Saturday, May 12, 2012

Las Vegas Real Estate News

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Harmony Homes builds its largest single-story home at Canyon Falls

Posted: 12 May 2012 02:03 AM PDT

Harmony Homes has just completed construction on a single-story home with 4,900 square feet of living space at its Canyon Falls neighborhood in southwest Las Vegas, giving potential buyers the chance to walk through its largest single-story home.

HOA presidents often need managers' assistance

Posted: 12 May 2012 02:03 AM PDT

Q: First, I would like to thank you for your continued advice to homeowners. I read as much as possible about every question raised by homeowners. I do, however, have some questions of my own.

Mortgage lending still tight in Nevada

Posted: 12 May 2012 02:03 AM PDT

Q: I went through a short sale last October and was told that I have two years to wait until I may buy another home. I haven't checked my credit in a while. However, I know that it is still high enough to purchase a home now. The question in my mind is if so many people in Las Vegas are in the same situation and are renting, why do we have to wait so long to buy a home?

Resale Homes Report

Posted: 12 May 2012 02:03 AM PDT

Editor's note: Listings include the resale home's parcel number. Occasionally, the address listed is the homebuyer's mailing address and not the actual location of the home. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes.

Summerlin Kids' Mix, Frozen Yogurt Festival set for May 19

Posted: 12 May 2012 02:03 AM PDT

Valley residents are invited to Summerlin Kids' Mix and Frozen Yogurt Festival from 9 a.m.-4 p.m. May 19 at Summerlin Centre Community Park, 1800 S. Town Center Drive.

Country concert to be held at Mountain's Edge

Posted: 12 May 2012 02:03 AM PDT

The 80-acre Exploration Park sets the stage for today's free outdoor country-themed concert and event. The sixth annual Country in the Park is scheduled 2-7:30 p.m. at the Mountain's Edge master-planned community in southwest Las Vegas.

Shea Homes at Ardiente caters to baby boomers

Posted: 12 May 2012 02:03 AM PDT

During the past 60 days, Shea Homes Active Lifestyle Communities has experienced its highest home sales rate since 2008, according to company officials.

Pardee program helps family

Posted: 12 May 2012 02:03 AM PDT

Thanks to Smart Move Advantage, Sita and Kamran Haq were able to purchase a new, larger home that is perfect for their family in Montclaire, a Pardee Homes Henderson neighborhood they have visited for four years in hope of one day living there.

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Posted: 11 May 2012 04:20 PM PDT

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Posted: 10 May 2012 03:11 PM PDT

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Posted: 11 May 2012 08:08 PM PDT

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Posted: 11 May 2012 06:00 AM PDT

Home · Las Vegas Real Estate · Las Vegas Real Estate Articles · Las Vegas Real Estate Media · Las Vegas Real Estate Videos · Las Vegas Real Estate Press · Las Vegas Real Estate News · Las Vegas Real Estate Q&A ...

Las Vegas Homes for Sale | <b>Las Vegas Real Estate</b>

Posted: 11 May 2012 07:06 PM PDT

Las Vegas land for Sale in the 89131 Las Vegas zip code. Search here for land suitable for residential and commercial developments, townhomes, condos and multi-family in 89131. Including foreclosure bargains.

LAS VEGAS FORECLOSURE HOMES FOR SALE LIST UPDATE 5/12/12

Posted: 11 May 2012 09:09 PM PDT

LAND TRUST. BEST WAY INVESTOR TO ESCAPE LIABILTY, KEEP NAME OFF PUBLIC RECORDS

Posted: 11 May 2012 09:01 PM PDT

Ultimately the property itself can be reached in a lawsuit (even with an out-of-state trustee), but your plan should be to stay as far away from the eye of the storm as possible so they do not reach any of your other assets. A judgment lien levied against your individual 10 unit building is one problem.
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Sarpy Co. sheriff investigates possible misuse of Gretna funds

Posted: 01 May 2012 08:21 PM PDT

Sarpy County Sheriff Jeff Davis confirms his office is looking into the possible misuse of funds by the city of Gretna.

Understanding How Your Credit Score is Determined #2: New Credit

Posted: 11 May 2012 04:23 PM PDT

While the type of credit you have opened in the past will have an impact on your credit score, the amount of new credit you have will also have an effect. Like the types of credit category discussed in the first part of this series, your new credit will also account for 10 percent of your credit score. Unfortunately, this is where you can negatively impact your credit score if you are not careful about your current financial activity.

Exploring Your New Credit History

When calculating the new credit category of your credit score, several things are taken into account. Primarily, the core is determined by examining the number of financial accounts you have recently opened.

Not only does this involve looking at the number of accounts that were opened, but it also involves examining the proportion of new accounts to those that you already had opened as well as the type of accounts you have recently opened and how much time has passed since your most recent accounts were opened.

In addition to examining the number and type of new accounts that have been recently opened, the new credit category also considers the number of recent inquires into your credit history and the amount of time that has passed since your most recent credit inquiries. This portion of your credit score is also impacted by whether or not you have re-established a positive credit history after having experienced payment problems in the past.


Keeping Your New Credit Inquiries Under Control

In order to keep this portion of your credit score favorable, you should take steps to avoid opening any new accounts prior to taking out a mortgage loan. This way, you will not have to worry about experiencing any negative consequences related to having too many credit inquiries or new accounts.

Keep in mind that a credit inquiry will be noted on your credit report every time you apply for a loan or a credit card. Therefore, if you are doing a lot of shopping around for the best rates on a credit card or loan, this may have a temporary negative effect on your credit score.

If you have no choice but to shop around for a loan or credit card shortly before getting a mortgage loan, be prepared to write a short narrative explaining why you have had so many recent inquiries into your account. This information will allow the lender to better determine your overall credit risk.

Statistics for April 2012 from The Greater Las Vegas Association of REALTORS.

Posted: 11 May 2012 02:04 PM PDT

April 2012 Stats
Single Family Residences

New Listings: 3490
Median Price : $139,999
Average: $213058

Solds: 3185
Median Price: $127,900
Average: $159,466

Total Listings Available: 17,884
Availables without offers: 4162
Median Price: $132,945
Median Price of availables without offers: $199,000
Average Price: $220,581
Average Price of availables without offers: $439,733

Prices in all categories are creeping up this month, reflecting the lack of available inventory.  There are 4162 units available without offers  During the month,3,490 units were added to inventory, but 3185 were units sold.  The median price for new listings in the March stats was $135,000, but for the April time period it was $139,999, an increase of 3.7%.  Of the
sold properties, median price in March was$123,000, while in April it was $127,900, for an increase of almost 4%.  This increase was caused by the roadblock in processing foreclosures and listing them for sale, and a robust investor pool which is full of cash buyers.

Once more for this month,  there are a large number of Availables in escrow (17,884-4162=13,722), reflecting the extended time necessary to close short sales. While the typical residential single-family home might be in escrow 30 to 45 days, short sales usually start at 3 months and go up.  And many times, because buyers get tired of waiting and cancel the sale, short sales may be in escrow two or three times before they close. 

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Posted: 11 May 2012 10:45 AM PDT

On the heels of his annual shareholder letter – in which Buffett admitted to being "dead wrong" about the timing of a housing recovery – the billionairetold CNBC that distressed single-family homes were one of the best ...

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Posted: 11 May 2012 08:42 AM PDT

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