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Mortgage rates get left behind after Feds’ slashing spree

While it seems like the whole world is collapsing around us — let’s remember that “this too shall pass.” If you’ve checked mortgage interest rates recently you’ve probably been shocked by what your loan officer quoted you. While the Federal Reserve just reduced the federal funds rate to essentially zero — mortgage rates skyrocketed. What happened? What should you be doing now if you are an existing homeowner, or are considering a home purchase?

HOA boards will need to adapt to deal with coronavirus crisis

The virus and the closures of business have greatly impacted our community and now our homeowner associations. The financial impact upon our homeowners will be felt. Boards and managers may have to temporarily revise some of their policies as to delinquencies and precollection notices and provide extensions to allow homeowners more time to correct their violations as well as slow down the fining process. This is the time for our boards and managers to show some compassion as we work together, helping each other.

REAL ESTATE BRIEFS — MARCH 21

After an extensive executive search, the Nevada Housing Coalition board of directors hired Christine (Bekes) Hess as the first executive director for the statewide nonprofit.

City National donates $5,000 to Habitat for Humanity project in Henderson

City National Bank has announced it has provided Habitat for Humanity Las Vegas with a $5,000 donation in support of the organization’s build project in Henderson. City National is supporting Habitat for Humanity in a number of its major markets as part of a nationwide initiative.

Live large in Summerlin condo or town home

While single-family homes are still the dream of many, condominiums, town homes, lofts and other city-style options are growing in popularity for obvious reasons. Their typically smaller floor plans equate to less maintenance; yard work is nonexistent; and abundant amenities are often available to deliver a highly desirable active lifestyle.

THE LATEST
Couple designs “house of good friends” — VIDEO

Deborah and Craig Huntington designed their incredible half-acre custom estate as the “Villa dei Buoni Amici,’]” which means “house of good friends.”

Las Vegas new-home market kicks off 2020 with strong start

The Las Vegas new-home market closed February with its strongest week of net sales in years, and a leading housing analyst said prospective buyers haven’t slowed down in checking out model homes through early March as builders target buyers with new projects with lower prices.

HOA boards need good social media policies

If you have not had the opportunity of taking a class concerning social media, I would highly recommend that you take the next one that is offered. I personally do not recommend my association managers or boards of directors to partake in the various social media sites, be it as a formal board member or community manager or as a board member responding to a homeowner.

Aviator apartments open near Henderson Executive Airport

WestCorp Management Group, in its ongoing partnership with Nevada West Development, has opened The Aviator, a 380-unit luxury apartment community in West Henderson at 3660 St. Rose Parkway near the Henderson Executive Airport.

Summerlin supports school pollinator gardens

Over the past few years, The Howard Hughes Corp., developer of the master-planned community of Summerlin, has made school gardens in Summerlin elementary and middle schools a priority by providing funding to underwrite garden farms as a teaching tool. Today, Hughes has expanded that focus with the help of its nonprofit partner, Green Our Planet, to add pollinator gardens at several Summerlin schools. Pollinator gardens are home to native flowering species and milkweed plants that attract butterflies, insects and bees — ultimately serving as an oasis for native pollinators and adding another level of learning for students.

Regency at Summerlin features amenities

Regency at Summerlin is the premier active-adult new-home community in Las Vegas. It is a low-maintenance living community that offers homeowners a luxurious lifestyle complete with a private clubhouse and the opportunity to pursue their passions and discover new interests every single day.

StoryBook supports Boulder City schools

StoryBook Homes will make a series of donations to Boulder City public schools to support educational efforts within the classroom. The first of four financial gifts happening in 2020 will support reading programs at Martha P. King Elementary School.

Pardee presents designer Pop-Up Show Homes in North Las Vegas

Two new Pop-Up Show Homes are available at Pardee Homes’ Larimar in The Villages at Tule Springs in North Las Vegas. Featuring contemporary designer touches and showcasing modern architecture, the homes are ready for immediate move in.

Home prices break record while supply keeps shrinking

Existing local home prices finally broke their all-time record, while the housing supply keeps shrinking. So says a recent report by Las Vegas Realtors.

Summit mansion is work of art — PHOTOS

Walls of polished Las Vegas rock, quarried from Jean, resemble the deep tones and lines of petrified wood. The travertine floor runs seamlessly one direction from one end of the house to another. In the entry an art piece doubles as a hidden closet. White orchids on a center table are proportionately arranged.

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