Friday, August 27, 2010

Las Vegas Real Estate News

Las Vegas Real Estate News

Link to Las Vegas Real Estate News

Las Vegas, Nevada – Coolest City in America

Posted: 20 Aug 2010 08:37 PM PDT

Even though New York has at least a 200-year head start on Las Vegas, according to Forbes Magazine , Las Vegas and New York tie for America's "Coolest City".

When you know what Las Vegas has to offer, is it any wonder? How many places can you go and enjoy some of the best rock climbing in the world at Red Rock National Conservation Area , a choice of PGA quality golf courses or boating on Lake Mead during the day, followed by the gestational delights of four and five star restaurants and then onto a Broadway production or a fantastic night club later in the evening? That's long before you take in any of the off the strip attractions like the Nevada Ballet Theatre, The Las Vegas Philharmonic, The Las Vegas Symphony Orchestra, UNLV basketball, Area 51's baseball or a show at The Las Vegas Academy. Where else can you go and see white tigers, dolphins in the desert, a pyramid, a volcano, Italian fountains dancing to music, pirates, the New York skyline, and a castle all in less than 2 miles? Add great weather, no state income tax and an International Airport to the mix and not only is Las Vegas a "cool" place to visit, but an amazing place to live. The Michelle Sterling Las Vegas Real Estate Team would be more than happy to help you find a great deal on a "cool" Las Vegas home.

The 2010 Summerlin Arts Festival

Posted: 10 Aug 2010 11:20 AM PDT

If you are familiar with Summerlin you know what a great time the Summerlin Art Festival is. If you're not familiar with Summerlin and would like to experience just one of the things that makes Summerlin such a great Las Vegas Community, mark your calendars for September 25 and 26. There will be over 120 artists there displaying their creations, as well as professional and amateur artists literally painting the sidewalks with their temporary chalk masterpieces. Live music, roving entertainment and carving displays will add to the festive atmosphere. It's free and open to the public, so bring your friends and family, enjoy the sights and sounds and talent, as well as the food and drink. Experience the fun and culture Summerlin real estate has to offer. And who knows, you may even find that perfect piece to decorate your Las Vegas home.

The Michelle Sterling Las Vegas Real Estate Team has been working on behalf of buyers in the Summerlin master-planned community for over ten years and we love everything about it !!

Las Vegas Short Sales

Posted: 08 Aug 2010 12:06 PM PDT

Michelle Sterling Las Vegas Real Estate Team member Yvette Tavitian and I recently attended an incredibly informative short sale forum. The mastermind panel was comprised of representatives from the banking and real estate industry and they provided a great question and answer forum to over 125 agents, bringing us up-to-date on the latest changes in our Las Vegas short sale market. The bright spot was several agents relaying their experiences of obtaining approval of their short sale transactions in record time. One of the panel members stated that he was able to close a short sale transaction from start to finish in just 17 days! Certainly not the norm, but it does appear that the banks are serious about expediting short sales. Many banks have gone to automated, streamlined systems to facilitate the process for all involved. The rules are changing daily, but many of them do seem to be resulting in shorter approval times. Rest assured that we here at MS Las Vegas Real Estate are attending all the educational forums we can in order to stay current on ever-changing market conditions.

In Remembrance of Kenny C. Guinn

Posted: 01 Aug 2010 02:13 PM PDT

The citizens of Nevada lost one of our most dedicated public servants, statesmen and beloved treasures last week. On Thursday, July 22, 2010 former Nevada Governor Kenny C. Guinn passed away at his Las Vegas home while attending to repairs on his own roof. His loss leaves a gaping hole in our state and in our hearts.

His long list of contributions have benefited the citizens of Nevada immeasurably. His brilliant financial aptitude, his natural leadership ability, his fervent, unrelenting passion for education, his genuine compassion for his fellow man and his courage to choose people over politics made him the most effective and productive Governor Nevada has ever had.

Hailing from the very humble beginnings of a share cropper's family in central California, Guinn always made education his number one priority. He and wife Dema met as children, dated as teenagers, and recently celebrated their 54th wedding anniversary.

Governor Guinn was an intelligent, compassionate man and a fearless leader. He rose to the top of every arena he chose to enter, starting with the one he remained most passionate about, education. After serving in a low end administrative position with the Clark County School District for only 5 years, at the age of 32, Guinn was appointed as Superintendent of the Clark County School District; a post he held from 1969 – 1978. His dedication to the education of Nevada students remained a constant throughout his life and his career. He entered the banking business in 1978 and climbed to the top with two different institutions. In 1993 he became Chairman and CEO of Southwest Gas corporation.

In 1994 he was named interim President of UNLV. He insisted on being paid $1 for his year of service and that his $165,000 salary be credited to scholarship funds. During his one year as interim President he balanced the University's budget, despite inheriting a $10 million deficit.

Not your typical politician, when Guinn ran for Governor in 1998 he had never previously sought or held public office. He won by a landslide.

He was deeply concerned and troubled by our current economy, the number of foreclosures, the unemployment rate, and the well-being of Nevada's people. He still regularly met with elected officials and citizens to offer his counsel.

