home: Las Vegas housing projects in outlying areas slowing down - 09/04/08 11:03 PM
A few years ago when the real estate boom was happily chugging along home prices in town were breaking records month after month. The predictable result was that many home buyers were beginning to be priced out. Smaller, established communities like Mesquite and Pahrump where land cost a lot less could … (0 comments)
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home: Mortgage industry about to attract fresh capital - 08/30/08 10:26 PM
Investors are returning to the residential real estate market and that is a sign of a turnaround in the making. It may not happen tomorrow, but it's coming. There are all sorts of investors who desire to take advantage of the slumping market. In Las Vegas, for instance, they are looking … (6 comments)
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home: Las Vegas land prices soften up, except on resort corridor - 08/15/08 06:43 PM
The way the residential real estate market today is going in Southern Nevada it's no surprise that raw land values here are heading south. Demand for land is way down as the housing sector struggles with a large inventory of new and resale homes. Even if a builder wanted to purchase acreage … (8 comments)
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home: Las Vegas second home buying could be affected by new housing bill - 08/03/08 12:48 AM
The mammoth recent housing bill has gazillion provisions in it, covered in detail on about 600 plus pages of fine print. There is the potential mortgage refinance assistance for those in payment distress, there is the tax credit for first-time homebuyers who qualify and so on. Lots of material that when … (10 comments)
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home: Is an HOA for you? - 07/17/08 10:52 PM
Homeowner's associations, or HOAs, have at times been berated by angry residents who feel they've been wronged by the rules that are part of the deal in certain communities. Or perhaps not the rules themselves but how someone in the HOA management interprets them. Anyhow, it's important to know what the … (2 comments)
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home: Southern Nevada home sales increase again in June - 07/10/08 11:05 PM
Las Vegas homeowners and would-be buyers are anxiously keeping an eye on the local real estate market. Homeowners want to see the price slide to finally come to halt as they've already lost a large chunk of equity during the last few years. Prospective buyers are trying to gauge when the … (6 comments)
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home: Green building to the rescue - 07/01/08 10:43 PM
A lot of exhaustive debate is going on around the country about how to start resolving our worsening energy crisis. Well, that's good. In reality, though, this same topic has been discussed in U.S. Congress, college campuses, energy conventions, just about everywhere really, for a couple of decades now and nothing … (6 comments)
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home: Las Vegas real estate numbers keep improving - 06/20/08 12:00 AM
May housing numbers for Southern Nevada are mostly positive. Not too long ago all the key indicators were heading in the wrong direction, but that trend seems to be now history. Recent history for sure, but history anyway. The one truly worrisome category that keeps churning out high figures is the … (7 comments)
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home: Coyote Springs put on hold for now - 05/11/08 10:15 PM
Development in metropolitan Las Vegas is pushing in all directions, along the cactus-dotted desert floor and up and over craggy foothills and mountains surrounding it. When about 5,000 to 6,000 people move here every month there has to be housing and services for them, but as developable and reasonably-priced land is … (0 comments)
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home: Las Vegas real estate prices turn more affordable - 04/26/08 08:07 PM
The current crunch that descended on the Southern Nevada housing market is slowly working on what it is designed to do. It was invited to the valley by stark economic realities that had learned the bazaar had grown overheated and was actually about to spiral out of control. Home prices were zooming, … (4 comments)
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home: Freddie Mac to the rescue - 04/24/08 12:08 AM
Freddie Mac is one of the big players in the secondary mortgage market, buying conforming loans there to add liquidity to the vast home finance system. The current conforming loan limit is $417,000 and anything above that is called jumbo and interest rates at that altitude generally hover as much as … (10 comments)
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home: Mortgage foreclosures more common in outlying Las Vegas suburbs - 04/17/08 08:52 PM
Very little has changed in the last few months. Nevada still ranks as number 1 in the country in mortgage foreclosure filings with 18,087 for the first quarter of this year, according to California firm foreclosures.com. The state just can't seem to shake that undesirable position. Clark County has nearly 16,000 … (2 comments)
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home: Summerlin introduces creative real estate marketing - 03/12/08 10:11 PM
Like so many other housing markets across the country Las Vegas, too, is feeling the adverse effects of tightening mortgage guidelines, slumping home values and skittish buyers. It's a major task to sell a property under these testing circumstances.
Real estate agents, FSBOs, lenders, whoever is selling, have burned the midnight oil … (2 comments)
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home: Hoover Dam bridge construction at full speed again - 03/06/08 12:25 AM
One day back in September of 2006 was rather unkind to the new Hoover Dam bridge project. Winds that faithful day were robust, to the tune of 55 miles per hour, and managed to knock down a vital cableway structure used to ferry building materials over the rocky Black Canyon construction … (2 comments)
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home: Las Vegas land prices in a flux - 02/23/08 02:20 AM
As the mortgage sector and the residential real estate market in the valley stumble along, the same type of instability is now evident in the raw land arena. The weakness in the former is clearly beginning to affect the latter.
In the fourth quarter of 2007 land prices here climbed to a … (8 comments)
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home: Housing wrestles with affordability issue - 01/30/08 09:46 PM
In multiple areas nationwide the residential real estate market remains soft and offers home buyers splendid opportunities. Prices are coming down and many sellers are at last realizing that the marketplace determines the listing price and not them. They are now more willing to negotiate rather than just turn down unappealing offers. … (10 comments)
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home: Las Vegas home builders going green - 01/23/08 11:33 PM
Southern Nevada Home Builders Association, or SNHBA, is becoming very active in embracing the green housing concept. It has combined efforts with the Green Building Initiative to draw up guidelines for the Southern Nevada Green Building Partnership, an entity that sets standards for water management, energy use and the employment of … (9 comments)
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home: Cosmopolitan on the Strip also struggling - 01/19/08 09:41 PM
This week has really been up and down in the Las Vegas condominium market. Earlier Sinifox Financial reported how well the MGM Mirage's CityCenter condos were accepted by the luxury home buyer. A few days later the news turned sour as an item surfaced about a downtown condominium project called Newport Lofts … (8 comments)
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home: Lake Las Vegas project has a new owner - 01/12/08 01:09 PM
Transcontinental Corp. began developing the 3,592-acre Lake Las Vegas site near Henderson in 1990 and was building upscale houses, condominiums and townhouses along the slopes of the man-made lake. Besides homes, the project also includes three luxury resorts, the MonteLago Casino and an Italian-themed village.
The soft real estate market in … (6 comments)
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home: State of the real estate market today - 01/07/08 10:20 PM
The national mortgage and real estate market headlines last year were overwhelmingly pessimistic, implying that the roof is about to cave in. Many large and small lenders failed, some predictably and others unexpectedly, and several are still struggling to stay afloat. Growing foreclosure anxiety continues to keep the midnight oil burning … (16 comments)
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