfin report shows, “the largest decline since May 2020.” “The country's economic woes have already cooled the housing market, and they're likely to continue dampening demand,” said Redfin Chief Economist Daryl Fairweather. “… I advise sellers to commit: If you decide to sell, do it quickly before demand potentially falls further. “And price carefully. This is not the time to test the waters. You'll do more harm than good if you overprice and have to do a price reduction or take the home off the market.” The Redfin report notes that the market is now a mix of good and bad for homebuyers, who are seeing higher monthly payments than earlier this year due to the spike in interest rates — averaging 5.52% for a 30-year fixed mortgage in June, the report shows. At the same time, homebuyers are facing less competition as home inventory starts to bump up slightly. ____________________________________ ✅ CHECK OUT OUR OTHER VIDEOS ON REAL ESTATE, FINANCING, & MONEY TALK! https://youtu.be/RPt1md2U9I8 : Analysis of the Las Vegas Market from a Builder & Home Inspector - Is the Housing Market Improving? https://youtu.be/ZFCHqEPb0mY : Las Vegas Housing SLOWDOWN Signs + Homeowners EQUITY RICH - Challenges of Contingency Sales & Equity https://youtu.be/XlISag1kA-4 : Is it a Cash Buyer's Market in Las Vegas and has the Market PEAKED? https://youtu.be/kFQ1pGYXCxE: Las Vegas UPDATED Predictions - 2nd Half of 2022 Housing Market + Home Price Gains Hit HISTORIC High https://youtu.be/1EyOftaywVg: Are 5% Interest Rates STOPPING People from Buying in Las Vegas + Properties on the Market INCREASING ________________________ Topics You will Need To Research For Additional Advice: CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, and electrical advice. I only provide expert advice for Financing and Real Estate. #DFLVE #DanFrenchLV #LVHomeProfessionals #sincity #lasvegas #housingmarket #podcast #housingdemand #business #us #home #buying #market #update #summerlin #henderson #northlasvegas #vegas #realestate #marketupdate #latest #2022 #recession #top #topreasons #recession #warning #july #savage #redflags #job #jobmarket #economy #economist #consumer #money #moneytalk “All INFORMATION IS RELIABLE BUT NOT GUARANTEED. ALL PRICING IS SUBJECT TO CHANGE.”

Data from Las Vegas Realtor released Friday shows home prices continue to rise but sales starting to fall. The median price for single-family homes was $475,000 in April, up 3 percent from March. However, the available inventory of homes for sale went up about 22 percent from March. Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Data from Las Vegas Realtor released Friday shows home prices continue to rise but sales starting to fall. The median price for single-family homes was $475,000 in April, up 3 percent from March. However, the available inventory of homes for sale went up about 22 percent from March. __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

U.S. home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year. The jump in March marks the 122nd consecutive month that the annual housing-price measure has increased, according to CoreLogic‘s recent national Home Price Index report. Mounting mortgage rates and home prices are creating increasing affordability pressures for some prospective buyers. “The annual growth in the U.S. index was the largest we have measured in the 45-year history of the CoreLogic Home Price Index,” Frank Nothaft, chief economist at CoreLogic, said in a statement. “In April, 30-year fixed mortgage rates averaged nearly 2 percentage points higher than one year earlier. “With the growth in home prices, that means the monthly principal and interest payment to buy the median-priced home was up about 50% in April [2022] compared with last April.” As of April 21, the payment-to-income ratio for homeowners was 32.5%, just 1.6 percentage points shy of the record of 34.1% in July 2006, according to Black Knight's latest monthly Mortgage Monitor report. Black Knight forecasts that a 5% increase in home prices would push affordability to its worst level on record. Housing prices are up 5.9% since the start of the year. Buyers who closed on a property in March had a good chance of locking in mortgage rates at around 4%. By late April, rates had climbed past 5% — and were up by more than 200 basis points from the same period last year. That trend might derail more prospective buyers, CoreLogic noted. Interest rates hit 5.10% last week, compared with 2.98% a year ago, according to Freddie Mac PMMS. Black Knight's Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association, measured the 30-year conforming mortgage rate at 5.317% last week. Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

