Tuesday, July 24, 2007

Las Vegas Real Estate News

Las Vegas Real Estate News

Cushman & Wakefield Completes Acquisition Of Sonnenblick Goldman

Posted: 24 Jul 2007 01:09 AM CDT

Cushman & Wakefield, the world's largest privately held commercial real estate services firm, today announced the completion of its acquisition of real estate investment banking specialist Sonnenblick Goldman. ...

Office Project Focuses on Real Estate Services

Posted: 24 Jul 2007 04:00 AM CDT

HENDERSON, NV-The plan is to fill a new 40,000-sf building in the Downtown redevelopment district here exclusively with real estate-related tenants.

States Aim to Stem Tide Of Home Foreclosures

Posted: 23 Jul 2007 11:00 PM CDT

Funds are being set up to help homeowners with subprime mortgages refinance to more-affordable loans. Officials hope the move will protect low to moderate-income neighborhoods from decline.

Homeowner Faces Frustration When Teardown Project Slows

Posted: 23 Jul 2007 11:00 PM CDT

Columnist Nancy Keates is six months into her plans to knock down her home and build anew, yet she's seen little progress. She hopes to prod her architect into action, but worries she's being too much of a nag.

Southern California Home Sales Hit Slowest Pace in 14 Years

Posted: 23 Jul 2007 11:00 PM CDT

In June, 20,166 new and existing homes in the state were sold, down 36% from a year ago.

Securing a Mortgage For a Home Overseas

Posted: 22 Jul 2007 11:00 PM CDT

Thinking about buying a house outside the U.S.? June Fletcher offers tips on financing your purchase.

Desperate Sprinklers: Homeowners Fight to Keep Their Lawns Green

Posted: 22 Jul 2007 11:00 PM CDT

Drought conditions and water shortages have led to tighter restrictions on outdoor water use in some parts of the U.S. But grass-loving Americans refuse to forgo their lawns, installing pricey irrigation systems and digging their own wells.

Mortgage Delinquencies Climbed in Second Quarter

Posted: 22 Jul 2007 11:00 PM CDT

Delinquency rates have increased as the housing market has slowed, most notably in Florida and California. View maps showing where delinquencies have increased the most across the U.S.

Hedge Fund Billionaire Picks-Up $70 Million Swath of Oceanfront

Posted: 22 Jul 2007 11:00 PM CDT

Bruce Kovner buys $70 million worth of oceanfront in Santa Barbara County; Vidal Sassoon looks to shed his Bel Air Home for nearly $20 million; and more.

Vendors cope with real estate downturn

Posted: 24 Jul 2007 07:00 AM CDT

Part 2: Midyear housing update

New Mexico pushing 6.3% cut in title insurance rates

Posted: 24 Jul 2007 07:00 AM CDT

Industry can appeal decision to take effect in September

The benefits of renting

Posted: 23 Jul 2007 10:15 PM CDT

We ran across an article recently that provided some arguments for renting instead of owning a home. In a market flooded with properties for sale, perhaps there's some wisdom to this type of approach. The article, from ManagingMoney.com, highlights the pros and cons to renting versus owning. If you're like most people who purchase a home with the intent to sell it after five or seven years, your monthly mortgage payments, about 80% of them according to the article, will go towards paying interest. Not exactly an equity building proposition. And any equity you do build may be eaten up by repairs, taxes and the cost of selling the home. If you find yourself in an uncertain employment situation, renting has even more positives, since it's often a short-term situation and wouldn't require selling a home in a market with 25,000 other homes for sale. Some homeowners find themselves in homes that are just too expensive for their income with an adjustable mortgage that keeps going up, and thus the record number of foreclosures in Southern Nevada. And while housing prices soared, the article points out that rents have merely chugged along. Between 2004 and 2006 home prices nationwide rose 16%, while rents inched up just 1.2%. So, if you can satisfy your needs by renting a house at $1,000 a month instead of paying a $2,500 a month house payment, then that's $1,500 a month you can invest elsewhere. Add the $10,000 or $20,000 you would have put up for a down payment and that investment turns into a healthy nest egg. After a few years if you decide it's time to buy a house then you have enough saved for a healthy down payment. The rule of thumb for home ownership is that the average homeowner should set aside 5% of the home's purchase price to cover maintenance and repairs, plus utilities. A monthly house payment, including taxes and insurance, should be no more than 33% of your monthly income, and your bills should not exceed 38% of your total pay to play it safe. Some lenders have fudged the rules and we've all seen the repercussions in the mortgage industry. The ManagingMoney.com article concludes: So just remember, even if you dream of home ownership you need to make sure the time is right for you. For some people waiting even a few years can mean the ability to buy with more stability in their lives, a larger down payment, and lower prices in a buyer's market.
Thanks to ManagingMoney.com for the insight and information. ManagingMoney.com was created to offer a single Web site where individuals can find and manage all of the important aspects of their financial lives. A large range of products are available from more than 100 providers including electronic bill payment, credit cards, insurance, loans, legal solutions, and more. The ManagingMoney.com mission is to help people aggregate, integrate and simplify their financial lives.

Web 2.0 News by DJ Amex - Zengine Ethanol

Posted: 21 Jul 2007 10:51 PM CDT

Web 3.0 News by DJ Amex - Zengine Ethanol

Posted: 21 Jul 2007 10:50 PM CDT

Gold Spike Downtown <b>Las Vegas</b> Hotel Bought For $15.6 Million By Covin

Posted: 23 Jul 2007 03:21 PM CDT

There are many skeptics who [...] Tags: Las Vegas Real Estate, Las Vegas News, Investment Las Vegas Real Estate, Las Vegas Casinos, gold spike, downtown las vegas, gregg covin, downtown las vegas hotel (Comments)

Foreclosure data provider addresses criticism over numbers

Posted: 23 Jul 2007 07:00 AM CDT

RealtyTrac to provide quarterly counts of 'unique households' in foreclosure

SecondSpace enters second-home market

Posted: 23 Jul 2007 07:00 AM CDT

Venture-backed startup launches two Web sites targeting second-home owners

Apartment prices climb 8% in New York

Posted: 23 Jul 2007 07:00 AM CDT

City continues to buck national trends

Kingwood And Altessa Homes In Vistas Village At Summerlin Final Sales

Posted: 23 Jul 2007 10:16 AM CDT

Tags: Las Vegas Real Estate, Las Vegas Homes, Summerlin Real Estate, Summerlin Nevada Real Estate News, altessa, altessa condos, kingwood knoll, kingwood knoll homes, condos in summerlin, summerlin, summerlin las vegas, summerlin real ...

British Open Steals the Weekend

Posted: 23 Jul 2007 08:15 AM CDT

1, 2007, in which the consensus Las Vegas line moved 2 points or more. The team on which bettors wagered heavily enough to move the line that far won 7 of those 11 games. On Jan. 15, the Philadelphia 76ers were originally favored to ...
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