Brand New Las Vegas Homes: Great Prices and Great Interest Rates

The Michelle Sterling Las Vegas Real Estate Team has a motto for the new year……

Those who wait in 2008 will stand in line in 2009…..

What do we mean? The economic foundation of Las Vegas, Nevada is stronger than ever. The Las Vegas Strip (the engine of our growth) is slated to expand over the next five years to the tune of $40 billion in new hotel resorts. In case you were wondering, that’s 110,000 new jobs by 2012. You can read all about it on my supplemental Las Vegas real estate blog at Realtor.com. 2008 is the year of opportunity for Buyers of Las Vegas real estate. Check out these deals! Get ‘em while they last……

Brand New Single Family Homes Starting at $153,990 !!

$153,990 – 1,136 sq ft – 2/2 – North
$169,965 – 1,271 sq ft – 2/1 – East
$174,990 – 1,553 sq ft – 3/2 – Northwest
$179,990 – 1,203 sq ft – 2/2 – Northwest
$184,990 – 1,612 sq ft – 3/2 – North
$189,990 – 1,209 sq ft – 2/1 – East
$189,990 – 1,115 sq ft – 2/2 – East
$192,950 – 1,462 sq ft – 3/2 – North
$193,990 – 1,658 sq ft – 3/2 – Northwest

The rate of interest charged on a 30-year fixed-rate mortgage averaged 5.69% for the week ending Jan. 17, down from last week’s 5.87% average. The mortgage averaged 6.23% a year ago.

The 15-year fixed-rate mortgage, a popular refinance option, averaged 5.21%, down from last week’s 5.43%. The 15-year’s average rate stood at 5.98% a year ago.

In Bankrate.com’s most recent mortgage survey, the 30-year fixed-rate mortgage averaged 5.75%, down from 6.31% in the December 26th survey. In fact, the 30 year rate has experienced the sharpest three-week decline in 20 years.

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