U.S. home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year. The jump in March marks the 122nd consecutive month that the annual housing-price measure has increased, according to CoreLogic‘s recent national Home Price Index report. Mounting mortgage rates and home prices are creating increasing affordability pressures for some prospective buyers. “The annual growth in the U.S. index was the largest we have measured in the 45-year history of the CoreLogic Home Price Index,” Frank Nothaft, chief economist at CoreLogic, said in a statement. “In April, 30-year fixed mortgage rates averaged nearly 2 percentage points higher than one year earlier. “With the growth in home prices, that means the monthly principal and interest payment to buy the median-priced home was up about 50% in April [2022] compared with last April.” As of April 21, the payment-to-income ratio for homeowners was 32.5%, just 1.6 percentage points shy of the record of 34.1% in July 2006, according to Black Knight's latest monthly Mortgage Monitor report. Black Knight forecasts that a 5% increase in home prices would push affordability to its worst level on record. Housing prices are up 5.9% since the start of the year. Buyers who closed on a property in March had a good chance of locking in mortgage rates at around 4%. By late April, rates had climbed past 5% — and were up by more than 200 basis points from the same period last year. That trend might derail more prospective buyers, CoreLogic noted. Interest rates hit 5.10% last week, compared with 2.98% a year ago, according to Freddie Mac PMMS. Black Knight's Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association, measured the 30-year conforming mortgage rate at 5.317% last week. Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

For those hoping to buy a home with a mortgage, property tax increases can reduce their debt-to-income ratio, and thus the amount they qualify for. But underwriters only factor in current property tax rates, not future increases. So existing homeowners can be caught off guard when there is a gap between what is held in escrow and tax bills that come due. Most conversations surrounding the affordability crisis have focused on headline-grabbing home price increases, bidding wars, racial disparities in home appraisals and a lack of supply. But a property tax reckoning is coming, even if its arrival date is at some distant point in the future. Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

For those hoping to buy a home with a mortgage, property tax increases can reduce their debt-to-income ratio, and thus the amount they qualify for. But underwriters only factor in current property tax rates, not future increases. So existing homeowners can be caught off guard when there is a gap between what is held in escrow and tax bills that come due. Most conversations surrounding the affordability crisis have focused on headline-grabbing home price increases, bidding wars, racial disparities in home appraisals and a lack of supply. But a property tax reckoning is coming, even if its arrival date is at some distant point in the future. Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Today we chat with Michael Cabarus, a CBD Oil Company Owner in Sin City - Las Vegas and get his take on the industry in Las Vegas. Plus your latest Housing Market Update and forecast! Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Today we are discussing the rising rates and how they are impacting the housing market across the U.S. and Las Vegas. Plus we have Marissa Marshall a.k.a. Madame Electrician in studio to tell us about her experiences as a Las Vegas Events Electrician. Please Subscribe and feel free to leave comments and chat with us! __________________________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Watch on YoutTube: https://youtu.be/USD9PHHc0gU We've got your latest Las Vegas Market and Housing stats today along with Special Guest Billy Harvey from Lennar Home in-studio. Feel free to comment and chat with us. Also, please Like and Subscribe to the channel for more! _______________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Watch on YouTube: https://youtu.be/ZdnDlWV7e2M STATS AT 58:23 Chime in with your thoughts and comments! _______________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

