The Clark County Department of Aviation reported Thursday that 3.7 million passengers used McCarran in March, putting first-quarter totals at 9.9 million — 3 percent ahead of the first quarter of 2011. International arrivals once again led the way with 16.1% more passengers arriving from beyond U.S. borders for the month. For the quarter, international ... [Continue Reading]
New home prices in the Las Vegas Valley rose 3.3% in March to $201,668 and are up 1.6% from one year ago. Resale home prices rose in March to $103,000 which is an increase of $2,200 from February but is a decrease of 4.3% from a year ago. Prices for non-distressed homes, properties that aren’t ... [Continue Reading]
Farmers markets have gained in popularity around the country. Here in Las Vegas, with our collection of great chefs and restaurants, farmers markets have sprung up all over town. Here’s a list for you to check out. Las Vegas Farmers Market@Gardens Park: 10401 Gardens Park Dr. Every Tuesday from 4pm-8pm. Las Vegas Farmers Market@Bruce Trent ... [Continue Reading]
The number of homes that received first time foreclosures notices rose 7% nationally in March, setting the stage for a surge in the properties being repossessed by lenders this year. This represents the third straight month increase this year and reflects a stepped-up effort by banks to take action against homeowners who fail to keep ... [Continue Reading]
The Nevada Department of Motor Vehicles has installed kiosks up all over the Las Vegas Valley. You will notice them at grocery stores and most recently the UNLV campus. At the kiosks, motorists can renew their registration, order a new driver’s license or identification card or reinstate their registration if their insurance has expired. The ... [Continue Reading]
Home ownership in the Las Vegas Valley is now at 48% which is down from a high of 64% in 2000. This is according the US census. Most experts predict that this number will continue to fall even though home prices and mortgage rates make it far less expensive to own than to rent. About ... [Continue Reading]
Bank of America announced this week a new program for homeowners in distress. Initially, 1000 homeowners in three states, Nevada, Arizona and New York, will be invited to participate in a mortgage to lease pilot program. Should one qualify, you would transfer your property to the bank, have the balance of the mortgage forgiven and ... [Continue Reading]
By Andy Karpf Las Vegas Valley home buyers are noticing that if they are looking for a foreclosure bargain, there are not very many to choose from. At the current time there is only a one month supply available on the market. Homes priced in the range of $80,000 – $125,000 are being snapped up ... [Continue Reading]
NASA has posted a video showing Las Vegas growth from 1972 to 2010 via satellite imagery. Here’s the link: www.youtube.com/watch?v=xFzdyxwx50M The first frame is from 1972, when the population was 300,000. 40 seconds later the last frame, from 2010, the population is almost 2 million.
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In previous posts, we’ve discussed the tax benefits derived from the Mortgage Forgiveness Debt Relief Act, first enacted in 2007 and extended in 2009. This act waived the taxes incurred by a foreclosure or short sale. The difference between what a house sells for and what is owed on the mortgage is considered forgiven debt ... [Continue Reading]
