Las Vegas Real Estate Info

The National Association of Realtors is reporting that pending home sales have slowed for the third consecutive month. The Chief Economist for the NAR believes that the market is in transition from a boom to a more sustainable period of balanced sales.

What does this mean for buyers and sellers? A healthier market where the high rises and deep falls will not be the primary expectation. Instead, the level will plateau providing favorable conditions for both sides of the real estate market.

This information brought to you by Henderson Homes.

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The Las Vegas downtown area will undergo a revival of sorts in 2006 as 61 acres in the downtown area are transformed into a luxury high rise. This new downtown within the downtown will generate new homes, new jobs and what’s more, a new look for the Las Vegas landscape. For more information on the Las Vegas Sun article click here.

In 2006 city residents will see some new recreation facilities open and another become the focus of a top professional tennis tournament. Construction also will begin on two large recreation complexes in the city’s northwest.

But while some projects are at least a year away, breaking ground on the $50-million Alzheimer’s center will be the first tangible evidence that the larger plan is coming.

This information brought to you by Las Vegas Homes and Real Estate.