Investor Central

Welcome to the premier resource for Las Vegas investors looking to generate wealth through real estate. Whether you already own a property and need management help or you need assistance to get started, you have found the right place.

Tuesday, December 31, 2013

Home Prices Rise in October; Las Vegas Leads Nation with 27.1 Percent Annual Gain

According to The Standard & Poor's/Case-Shiller 20-city home price index, U.S. home prices rose in October from the previous year at the fastest pace since February 2006. Among the nation, Las Vegas led in annualized gains with its 27.1 percent increase. All 20 cities in the index showed a year-over-year gain, demonstrating a price advance in roughly half of U.S. homes. Although price gains slowed in most U.S. cities from September to October, prices are still strong for the year as a whole, reflecting the housing market recovery and how it has helped to drive economic growth over the past year.

Read more at the article:
http://www.reviewjournal.com/business/home-prices-rise-october-las-vegas-leads-nation-271-percent-annual-gain
Photo: CHUCK BURTON
Source: REVIEWJOURNAL.com

Thursday, December 26, 2013

Las Vegas Neighborhoods are Gaining More Elbow Room

The Las Vegas market is on its way to upgrading future homes to larger lot sizes. During the housing bubble, builders had to put several homes within one acre, creating small lots in order to fend off against rising land prices. Today, land prices are more reasonable in that they are giving builders and buyers a bit more breathing room. Although it's too early to predict how land-planning processes will effectively change, there are certainly many hazards associated with small-lot homes that the city hopes to resolve during the planning of future neighborhoods.

Read the article to learn about the hazards associated with small lots:
http://www.reviewjournal.com/business/las-vegas-neighborhoods-are-gaining-more-elbow-room

Photo: JEFF SCHIELD
Source: REVIEWJOURNAL.com

Friday, December 20, 2013

Job Growth Drives Mortgage Rate Jump

According to Freddie Mac, the beginning of December saw a jump in mortgage rates to 4.46% from 4.29% on 30-year fixed loans. Experts cite job creation as the primary reason for the spike. As stated by Frank Nothaft, Freddie Mac's chief economist, "Private companies added 215,000 new jobs in November according to the ADP employment report" and "revisions added 54,000 jobs in the prior month." Moreover, new home sales surged 25% in the month of October.

As the economy gains ground, interest rates will also follow the trend.

Check out the article:
http://money.cnn.com/2013/12/05/real_estate/mortgage-rate-rise/index.html


Source: MONEY.CNN.com

Thursday, December 19, 2013

New-home Sales Surge 25% in October

A report released by the U.S. government's Commerce Department in early December says that new-home sales are surging, as the seasonally adjusted annual rate for new single family home sales reached its highest level in six months. Total sales rose nearly 22% from the previous year, and experienced a 25.4% increase in annual sales rate. Even with this impressive jump, the rate still remains less than half that of the housing bubble peak when annual rates had topped 1 million in 2006.
Experts suggest that this year's stock mark gains may be a primary factor in driving the housing market, as well as buyer motivation that has resulted from easier financing.

Read more at the article:
http://money.cnn.com/2013/12/04/news/economy/home-sales/index.html

Source: MONEY.CNN.com

Monday, December 16, 2013

Ticor Title November 2013 Market Condition Report

According to Ticor Title's most recent market report, there were 2,592 Single Family, Condo and Townhome closed transactions for the month of November.  Resales made up 71.32% of the total transactions (1,850 resales), while short sales made up 21.6% (560 transactions) and REOs made up 7.0% (182 transactions).
  • 1,124 Cash Purchases (down by 265 from October)
  • 799 Conventional Financing (down by 155 from October)
  • 433 FHA Financing (down by 94 from October)
  • 186 VA Financing (up by 3 from October)
Source: TICORTITLE.com

Friday, December 13, 2013

Henderson Could Get 1,100 New Homes, Including a Senior Community

A proposed Henderson master-planned community is finally gaining some ground according to a new article published yesterday. The 2,200-acre Cadence project proposed by LandWell Co. is set between Boulder Highway and Lake Mead Parkway. Located in downtown Henderson, Cadence is close to retail centers and freeways, as well as several manufacturing plants.
LandWell is in the process of working out deals with potential homebuilders. If successful, the deals would bring 1,100 new homes to the valley. Homebuilder Lennar Corp. is partnering with Woodside Homes to develop 18 acres that will include an age-restricted senior community of almost 1,000 homes. A construction start date has yet to be confirmed, and these plans are still liable to change. LandWell also plans to build 119 single-family homes at Cadence, and the Henderson Planning Commission is scheduled to consider this proposal on January 16.

Read more at the article:
http://www.vegasinc.com/business/real-estate/2013/dec/12/henderson-could-get-1100-new-homes-including-senio/
Photo: ELI SEGALL
Source: VEGASINC. com

Tuesday, December 10, 2013

Las Vegas Deemed a Top Destination for Tourists in 2014

In its fourth year publishing an article for top travel destinations in the United States, Lonely Planet has placed Las Vegas as number eight on its list of "Top 10 U.S. travel destinations for 2014". This list includes tips for travelers on must-see attractions, and some further insight as to why these destinations were worthy enough to make this year's cut.

See what Lonely Planet finds special about the Las Vegas scene:
http://www.lonelyplanet.com/usa/travel-tips-and-articles/top-10-us-travel-destinations-for-2014

Photo: BRIAN JONES
Source: LONELYPLANET.com

Thursday, December 5, 2013

Was My Home a Good Investment?

CNN Money offers a convenient tool that allows you to quickly determine the annual and total return percentages on your home. The calculator compares these numbers with return data for average U.S. home prices, stocks, and bonds. Take a look if you'd like to make a quick calculation on your investment(s)!

Visit the calculator at the link below:
http://money.cnn.com/calculator/pf/home-rate-of-return/?iid=TL_Links

Source: MONEY.CNN.com

Tuesday, December 3, 2013

Highest and Lowest Property Taxes in America

According to a new residential property tax study from the Tax Policy Center, 60% of counties across the United States as a whole reported average property tax burdens between $500-$1,500 a year between the years 2007 and 2011. The most expensive county, Westchester in New York, holds property tax estimates of about $9,647 a year, while counties where homeowners pay the lowest annual property taxes (below $250 a year) are found mostly in Alabama and Louisiana.

Interested in knowing where Clark County fits in among the research? Click the link or image below to view CNN's interactive map for a closer look at Nevada's most populated county.

Link to the article:
http://money.cnn.com/2013/11/25/pf/taxes/property-taxes/index.html

Source: MONEY.CNN.com