The Pending Home Sales Index, a new indicator for the housing market, shows home sales are rising, according to the National Association of Realtors. The Pending Home Sales Index, based on data collected for February, stands at 123.2, which was 2.2 percent above January and 10.4 percent above February 2004. The index is based on pending sales of existing homes, including single-family and condo. A home sale is pending when the contract has been signed but the transaction has not closed. David Lereah, NAR?s chief economist, said sales are looking strong for March and April. ?Although home sales eased in February, housing activity appears to be firming with a modest uptrend in the months ahead,? he said. MS Las Vegas Real Estate has a finger on the pulse of the Las Vegas real estate market every day. Put our knowledge and experience to work for you.

Court TV is about to start production on a new reality TV series called “Las Vegas Law” featuring a colorful local defense attorney named James “Bucky” Buchanan. Buchanan said he hopes to gain more than just celebrity from his upcoming show, which could hit the airwaves by this fall. What he really wants to do is help educate people about the serious events that unfold every day in the Clark County criminal justice system. MS Las Vegas Real Estate will try out an episode or two and let you know.

Priced from $400,000 to more than $4 million, Sky Las Vegas high-rise condos are magnificent Las Vegas luxury homes featuring upgrades such as side-by-side subzero refrigeration, stainless steel appliances, granite countertops, marble or hardwood flooring and jacuzzi tubs in the bathrooms. Common amenities include an acre of pool and garden area, a social room, spa and fitness center, business center, private screening room, billiards room with bar, valet parking, concierge services and 24-hour security. This newest addition to high-rise Las Vegas real estate is due to break ground in May and is slated for completion in late 2006.