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LUXURY HOME SALES

■ 20 Meadowlark Lane – $3.4 million; 9,286 square feet. Parcel No. 164-14-814-004. Seller: The Nzeregwu Living Revocable Trust dated June 30, 2006. Buyer: The Shahrestani Family Trust dated May 4, 2016.

Resale Home Sales Nov. 1-7

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 or on Facebook at www.facebook.com/RJRealEstate

How do construction loans work?

Construction loans are short-term loans specifically designed to finance the cost to build a home. They typically have terms of 12 months or less, strict approval conditions and require a detailed schedule of your construction plans.

Owner can force sale of Florida home

You do, though, have the right to go to court and force “partition” — an all-cash auction sale with division of the proceeds. (Different rules may apply, by the way, if the property is owned by a married couple.)

Mortgage rates jump to 10-month high

Mortgage rates continued their miserable rising streak this week. They have gone up half a percentage point since early October.

Premier loan officers answer the phone

Buying a home is one of those things in life that are exciting and scary at the same time. Perhaps the scariest part for most people, though, is when it comes time to apply for their mortgage loan.

Howard Hughes supports Homeaid

This year, one organization received extra special support from The Howard Hughes Corp. as well as several local homebuilders that are developing neighborhoods in Summerlin. HomeAid Southern Nevada, established in 2004 with a focus on building shelters and facilities for homeless and at-risk populations in our community, is sponsored by the Southern Nevada Homebuilders Association.

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