According to the MReport, the real estate market is cooling off and cannot sustain it’s upward climb.The mid and upper level price points are starting to experience price reductions, and concessions like (contingencies, covering buyer costs, etc.).
This combined with the narrowing of mortgage guidelines by the CFPB, and the possible reduction in loan amounts from Fannie Mae and Freddie Mac will undoubtedly shrink the buyer pool. One other problem to consider? Bank owned properties and the high number of current and expected foreclosures that have yet to enter the market…(read more)
Bruce Specter
CELL: (775)338-6915
OFFICE: (775) 824-3640 x126
nvmortgageman@gmail.com
http://www.summitfunding.net/bspecter
Having lived on both coasts and traveled the world, I am proud to call Reno home.With my wife and 5 year old Golden Retriever (our furchild!!), we have enjoyed the last 8 years living here, especially in our Somersett community.After spending 15 years in Scottsdale, we made more friends and acquaintances here in the first 6 months.The quality of life, from the activities to the people is unsurpassed.I hope I can do my part to maintain or improve that quality.
I have spent the past 20 years involved with real estate and finance.This after a successful career in marketing high technology, from writing guides for IBM to launching and growing a distribution channel for a Fortune 500 company.
Even in these trouble times for the banking industry, I truly enjoy what I do: work with people to develop sound real estate financial strategies, whether 1st time buyer, seasoned real estate investor or custom home builder.My best customer is one that gets involved and wants to make the best decision based on situation an requirement.
I am also very involved civicly.VP of Membership for the Nevada Center for Entrepreneurship & Technology (www.NCET.org) having been on the Northwest Neighborhood Advisory Board, EDAWN Intangible Business Advisory Committee,Reno/Sparks Association of Realtors Technology Committee,Committee Chair for several events for Rotary, Founder of the Somersett Small Business Alliance, former President-Elect of the Nevada Association Mortgage Professionals, just to name a few.
Bottom-line, I take what I do seriously, make sure family comes first and do the right thing.Life is good!
I have spent the past 20 years involved with real estate and finance.This after a successful career in marketing high technology, from writing guides for IBM to launching and growing a distribution channel for a Fortune 500 company.
Even in these trouble times for the banking industry, I truly enjoy what I do: work with people to develop sound real estate financial strategies, whether 1st time buyer, seasoned real estate investor or custom home builder.My best customer is one that gets involved and wants to make the best decision based on situation an requirement.
I am also very involved civicly.VP of Membership for the Nevada Center for Entrepreneurship & Technology (www.NCET.org) having been on the Northwest Neighborhood Advisory Board, EDAWN Intangible Business Advisory Committee,Reno/Sparks Association of Realtors Technology Committee,Committee Chair for several events for Rotary, Founder of the Somersett Small Business Alliance, former President-Elect of the Nevada Association Mortgage Professionals, just to name a few.
Bottom-line, I take what I do seriously, make sure family comes first and do the right thing.Life is good!
Latest posts by Bruce Specter (see all)
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