16:09 Are Markets being hit hard by the War? 43:48 Is Las Vegas Overinflated & Is it Smart to Buy in Vegas? The conflict between Russia and Ukraine has been causing knock-on effects globally. The distribution and cost of oil has been greatly impacted. The conflict has also fueled the weakening of Russia's and Ukraine's financial markets. Russia launched a full-scale invasion of Ukraine this week, sparking a slew of sanctions and turmoil in global financial markets. We discuss this with guest Don Pearson from WestPac Wealth Partners. Plus we discuss Skilled Labor returning to home building and Shannon lets us know the Importance of Social Media in Business. Feel free to comment and chat with us. Also, please Like and Subscribe to the channel for more! _______________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Today we welcome Hola & Bill of STATUS Sparkling Wine. They were honored to help the winners celebrate with a glass of Status backstage at the 2019 Emmys. Will they become the go-to wine or beverage of Las Vegas? Plus get an Update on Business in Sin City with Shannon and Corin. Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. 16:00 - Discussion on Opendoor Losing Money Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise's demise in November. Meanwhile, Opendoor, the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If you read our SPAC filings,” Opendoor co-founder Keith Rabois, who is no longer part of company leadership, tweeted in November, “We explained how our algorithms actually work vs. Zillow's which are horrible.” Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. That exceeds Zillow's $528 million loss for the year. It also surpasses by 161% Opendoor's 2020 loss of $253 million. Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. We are giving you the latest Las Vegas Housing Market Update and Interviewing Shannon Miller, Business Consultant. Chime in with your thoughts and comments and SUBSCRIBE for more! _______________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Today we are discussing Commercial and Residential Real Estate in Las Vegas with Joshua Campa, and discussing the Importance of a Support System for Women Business Owners. Chime in with your thoughts and comments! _______________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. During 2021 and into 2022, the surveys on whether it's a good time to buy a house have simply collapsed. This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae's Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. That didn't end well, but let's take a deeper look at what is happening here. One thing is certain: potential buyers of all ages are not happy about the current market conditions. PLUS we chat with Kim Allen from Power 2 Heal about Relationship Coaching. Chime in with your thoughts and comments! _______________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Last year, mortgage interest rates reached record lows. The average VA FTHB's interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated. In Q3 2021, it reached a record level of over $19 billion for that quarter, $174 million higher than Q3 2020. And since 2017, VA purchase loans helped roughly 200,000-230,000 VA-eligible first-time home buyers per year become homeowners. This translates into an average of $56 billion in mortgage originations per year. In 2021, the VA FTHB segment reached an estimated $69 billion, according to Ginnie Mae loan-level disclosure data updated through January 2022, analyzed in GovLoansVision. So, what will 2022 look like for the VA FTHB borrowers? Calculations tell us that if interest rates continue to climb, we might see a lower VA FTHB volume of around $58 billion in 2022. On the other hand, if rates stabilize and stay in low to mid 3's, we might see the VA FTHB purchase volume at $70 billion in 2022. Chime in with your thoughts and comments! _______________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. After two months of disappointing job growth, the U.S. jobs report released Friday shows that 467,000 non-farm payroll jobs were added in January. Despite this increase, the unemployment rate rose slightly to 4.0% in January from 3.9% in December. The unemployment rate remains higher than the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic. “Even with this strong start to the year, 13% of the jobs lost in the pandemic have not been regained,” First American deputy chief economist Odeta Kushi said in a statement. “If monthly gains continue at the January pace, we could return to the pre-COVID employment peak by August 2022.” The labor force participation rate also rose in January to 62.2%, however it also remains below its pre-pandemic level. Chime in with your thoughts and comments! _______________________ Looking to Sell? FIND OUT YOUR HOME'S VALUE: https://www.lvhomeprofessionals.com/sell.php

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Home prices skyrocketed at unprecedented levels in 2021. Property values rose annually by double digits with almost every passing month, creating “one of the most robust seller's markets in a generation,” according to Frank Martell, president and CEO of CoreLogic. However, this year should offer a bit of a breather for those looking to buy their first home. The rate of price growth is projected to dissipate through 2022 and even revert to pre–pandemic normalcy by late summer. Home prices will still appreciate, but by the fall, the pace could drop to a fraction of what it was in late 2021. Chime in with your thoughts and comments! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench __________________________ Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Estate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Shannon Miller SM Consulting Instagram @shannmillerlv Corin Lujan License # S.177409 Keller Williams Realty Las Vegas 702-971-9293 corinLLV@gmail.com https://www.corinlujan.com/ __________________________

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Las Vegas placed four master plans in the top 11 and five in the top 25 in the nation, and homebuilding shows no signs of slowing down in those developments in 2022. The numbers released by national consulting firm RCLCO shows Summerlin retained its No. 3 spot in the country with 1,619 sales. That's a gain of 11 percent over the 1,456 sales in 2020 and 23 percent over the 1,320 sales in 2019. Summerlin remains below two in Florida. The Villages retained its No. 1 spot with 4,004 sales, a jump of 63 percent. No. 2 on the list again is Lakewood Ranch in Sarasota with 2,574 sales, a 20 percent increase. Chime in with your thoughts and comments! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench __________________________ Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Estate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Shannon Miller SM Consulting Instagram @shannmillerlv Guest: Vicki Greco Nevada Small Business Consultant Silent Consulting, LLC, 702-758-4691 vickig@silentgconsulting.com __________________________

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. U.S. home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. Chime in with your thoughts and comments! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench __________________________ Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Estate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Corin Lujan License # S.177409 Keller Williams Realty Las Vegas 702-971-9293 corinLLV@gmail.com https://www.corinlujan.com/ __________________________

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Today's we are chatting with a First Time Homebuyer, getting Cybersecurity Updates, and Updating you on the Las Vegas Market. Chime in with your thoughts and comments! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench __________________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Estate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Corin Lujan License # S.177409 Keller Williams Realty Las Vegas 702-971-9293 corinLLV@gmail.com https://www.corinlujan.com/ Shannon Miller SM Consulting Instagram @shannmillerlv Guest: Lauren Walson laurenwalson@gmail.com __________________________

Welcome the French Workbench Podcast and Las Vegas Experience with Dan French. Today's Topics: WHAT ARE THE DRIVERS OF HOUSING DEMAND IN 2022? MORTGAGE APPS UP 2.3% WITH NEW RECORD AVERAGE LOAN SIZE? CRYPTO & PROPERTY MANAGEMENT UPDATE Chime in with your thoughts and comments! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench __________________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Estate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Corin Lujan License # S.177409 Keller Williams Realty Las Vegas 702-971-9293 corinLLV@gmail.com https://www.corinlujan.com/ Shannon Miller SM Consulting Instagram @shannmillerlv __________________________

