Renting & Ownership News & Articles

Las Vegas Real Estate

 

In the Las Vegas market, the average apartment rent last month (Sept 2005) stood at $813, a 6.1% increase from last year. Through June 2005, the average home price in the Las Vegas market had increased by 27%, according to federal mortgage regulators. The only other major Western markets where apartment rents have increased by more than 4% were both in Southern California. 10/20/2005

Apartment Rents Skyrocket Rental rates have increased 5% from $750 in the first quarter of 2004, the largest jump in nearly a decade. Per sq ft, costs have increased from $0.83 to $0.88. Now, that's not as much as say, the commercial prices around the Curve (Durango and 215), but's significant. I've had several renters tell me lately that there are just no openings at apartments in the areas they want, need, or could find. 6/3/2005

Conversions of Apartments to Condominiums Will Lead to Rent Hikes in the Valley According to Ms Shubinski's article, vacancies have been falling and rents have been increasing. An average rent of $768 per month at the end of 2003 has risen to $805 at the end of 2004. 3/13/2005

Tax Errors Common Among Novices of Homeownership Good Records, Grasp of Rules May Reduce Mistakes on Return. The following article, which appeared in the Las Vegas Review Journal, explains some of the common tax errors that first time home buyers often make with regard to their real estate. 2/5/2005

National Association of Realtors Survey Confirms that First Time Homebuyers Fueling Housing Market First time homebuyers account for 4 of 10 home purchases. The typical first time buyer is 32 years old and has a household income of $54,500. The level of for sale by owners (FSBOs) hasn't changed since 2003, with 14% of sellers conducting transactions without the assistance of a real estate professional. The most important factor in choosing an agent was reputation, and married couples dominate- accounting for 62% of transactions through the first half of 2004. 12/2004 Southern Nevada Realtor

Developers See Condo Growth Officials see market adding up to 15,000 units in few years 10/29/2004

Property Tax Increases Will Hit Renters Hard Taxes will force me to raise rents by hundreds of dollars. I simply cannot absorb these costs. Surely, other investors are in the same boat. 11/24/2004

Living Trust VS Simple Will: Pay a Little Now or a Lot Later Probate can cost heirs time and money. There is a common misconception about the need to have a living trust. Probate costs can range from 4 to 10 percent of the value of the trust. Administration of a trust is usually less expensive than probate. 11/2/2004

Pre Loan Contracts in Marriage When two people purchase a home, they are entering a partnership. Lenders don't really care if you're married, related, or just friends with the person with whom you're buying the house. They are concerned only with the actual value of the home being bought. With that in mind, what happens when one partner wants out of the deal? 11/6/2004

Purchase Delay May Be Costly The nation's 38 million renters should purchase a home now if they plan to purchase a home at all. Many potential buyers don't realize that buying a home is easier than ever before. 11/6/2004

Mortgage Insurance Deduction Falls Short The final versioin of the $136 billion American Jobs Creation Act of 2004 omitted a Senate-passed tax code change that would have allowed millions of home buyers to deduct their mortgage insurance premiums. 11/6/2004

North Las Vegas Inspection Plan Bugs Some North Las Vegas officials on Wednesday introduced the rental inspection program that would charge landlords $50 per unit and require inspections of rental properties that are more than 10 years old throughout the city. The City Council is expected to vote on the matter Nov. 17. But renters say proposal needed to improve upkeep 11/5/2004

Your Rental: City Manager Wants All Rental Properties Inspected According to an October 2004 article in the Las Vegas Review Journal, North Las Vegas officials plan to introduce a rental inspection program that would charge landlords $50 per unit and require inspections of every rental property in the city. 10/10/2004

Housing Investment Can Yield Financial Returns in Many Ways There are dozens of ways to make your housing investment pay off faster and at a greater return. 10/10/2004

Experts- Renters Should Pursue Ownership Deciding whether to rent or own can be a tough decision.  Knowing the facts and processes involved in both can help you make the choice that's best for you.  As a Realtor, perhaps I have "slanted" views, but owning a home, even if it means a little sacrifice for a year, can provide the foundation for stability and financial success in your future. 9/20/2004

Shared Ownership of Property Needs Careful Arrangements  9/12/2004

Home Buyers Scrap Together Funds for Purchase No-Down Payment Financing May Cost Borrowers More Over Time 9/12/2004

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