The ink on the new housing rescue bill isn't dry yet, but Washington is already leaning hard on regulators and mortgage bankers to get their full attention focused on it and act as soon as it goes into effect on October 1, 2008. If all goes as planned, it would help some 400,000 homeowners refina
...
07/29/2008
Southern Nevada Water Authority, or SNWA, has a massive job on its hands. Years ago when Las Vegas was still a miniature from what it is today the Authority's task was simple. Snowmelt from the Rockies steadily supplied water to Lake Mead and that was plenty to keep the valley moving right along.
...
07/26/2008
Washington has been hard at work for a while on this huge housing rescue legislation - it'll provide $300 billion to distressed homeowners who face a possible foreclosure - and it passed the House this week. Once it gets the blessings of the Senate and the White House, it'll become law, which it
...
07/24/2008
The Meridian Luxury Suites used to be an apartment complex within an easy walking distance to the Strip and then in 2005 all the units were converted into condominiums. Condo conversions were all the rage those days in Las Vegas. That's when the real estate market here was still doing pretty good
...
07/22/2008
Since last summer new home sales have been gradually declining in the valley and evidently reached the bottom of the cycle around January of this year. Since then the numbers have been pretty even, but by no means something to write home about. Yet, in the absence of losing any more ground for se
...
07/19/2008
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 w
...
07/17/2008
The revered Fed is taking steps to streamline how lenders go about making higher-priced home loans, higher-priced by the way is another way to say subprime, to borrowers. These guidelines are intended for the entire spectrum of mortgage lenders and not just for those under the Fed's regulatory um
...
07/15/2008
Southern Nevada hardly had any condominium market just a few short years ago. Especially the high-rise component was pretty much non-existent, save the Regency at Las Vegas Country Club. Then the Turnberry Place was built and it proved hugely successful and things sort of got fired up from there.
...
07/13/2008
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 time is
...
07/10/2008
U.S. Congress has been busy wrangling with the Housing and Economic Recovery Act for a long time and understandably so. It's a mammoth undertaking and requires lots of debate and compromises and just good old-fashioned work. The midnight oil type of stuff. It's designed to help the struggling rea
...
07/08/2008
