MORTGAGE FORGIVENESS DEBT RELIEF ACT UPDATE

As we have reported before, Congress has yet to renew the Homeowners Relief Act which provided a tax break on mortgage forgiveness obtained through short sale, foreclosure, or principal reduction.  It now appears that Congress will extend the Act after the November elections, making it retroactive for all of 2014.  However, it is unclear if […]



Is It a Buyer’s Market in Las Vegas?

The Las Vegas Review Journal reports today in its Business section that home prices increased less in July than they have in the past 20 months.  Slow sales and increased inventory may be shifting our sideways market towards buyers.  .  Nationally, sales are down 5.3 percent from last year.  Among the reasons for slower sales […]



Giving Homeless Homes Saves Money$

People who are chronically homeless tend to have mental health or substance abuse issues which prevent them from being in stable living conditions.  The general consensus has been that a person must be dealing with the causes which led to their homelessness before providing permanent housing.  Taking medication and being in treatment for substance abuse […]



Grants For Homebuyers

A new grant program to assist homebuyers has been announced by the Nevada Housing Division.  The Home Is Possible initiative offers qualified buyers a grant of up to 4 percent of the loan to be put towards a down payment or closing costs.  Loans approved for this grant are FHA, VA and rural development loans.  […]



Downtown Container Park

I recently made my first visit to the Downtown Las Vegas Container Park.  It was a very enjoyable experience.  For those that have not yet ventured down to see it, I would definitely recommend a visit.  The Container Park is located on 7th and Fremont just a few blocks east of the Fremont Street Experience. […]