Rick Thompson Blog

5 Reasons Homeowners Throw Better Super Bowl Parties!

Posted by Rick Thompson on February 03, 2017 in  Buyer Resources  Renting
About Rick Thompson Rick Thompson s a real estate agent with Coldwell Banker Premier Realty and specializes in listing, marketing and selling homes in Las Vegas and Henderson, Nevada.  Rick has a reputation for friendliness, honesty and a strong work ethic and is committed to achieving his clients' real estate goals.  If you are looking to buy or sell a home,  please call 702-755-6032 or email  Rick.Thompson@cbvegas.com.Infographic courtesy of Keeping Current Matters ... read more
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Think You Can't Buy a Home?: Understanding Today's Mortgage Approval Requirements (INFOGRAPHIC)

Las Vegas | Henderson Homes for Sale
Posted by Rick Thompson on July 22, 2016 in  Buyer Resources  Renting
Many renters believe that their dream of home ownership is out of reach because they don't have a 20% down payment and/or their credit score is too low.Potential home buyers should be aware that: Interest rates remain historically low. 88% of property managers raised their rent in the last 12 months. Mortgage credit score requirements continue to fall. Homeownership may be within your reach! If you would like more information about buying or selling a home, please call me at 702-755-6032 or e... read more
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Residential Rents Continue Rise

Las Vegas | Henderson Homes for Sale
Posted by Rick Thompson on July 21, 2016 in  Renting
Nationally, renters continue to see a year over year increase in the average effective rent.   The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June.    That’s the strongest yearly price gain since 2007.   This coincides with a report released earlier this month in which AxioMetrics annou... read more
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The Cost of Renting v. Buying

Posted by Rick Thompson on May 20, 2016 in  Buyer Resources  Renting
Summary:  The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.  Buying costs are significantly less than renting costs.  The percentage of income needed to afford a median priced home is less than the historic norm. Bottom Line With rents continuing to rise and mortgage interest rates still at historic lows, renters may want to consider if they are ready to purchase a home.  If you are ready to determ... read more
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Rent or Buy: Either Way You’re Paying A Mortgage

Posted by Rick Thompson on April 06, 2016 in  Buyer Resources  Renting
There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service... read more
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