Welcome to the French Workbench Podcast and the Las Vegas Experience with Dan French. Today we are discussing mold inspection and how to remove mold without tearing down the walls with Dustin from No Demo Mold. We also bring you the latest Las Vegas Market Updates. Please comment if you have any questions, and hit that like and Subscribe button for more! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench __________________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Estate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Corin Lujan License # S.177409 Keller Williams Realty Las Vegas 702-971-9293 corinLLV@gmail.com https://www.corinlujan.com/ Shannon Miller SM Consulting Instagram @shannmillerlv Special Guest: Dustin No Demo Mold 702-560-2666 dustin@nodemomold.com http://www.nodemomold.com/ __________________________

Welcome to the French Workbench Podcast and the Las Vegas Experience with Dan French. Please comment if you have any questions, and hit that like and Subscribe button for more! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench __________________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Estate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Corin Lujan License # S.177409 Keller Williams Realty Las Vegas 702-971-9293 corinLLV@gmail.com https://www.corinlujan.com/ Shannon Miller SM Consulting Instagram @shannmillerlv Special Guest: Wendy Preyssler, MCC Master Certified Coach Past President, International Coach Federation Nevada 702-907-4282 http://www.CoachingByWendy.com __________________________

Welcome to the French Workbench Podcast and the Las Vegas Experience with Dan French. There's a problem with the U.S. single-family housing market. “U.S. housing supply is dwindling once again as homes continue to fly off the market at record prices,” said Jeremy Sicklick, CEO of real estate data analytics firm HouseCanary. “For homebuyers, across the country we expect the shortage of homes for sale to extend well into 2022.” In assessing blame for a high-demand, low inventory housing market, one finger is pointed at companies that purchase single-family homes as an investment. “Selling out: America's local landlords. Moving in: Big investors,” reads a Reuter's headline from this July. “A $60 billion housing grab by Wall Street,” trumpets an October New York Times magazine story. Last month, Zillow said it was winding down its iBuying division, and courting corporate investors to buy its 18,000 homes remaining in inventory. Meanwhile, Redfin released a report with the headline: “Investors bought a record 18% of U.S. homes that sold in the third quarter.” But despite these headlines and recent developments, big investors and Wall Street play a small role in the U.S. single-family home market. Please comment if you have any questions, and hit that like and Subscribe button for more! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Esmeralda Licea (702) 762-1888 7450 Arroyo Crossing Parkway, Suite 270 Las Vegas, NV 89113 https://www.esmeraldatitle.com/ https://wfgtitle.com/esmeralda-licea/ _______________________

Welcome to the French Workbench Podcast and the Las Vegas Experience with Dan French! Today we are discussing: - Will we start 2022 with all-time lows in housing inventory? - Las Vegas home prices reach yet another record high. - Las Vegas homebuilders land higher prices but sales activity drops. Please comment if you have any questions, and hit that like and Subscribe button for more! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Joe Dragon Attorney Dragon Law Group 702-688-5186 https://www.dragonlawgroup.com _______________________

The Bureau of Labor Statistics reported 210,000 jobs were created in November — a miss from estimates. They also reported 82,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 4.2%. For men and women age 20 and over, it stands at 4.0%. Job reports can be wild, and we often have two to three reports per year that miss estimates badly. However, be mindful of positive revisions and remember that we have over 10 million job openings and jobless claims recently had a print that we haven't seen since 1969. My premise is that we should get all the jobs lost to COVID-19 by September of 2022 or earlier. _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________

On Tuesday, the Federal Housing Finance Agency revealed the much-anticipated conforming loan limits for 2022, with the baseline number jumping by 18% to $647,200. It's the largest-ever annual increase in the size of loans eligible to be bought by Fannie Mae and Freddie Mac. The figure, which is determined by a formula set by Congress, didn't catch many nonbanks too off-guard. Back in October, a handful of nonbanks — PennyMac, Homepoint, United Wholesale Mortgage, and Rocket Mortgage — announced that they would all be upping their conforming loan limit to $625,000 for a one-unit property. Though the FHFA's announced limits are 3% higher than the number that nonbanks were apparently coalescing around, several nonbank lenders moved swiftly to implement the new limits. _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com http://www.property-mgmt.com/availabl... Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Joe Dragon Attorney Dragon Law Group 702-688-5186 https://www.dragonlawgroup.com Special Guest: Aldo Martinez LVR President https://www.lasvegasrealtor.com/ ________________________

