Archive for March 8th, 2005

Las Vegas Nevada Real Estate: Now is the Time!

Tuesday, March 8th, 2005

There’s really no way to deny it, the weather in Las Vegas has been kinda cruddy for the last 6 weeks. It really has resembled Seattle more than Vegas…..with copious amounts of rain and plenty of overcast skies. We’re happy to announce that we have come out of the funk! Las Vegas is bright and sunny with temperatures in the low 70’s and a chance of 80 degrees by Friday! If you’ve been thinking about a quick trip to check out Las Vegas real estate, now’s the time! Springtime weather is just fabulous for us. Because of the rain, golf course real estate and landscaping of every type looks especially lush and colorful. Las Vegas homes are basking in the sun and the spring flowers are just beginning to bloom. Real estate in Las Vegas is especially beautiful this time of year. Don’t wait too long….we’ll hit 100 degrees soon enough!

Las Vegas Real Estate: The Interest Rate Picture

Tuesday, March 8th, 2005

The Federal Reserve has been raising short-term rates at a steady clip for almost a year now. As a result, it has become more expensive to take out adjustable-rate mortgages and home equity lines of credit. Normally, long-term interest rates go up when short-term interest rates go up. Not this time, and for reasons even Alan Greenspan can’t explain fully. The rates on 10-year Treasurys (the benchmark for long-term, fixed-rate mortgages) have been drifting slightly down or moving sideways for the better part of a year. Because of this, ARMs are getting costlier while fixed-rate mortgages have been getting less expensive. Currently, rates on one-year ARMs average 4.36%, just .99 percentage points below the 5.35% rate on 30-year fixed-rate mortgages. If you’re in the market for real estate in Las Vegas, these are important financial issues to consider carefully with your lender. The cost of money is very inexpensive by historical standards and the value added to Las Vegas homes because of this has been significant.

Las Vegas Homes: HUD Kicks Off Nine City Training Tour in Las Vegas

Tuesday, March 8th, 2005

The U. S. Department of Housing and Urban Development will kick off a nine city comprehensive training program for public housing agencies (PHAs) and assisted-housing practitioners in Las Vegas on March 29. Participants will get the latest information regarding HUD information systems and will receive training to help them navigate a wide range of program areas under HUD’s Office of Public and Indian Housing (PIH). HUD is the federal guardian that seeks to create affordable housing opportunities for Las Vegas homes and communities across the United States. Each three-day conference is free in the following locations: Las Vegas (March 29 – April 1), Dallas (April 19-22), Cleveland (May 10-13), Denver (June 7 – 10), Boston (June 28 – July 1), Seattle (July 12 – 15) Atlanta (July 26 – 29), Milwaukee (August 9 – 12), and Washington, DC (August 30 – September 2). The Department of HUD also promotes economic and community development as well as enforces the nation’s fair housing laws. Opportunities in the market for real estate in Las Vegas and every city in America are greatly enhanced because of the efforts of HUD.