As Governor, he showed time and time again that he wasn't there to further his own political career, he was there to serve the people of Nevada. I heard former Governor Bob Miller say that Guinn once said, " I don't have a "D" on my hat, I don't have a "R" on my hat; I have a "P" on my hat. "P" for people.

Guinn loved people, he loved regular people. And they loved him. He loved getting out and talking to people. Since his passing there have been thousands of stories of everyday Nevadans whose lives he touched. They all speak of his kindness. Whether it was meeting in an airport, a grocery store, the board room or corner pub, wherever he went, he connected – with kindness and concern. He connected to the common man by being a common man. He connected to leaders, by being a leader. He connected to teachers, by being a teacher. And with all, he connected with compassion. He had a true heart of compassion for the plight of the common man. One account I read recently said that sometimes, after his body guards would drop him off at the Governors mansion in the evening, he would sneak down to the corner pub so he could hang out with the regular folk.

His most significant legacy is The Millennium Scholarship, which thus far has afforded over 60,000 Nevada students the ability to attend college. There is no denying that the ripple effect of 60,000 more college graduates in Nevada is hugely significant to the both human and financial well being of our States future. The scholarship has been renamed in his honor. When elected Guinn said, "Education is not on my agenda, education is my agenda".

There is not room here to list all of things Governor Guinn accomplished in his lifetime that contributed massively to the betterment of Nevada and it's citizens. He will be remembered as a man who was an exemplary leader, brilliant with budgetary issues and was genuinely kind, caring and compassionate. One of his greatest talents was being able to bring opposing sides to a consensus. Not everyone agreed with him, but everyone respected him.

The Michelle Sterling Las Vegas Real Estate Team extends our sincerest condolences to his wife and family. At a time when Nevada and our nation is in desperate need of real leaders willing to trade politics for progress, Kenny Guinn is going to be sorely missed.

Go Green & Fight Air Pollution in Las Vegas

Posted: 27 Jul 2010 11:31 PM PDT

Clark County's Department of Air Quality & Environmental Management has a fantastic program in place for those that care about the quality of our environment in Southern Nevada and are willing to do something about it. Now in its third year, the Lawn Mower exchange program gives Las Vegas real estate yard aficionados the opportunity to swap their gas powered lawn mowers for a clean-air electric mower that emits zero pollution. The program operates on a first come first serve basis so don't hesitate if you would like to jump on board this year. In case you're wondering how many Las Vegas home owners actually make this effort, we are happy to report that over 2,800 gas lawn mowers have been turned in since 2008. Can you believe it? This program is so eco-friendly that your old gas powered mower is even recycled for scrap metal when it's destroyed! Las Vegas, Nevada is focusing more and more on green technologies and practices in both the public and private sector, and we are a cleaner and healthier community for it !!

Las Vegas Sensation Michael Grimm & America's Got Talent

Posted: 26 Jul 2010 10:32 PM PDT

The Michelle Sterling Las Vegas real estate team is absolutely ecstatic that local performer Michael Grimm has become a semi-finalist on America's Got Talent. Michael and his band perform at a variety of venues around town on a regular basis including House of Blues in Mandalay Bay, Green Valley Ranch Resort, The Palms Hotel and Blue Martini at Town Square. Michael Grimm is originally from Mississippi and his moving interpretations of deeply soulful rhythm and blues classics are the best you will ever experience. Simply search for his name on You Tube to get a taste of his remarkable talents. Please support Michael in the semi-finals and vote him all the way to the top !!

A Little Housing Help from my Friends – At Countrywide Financial

Posted: 26 Jul 2010 12:23 AM PDT

A significant portion of the destruction wrought on the Las Vegas real estate market during the housing bubble was facilitated, or should we say enabled, by Countrywide Financial, since absorbed by Bank of America. Maybe you have read about the infamous "friends of Angelo" program they had running under the table in the heyday of the real estate boom. I know it's shocking to think that corporations and their regulators get cozy and sexy sometimes, but BP didn't invent the practice, that's for sure. In this case, a federal investigation has revealed that 27 key people at Fannie Mae received especially special treatment when it came to their own personal mortgage needs. Was Countrywide trying to win friends and influence people in government and quasi-government positions important to their fraudulent cash cow machine? Well of course!

Hello world!

Posted: 02 Jul 2010 02:27 AM PDT

Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!

A Compelling Comparison

Posted: 01 Jul 2010 01:51 PM PDT

Is it a great time to buy a Las Vegas home? If you had purchased a $200,000 property here in 1986 when interest rates were 9.5%, your P & I payment would have been $1681.00. Today your payment on that same home would be $1043.00. That's $638.00 LESS than in 1986 !! YES … it's a great time to buy Las Vegas real estate. This comparison is based on today's record breaking 30-year fixed rate of 4.75%, which is an absolutely stunning number. Speaking of stunning numbers, prices for many houses in Las Vegas have dropped back to ball-park 1990 levels, so the 1986 purchase comparison is more apt than you might imagine. The truth of the matter is, when you combine both pricing and interest rate factors, the cost of residential ownership in Southern Nevada is incredibly attractive to say the least. What is one of the best ways to tell this is true? Take a sample Las Vegas home that you would consider purchasing and then compare that hypothetical mortgage payment to the monthly cost to rent that same type of home in the same neighborhood. Be prepared to be surprised …

