 Average price of re-sale homes sold in Las Vegas Valley up 3.1% over April 2005According to the Greater Las Vegas Association of Realtors, the average price of single-family re-sale homes sold in April 2006 is $365,434, which is 3.1% higher than April 2005 and 3.8% lower than March 2006. Please note: The average 'list' price of single-family re-sale homes in April was $484,019 .. $118,585 lower than the average 'sold' price. $217,019 is the average price of re-sale condos/townhomes sold in April 2006, which is 12.0% higher than April 2005 and 5.1% lower than March 2006. Please note: The average 'list' price of re-sale condos/townhomes in April was $309,456 ... $92,437 lower than the average 'sold' price. "A man's homeland is wherever he prospers." -- Aristophanes
Price Just Lowered. 3 Bedrooms / 2.5 Baths. Open Floor Plan. Huge Bonus Room Above The Garage. 18" FLoor Tiles. Blinds on All Windows. Cozy Fireplace. Front Porch. All Appliances Stay. Extra Den /Office.
 What Does The Hike in the Fed Funds Rate Mean To You?
The Fed is at it again. For the sixteenth time in the latest series that started in June of 2004, they've hiked the Fed Funds Rate by .25%. Why are they hiking rates? Only to keep the economy from growing too quickly, which can result in inflation and drive prices higher on the goods and services we purchase and use every day. Equally important to the rate hike itself was the Policy Statement from the Fed, which is always dissected and analyzed very carefully, as it often gives clues as to the likelihood of future rate hikes. The Fed statement indicated that although inflation appears to be controlled at the present time, further rate hikes may be needed. However, they stressed that the economic news over the coming weeks would be watched very closely in that decision making process.
So what does this mean to you, your friends, family, coworkers and clients? Here's the scoop. The Fed Funds Rate directly affects the Prime Rate, which most Home Equity Lines of Credit are based on. It is also closely tied to the index of many Adjustable Rate Mortgages. A large number of Americans have either a Home Equity Line of Credit or an Adjustable Rate Mortgage…or may even have both. Those rates and indices just jumped again, which may be putting pressure on making monthly payments, or causing concern as to where that rate might go in the future. Moreover, there may be better financing options. In this frequently changing financial environment, it may be time to take a look at the type of mortgage financing currently being held to find out if it might be time to consider a different strategy that is a better fit for present market conditions.
(Source: Chuck DeLangis, Branch Manager, The DeLangis Team of Meridias Capital, http://www.delangisteam.com, one of our 'One Stop For Las Vegas Homes Dream Team Members. Click here or visit www.onestoplasvegashomes.com to view the complete list of Dream Team Members -- all of whom are 'tried and true' -- based on the recommendations provided by readers of the 'One Stop For Las Vegas Housing Trends and Tips' newsletter.)
"Life consists not in holding good cards, but in playing those you hold well." -- Josh Billings
Price Just Lowered. 4 Bedrooms plus den / 2.5 Baths. Shadow View 2-story single-family home. 2,889 sq. ft. on 6300 sq ft. lot. Formal Living and Dining Rooms. Spacious Kitchen with Island and Abundance of Cabinets. Spa and Swimming Pool. Built-in BBQ.
 Is Your Home Making You Sneeze?Are you one of the many people living in Las Vegas report who have allergy flare-ups? Well, if your family is like most Las Vegas families, you are probably spending more than 90% of your time indoors....and wall-to-wall carpet, poorly ventilated fireplaces, kerosene heaters, mold and bacterial toxins, dust mites, and an almost endless collection of highly allergenic products have invaded our homes and offices. Bacteria are found in your heating and cooling system, house pets, garbage, bathrooms and everywhere else in your home. There are over 350 different indoor pollutants identified. Among them are tobacco smoke, bacteria and viruses, mold and mildew, fungi, pollen, house dust and dust mites, odors, and chemical gases from cleaning products, furnishings, clothing and construction. How can you solve this problem in your home? The most effective way is to treat the air that you breathe, making it cleaner and safer, substantially reducing the concentrations of airborne particles (molds, viruses, bacteria, pollens, etc.). Purchasing an air purification system will cleanse and treat the surrounding air in all directions and help make it fresher and safer by substantially reducing the inhalation risk of toxic particles. Subscribers to this newsletter are invited to field test -- absolutely risk free and without obligation -- a line high-tech electronic indoor air purifers, which cover up to 3, 000 sq.ft. with just one unit, and which eliminate smoke, cooking and pet odors, bacteria, mold, dust and germs. To schedule your free in-home test of this air purification system, call Nancy Driscoll, Pure Air Solutions, at 702-649-1527.To learn more information about this effective technology, visit: www.freshairliving/com./ndriscoll Pass code: guest .
"Mid pleasures and palaces though we may roam, Be it ever so humble, there's no place like home." -- John Howard Payne
 Happy Mother's DayMother's Day ranks #1 as the most popular day of the year for dining out, according to research by the National Restaurant Association. Valentine's Day ranks #2.
"Each day of our lives we make deposits in the memory banks of our children." -- Charles R. Swindoll
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