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Archives

February 2006


Hottest Cities for Selling

Posted at 1:25 PM, Feb. 28, 2006

No. 1: Dallas
No. 2-5: Houston, Riverside-San Bernardino, Phoenix, Atlanta
No. 6-10:
Washington, Las Vegas , Sacramento, Austin, San Diego

 

The median price of a new home in Las Vegas dropped to $303,751 in January from $309,900 in December. The price is up 7 1/2% from the same time last year.

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New Construction going back to Normal Pace

Posted at 1:10 PM, Feb. 22, 2006

A decline in new home orders by some of the nation's large builders reflects a softening in the housing market that is being felt in Las Vegas, a local housing research expert said.

 

KB Home, the No. 1 builder in Las Vegas with 3,936 closings in 2005, recently filed a report with the Securities and Exchange Commission that said cancellations of new home orders rose during the first two mnoths of the year while net orders for new homes fell.  That follows a report from Toll Bros., a high-end home builder with 374 closings in Las Vegas last year, that orders for new homes fell 21 percent in the first quarter.

 

 

"It's softer than it was, the way it should be," said Dennis Smith, president of Home Builders Research, "because we all knew it was going to slow down sooner or later. We got away from talking about cycles and started talking about bubbles. The cycle is on the downward slope of the peak, but we're going to be OK."

 

Excluding apartment conversions, Las Vegas is going to be hard-pressed to match last year's record of 30,750 single-family detached new home closings, Smith said. He counted 31,010 new home building permits in 2005, down 1,869, or 5.7 percent, from the previous year.

 

"I think most of the big builders will struggle to meet last year's totals," he said. "Anytime you have interest rates on the rise, you're going to have higher cancellation rates. People are not able to qualify or if they haven't locked in their payment and rates during the construction of the house, if rates go up twice during that six months, they go to close and find out their payment has increased since they signed their contract. They might get cold feet."

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Happy Valentines Day

Posted at 12:08 AM, Feb. 14, 2006

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Home Prices Down a Little in Las Vegas

Posted at 3:16 PM, Feb. 10, 2006

The median price of a single-family home in Las Vegas dropped by $2,500 in January 2006 from December 2005,  reports the Greater Las Vegas Association of Realtors.

 

Currently the median price of a home is at $310,000, down 0.8% from December, but it's an 8.8% increase from January 2005.  The average price of a house is up in Las Vegas over 16% from a year ago.

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Trivia

Posted at 4:30 PM, Feb. 9, 2006

THINGS YOU SHOULD KNOW BUT PROBABLY DON'T

1 . Money isn't made out of  paper, it's made out of cotton.

2. The Declaration of  Independence was written on hemp paper.

3. The dot over the letter i is  called a "tittle".

4. A raisin dropped in a glass of fresh champagne will bounce up and down continuously from the bottom of the glass to the top.

5. Susan Lucci is the daughter of Phyllis Diller.

6. 40% of McDonald's profits come from the sales of Happy Meals.

7. 315 entries in Webster's 1996 Dictionary were misspelled.

8. The 'spot' on 7UP comes from its inventor, who had red eyes. He was albino.

9. On average, 12 newborns will  be given to the wrong parents, daily.

10. Warren Beatty and Shirley MacLaine are brother and sister.

11. Chocolate affects a dog's heart and nervous system; a few ounces will kill a small sized dog.

12. Orcas (killer whales) kill  sharks by torpedoing up into the shark's stomach from underneath, causing the  shark to explode.

13. Most lipstick contains fish scales (eeww).

14. Donald Duck comics were banned from Finland because he doesn't wear pants.

15. Ketchup was sold in the 1830's as medicine.

16. Upper and lower case letters are named 'upper' and 'lower' because in the time when all original print had to  be set in individual letters, the upper case letters were stored in the case on  top of the case that stored the smaller, 'lower case' letters.

17. Leonardo DA Vinci could write with one hand and draw with the other at the same time hence, multi-tasking was invented.)

18. Because metal was scarce, the Oscars given out during World War II were made of wood.

19. There are no clocks in Las Vegas gambling casinos.

20. The name Wendy was made up  for the book Peter Pan; there was never a recorded Wendy  before!

21. There are no words in the dictionary that rhyme with: orange, purple, and silver!

22. Leonardo Da Vinci invented scissors. Also, it took him 10 years to paint Mona Lisa's lips.

23. A tiny amount of liquor on a scorpion will make it instantly go mad and sting itself to death!

24. The mask used by Michael Myers in the original "Halloween" was a Captain Kirk's mask painted  white.

25. If you have three quarters, four dimes, and four pennies, you have $1.19  You also have the largest  amount of money in coins without being able to make change for a dollar (good to know.)

26. By raising your legs slowly and lying on your back, you can't sink in quicksand (and you thought this list was completely useless.)

27. The phrase "rule of thumb" is derived from an old English law, which stated that you couldn't beat your wife with anything wider than your thumb.

28. The first product Motorola started to develop was a record player for automobiles. At that time, the most known player on the market was the Victrola, so they called themselves Motorola.

29. Celery has negative calories! It takes more calories to eat a piece of celery than the celery has in it to begin with. It's the same with apples!

30. Chewing gum while peeling onions will keep you from crying!

31. The glue on Israeli postage stamps is certified kosher.

32. Guinness Book of Records  holds the record for being the book most often
  stolen from Public  Libraries.

33. Astronauts are not allowed to eat beans before they go into space because passing wind in a space suit damages it.

34. George Carlin said it best about Martha Stewart. "Boy, I feel a lot safer now that she's behind bars. O. J. Simpson and Kobe Bryant are still walking around; Osama Bin Laden too, but they take the ONE woman in America
   willing to cook, clean, and work in the yard,  and they haul her fanny off to jail."

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