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real estate: Public Housing Complex Goes Green - 06/05/07 02:19 PM
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 … (0 comments)
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real estate: Nationally, Average Home Prices Inch Up - 06/05/07 02:11 PM
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 … (0 comments)
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real estate: NAR Index: Market Shows Signs of Stabilizing - 06/05/07 02:08 PM
forward-looking indicator based on pending home sales shows the housing market could edge down but appears to be in the process of leveling off, according to the NATIONAL ASSOCIATION OF REALTORS®.The Pending Home Sales Index, based on contracts signed in April, stood at 101.4, down 3.2 percent from an upwardly revised March reading of 104.8. The index is 10.2 percent lower than April 2006 when it registered 112.9. The revised March index was 10 percent below a year earlier.Lawrence Yun, NAR senior economist, says the current index appears to be a fair representation of overall housing market conditions. "It looks like … (0 comments)
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real estate: U.S. Homes Still Mean Big, Bigger, Biggest - 05/28/07 01:53 PM
Despite shrinking families, American homes just keep getting bigger.One in five U.S. homes had at least four bedrooms in 2005, up from one in six in 1990.Utah leads the nation with nearly 40 percent of homes having at least four bedrooms, according to a report Tuesday by the Census Bureau. Demand is high in part because Utah has more people per household (3.07) than any other state.States with nearly as high a percentage of four-bedroom homes include Maryland, Virginia, Colorado and Minnesota. Arkansas had the smallest share, at 12.6 percent.American homes, on average, are nearly twice as large as those in … (0 comments)
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real estate: New Home Sales Surge in April - 05/28/07 01:51 PM
Sales of new single-family homes jumped 16.2 percent in April, the largest increase in 14 years, but the median price fell 11.1 percent, marking the largest one-month decline on record, according to the Commerce Department.Analysts regarded the mixed signals cautiously, saying that troubles in the subprime market could further crimp demand in coming months.''What you're seeing is the blue-light special,'' says Pat McPherron, an economist with Moody's Economy.com. ''The only way this market is going to move is by price cutting.''The strength in new-home sales was led by a 27.8 percent increase in the South. Sales were also up in the … (0 comments)
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real estate: Amex Says, 'Pay the Mortgage with Plastic' - 05/28/07 01:50 PM
American Express Co. is announcing today that cardholders will be able to pay their mortgages using plastic - and get credit-card rewards for doing so.American Home Mortgage Investment Corp. and IndyMac Bancorp Inc., two of the top 10 residential-mortgage originators, are the first lenders to sign up for the program.Participants will be charged a one-time fee of $395 paid to the mortgage lender to cover account management. Once enrolled, the cardholder will earn cash back, airline points or other types of rewards offered by their American Express card.A cardholder with a $2,500 monthly mortgage would amass 30,000 card points a year.-The … (2 comments)
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real estate: Restoring a Historic Home? Don't Expect a Profit - 05/28/07 01:48 PM
Experts in the restoration of historic dwellings say the process consumes much time, energy, and money; and home owners cannot expect to profit from the transformation. It cost nearly $300,000 for Mike and Cindie Pappas to restore the 1866 farmhouse they purchased in Fairfax City, Va., in 2003 for $360,000. Despite its location outside of a historic district, Historic Fairfax City Inc. required the Pappases to preserve the home's Mansard roof and log floor joists. Historic properties often are in poor condition, needing many new components and repairs; and home owners who abide by regulations requiring them to use original building … (2 comments)
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real estate: How to Sell a Modest Home in an Upscale Area - 05/28/07 01:42 PM
If you are selling a "C-level" house in an "A level" area, what's the best way to market the house?"You're never going to get as much for your house as you do the big boys, the people with the 'A' houses," says Mark Nash, a Coldwell Banker associate and author of 1001 Tips for Buying and Selling a Home. "But on a square footage basis, you could get even more per square foot - assuming you present your house well." Here are some pointers from Nash:Price carefully. "Sellers who overshoot on price at the outset can be severely penalized later in … (0 comments)
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real estate: THE LUXURY HOMES TOPPING THE MARKET - 05/28/07 01:40 PM
America's priciest real estate is just getting more and more expensive. Why? A good mega-mansion is hard to find."God's not making any more land. [Trophy properties] are a true microeconomy with much less supply than demand," says Mauricio Umansky, an associate at Hilton & Hyland in Beverly Hills, Calif.Many of the deals are done in cash - and as in lesser markets, some of the properties sell quickly and some don't."Think of it this way," Umansky says, "I could put three mega-yachts in a line - one contemporary, one traditional, and one Mediterranean. I don't know which one is going to … (0 comments)
