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Ted and Kerry Morrison, ABR
9484 W. Flamingo Rd. #270,
Las Vegas, NV 89147
Office: 702-489-5800
Cell: 702-321-2370
Email: GoldTeamLasVegas@Gmail.com
Real Estate Consultants/REALTORS

Navigating the Las Vegas Real Estate Market
Las Vegas in Top 5 Most Affordable Popular Retirement Areas
Posted By - Kerry Morrison - 07/31/2010
Most Affordable Popular Retirement Locations 

The real estate downturn has turned some very popular retirement destinations into bargains.

To determine where the prices are most attractive, U.S. News & World Report examined price-to-income data for 384 metropolitan statistical areas. This expresses the relationship between owner income and home values.

Here are 10 retirement havens where homes are most affordable by this measure:

1. Bend, Ore.
2. Napa, Calif.
3. Fort Meyers, Fla.
4. Fayetteville, Ark.
5. Las Vegas
6. Sante Fe, N.M.
7. Punta Gorda, Fla.
8. Phoenix
9. Santa Cruz, Calif.
10. Burlington, Vt.

Source: U.S. News & World Report, Luke Mullins (07/08/2010)

http://www.realtor.org/RMODaily.nsf/pages/News2010070802?OpenDocument



Nevada in Top 5 Best States for Business
Posted By - Kerry Morrison - 06/19/2010


Silver State No. 5 for doing U.S. business
Nevada moves up spot in survey of executives

Nevada's crummy economy might actually have helped the state grab some positive publicity for a change.  The Silver State ranked No. 5 on the list of Best States for Business in the latest issue of Chief Executive magazine, which surveyed 651 corporate leaders on state taxation and regulation, quality of work force and living environment. Nevada edged up a spot, from No. 6 a year ago.

Complete article at: 
http://www.lvrj.com/business/silver-state--no_-5-for-doing-u_s_-business-96360624.html

 
 



Senate Approves Tax Credit Extension
Posted By - Kerry Morrison - 06/17/2010
Senate Extends Tax Credit Closing Deadline 

The U.S. Senate voted Wednesday to extend the home buyer tax credit closing deadline to Sept. 30, giving an estimated 180,000 buyers who met the contract deadline of April 30 extra time to close the transaction.

The extension was added to a bill to pay for jobless benefits.

The NATIONAL ASSOCIATION OF REALTORS® estimates that one-third of qualified applicants have been notified that they will be unable to close by the deadline. The Mortgage Bankers Association says delays are caused largely by the volume of transactions.

The measure still must be approved by the House.

Source: Associated Press, Andrew Taylor (06/16/2010)
Original link: http://www.realtor.org/rmodaily.nsf/pages/News2010061701?OpenDocument



Median Single-Family Home Cost Up 0.2 Percent
Posted By - Kerry Morrison - 05/13/2010


HOUSING: Las Vegas home prices show small annual increase
Median single-family home cost up 0.2 percent, first year-to-year jump since '07

Las Vegas home prices experienced their first year-over-year increase since 2007, the Greater Las Vegas Association of Realtors reported Monday.  The median price of a single-family home rose to $142,000 in April, up 0.2 percent from a year ago and up 4.4 percent from March. It's the first annual increase since prices hit $310,000 in February 2007.

Find the complete article at:
http://www.lvrj.com/business/las-vegas-home-prices-show-small-annual-increase-93297069.html

 
 



Rebates for Appliance Buyers in 2010
Posted By - Kerry Morrison - 02/24/2010 3 comments

Read about this in Realtor(R) Magazine - if you plan to buy a new appliance beginning April 2010, you may qualify for a rebate!
Here is the info from http://www.energysavers.gov/financial/rebates/state_NV.cfm 

The State of Nevada will implement a mail-in rebate program to help residents replace older, inefficient appliances with new ENERGY STAR® qualified appliances. The program is tentatively scheduled to begin in April 2010, and will continue until funds are depleted.

Eligible products include

  • Refrigerators
  • Freezers
  • Clothes washers
  • Dishwashers

Customers must purchase from participating retailers. These retailers must deliver new appliances to consumers and pick up old appliances for recycling.

Contact: Nevada State Office of Energy

Total Funding: $2,495,000




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