Archive for November 9th, 2012

Las Vegas and its Animal Shelters

Friday, November 9th, 2012

Pets are a part of so many people’s lives. They are considered man’s best friends and his most faithful companions, and nowhere is this more true than in the city of Las Vegas.
Sadly though, although pet lovers are a plenty in Las Vegas, not all animals have the good luck of finding a loving home, but it’s nice to know that there are several organizations in the city that can help to provide one for those that need it.
Nevada SPCA (Society for the Prevention of Cruelty to Animals)

Actively promoting their cause, the SPCA has stayed true to its calling and does not promote mercy killing in its shelter. As such, they have increased their efforts to gain more contributions from businesses, individuals, and other animal lover groups. They also campaign for more volunteers to support their cause.

One of their more popular projects they run is the online adoption program, with regularly updated listings of dogs, cats and others looking for a new home. The postings feature photos and brief information on the lovable animals, and families are welcome to apply to adopt one if they feel they can provide a loving home.

Professional services and adoption fees offered are much lower than those offered in veterinary clinics and breeding centers. This organization truly loves the animals it cares for, and as such, careful selection of all prospective new pet owners is carried out.

Nevada SPCA services include adoption services, low cost spray, neutering, surrendering animals, dog training and humane education.

The Animal Foundation

The Animal Foundation is the biggest pet care and animal protection home in Las Vegas, and is devoted to the cause of providing better lives and promoting the welfare of animals. To further this cause, the Animal Foundation not only oversees their adoption services hands-on, but also encourages community members and residents to take care of their animals properly by offering them animal health care services at low prices.

They also have a clean and spacious area for stray animals, where they can stay while waiting for their owners to come and collect them. This service has helped reunite numerous pet owners with their ‘best friends’ in the past.

Some of their services include adopting services, lost and found, low cost spaying and neutering, low cost shot clinic, and humane euthanasia.

Ghost Inventory Haunts Las Vegas Home Market

Friday, November 9th, 2012

A panel of real estate experts believes that the property market in Las Vegas has gotten as low as they will get and home prices have now stabilized. What is holding a full market recovery, they say, is concern about the “ghost inventory” in the single-family home market segment. It is estimated that there are nearly 80,000 homes in this shadow inventory, mortgages that are delinquent for thirty days or more.

One analyst ventured to say that banks are mum on ghost inventory, realizing that their release into the market has to be managed in the name of short-term price stability. There are also appraisal issues that continue to hound the Las Vegas market, another analyst noted, saying that even with the increase in median home prices for eight months in a row, the market is still considered a declining market.

On a brighter note, there is an unprecedented demand for multifamily properties, according to one realtor. This demand is said to be caused by the depressed real estate values and low interest rates. Notably, investor preference lean toward distressed properties, notwithstanding the fact that there’s very little left in the listings of distressed homes for sale. Nonetheless, some buyers also go for those multifamily deals that are loan-unencumbered. To them, these deals appear much better than assuming a loan with a higher rate of interest, the realtor added.

Institutional investors, like hedge funds and pensions funds, are among the avid buyers of single family dwellings. As the market has fewer apartments, these funds are seeing an opportunity to purchase pools of residences for the purpose of renting them out. This tack appears as a sound business decision. For while the commercial real estate market is having difficulty finding tenants for industrial, retail, and office properties, there’s a 90 percent occupancy for rental apartments, as per one estimate.