The coronavirus recession is all but certain to cause a spike in foreclosures. A prominent housing analyst expects hundreds of thousands of defaults next year as mortgage forbearance periods end. The federal government predicts several billion dollars in loan losses at Fannie Mae and Freddie Mac, the mortgage giants that hold two-thirds of American mortgages. At first glance, those projections look bad. On closer inspection, however, this round of foreclosures should be mild in comparison to the financial carnage of 2008 to 2010. ________________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com http://www.property-mgmt.com/availabl... Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Special Guest: Chris Connell Connell Law https://www.connellaw.com 702-266-6355 ________________________

With nearly one million solar energy systems installed on residential rooftops across the country, buying or selling a solar home is getting more and more common. Just like a renovated kitchen or a finished basement increases a home's value, solar has been shown to boost home valuation and shorten a home's time on the market. In addition, new borrowing tools give solar-interested homeowners access to financing programs that can lower the cost of capital and unlock new ways to go solar. The real estate market is embracing solar, making it vital that real estate agents, appraisers, and homeowners increase their solar knowledge and leverage the premium-boosting power of a solar system to sell or refinance their homes. ________________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com http://www.property-mgmt.com/availabl... Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Joe Dragon Attorney Dragon Law Group 702-688-5186 dragonlawgroup.com Special Guest: Mischel Mutafov Lifetime Solar Las Vegas https://lifetimesolarlv.com/ mischelm@lifetimesolarlv.com 702-324-6449 ________________________

The mixed message from the Census Bureau's new home construction report points to the supply chain-related challenges home builders are facing. Building materials are still harder to come by than they were before the COVID-19 pandemic, and labor shortages continue to plague the construction sector. Both these factors have hampered home builders' ability to scale up the pace of construction. That said, the demand for new homes remains elevated. “September new home sales figures were strong which reflects market optimism, and indicates that once materials and labor become readily available we are likely to see a similar surge in starts,” said Kelly Mangold, a principal with RCLCO Real Estate Consulting. ________________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com http://www.property-mgmt.com/availabl... Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Joe Dragon Attorney Dragon Law Group 702-688-5186 dragonlawgroup.com ________________________

Soon after the Department of Housing and Urban Development released its Mutual Mortgage Insurance fund report, housing finance and policy experts opined on whether the Federal Housing Administration (FHA) should lower the fees it charges borrowers. The fund, which insures mortgages backed by the Federal Housing Administration, benefited from the same macroeconomic factors that have boosted the broader mortgage market. The MMI fund's capital ratio at the end of September rose nearly two percentage points to 8.03%, driven by rising home prices and low mortgage rates. ________________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench

Home prices have risen dramatically in the pandemic, as white-collar workers whose finances didn't suffer in the crisis competed for homes with more space as mortgage rates fell to record lows. The cost of goods involved in residential construction, including energy, has also increased 14.5 percent so far in 2021, more than eight times faster than over the first 10 months of last year, according to the National Association of Home Builders. The double-digit increase in home prices has prevented people from buying their first home, and so more are renting. There are 1 million more renter households today than there were at the end of the second quarter of 2020, according to Realtors data. The number of renters will likely continue to rise as more people return to cities to take advantage of the recovering job outlook, said National Association of Realtors chief economist Lawrence Yun, noting that people who doubled up with friends or lived in their parents' basements during the crisis are now adding to rental demand. ________________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench

Home prices have risen dramatically in the pandemic, as white-collar workers whose finances didn't suffer in the crisis competed for homes with more space as mortgage rates fell to record lows. The cost of goods involved in residential construction, including energy, has also increased 14.5 percent so far in 2021, more than eight times faster than over the first 10 months of last year, according to the National Association of Home Builders. The double-digit increase in home prices has prevented people from buying their first home, and so more are renting. There are 1 million more renter households today than there were at the end of the second quarter of 2020, according to Realtors data. The number of renters will likely continue to rise as more people return to cities to take advantage of the recovering job outlook, said National Association of Realtors chief economist Lawrence Yun, noting that people who doubled up with friends or lived in their parents' basements during the crisis are now adding to rental demand. ________________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench

