Houses are still selling in Las Vegas

The first 2 quarters of 2020 have been very difficult for all and for the economy. However, the houses are still selling in Las Vegas, according to ShowingTime MarketStats.

The decreased number of new listings on the market and houses still selling in Las Vegas is the combination of higher demand and lower inventory which drives the sale prices up. If you’ve been thinking of buying a new home, this may be the good time to buy.

As a home buyer, it is important to have a strong credit record to qualify for a loan to purchase your new home. Small issues, like a forgotten unpaid old medical bill, a payment that you didn’t submit on time, can affect your credit score and therefore your qualifying requirements for a new home loan.

It might be a hassle to identify and correct the issues that affect your credit score. Fast Credit Solutions can do the work for you. Our team has years of experience helping people like you. Call us or click read more below to fill our contact form.

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Economic Impact Payment or Stimulus Payment

The IRS started sending stimulus checks in April. Taxpayers that filed their 2018 and 2019 returns and most seniors and retirees have automatically been issued the payments without further action on their part.

For those eligible to receive the payment but have not received it, you can fill out eligibility forms on the IRS website https://www.irs.gov/coronavirus/economic-impact-payments

Coronavirus Payment Assistance

Credit card companies offer payment assistance and payment deferment for a month for those that are affected by the business closures due to the coronavirus outbreak. Some have options to request the deferment online, others you must call. The payment deferment makes the minimum payment to zero, so you are not required to make a payment this month. However, it does not remove the interest.

To request the payment deferment from Capital One, call 800.227.4825. They are friendly and willing to help.

For payment assistance from Chase, go to https://www.chase.com/paymentassistance

American Express offers a deferment on both minimum payment and interest. Their financial hardship assistance number is 866.703.4169

Coronavirus and U.S. stock market

The US stock market has been deeply affected by the Coronavirus outbreak in the USA, as it happened to the Chinese stock market a few months ago when the outbreak happened. The global outbreak, officially designated a pandemic earlier this week by the World Health Organization, has triggered widespread cancellations for major sports and cultural events and corporate conferences, travel restrictions, product shipment delays, and impelled universities across the country to halt in-person instruction.

Amid these concerns, the Federal Reserve applied a half-point interest rate cut last week and announced an additional injection of $1.5 trillion in liquidity operations, along with purchases of Treasury securities across the yield curve. Additionally, in an effort to help and maintain the strong economy, President Donald Trump proposed payroll tax cuts and announced that billions worth of low-interest loans will be available to small and mid-sized businesses getting hit by the coronavirus.