by Mesquite Realty on July 18, 2009
Looking at retirement homes in the Southwestern US can be a big task. An increasing number of baby boomers, estimated at more than 1.2 million households, plan to move to active-lifestyle communities. Many of these retirement communities are located in the Southwest. These communities tend to have activities designed to meet the wants and needs of their communities who are largely 55+. According to the MetLife Mature Market Institute Baby Boomers will represent one-quarter of the population of the US by 2010. This group of baby boomers is being watched closely as they may dictate housing trends in the next few years.
Retirement communities or active-adult communities have the highest level of satisfaction according to the survey. Family tends to play a large role in many baby boomers’ decision to move. [click to continue…]
by Mesquite Realty on July 16, 2009
There are many guidelines that need to be followed for a successful Internal Revenue Code (IRC) “1031 Exchange”. Let me start by saying that all information here should not be used as tax advise and that it should be verified with your CPA or tax attorney.
For those that have played the popular board game Monopoly, it is like trading 4 green houses for 1 red hotel…just in real life. Normally the net gains on the 4 green houses would be taxed, however through a 1031 exchange you can sell four houses and buy a hotel and defer paying taxes until the hotel is sold at a later date. Like many things with the IRS there are stipulations. [click to continue…]
by Mesquite Realty on July 15, 2009
For those of you that wish to buy a home in a down market there may be a small window of opportunity to do just so. Let me explain.Now that the first half 2009 is over it is time to take a look at was has been so far and maybe get a glimpse of what to expect for the remainder of 2009 in Mesquite Nevada.
When you compare the first half of 2008 with that of 2009, the picture you get is is one of a further declining market. Using the Mesquite Real Estate Associations multiple listing services statistics for homes sold during these periods we see that from January 1, 2008 to June 30, 2008 there were a total of 194 sales recorded. In that same time period there were 168 sales in 2009. That is a difference of 26 sales or an approximate 14% drop off in sales. [click to continue…]
by Mesquite Realty on July 13, 2009
In an on going effort to find what consumers want, we have compiled the top 5 bathroom features according to National Association of Home Builders. This list is as useful to buyers as it is to sellers. Buyers need to be aware of what features bring more money to homes. Sellers can use this list and when deciding what to upgrade. When looking at Mesquite NV condos or homes , these should be at the top of your list when looking at bathrooms. [click to continue…]
by Mesquite Realty on July 11, 2009
Southern Nevada and especially Clark County have been hit hard with the troubled economy. When is everything going to start stabilizing? This is what many buyers that are “sitting on the fence” are asking. With home values, other commodities and investment portfolios fluctuating wildly at times, can we blame them.
National Real Estate Foreclosures Down 11%
To get ta better picture of what is going on locally, lets take a step back and look at the National picture. Real estate foreclosures were down 11% last quarter nationwide according to Foreclosures.com. Pre-foreclosures were down 10%. They have also seen a 2%-3% drop in foreclosures and new filings this year compared to 2008. This has come as a surprise to many as increases, especially in new filings we largely expected. [click to continue…]
by Mesquite Realty on July 9, 2009
Mesquite Real Estate Association consists of REALTORS, licensed assistants, appraisers, lenders and builders that unite in the greater Mesquite NV area and agree to high professional standards.
The Mesquite Real Estate Association has approximately 170 members, of which about 150 are licensed real estate brokers or agents. The MREA is governed by a 10 Board of Directors, which are local agents and brokers. The MREA Board of Directors are elected by the membership to serve a 2 year term and generally meet monthly. [click to continue…]
