With the credit crunch, some are finding a hard time getting loans. Banks have stricter rules when it comes to lending money, especially for folks buying real estate. News 3’s Marie Mortera takes a look at the obstacles and what you now need to overcome them. The fall on Wall Street means more scrutiny from lenders [...] [...more]
I got a comment on LVRED from Matt at PepperCom about the idea of green technology and he left me with a video to watch. You should definitely watch it yourself. I won’t spoil the answer for you, but I’m pretty sure when you come to a website like this, you know what answer to [...] [...more]
Bank of North Las Vegas names vice presidents Bank of North Las Vegas named Marilyn Ash senior vice president, loan operations manager, Kathy Stubbs vice president, controller and Brent Yap assistant vice president, commercial loan officer. *** Bally Technologies, a Las Vegas slot maker, named Carlos Engel director of its Mexico sales and operations and Timothy Spartharos director [...] [...more]
D.R. Horton has announced its S.A.D. Sale to take place on Sept. 6 and 7. “S.A.D. is our acronym for Seller Assisted Down Payment, more commonly known as down payment assistance,” said Jeff Ward, director of marketing. “It also expresses the way many of us feel about the end of these programs. Currently many of our [...] [...more]
Some elected officials and business leaders met over two days last week to give their insights on how local governments and community leaders can create a sustainable environment in Southern Nevada. The recommendations from the round-table discussion sponsored by the Lied Institute of Real Estate Studies won’t be made public until a white paper is released [...] [...more]
Nevada’s main electric utilities are extending financial incentives now offered to homeowners with solar power systems to customers installing wind turbines. Nevada Power Co. of Las Vegas and affiliate Sierra Pacific Power Co. of Reno plan to begin a program Monday offering rebates of $2.50 per watt for wind turbines, based on the turbine’s electricity production [...] [...more]
A federal class action lawsuit has been filed against Perini Corp. of Framingham alleging violations of the U.S. Securities and Exchange Act. The suit, which seeks unspecified damages, was filed in Massachusetts District Court on behalf of holders of Perini Corp. common stock by New York law firm Coughlin Stoia Geller Rudman & Robbins, which is [...] [...more]
Nevada’s 140,000-member government pension system lost money on its investments last fiscal year, but the system’s investment counselor says it performed better than most public retirement systems. The state Public Employees’ Retirement System had losses on investments in U.S. and international stocks and real estate investment trusts, but Paul Troup, executive vice president of Georgia-based Callan [...] [...more]
Owners of more than half of all homes sold in the Las Vegas area in the past five years have negative equity in their homes, according to a new report. The report from Zillow.com, which tracks real estate values across the country, indicates that home prices in the Las Vegas area have fallen to levels not [...] [...more]
More homeowners than ever are selling at a loss, propelling the real estate market deeper into crisis. In the 12 months that ended June 30, nearly 25% of all homes sold nationwide fetched less than sellers originally paid, according to real estate Web site Zillow.com. While the nation’s double-digit decline in home prices has been well documented, [...] [...more]
