Join us for refreshments, answers to your real estate related questions by industry leaders and an open house in fantastic Whitney Ranch, at one of the most well maintained properties I have EVER seen!
Sunday July 1st between 11:00 and 3:00pm
Also, enter to win $100 dollar Home Depot gift card!
We will see you there!
1429 Hawkwood Rd Henderson, Nv 89014
At Sunset and Stephanie, head west on Sunset to Whitney Ranch, head north on Whitney Ranch to Hawkwood, head east on Hawkwood to property on right.
For those who can't wait! Check out our website for a virtual tour and full details on this exquisite property.
Several factors suggest that housing is looking better, after a year when a slump has had a hold on not only housing but also economic growth in general.
Here are some of the signs that things are starting to look up:
Sales of new homes soared 16.2 percent in April, the largest monthly gain in 14 years, reaching an annual rate of 981,000.
Total single-family sales - both new and existing - during the first four months of the year have averaged 5.5 million, about the same pace as in the final four months of last year.
Through May 25, the four-week average of applications for new mortgages was at its highest level since early 2006, according to data from the Mortgage Bankers Association.
To put the decline into perspective, nationwide home prices are up 29.2 percent over the past three years and 64.3 percent over the past five years. That should be enough to comfort consumers who might be worried about the value of their homes, say Business Week Magazine analysts,.
The Mortgage Bankers Association's seasonally adjusted index of home-loan application activity rose 6.6 percent to 666.5 for the week ended June 8. The index of purchase activity advanced 7.2 percent, while refinancing activity bumped up 5.6 percent.
Meanwhile, mortgage rates climbed to an 11-month high, with the average 30-year fixed mortgage rate hitting a 10-month high of 6.84 percent, according to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.27 discount and origination points.
The average 15-year fixed rate mortgage popular for refinancing increased by a similar amount, to 6.53 percent. Adjustable rate mortgages were no different, with the average one-year ARM nosing higher to 6.19 percent and the 5/1 ARM bounding up to 6.67 percent.
Mortgage rates staged a significant increase over the past week, and it came in the absence of any major economic data. Instead, rising interest rates overseas proved to be the catalyst, even though the Federal Reserve stands pat here at home, Bankrate said. Higher interest rates and strong economic growth in other parts of the world could force Uncle Sam to pay higher yields to attract funds from foreign investors.
Fixed mortgage rates have increased more than one-half percentage point since mid-May. At the time, the average 30-year fixed mortgage rate was 6.32 percent, meaning that a $165,000 loan would have carried a monthly payment of $1,023.46. With the average 30-year fixed rate now 6.84 percent, the same loan originated today would carry a monthly payment of $1,080.08.
Fixed mortgage rates still remain the better refinancing alternative for adjustable rate borrowers facing sharp payment adjustments.
Source: Bankrate.com, Mortgage Bankers Association
More home owners entered the foreclosure process during the first three months of 2007 than during the record-setting final quarter of 2006, according to a report by the Mortgage Bankers Association.
The MBA's Chief Economist Doug Duncan predicts that delinquencies would continue to rise, peaking later this year. He also points out that the rate would have fallen if it weren't for substantial increases in seven states.
"The percentage of loans in foreclosure would be well below the average of the last 10 years were it not for Ohio, Michigan, and Indiana," Duncan says. "And the rate of foreclosures started nationwide would have fallen were it not for the big jumps in California, Florida, Nevada, and Arizona. Those states have special circumstances that do not reflect what is happening in the rest of the country."
Seasonally adjusted, 0.58 percent of loans entered the foreclosure process last quarter, compared with 0.54 percent in the fourth quarter of 2006 and 0.41 percent in last year's first quarter. The rates for the past two quarters are the highest in the survey's 37-year history.
-REALTOR® Magazine Online and The Wall Street Journal, Damian Paletta and James R. Hagerty
Living Area: 2,133 square feet Year Built: 1991 More Details
Description
Welcome home to perfection!
Enter to this warm and inviting yet open and spacious home. Upon entry you'll find yourself admiring the custom built in cabinetry, beautiful hardwood flooring and exquisite wainscoting and baseboards.
Step down into the open and spacious formal living room with gas or wood burning fireplace, large picture windows, cathedral ceilings, and brand new luxurious carpeting.
To your left you’ll find the home’s formal dining room that is sure to impress with its dramatic vaulted ceilings. Next you'll enter the spacious kitchen with island, walk in pantry and custom stained cabinetry.
Adjoining is the family room with more custom built-ins and access to the rear yard through custom french doors.
The downstairs bedroom has its own entrance and is convenient to the guest bathroom with shower.
Upstairs you'll find a jack and jill bathroom with double sinks for the two guest rooms, and a large and spacious master suite with double door entry, dual walk-in closets, and double sinks in the spacious bathroom.
