Las Vegas News you can use 11/6/13
Banks offering mortgages with only 5% down payments
"Good news for homebuyers who don't have a lot of cash on hand: Banks are offering loans with down payments of just 5%.
After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they had to turn to the Federal Housing Administration for a low down-payment loan.
But now banks like TD Bank, Bank of America (BAC, Fortune 500), and Wells Fargo (WFC, Fortune 500) are loosening the purse strings, offering loans with down payments that are as low as 5%."
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Las Vegas home prices rising again after brief dip
"After a one-month dip, Las Vegas home prices are climbing again.
The median sales price of previously owned single-family homes in Southern Nevada last month was $185,000, up 3 percent from September and 32 percent from October 2012, according to a new report from the Greater Las Vegas Association of Realtors.
Prices had slipped 1 percent in September from August, marking the first time in almost two years that Las Vegas home prices fell from the previous month."
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CAN COLOR HELP SELL YOUR HOME?
"Yes! Just like curb appeal matters, the colors of your home can and will influence buyers. With that in mind, we explore which colors tend to appeal to the masses.
The color scheme of your home from the outside in, sets the tone. It's like going to see a theatre play and seeing an intricately crafted and appropriately painted set for the production. It can immediately intrigue you–before the play has begun and even if you knew few details about the play."
Rates are still down; check and compare here.
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Construction under way for Tivoli Village's second phase
"Although no official tenant announcements have been made, the second phase will feature more national retailers and less locally owned stores. Unconfirmed reports around the center have alluded to a new Apple Store and a Victoria’s Secret coming in. Also expect the second phase to be less heavy on food and beverage. The center’s first phase is about 32 percent devoted to dining.
Ultimately, Tivoli Village, 440 S. Rampart Blvd., will encompass more than 650,000 square feet when the second phase is finished. About $700 million will have been put into the project when all is said and done."
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WHY LOCALS AND TOURISTS LOVE PALACE STATION’S OYSTER BAR
"If you’re gonna go, go early or late. The Oyster Bar is open 24 hours for a reason; these 18 seats are always in high demand, and snagging one or two is only an easy proposition in the early morning hours. Whether you’re eating a pan roast for breakfast or at the end of a Vegas all-nighter, well, that part’s up to you.
Oh, pan roast. There’s nothing quite like you."
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