Since October 2021 came to an end, the housing markets are demonstrating signs of rebalancing, as evidenced by a steady pace of transactions and more moderate price growth. As more homeowners list their homes for sale, these homes remain on the market for longer periods of time. Despite this, buyers must be prepared to act quickly, even if they get a few additional days to decide. According to realtor.com®, numerous cities that experienced bidding wars earlier this year are now experiencing a more tranquil housing market, with price reductions bringing sky-high asking prices back down to earth. While the market continues to be active, there are fewer competing offers and contingencies have returned, both of which are clear indicators of a healthier housing market. For buyers, approachable mortgage rates and less competition mean increased chances of finding the perfect home. Nonetheless, buyers of a median-priced home will pay an additional $142 toward their mortgage payment today compared to a year ago. The FMHPI is an indicator for typical house price inflation in the United States. It indicates that home prices increased by 11.3 percent in the United States in 2020 as a result of robust housing demand and record low mortgage rates. Growth is expected to slow to 7 percent in 2022, according to their latest forecast. The pace of home sales has cooled since the first quarter of 2021 when it was at 7.2 million. Freddie Mac predicts home sales to hit 6.8 million for the full years 2021 and 2022. Additionally, they forecast house price growth of 16.9% in 2021. However, they expect house price growth to slow to 7.0% in 2022. Strong house price growth is expected to lift home purchase mortgage originations from $1.9 trillion in 2021 to $2.1 trillion in 2022. With a higher mortgage rate forecast for 2022, they anticipate refinancing activity to soften, with refinancing originations declining from $2.6 trillion in 2021 to just below $1.0 trillion in 2022. Overall, Freddie Mac predicts that total originations will decline from $4.5 trillion in 2021 to $3.1 trillion in 2022. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

Southern Nevada house prices ticked higher last month to a record level as an industry group said the market is “starting to stabilize” after a prolonged acceleration. The median sales price of previously owned single-family homes — the bulk of the market — was a record $406,500 in September, up 0.4 percent from August and 20.5 percent from September of last year, according to a new report from trade association Las Vegas Realtors. Buyers scooped up 3,209 houses last month, virtually unchanged from August but down 1.9 percent from September 2020. Meanwhile, Las Vegas' tally of available homes for sale climbed last month but remained far below year-ago levels. The association reported that 3,463 single-family houses were on the market without offers at the end of September, up 6.4 percent from August but down 27.8 percent year over year. The housing group reports data from its resale-heavy listing service. Despite big job losses sparked by the coronavirus pandemic, Southern Nevada's housing market has accelerated over the past year or so with rapid sales and record-high prices, thanks largely to rock-bottom mortgage rates that have let buyers stretch their budgets. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

Southern Nevada house prices ticked higher last month to a record level as an industry group said the market is “starting to stabilize” after a prolonged acceleration. The median sales price of previously owned single-family homes — the bulk of the market — was a record $406,500 in September, up 0.4 percent from August and 20.5 percent from September of last year, according to a new report from trade association Las Vegas Realtors. Buyers scooped up 3,209 houses last month, virtually unchanged from August but down 1.9 percent from September 2020. Meanwhile, Las Vegas' tally of available homes for sale climbed last month but remained far below year-ago levels. The association reported that 3,463 single-family houses were on the market without offers at the end of September, up 6.4 percent from August but down 27.8 percent year over year. The housing group reports data from its resale-heavy listing service. Despite big job losses sparked by the coronavirus pandemic, Southern Nevada's housing market has accelerated over the past year or so with rapid sales and record-high prices, thanks largely to rock-bottom mortgage rates that have let buyers stretch their budgets. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

Southern Nevada house prices ticked higher last month to a record level as an industry group said the market is “starting to stabilize” after a prolonged acceleration. The median sales price of previously owned single-family homes — the bulk of the market — was a record $406,500 in September, up 0.4 percent from August and 20.5 percent from September of last year, according to a new report from trade association Las Vegas Realtors. Buyers scooped up 3,209 houses last month, virtually unchanged from August but down 1.9 percent from September 2020. Meanwhile, Las Vegas' tally of available homes for sale climbed last month but remained far below year-ago levels. The association reported that 3,463 single-family houses were on the market without offers at the end of September, up 6.4 percent from August but down 27.8 percent year over year. The housing group reports data from its resale-heavy listing service. Despite big job losses sparked by the coronavirus pandemic, Southern Nevada's housing market has accelerated over the past year or so with rapid sales and record-high prices, thanks largely to rock-bottom mortgage rates that have let buyers stretch their budgets. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench ________________________

Is Las Vegas real estate a good investment? Over the years, real estate investment has continuously skyrocketed. Some people choose to purchase a property to rent out on a long-term basis, while others go for short-term rentals for tourists and business travelers. One area that has seen huge growth in real estate investment is Las Vegas. From apartments, single-family homes, and penthouses to commercial offices and retail spaces, the city has a wide range of properties for budding investors. Yet, the market is also continuously booming and becoming ever-competitive. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

