Southern Nevada master-planned communities continue to lead the way in new home sales and that trend shows no signs of slowing as the newer developments start to take off in the valley.
Large homebuildng companies in Las Vegas and beyond, along with commercial developers looking to fan out to the Pahrump Valley, could find available water resources in the valley, despite a recent order by the state engineer to restrict domestic well drilling in the unincorporated town some 60 miles west of Las Vegas.
When you’re in the market for a $1 million home and looking into how to get a mortgage, you’re in luck. Current mortgage rates on jumbo loans have reached historic lows. In fact, the U.S. Bank rate on a jumbo loan — classified as more than $424,100 for 2017 — was just 3.625 percent for a 15-year fixed mortgage and 4.125 percent for a 30-year fixed mortgage as of Dec. 7. Jumbo home loans generally require putting up to 20 percent down on your purchase and making sure your monthly mortgage payment doesn’t exceed 43 percent of your income before taxes.
A private residence at ASCAYA has received the community’s first American Institute of Architects (AIA) design award. Architect and designer Daniel Joseph Chenin received a citation award for design excellence in the Unbuilt Architecture category for his ASCAYA design at the 2017 AIA Nevada Design Awards.
The Southern Nevada Home Builders Association and its HomeAid Southern Nevada chapter installed their 2018 slate of officers and directors during the Installation and Awards Luncheon, sponsored by CAMCO, on Dec. 7 at the Four Seasons Hotel.
New home closings are on the upswing in Southern Nevada and should finish the year ahead of the 2016 pace.
Lennar Corp. announced the planned acquisition of CalAtlantic Group Inc. at the end of October, a deal expected to create the nation’s leading homebuilder upon closing.
Students from University of Nevada, Las Vegas traveled to Denver to compete in the U.S. Department of Energys Solar Decathlon 2017, where UNLV Team Las Vegas achieved a first place ranking in the Innovation part of the 10-event decathlon, awarded 98 points out of 100 points for that category.
As a second-generation homebuilder, Dan Coletti has spent a lifetime honing his abilities and vision of what the ultimate estate home should look like, as well as the comforts it should provide its owners. Coletti knows luxury homes: Of the 25 most expensive homes in Southern Nevada, Coletti and his company, Sun West Custom Homes, have built the lion’s share. Waters Edge at MacDonald Highlands is the ultimate expression of everything Coletti has learned.
By the way, consumer advocates recommend a prospective condo purchaser read the offering plan and run it by an attorney before signing a purchase agreement.