Rhodes Ranch Homes
I have been by the Rhodes Ranch community in the southwest region of Las Vegas right off of Durango many times and have even had the opportunity to show a few Rhodes Ranch homes for sale in this upscale community but really had no clue as to just how nice it was until recently.
My little Brother and his family moved to Rhodes Ranch two months ago. John and [...] Continue Reading…
House Narrowly Passes Cap and Trade Bill
Once again President Obama proves he has no real concern for the housing industry by supporting the energy climate bill despite the fact procedurally the bill should have never been voted on inasmuch as a copy of the bill was NOT in the well of the House. How is this possible you ask? The bill was still being rewritten and no copies we available.
How is it that the [...] Continue Reading…
There is a huge buzz about the Obama Administration tax credit for first time home buyers, however, the good news is if you have not purchased a home in the last three years are in fact a first time homebuyer.
At the start of the talk, the original tax credit was going to be $15,000, however, after all the negotiating the tax credit is $8,000, which is still a good amount to help you purchase [...] Continue Reading…
While sales of single family Las Vegas homes have risen recently it appears as though the self imposed moratorium by the banks on foreclosures has been lifted.
While the Obama Administration promised distressed homeowners relief and loaned banking institutions tens of billions in TARP and bailout money the banks took a “wait and see” attitude and slowed or suspended home foreclosures here in the Valley and across the Nation.
Now that it [...] Continue Reading…
With the muscle of Senator Harry Reid and Speaker Nancy Pelosi, President Barrack Obama won a major political victory last Friday with the $787 Billion Dollar Stimulus Bill that he championed. Or did he? In both Houses only 3 Republican votes were cast for the legislation. While the Republicans held the line in the House with not a single vote for the bill and 7 Democrats joined their effort, 3 Republican Senators insured its [...] Continue Reading…
A lot of Las Vegas real estate Buyers have been sitting on the fence for months hoping prices would continue to drop. And have home prices dropped over this past year. Some areas in the Las Vegas Valley have seen up to a 30% price reduction on Las Vegas Homes in just this past year. But can they go much lower? I would think not.
Home prices per square foot are almost at a pre [...] Continue Reading…
This week saw yet another program introduced to stop the foreclosure tsunami here in the U.S. housing market. Project Lifeline consists of six of the major mortgage lenders give all homeowners that a 90 days delinquent a 30 pause on foreclosure.
Other real estate bloggers have inaccurately described this program as being designed for homeowners with sub-prime loans that need relief. This program is for anyone with a mortgage that is 90 days delinquent regardless [...] Continue Reading…
President Bush is signing the Economic Stimulus Act of 2008 yesterday, Wednesday February 13. Everyone is hearing all about the rebate checks that most Americans will receive sometime in spring according to when they file their taxes. The rebate checks will be $600 for a single taxpayer, $1,200 for married couples, and $300 per child.
However, what does the Economic Stimulus Act of 2008 have to do with the real estate market? The good part [...] Continue Reading…
There are several things that affect Las Vegas real estate many of which are economic factors. These economic factors affect the demand of home buyers wishing to live in the Las Vegas area and some of the economic factors affect the supply of homes in the Las Vegas area.
The economic factors in the Las Vegas area that affect both demand and supply include the job market, the rise in the price of home values, [...] Continue Reading…
Booming Las Vegas Economy and Real Estate Market
All across America, we are seeing a buyers market and of course many scary words coming from the mouths of analysts. However, the economy is beginning to boom in Las Vegas and so is the real estate market. There are several new projects under way in the downtown area of Las Vegas and along the strip that will have the casino industry alone needing 113,500 workers in [...] Continue Reading…
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