Archive for January 31st, 2005

Tax Reform and the Housing Sector

Monday, January 31st, 2005

Though the debate on U.S. tax reform is only beginning in Washington, the housing industry can breathe a sigh of relief. This month, President Bush appointed two former senators to head an advisory panel to propose ways to simplify the U.S. tax code. The president’s executive order, however, instructed the panel to recognize the “importance of homeownership” to America (a barely veiled reference to the tax deductibility of mortgage interest on home loans). The National Association of Realtors (among others) feels confident that the president’s instructions amount to a do-not-touch order. Another obvious constituency is homeowners themselves, a huge voter block that politicians would be wary of offending. Questions concerning the ownership of Las Vegas homes may be referred to MS Las Vegas Real Estate at 888-349-2595.

Economic Growth in 2004: The Best in 5 Years!

Monday, January 31st, 2005

The U.S. economy expanded at the fastest rate in five years in 2004. Growth was spurred by strong consumer spending as well as solid corporate investment. 2004 GDP was pegged by the Commerce Department at 4.4%, up from 3% in 2003. Capital spending by U.S. businesses shot up by 10.3%, close to levels attained in the booming late 1990’s. Inflation news in 2004 was encouraging as well. The index for personal consumption rose a relatively benign 2.2% after rising 1.9% in 2003. The economy in Las Vegas is the best it’s ever been. The nation as a whole is moving forward strongly. Las Vegas homes are an excellent investment all the way around. MS Las Vegas Real Estate is at your service.

39th Annual Las Vegas Marathon

Monday, January 31st, 2005

The Las Vegas Marathon was run yesterday on a sunny but windy day that challenged the runners, especially during the second half of the race. Gilbert Koech of Kenya won the 26.2 mile event with a time of 2 hours, 13 minutes and 44 seconds. First place prize money was $25,000. Olga Kovpotina of Ukraine won the women’s event with a record setting time of 2 hours, 31 minutes and 53 seconds. More than 8,000 runners from all 50 states and 30 countries competed for $100,000 in total prize money. The objective of the Las Vegas Marathon organizers is to turn the event into one of the top running competitions in the country. Beginning next year, the course will include the Las Vegas Strip itself as well as the Fremont Street Experience downtown. Prize money will be increased as well. At MS Las Vegas Real Estate, we are constantly educating people from all over the country about the real Las Vegas, and what it means to be a resident of this amazing city. Owning Las Vegas homes entitles you to a well-rounded living experience that extends well beyond exciting night life. Give us a call at 888-349-2595 for more information.