Archive for January, 2005

Consumer Confidence: Good News for Las Vegas Real Estate

Wednesday, January 26th, 2005

The Consumer Confidence Index rose in January for the second straight month. Economists had been expecting a slight drop (due mostly to the trade deficit, oil and Iraq), but one must understand that economic forecasting is not dissimilar to weather forecasting in terms of predictive power. The important thing about this data is that it strongly suggests the economy will continue to grow at a steady pace through the first half of 2005. The initial December figure was revised upwards as well (yes, that means they got it wrong the first time). Be that as it may, this is good news for the economy, good news for the labor market and good news for the housing market. And all of this is good news for Las Vegas and the market for real estate in Las Vegas. How so? Believe me, when people feel good about their lives from an economic standpoint, they like to go places and do things that reflect those positive feelings. The number 1 place in America to express how you feel about your wallet or purse is Las Vegas. Don’t doubt it for a second. A strong and growing economy translates directly into tourist revenue for the Las Vegas Strip. This translates directly into more prosperity for employees of the Gaming industry. And that translates directly into the market for residential real estate in Las Vegas. A Las Vegas home is a sound investment in what appears to be (according to the CCI) a sound economy. MS Las Vegas Real Estate is your comprehensive source for professional guidance in the Las Vegas real estate market.

NASCAR in Las Vegas: Bigger than Ever!

Wednesday, January 26th, 2005

For those of you that don’t realize it, Las Vegas has one of the most awesome NASCAR facilities in the United States. The Las Vegas Motor Speedway is about to fire up for it’s annual Nextel Cup event, but tickets are almost gone! The UAW-DaimlerChrysler 400 is to be held this year on March 13th (couldn’t they have come up with a shorter name?). The race has sold out every year for seven years, there’s nothing new about that. It’s just that the race has never sold out this far in advance! Can you believe it? Only a few hundred single seat tickets remain out of 145,000. The track is owned by Speedway Motorsports Inc. Now there’s a valuable piece of Las Vegas real estate!

Nevada Small Business Development Center: Your Partner

Tuesday, January 25th, 2005

The Nevada Small Business Development Center is creating opportunity for individual small business owners in Las Vegas and all of southern Nevada at an ever increasing rate. The Small Business Development Center is conveniently located right in Las Vegas on the campus of the University of Nevada Las Vegas. The Development Center helped create 194 new small business jobs in Nevada in 2004, which is a 136% increase from the 2003 number. The Small Business Center also increased small business capital formation for 2004 by a stunning 167% (5.6 million dollars) compared to 2003. The stated mission of the Small Business Development Center is to help new and existing small firms with support, advice and information. The counselors at the Small Business Development Center not only hold business degrees, but have worked successfully in the business world as well. This is just another example of the “business friendly” atmosphere you will find in the Las Vegas valley (please refer to our blog story on the surge in manufacturing in southern Nevada). Our economic profile is among the very strongest in the country. Support systems are firmly in place to assist people in moving themselves and their businesses to Las Vegas. Resources are readily available for those moving to Las Vegas with the intention of starting a small business. The market for real estate in Las Vegas is a direct reflection of our economic success. Las Vegas understands that when individual people succeed, the entire community succeeds. The foundation for the Las Vegas real estate market (as a solid investment opportunity) is rooted in this community wide effort to foster growth and prosperity. The success of MS Las Vegas Real Estate is a perfect example of the wealth of opportunity in our great city. The choice of Las Vegas as a place to live and grow and prosper is fundamental to the choice to purchase and enjoy a beautiful Las Vegas home. Please contact us at www.mslasvegasrealestate.com if we can be of service.

Gates Foundation / $750 Million for Vaccinations

Tuesday, January 25th, 2005

In one of the largest philanthropic donations in history, The Gates Foundation is donating this enormous sum to assist in the battle for preventable childhood diseases in the developing world. The contribution goes to the International Vaccine Fund and will help fight diseases such as diphtheria, whooping cough, measles, polio and yellow fever in 72 different countries. In 1999, the Gates Foundation gave an identical $750 million that established the Fund itself. The World Health Organization credits the first donation in 1999 with saving the lives of over 670,000 children already. The Gates Foundation is the world’s largest charitable organization with an endowment of 27 billion dollars.

Tiger Comes Roaring Back!

Tuesday, January 25th, 2005

Like it or not, Tiger Woods is returning to the top echelon of golf. Any one who watched him play at Sherwood in December and Torrey Pines this past weekend would have to agree that he is back in form. It appears that those famous “swing adjustments” have been pretty much dialed in. He definitely seems ready to go hunting for majors in 2005. Tiger’s play was far from perfect at Torrey and his putter is still giving him trouble, but his will to win and grace under pressure remain fully in tact. This is not the first time we’ve seen Tiger win a tournament with less than his “A” game. I personally enjoy watching him the most when he has to grind his way to the trophy. It just reminds me that ultimately, winning is 98% mental. By the way, Tiger recorded his very first PGA Tour victory right here in Las Vegas! Why not buy a Las Vegas home right on that very course! Seriously though, golf community living in Las Vegas is some of the very best in the country. Contact MS Las Vegas Real Estate at 888-349-2595 if you’re curious.