Freddie Mac's chief economist expects rates to move higher for the remainder of 2021. We expect rates to average 3.7% for 2022. His reasoning: There are two main reasons why mortgage rates are expected to rise, inflation and monetary policy. Inflation has been more durable than expectations and is rising faster, broadening to affect more goods and services. Despite all the economic headwinds, the economy is growing and putting pressure on consumer demand given the already low and limited supply in many different industries. The supply and demand imbalances due to Covid will cause prices to continue to rise and this will impact rates to the upside until the risk of Covid recedes or the impact on the economy is blunted. On the policy front, the Federal Reserve is positioning for both a removal of asset purchases and they have communicated their desire to start raising the federal funds rate shortly thereafter. Both of these policy actions will cause rates to rise relative to where they would be otherwise.

Mortgage insurance protects the lender. You'll have to pay for it if you get an FHA mortgage or put down less than 20% on a conventional loan. The traditional target for a home down payment is 20% of the purchase price, but that's out of reach for many buyers. Mortgage insurance makes it possible to hand over a much smaller down payment and still qualify for a home loan. It protects the lender in case you default on the loan. With a conventional mortgage — a home loan that isn't federally guaranteed or insured — a lender will require you to pay for private mortgage insurance, or PMI, if you put less than 20% down. With an FHA mortgage, backed by the U.S. Federal Housing Administration, you'll pay for mortgage insurance regardless of the down payment amount. USDA mortgages, backed by the U.S. Department of Agriculture, and VA mortgages, backed by the U.S. Department of Veterans Affairs, don't require mortgage insurance. But they do have fees to protect lenders in case borrowers default. So you'll still face an extra cost with these home loans in exchange for the low down payment requirement. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

The median price of a Las Vegas resale sat at $406,500 for September. It was another record, but not by much... “We always go into our slowdown once we get into the fourth quarter: October, November, December. You see fewer properties coming onto the market,” says Aldo Martinez, the President of Las Vegas Realtors, the trade group that tracks resales. He says the market remains healthy, but prices are taking a bit of a breather. A median price of $406,500 is nothing to sneeze at, but a $1,500 monthly increase is a blip compared to what 2021 has seen: increases of $10,000 in February, $8,000 in March, $12,000 in April, $10,000 in May, $10,000 in June and $10,000 in July. So, the market is pumping the brakes, not only on prices but on sales. In September, 3,209 single-family resales were sold. In August, it was 3,210, a one-house difference. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

The median price of a Las Vegas resale sat at $406,500 for September. It was another record, but not by much... “We always go into our slowdown once we get into the fourth quarter: October, November, December. You see fewer properties coming onto the market,” says Aldo Martinez, the President of Las Vegas Realtors, the trade group that tracks resales. He says the market remains healthy, but prices are taking a bit of a breather. A median price of $406,500 is nothing to sneeze at, but a $1,500 monthly increase is a blip compared to what 2021 has seen: increases of $10,000 in February, $8,000 in March, $12,000 in April, $10,000 in May, $10,000 in June and $10,000 in July. So, the market is pumping the brakes, not only on prices but on sales. In September, 3,209 single-family resales were sold. In August, it was 3,210, a one-house difference. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench ________________________

The raft of legislation designed to spur first-time homeownership in America seems to grow by the minute. Another bill has joined the fray, and its sponsors propose creating a new 20-year-fixed-rate mortgage program through Ginnie Mae. The legislation, dubbed the “Low-income First Time Homebuyer (LIFT) Act,” would create a program through the Department of Housing and Urban Development that would sponsor low fixed-rate 20-year mortgages. The bill is sponsored by Sens. Mark Warner (D-VA), Tim Kaine (D-VA), Chris Van Hollen (D-MD), Raphael Warnock (D-GA), and Jon Ossoff (D-GA). To qualify, one would have to be a first-time, first-generation homebuyer, with an income equal to or less than 120% of the area median income. In the past couple of months two versions of the $15,000 first-time homebuyer tax credit and Rep. Maxine Waters' (D-CA) Down Payment Towards Equity Act of 2021 were introduced as alternatives for addressing housing inequity. The response from some fair housing advocates to the LIFT Act has been lukewarm so far. Some sources expressed worry that if significant money is allocated to this program, funding for Rep. Maxine Waters' down payment assistance bill – a favorite among fair housing advocates – might not come. Dave Stevens, former FHA commissioner, said in an interview with HousingWire that Warner's bill has the potential of getting traction in Congress. This first-time homebuyer bill has a “unique combination of Republicans and Democrats that have aligned on how this thing can work,” Stevens said. Additionally, the legislation is “very limited” and specifically geared towards first-generation homebuyers, addressing worries of a bill being too broad, resulting in minority homebuyers getting pushed out of purchasing a home. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

