Looking to buy a home in Seattle or Las Vegas? You might want to hurry, as prices are rising fast—and showing no signs of slowing down.
The just-released Standard & Poor’s/Case-Shiller Home Price Index shows home prices in most major markets are increasing steadily, with the west coast being especially hot.
Once again, Las Vegas maintains its long-standing reputation as the leading destination for business travel. For the 24th consecutive year, Las Vegas was named the country’s No. 1 trade show destination according to the Trade Show News Network (TSNN) “2017 TSNN Top 250 Trade Shows in the United States” list. According to the list, Las Vegas hosted 47 of the largest shows held in the country last year.
Summerlin Gets Urban
Downtown Summerlin is rapidly becoming deserving of its downtown name. Across Pavilion Center Drive from the outdoor mega-mall packed with Trader Joe’s, Regal Luxury movie theaters, Lazy Dog Restaurant & Bar and Crate & Barrel, an actual urban center is on the way, anchored by two venues capitalizing on the latest Vegas craze: pro sports. City National Arena, the home-away-from-T-Mobile of the Vegas Golden Knights, is packed every day with hockey-crazed locals, and last month Howard Hughes Corporation broke ground on its neighbor, the Las Vegas Ballpark—the future home to the 51s.
It’s official: The 65,000-seat Las Vegas stadium will cost $1.8 billion to build.
The Las Vegas Stadium Authority late Wednesday posted three documents on its website outlining the guaranteed maximum price negotiated by the Oakland Raiders with general contractor Mortenson Construction Co.
The indoor stadium, under construction at Interstate 15 and Russell Road, will house the Raiders, who are expected to get final NFL approval at owners’ meetings in Orlando, Florida, next week to relocate to Southern Nevada by the start of the 2020 season. The state-of-the-art stadium also will become the home venue for the UNLV Rebel football team.
The millions of Americans who haven’t saved enough money for retirement still have a potential safety net: their home equity. But recent changes to reverse mortgages mean seniors and their families may have tougher decisions to make.
Reverse mortgages allow people 62 and older to tap their home equity without having to pay the money back until they move out, sell the house or die. Borrowers can take payouts as lump sums, monthly checks or through a line of credit that can be tapped at will. The reverse mortgage debt grows over time, typically at variable interest rates, and may deplete all the equity in the home, leaving nothing for heirs. If the home is worth less than the reverse mortgage balance, though, borrowers and their heirs can’t be held responsible for that loss.
88LasVegasRealtor.com | Leonora De La Cruz 