By Zachary A. at Judy's Book November 08, 2013
We were referred to Rowan Real Estate & Rentals by a friend who had worked with her, and we had an equally great experience. Rowan Real Estate & Rentals is very professional, but also extremely fun to work with! She always had time to answe... ...read more
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MORE PLANNED PERFECTION Summerlin, a development of The Howard Hughes Corporation ® , is literally master-planned to perfection and will be for years to come. Since 1990 this community has grown to encompass more than 150 parks, more than two dozen public and private schools, 14 houses of worship, nine golf courses, three resort hotels, world-class recreational facilities, the vibrant urban core of Downtown Summerlin ® , well-established office parks, a state-of-the-art medical center and more—all playfully connected by more than 150 miles of award-winning trails that span the community. A wealth of high desert activities, including hiking and rock climbing, encourage a healthy outdoor lifestyle. In Summerlin, the abundance of amenities combine to create the community’s hallmark quality of life. FOR YEARS TO COME. Summerlin is a community that has something for everyone: for the truly young to the truly young at heart. Home options include single-family homes, innovative active adult communities, luxe townhomes and apartments, mid-rise luxury condominiums and exclusive custom neighborhoods. All come with an address in the city’s most coveted community— The Cliffs Summerlin’s southernmost village draws its name and inspiration from the Spring Mountains ridgeline that forms the backdrop to the village. The sloping topography naturally demands rugged contemporary architectural designs. Downtown Summerlin A stylish, urban core with bustling city blocks of fashion, dining and entertainment will include urban-style residences. Constellation, a luxury leasing complex is the first residential option in the downtown area. The Mesa Homes in The Mesa follow a more traditional architectural design and draw inspiration from the natural setting of the Spring Mountain Range, the backdrop of the village. The Paseos This village offers a blend of Hacienda- and Mission-inspired architecture with views of the Las Vegas Strip and Red Rock Canyon National Conservation Area. The Ridges A luxury, guard-gated village distinguished by stunning topography that reaches an elevation of 3,200 feet—presenting breathtaking views and encompasses luxury custom and production homesites in a sophisticated desert contemporary setting. Contact Stuart Sheinfeld EasyStreet Realty 702-406-2382 ...read more
By Stuart Sheinfeld - Easy Street Realty January 03, 2017
LAS VEGAS REAL ESTATE NEWS Respectable growth in overall population and employment in the southern Nevada market has contributed to continued demand in the housing sector. Home sales started off the new year with a typical seasonal slowdown. However, compared to the prior year, the number of new and resale closings were up 8.4 percent and 9.1 percent, respectively. From a pricing perspective, trend lines have started to flatten as median values have traded within a relatively tight range since the middle of 2015 in the new and resale segments, but resale pricing appreciated by 8.8 percent to $185,000 from the prior year. Overall housing metrics suggest that growth in home prices is likely to settle into a more sustainable (and reasonable) pace. While the modest increase to 4.0 months of effective availability in the Multiple Listing Service (MLS) is a function of seasonality, the estimated 9,000 homes on the market provide limited options for potential home buyers in selected areas. Either way, the relatively tight inventory has been a contributor to stability in pricing. Until this week, interest rates had been grinding sideways in an exceptionally narrow range, just off the long term lows seen in early February. March’s biggest news has been the unequivocal break of that range—unfortunately, to the upside. These risks began to take shape when stocks and oil prices managed to bounce in February at roughly the same levels seen in January. Investors were cautious about the possibility that this was a proverbial “dead cat bounce.” In other words, there was not widespread belief that stocks and oil would make it any higher than they did in January before falling again. Those beliefs have been changing over the course of this week, with Friday’s strong jobs report only increasing the momentum toward higher stocks, oil prices, and rates. In the following chart, 10yr Treasury yields are standing in as a more timely proxy for mortgage rates. Stuart Sheinfeld EasyStreet Realty ...read more
By Stuart Sheinfeld - Easy Street Realty March 17, 2016
2015 LAS VEGAS HOUSING HIGHLIGHTS Start with a study from online housing marketplace Zillow, which ranked Las Vegas No. 4 on its list of 2015 Best Markets for First-Time Home Buyers. RATES FALL BACK TO HISTORIC LEVELS MORTGAGE TYPE INTEREST RATE 30 YEAR CONV 3.625% 30 YEAR FHA 3.25% 30 YEAR VA 3.25% This month Freddie Mac announced the return of the Home Possible Advantage program; which only requires a 3% down payment. The program is designed to help more home owners enter the housing market, and to compete with FHA’s minimum down payment requirement of 3.5%. Now, potential home buyers that have the inability to save 5% (prior required conforming down payment) to purchase a home, will only need 3%. For 30-year mortgages with less than a 5 percent down payment, the mandatory annual mortgage insurance rate of 1.35 percent of the loan balance will be cut to 0.85 percent. For FHA-insured loans with more than a 5 percent down payment, the previous 1.30 percent rate will be reduced to 0.80 percent. The article, Zillow: Renting is twice as expensive as buying, from www.housingwire.com, reports that it more affordable to buy a home now in most U.S. metros than it was 15 years ago, even for millennials putting down less money on a home, according to a Zillow analysis of third-quarter income and home value data. Renters, however, continue to pay an increasing share of their income to their landlords as rents soar and incomes remain flat. In Las Vegas, it is 40% More Expensive to Rent Than Own according to Zillow’s research. Here is the link to the entire article: http://www.housingwire.com/articles/32273-zillow-renting-is-twice-as-expensive-as-buying The Greater Las Vegas Association of Realtors reported Wednesday that the traditionally slow holiday season brought a slight uptick in local home prices. The median price among single-family homes in the Las Vegas Valley reached $204,000 in December, up 1 percent from $202,000 in November and 10.3 percent from $185,000 in December 2013, the association said. CONTACT STUART SHEINFELD TODAY REGARDING THE MANY POSITIVE CHANGES HAPPENING IN LAS VEGAS RIGHT NOW - See more at: http://www.stuartsheinfeld.com/blog?post=Las-Vegas-Real-Estate-Turnaround-Likely-for-First-Timers-in-2015&xid=040105-01#sthash.cMVYiaPf.dpuf ...read more
By Stuart Sheinfeld Realtor June 13, 2015
Whether you have bad credit, or are just unable to purchase a townhouse at the moment, a lease-to-own agreement allows you to occupy the townhouse while you pay rent and prepare for the purchase. As with any transaction, there are a number of aspects that must be considered before signing any agreemen... ...read more
Buying a mobile home is a less expensive alternative to a home. You can save a lot of money and have your home paid off in a lot less time. Looking for a mobile home to buy is a bit different from finding a traditional house, but it can be done easily. ...read more
