Dashboard

Dashboard

Login using...

New Search X

New Developments

Read about new developments that are opening or being planned for the Las Vegas housing market.

Found 27 blog entries about New Developments.

People don’t know what they don’t know, and what they do know is enough to create false perceptions

Key Takeaways

  •         Erroneous assumptions about the business can cause a ton of confusion for the public about how the real estate process works.

The real estate process makes everyone an armchair expert by default. The buyer, the seller, their friends, co-workers and neighbors all know how real estate works.

After all, the last time they bought or sold a home was 10 years ago, and in their view, not much has changed. Misbeliefs and bad information are a dangerous combination.

People don’t know what they don’t know, and what they do know is enough to create false perceptions of a profession that is often surrounded by damaging

213 Views, 0 Comments

For first-time home buyers, the challenge of coming up with a 20% mortgage down payment is often difficult enough to keep them out of the market. But the fact is, the 20% down payment is all but dead — and has been for quite some time, especially for first-time buyers.

Most buyers make down payments lower than 20%

“It’s been my experience that about half of my clients know that there are loans and/or programs that require less than 20% down,” says Kris Lindahl, a real estate agent in Blaine, Minnesota. “The other half still think that they must have at least 20% down in order to qualify for a home mortgage.”

But most people don’t put 20% down on a home, even though it’s the benchmark most often quoted by lenders and mortgage experts. More than

658 Views, 0 Comments

Home price data for April shows another record high, the fifth consecutive month of new peaks.


The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index which covers all 9 US census areas hit its highest reading (188.50), rising 5.5% from a year earlier, but easing from the 5.6% gain for March.

The 10-City Composite annual increase was 4.9% (to 197.19), down from 5.2% the previous month; and the 20-City Composite posted a 5.7% year-over-year gain (to 210.64), down from 5.9% in March.

Month-over-month (before seasonal adjustments), the National Index was up 0.9% in April; the 10-City was up 0.8% and the 20-City gained 0.9%. After seasonal adjustments, the National and 10-City readings were 0.2% and the 20-City was up 0.3%.


Home prices set record for 5th straight month

“As home prices

486 Views, 0 Comments

 

Following several weeks of decreases, mortgage rates were back on the rise this week.

"The 10-year Treasury yield increased more than 10 basis points this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate moved up as well to 4.19 percent, a 10 basis point jump. This week marks the first increase in the mortgage rate since December 29. The 2.8 percent decline in existing home sales in December is a reminder of the lack of homes for sale. According to the National Association of REALTORS®, supply is at its lowest level since 1999, a factor that should support higher house prices regardless of the oscillations of the mortgage rate."

Freddie Mac reports the following national averages with mortgage rates for the

318 Views, 0 Comments

 

Two master-planned communities in the Las Vegas Valley were among the top 10 nationally for home sales last year, a new report shows.

Builders sold 769 new homes in Summerlin in 2016, up 28 percent from 2015. Buyers also picked up 564 new homes in Inspirada, up 45 percent, according to real estate consulting firm RCLCO.

  Among U.S. master-planned communities — sprawling projects with housing, parks and other components — Summerlin was No. 5 for new-home sales and Inspirada was No. 7.

No other Las Vegas Valley community cracked RCLCO’s top-20 list, released Wednesday. The company said it would publish a list of the top 50-selling communities in the next few days.

 

Summerlin runs along the western rim of the Las Vegas

732 Views, 0 Comments

Now that you have seen the “Strip,” you may wonder if Las Vegas would be a great place to live.  As you start your research, know that the individual tax picture here is one of the lowest of anywhere in the U.S. You have probably seen articles about our great climate with more than 330 sunshine days a year. (That’s more than any place in the “Sunshine State.”) You may have read articles about Henderson, Nevada, being one of the safest cities in America to live. Have you wondered where Henderson is relative to Las Vegas? In real estate articles about the Las Vegas market you may have seen that Summerlin is the writer’s favorite area of Las Vegas for finding a home. Where is Summerlin relative to the famous “Strip,” where you found such exciting amenities

3,566 Views, 0 Comments

It's A Buyers Market In Las Vegas

 

Real estate is one of the most prosperous investment avenues where you can expect your money to grow. The real estate market is supposed to boom in Las Vegas as with each passing day the demand for homes is growing. It is important for you to know the right approach to a buyer’s market so that you can make the most out of it. Before you step into the world of real estate, you must know about some strategies that would help you make the most
profit.

Understand the market

The first thing that you should do is to understand the market. If you are observing any real estate buyers market and notice that all the homes in that market are expensive, then you should look elsewhere. It is a good idea to check out homes

3,960 Views, 0 Comments

Brand New Homes in Las Vegas for Veterans
Veterans, are you tired of finding the perfect home, only to make an offer and get beat out by a cash buyer? Don't give up hope! You can still move into the Las Vegas home of your dreams this summer courtesy of a new home builder that supports our troops.

For the rest of the month of June, Richmond American Homes of Las Vegas is running a special promotion for all VA Home Buyers in recognition of their service to our country. With only $1 in earnest deposit*, Vets can purchase a brand new home.

And the interest rates are great too! With Richmond's preferred lender, Home American Mortgage Corporation, the current rate is only 3.75% (4.05% APR) 30 year fixed rate VA financing***. (See details below.)

This is a tremendous promotion for our military

20,938 Views, 0 Comments

With summer coming, most of our inquiries for homes include one key ingredient: an inground swimming pool. While the four homes featured here may not be within your budget, they sure are fun to look at and dream on! Take a look at what just a few millions of dollars can buy you in a pool home. Enjoy!

Spanish Trail pool home in Las Vegas


First up, La Maison des Jardin located in the renowned Spanish Trail guard gated golf community! This 24,000+ square foot European beauty with 2000+ sf guest house and meandering "secret gardens" sprawls across 3 golf course lots totaling an acre of land. The style is formal classic architecture with contemporary touches and soaring ceilings. Price tag: $7.85M.

Las Vegas celebrity estate with swimming pool for sale


Next, how about a private compound on almost 10 acres? Once in a lifetime opportunity to

12,116 Views, 0 Comments

Selling a Home in Las VegasAfter 30 years of selling real estate in Las Vegas, I can state for a fact: Most buyers have ZERO imagination. When buyers tour a home for sale, most have a very difficult time visualizing anything other than the condition it is in currently. While a small percentage actually prefer a fixer-upper so they can get what they really want and not pay for someone else's taste, 95% really want a move in condition home and are willing to pay top dollar for it. In fact, many buyers in our area say they only want brand new homes, but if you show them one that is model perfect with everything already done, they will jump on it.

So if you are thinking of selling your home later this spring, NOW is the time to get it ready. Late spring is traditionally the time of

10,629 Views, 0 Comments