LAS VEGAS HOUSING MARKET UPDATE: "Southern Nevada home prices jumped 19.8 percent year-over-year in June, outpacing the national rate of 18.6 percent, according to the S&P CoreLogic Case-Shiller index released Tuesday by S&P Dow Jones Indices. All 20 metro areas in the report showed double-digit price gains in June, with Phoenix leading the pack at a staggering 29.3 percent annual gain, and Chicago at the bottom with a still-fast 13.3 percent increase. “The last several months have been extraordinary not only in the level of price gains, but in the consistency of gains across the country,” said Craig Lazzara, global head of index investment strategy at S&P Dow Jones, in a news release. Locally, people have flooded homes with offers and routinely paid over the asking price, and builders have put buyers on waiting lists, regularly raised prices, taken bids for lots and in some cases even drawn names to determine who gets to buy a place. It has become increasingly difficult to purchase a home in the Las Vegas area, increasingly expensive, and, some fear, increasingly unaffordable." ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

Southern Nevada home prices jumped 19.8 percent year-over-year in June, outpacing the national rate of 18.6 percent, according to the S&P CoreLogic Case-Shiller index released Tuesday by S&P Dow Jones Indices. All 20 metro areas in the report showed double-digit price gains in June, with Phoenix leading the pack at a staggering 29.3 percent annual gain, and Chicago at the bottom with a still-fast 13.3 percent increase. “The last several months have been extraordinary not only in the level of price gains, but in the consistency of gains across the country,” said Craig Lazzara, global head of index investment strategy at S&P Dow Jones, in a news release. Locally, people have flooded homes with offers and routinely paid over the asking price, and builders have put buyers on waiting lists, regularly raised prices, taken bids for lots and in some cases even drawn names to determine who gets to buy a place. It has become increasingly difficult to purchase a home in the Las Vegas area, increasingly expensive, and, some fear, increasingly unaffordable.

You believe owning a home is in your future. It's the American dream. But a lender has other ideas. That's because lenders don't think about the American dream; they think about the three numbers that indicate whether you'll qualify for a loan. Those three numbers are your credit score. Credit scores are largely determined by your credit history, and you can view that history on your credit report. The report offers a snapshot of your financial life – if you paid your bills on time, missed payments, and any other little blemish that has occurred over the years. You need to learn how to increase these scores and fix the blemishes on your credit report in order to qualify for a Mortgage. ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench ________________________

LAS VEGAS HOUSING MARKET UPDATE: "Southern Nevada home prices jumped 19.8 percent year-over-year in June, outpacing the national rate of 18.6 percent, according to the S&P CoreLogic Case-Shiller index released Tuesday by S&P Dow Jones Indices. All 20 metro areas in the report showed double-digit price gains in June, with Phoenix leading the pack at a staggering 29.3 percent annual gain, and Chicago at the bottom with a still-fast 13.3 percent increase. “The last several months have been extraordinary not only in the level of price gains, but in the consistency of gains across the country,” said Craig Lazzara, global head of index investment strategy at S&P Dow Jones, in a news release. Locally, people have flooded homes with offers and routinely paid over the asking price, and builders have put buyers on waiting lists, regularly raised prices, taken bids for lots and in some cases even drawn names to determine who gets to buy a place. It has become increasingly difficult to purchase a home in the Las Vegas area, increasingly expensive, and, some fear, increasingly unaffordable." ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench ________________________

LAS VEGAS HOUSING MARKET UPDATE: "Southern Nevada home prices jumped 19.8 percent year-over-year in June, outpacing the national rate of 18.6 percent, according to the S&P CoreLogic Case-Shiller index released Tuesday by S&P Dow Jones Indices. All 20 metro areas in the report showed double-digit price gains in June, with Phoenix leading the pack at a staggering 29.3 percent annual gain, and Chicago at the bottom with a still-fast 13.3 percent increase. “The last several months have been extraordinary not only in the level of price gains, but in the consistency of gains across the country,” said Craig Lazzara, global head of index investment strategy at S&P Dow Jones, in a news release. Locally, people have flooded homes with offers and routinely paid over the asking price, and builders have put buyers on waiting lists, regularly raised prices, taken bids for lots and in some cases even drawn names to determine who gets to buy a place. It has become increasingly difficult to purchase a home in the Las Vegas area, increasingly expensive, and, some fear, increasingly unaffordable." ________________________ DAN FRENCH Realtor | Key Realty LLC License # S.0193843 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSnapshot Twitter: https://twitter.com/AskDanFrench ________________________