The Residences at MGM Grand / Sales are Commencing for Tower Two

Monday, January 24th, 2005

The Residences at MGM Grand provide the amenities of a first class hotel combined with the privacy of condominium ownership. The entire development will consist of three 40 story towers. The Residences at MGM Grand feature Studio, One, and Two Bedroom Suites. You can expect plush furniture, luxurious carpeting, stone flooring, exotic baths, granite counter tops, flat screen TV s and high-speed Internet capability. Each Suite also comes complete with elegant linens, towels, dinnerware, and silverware all provided to give you the comforts of a home away from home. Tower #1 is already sold out even though construction is just getting under way (completion mid 2006). Tower #2 is your opportunity to secure one of these magnificent High Rise Las Vegas homes. Call MS Las Vegas Real Estate at 888-349-2595 inquire about this unique opportunity.

Las Vegas Real Estate: HUD Raises FHA Loan Limits

Monday, January 24th, 2005

The Department of Housing and Urban Development has recently raised 2005 FHA loan limits by 8%. HUD adjusts the loan limits every year to keep pace with housing prices nationwide. The 2005 loan limits are 42% higher than they were just five years ago! A strong indication if there ever was one, that an investment in a Las Vegas home makes good financial sense. The new limits have a number of economic benefits, and not just for Las Vegas home owners. This adjustment will help to create more construction jobs, more consumer spending and increased overall home ownership. Many first time buyers use the FHA program to enter the housing market because the loan requirements tend to be a little easier to satisfy. MS Las Vegas Real Estate would be happy to assist you in the purchase of a Las Vegas home and can help you to take advantage of all that HUD/FHA has to offer in the Las Vegas real estate market.

Las Vegas Real Estate: Fun Zone Rhodes Ranch

Sunday, January 23rd, 2005

Residents of the Rhodes Ranch master-planned golf community are about to get a little more wet and have a little more fun. No, they are not going diving for golf balls! The new Rhodes Ranch “Fun Zone” recreation center is slated to open this summer. Owning Las Vegas homes in Rhodes Ranch is about to become more enjoyable than ever. An amusement park caliber Water Park has been added to the plans even though every kid in Rhodes Ranch voted against it! (just kidding) Mr. and Mrs. Rhodes take their kids to amusement parks on family vacations and the they especially love the water parks. For this reason (can you think of a better one?) it was decided that Fun Zone at Rhodes Ranch should include a water park too! In addition to the water park, Fun Zone will have a beautiful fitness center and swimming pool. Fun Zone is designed to be an all-ages entertainment facility where residents from the community can meet and mingle. The Las Vegas real estate market just keeps providing more reasons to get excited. MS Las Vegas Real Estate is your personal guide to the Rhodes Ranch golf and water park community!

Las Vegas Homes: Mountain's Edge – Steady Growth

Sunday, January 23rd, 2005

Sales offices continue to open at Mountain’s Edge at a steady pace. New opportunities are being introduced each week for beautiful brand new Las Vegas homes. Located in the deep southwest of the Las Vegas valley, the Mountain’s Edge master-planned community is a bold and daring development that seeks to set the standard in Las Vegas real etate for aesthetic beauty and functional living. Mountain’s Edge real estate spans 3000 acres with 500 acres set aside for open space and lush landscaping. The community will be comprised of approximately 12,500 residences from more than 20 builders. Beazer Homes has just opened the sales office for Collina, the first of four neighborhoods the company will develop at Mountain’s Edge. U.S. Home has opened a sales office for it’s Tramanto development. Toll Brothers has opened a sales office for the Madera neighborhood as well. KB Homes is about a week away from opening a sales office for it’s Choco Canyon project. Pardee Homes just celebrated the opening of Montelano with attendance of nearly 800 prospective residents. The opportunity for a new Las Vegas home in Mountain’s Edge is quickly turning into reality for many happy buyers. MS Las Vegas Real Estate is your guide to the evolving opportunities in the Mountain’s Edge master-planned community.

Newport Lofts Las Vegas: Due to Break Ground in May

Saturday, January 22nd, 2005

The Las Vegas real estate market, more specifically the Downtown Casino Center neighborhood, is about to take another huge step towards revitalization and re-birth. The original core of this great city is roaring back to life with shopping, entertainment and beautiful Las Vegas homes. These aren’t just any homes, but luxury mid-rise and high rise condominiums reminiscent of both the east and west coast. Due to break ground in May 2005 is Newport Lofts condominiums. As the name suggests, Newport Lofts are designed to capture the architecture and luxury of life in Newport Beach, California. Located right down the street from SoHo Lofts (you guessed it, NYC style), Newport promises a loft living experience to rival the best found in any major city. Floor plans range from 900 to 3,070 square feet. The development is expected to be especially appealing to young professional people that work downtown, as well as part time residents interested in Newport Lofts as a second Las Vegas home. The building will be 23 stories with a rooftop pool and fitness center. Real estate in Las Vegas, it’s not just suburbia anymore! MS Las Vegas Real Estate would be happy to show you all the different ways that you can make Las Vegas home.