New Interest in Lake Las Vegas Real Estate

Posted: 30 Jun 2010 11:23 PM PDT

After two long and difficult years, the bankruptcy reorganization of the Lake Las Vegas development has actually been completed. A huge cloud of uncertainty has finally been lifted from the luxury golf resort and many are hopeful that better times lay ahead. It is encouraging news that the largest creditor in the proceedings (Credit Suisse) has agreed to swap past debt for a new equity stake in the community. One can only hope that this ownership connection to the future success of Lake Las Vegas will motivate not only Credit Suisse but other players as well to make their best effort in supporting the turn-around effort. It seems clear that everyone's best efforts will be exactly what is needed if Lake Las Vegas is to have any chance of restoring it's previous luster and prestige. I just cannot imagine what will be done with the former Ritz Carlton, or who would step-up in this economy to attempt to operate a facility that large and elaborate. More immediate (and potentially more realistic) will be the need to secure new funders and operators for the two golf courses that once made the community the luxury golf mecca it was originally designed to be. Another aspect of the development that took a tremendous beating over the past two years is Lake Las Vegas real estate. Prices have taken a harrowing plunge, even by the standards of the Las Vegas residential market overall. However, we have noticed an upsurge of interest in Lake Las Vegas homes just this week on our website, which clearly reflects the fact that the community still has a high profile in many minds and may be up for a new round of bargain hunting. The future is still very uncertain, but at least there is finally some good news to report about Lake Las Vegas, the first in a very long time.

<b>North Las Vegas Real Estate</b> Market News @ Las Vegas Real Estate <b>...</b>

Posted: 27 Aug 2010 05:16 AM PDT

North Las Vegas Real Estate Market News. Posted in August 27, 2010 ¬ 12:16 pmh.adminNo Comments ». One of the most common questions first-time buyers ask is "Should I buy a home now or wait." It is very common for home buyers first home ...

<b>Las Vegas Real Estate</b> @ <b>Las Vegas Real Estate</b> Properties and Realtors

Posted: 27 Aug 2010 04:07 AM PDT

las vegas real estate. Looking for Real Estate in Las Vegas, NV?? Real Estate Services. The best way to find a new home is to go not many websites online that cater to their needs, so Google: Real Estate Services in Las Vegas, ...

604-7739 Silverstone Ranch Real Estate – Golf Frontage – Las Vegas <b>...</b>

Posted: 27 Aug 2010 05:53 AM PDT

3 BR,2310 s/f,$161000 Las Vegas Real Estate. Tagged: discount, Las Vegas Golf, las vegas golf course, Las Vegas Golf Courses, las vegas golf package, Las Vegas Golf Packages, las vegas golf reservation, las vegas golf specials, ...

<b>Las Vegas Real Estate</b> is Cleaning Up « Welcome Home Nevada

Posted: 27 Aug 2010 05:13 AM PDT

Las Vegas Real Estate is Cleaning Up. Have you ever heard of a tamarisk? It sounds like it could be an exotic herb or rare delicacy, but it is neither. The tamarisk is in the evergreen tree family and is also known as the salt cedar. ...

North <b>Las Vegas Real Estate</b> Market News @ <b>Las Vegas Real Estate</b> <b>...</b>

Posted: 27 Aug 2010 05:16 AM PDT

North Las Vegas Real Estate Market News. Posted in August 27, 2010 ¬ 12:16 pmh.adminNo Comments ». One of the most common questions first-time buyers ask is "Should I buy a home now or wait." It is very common for home buyers first home ...

Las Vegas Real Estate is Cleaning Up « Welcome Home Nevada

Posted: 27 Aug 2010 05:13 AM PDT

Mandatory Spay & Neutering for Pets in Henderson Real Estate? Las Vegas Real Estate is Cleaning Up. Have you ever heard of a tamarisk? It sounds like it could be an exotic herb or rare delicacy, but it is neither. ...

Las Vegas Property Titles @ <b>Las Vegas Real Estate</b> Properties and <b>...</b>

Posted: 27 Aug 2010 01:04 AM PDT

Las Vegas Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply. Click here to cancel reply. You must be logged in to post a comment. ...

Real estate agents' notes from the trenches

Posted: 27 Aug 2010 01:00 AM PDT

Some submarkets run counter to national trend

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Mortgage rates plumb new depths

Posted: 27 Aug 2010 01:00 AM PDT

Economic fears have investors snapping up bonds, MBS

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North Las Vegas Single Family Homes for Sale Under $75000 <b>...</b>

Posted: 29 Jun 2010 09:57 PM PDT

See more city of North Las Vegas real estate. (all data current as of 8/23/2010). $75000 : 1812 Snowfire Av, North Las Vegas · Photo of 1812 Snowfire Av, North Las Vegas, NV 89032 (MLS # 962652. 4 beds, 2 full baths. Size: 1669 sq ft ...
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