A lingering impact of the Great Recession of the late 2000s is a labor shortage in the construction industry. An estimated 1.4 million workers lost their jobs when builders were forced to lay off workers and even close their businesses. Thousands of those workers were in metropolitan Las Vegas. Despite the economic recovery, many former construction workers aren’t coming back to the homebuilding industry. They found satisfying work in new industries. Some retrained to work in commercial and industrial construction.
Professional staging, of course, goes beyond the traditional cleanup that brokers have always advised for marketing (removing clutter, packing away personal items and the like). Since her rant, readers have responded with varying opinions on whether staging pays off.
Editor’s note: Listings include the resale home’s parcel number. The address listed is the homebuyer’s mailing address and not the actual location of the resale home. About 90 percent of these addresses reflect the home purchase. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. The information is provided by Accudata, a local research firm. For the complete listing, visit RJRealEstate.Vegas.
Buying a new home is a major investment that often requires a hefty down payment and expensive, long-term loans. For people on a tight budget, buying a mobile home or a manufactured home is a more attractive option that offers a wider range of flexibility than traditional or stick-built homes.
If you’re buying a home, you’re probably applying for a mortgage. And unfortunately, even when you think you’ve done everything right, your mortgage could still get rejected for surprising reasons. We asked mortgage lending experts to run down some of these unlikely — but very real reasons — home loans get rejected.
■ 3726 Las Vegas Blvd. South, No. 1202 — $1,318,888; 1,815 square feet; parcel No. 162-20-714-335; seller, LVT Owner LLC; buyer, Chichen LLC;
NOTE: This week I’m turning over my column to Gayle A. Kern and Veronica A. Carter of Kern &Associates.
Homeowners who owe more than their home is worth will get a new opportunity to refinance their mortgage, thanks to a new program announced last week by the Federal Housing Finance Agency.
Hermine continued Monday to twist hundreds of miles off shore in the Atlantic Ocean and was expected to keep swimmers and surfers out of beach waters because of its dangerous waves and rip currents on the last day of the long holiday weekend.