Citibank Las Vegas announced yesterday that they are laying off all 750 of their mortgage position employees in Las Vegas. Demand for new mortgages and re-financing has decreased significantly partially due to the increase in interest rates.
New home builders are freaking out and offering incentives galore all across the valley. Where there were once wait lists just to "break ground" there is now an abundance of standing inventory ready to move into.
CITI BANK LAS VEGAS TO LAY OFF 750 MORTGAGE JOBS
Wells Fargo Said to Eliminate 2300 Mortgage Jobs
DO YOU KNOW SOMEONE THAT HAS BEEN WAITING FOR THE “RIGHT” TIME TO SELL??
The market is turning. Interest rates have risen over 1 point to 4.5% and inventory has risen by 2600 homes in the 60 days! We have been at 4200 single family homes available for almost a year and now as of today we have over 6800! Some days rising as much as 150 homes! This is your chance to sell now before prices begin to go the other way!
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