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real estate: Las Vegas Market Conditions - 05/19/07 04:03 PM
We have added a new page to the website! See current market conditions in your area. Including market aprreciation and month to month comparisons visit http://www.primevegasrealestate.com/Market_Report/page_1849693.html … (0 comments)
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real estate: Construction of Ultra-Tall Buildings Is Booming - 05/19/07 04:01 PM
The market for skyscrapers recovered quickly after the terrorist attacks of Sept. 11, 2001. Fourteen of the 50 highest buildings in the world have been completed since the World Trade Center attacks, the majority in the last two years, according to Hamburg, Germany-based Emporis, a firm that tracks international building."Tall buildings are a matter of ego. Tall buildings are a sign of success," says George Efstathiou, managing partner at Skidmore, Owings and Merrill, the architecture firm behind the new Freedom Tower, the tallest building being built on the World Trade Center site, and the Burj Dubai, soon to be the world's … (0 comments)
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real estate: Top 10 Tax-Friendliest Cities - 05/19/07 04:00 PM
A recent survey by the District of Columbia government identified the metro areas that take the smallest tax bite. The survey looked at the tax burden for families in the largest city in each of the 50 states and Washington, D.C.The D.C. government in its survey accounted for local income, sales, real estate, and car/personal property taxes for couples at various income levels. The survey's rankings provided below from Kiplinger's Personal Finance Magazine are based on a dual-income couple, with one school-age child and a combined gross income of $75,000 in 2005.Here are the 10 metro areas that under those circumstances … (0 comments)
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real estate: Affluent Owe Much of Wealth to Real Estate - 05/19/07 03:57 PM
Fewer than 20 percent of all U.S. households are affluent, yet that group controls nearly half of all aggregate income, according to a new report from Packaged Facts, a division of MarketResearch.com. A major component of their wealth? Residential real estate, thanks to "the run-up in values in major metropolitan areas, where the affluent tend to live," according to the company. Nearly 21 million households fall into an affluent category - singles earning at least $75,000 and households with more than one adult earning at least $100,000 - and wield an aggregate income of $3.6 trillion, an amount Packaged Facts predicts … (0 comments)
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real estate: Private Transfer Taxes Become Issue of Contention - 05/19/07 03:46 PM
WASHINGTON - Real estate transfer taxes levied by local governments have long been a transaction reality, but now developers and homeowners associations at private communities have jumped on this revenue source and are imposing private transfer taxes on homes sold in their developments, an industry expert told REALTORS® at the NAR Midyear Legislative Meetings & Trade Expo. The taxes, which are generally based on a percentage of the sale price of each home, are written into the deeds at communities. Communities that levy such taxes present them as ways to fund community-owned amenities and to provide for more open land in … (0 comments)
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real estate: Tax Credits Can Boost Housing Affordability - 05/19/07 03:43 PM
Housing costs in many areas have continued to rise, making it increasingly difficult for many people to live near where they work, said Mike Szymanski, legislative aide to U.S. Sen. Hillary Rodham Clinton (D-N.Y.), during the NATIONAL ASSOCIATION OF REALTORS® Midyear Legislative Meetings & Trade Expo. Syzmanski talked to attendees about the benefits of expanding employer-assisted housing initiatives across the nation and the Housing America's Workforce Act, which addresses the lack of affordable housing opportunities for private sector workers by promoting EAH programs. NAR supported a similar bill introduced into Congress in June 2005; however, the bill never became law. Aiming … (0 comments)
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Aaron Whitten
Las Vegas,
NV
More about me…
Universal Realty
Address: 2490 Paseo Verde Pkwy suite 115, Henderson, Nv, 89074
Office Phone: (702) 938-7700
Cell Phone: (702) 354-9637
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Our blog is meant for anything and everything LAS VEGAS. Here you will find topics ranging from our current market conditions, great outdoor activities in our surrounding area, current financial statistics, useful money saving tips, fine wine reviews, to first hand reviews on our almost limitless fine dining options. Visitors and current clients alike, feel free to post your comments, questions and opinions on just about anything and everything. Check back soon as our team will be updating often with information we think you will want to know.
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