Exiting to the rear yard is like stepping out into your own private park! A tranquil pond surrounded by lush low maintenance landscaping greets you as you step out onto the large stucco and tile roofed patio cover with two ceiling fans and recessed lighting.
Or enjoy the open air on the separate uncovered patio.
This home is the epitome of turn-key, the sellers have thought of everything, new carpet, warm/neutral colors, built in storage in the garage, upgraded raised panel doors throughout, it even has two BRAND NEW central air units.
An absolutely fantastic home located in a wonderful neighborhood. Conveniently set in beautiful Whitney Ranch, this home is an ABSOLUTE must see.
Call today for a private showing, or come by Sunday July 1st for our open house as well as complimentary refreshments and answers to your real estate questions by industry leaders in real estate, escrow and finance. More Description
Brokered and Advertised by Universal Realty LID 1122392
Information is deemed to be correct but not guaranteed.
Here's more evidence that the housing market is stabilizing. The Architecture Billings Index rose to 55 last month, up from 52.6 in April and the fourth consecutive monthly increase, the American Institute of Architects said.
Numbers above 50 indicate growth.
Residential construction posted the largest gains and the most activity was in western states. Construction activity tends to lag architects' billings by nine to 12 months, the group noted.
The best way to sell a luxury property is to make top-producing real estate professionals aware that it's for sale, says Nancy Cook of Kuper Sotheby's International Realty, which specializes in high-end properties.
Cook, who is selling a $7.5 million home in Austin, Texas, recently invited real estate professionals from Dallas, Austin, Houston, and San Antonio to a lunch and open house at the home. More than 100 practitioners attended.
Sending out invitations gave Cook a chance to distribute the eight-page color brochure that she had printed for the property, which is likely to generate more leads than the party itself, she says.
After the party, Cook sent pictures from the luncheon to a real estate trade publication in Austin - a simple way to get free publicity, she adds. She also asked each of the practitioners to give her the names of five potential buyers, or people who know potential buyers, so that she can host a cocktail party at the house later this month.
Jason Glast of the Phyllis Browning Co. agrees that networking and cooperating with other agents is important. "You have to play well with the [real estate] community," he says. "That's why [practitioners] who are hostile or overly competitive, I don't see how that helps their clients."
Source: San Antonio Express-News, Rachel Stone (06/01/07)
In a California public housing complex, there are no utility bills - the place is powered by solar. The landscape is edible, with grounds that include sage, rosemary, and lemon trees. And, tenants of this 56-unit Solara in Poway pay 40 percent below market.
In California, public housing is the green wave of the future.
"It's really an innovative project. It serves as a living, breathing ... model," says Adam Gottlieb of the California Energy Commission. "Not only are they building smart and fighting climate change, but they are reducing greenhouse gases for the rest of us."
The project was designed by Global Green USA, a nonprofit that combats global warming and nuclear proliferation. The complex boasts the following key features:
Carport shade structures that hold solar panels to convert the sun's rays into electricity that powers virtually the entire complex.
Buildings situated to take advantage of southern exposure.
Windows offering cooling cross-ventilation.
Tankless water heaters.
Water-saving dual-flush toilets.
Dual-paned windows.
Heat-reflecting roofs.
Nontoxic formaldehyde-free insulation.
Non-Freon-fueled air conditioners.
Source: San Diego Union Tribune, Lisa Petrillo (06/02/07)
Homes prices increased gradually in the first quarter of 2007, according to figures released Thursday by the Office of Federal Housing Enterprise Oversight, the agency that oversees Fannie Mae and Freddie Mac.
Average home prices rose 0.5 percent in the January-March period, compared with 2.2 percent in the first quarter of 2006. Year over year, home prices were 4.3 percent higher this year than last.
"Nationwide, house prices continued to rise in the first quarter of 2007, albeit at the lowest rate in 10 years," OFHEO Director James B. Lockhart said in a statement.
Two states, Massachusetts and Michigan, had home-price declines over four consecutive quarters, the first time in seven years that has occurred, according to the OFHEO.
Source: The Associated Press, Marcy Gordon (05/31/07)
Vacation home owners who have residences in different states should be careful to make clear which house they call home, or they may trigger state income taxes in both places.
"It's an issue today with people shopping for low tax jurisdictions," says Dan Meehan, a tax partner at New Jersey-based J.H. Cohn LLP, an accounting, auditing, and consulting firm.
Meehan recommends that those who move from high-tax states to one with lower taxes take care to switch addresses on passports, voter registrations, automobile, registrations, and driver's licenses. They should file federal income-tax returns from their preferred address. It's also important that people spend more than six months in their chosen state and keep good records so they can demonstrate that.
Seven states - Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming - don't have a personal income tax. New Hampshire and Tennessee have only a very limited tax on some items.
Source: The Wall Street Journal, Arden Dale (05/31/07)
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