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A rise in new orders and finished new homes sent Lennar Corp.’s earnings rising more than four times higher in the third quarter.
Lennar reported that it earned $87.1 million for the three months ending Aug. 31, which is up from $20.7 million a year prior. The Miami-based home builder also reported home deliveries up 28 percent and new orders increasing 44 percent.
via Home Builder Lennar Quadruples Earnings | Realtor Magazine.
NEW YORK (CNNMoney) — Sales of new homes were little changed in August, but prices rose sharply in a signal of continued improvement in the housing market, according to a government report issued Wednesday.
New homes sold at an annual rate of 373,000, down 1,000 from the July reading from the Census Bureau, which tracks the sales. The number is 28% above year-earlier levels.
The economic revival sweeping downtown Las Vegas has ushered into the area restaurants, bars, entrepreneurs and residents. High-rise towers are filling up with renters and ground-floor tenants. Bars are taking over vacant buildings. New restaurant ideas are being hatched, and tech startups might soon outnumber casinos.
via The Zappos effect: Companies follow the retailer downtown – VEGAS INC.
S&P/Case-Shiller released the monthly Home Price Indices for July (a 3 month average of May, June and July).
This release includes prices for 20 individual cities, and two composite indices (for 10 cities and 20 cities).
via Calculated Risk: Case-Shiller: House Prices increased 1.2% year-over-year in July.
As an investor looking at multiple properties, how do you decide which one is right for you?
via Calculate Yield: Comparing Your Buy-and-Hold Investment Options.
Las Vegas’ housing sector had a good month in August with more new home purchases, higher sales prices and a jump in construction permits.
A total of 602 new homes were sold last month in the Las Vegas Valley, up 60 percent from the same period a year ago, according to a report this week from SalesTraq, a subsidiary of Las Vegas-based research firm Applied Analysis.
via Las Vegas housing sector sees positive signs in August – VEGAS INC.
Here are some things to avoid if you want to keep your rental business running in the black:
1. Charging more than allowed.
2. Not charging the full amount allowed by law.
3. Not providing the tenant with a receipt.
The NAR reports: August Existing-Home Sales and Prices Rise
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 7.8 percent to a seasonally adjusted annual rate of 4.82 million in August from 4.47 million in July, and are 9.3 percent higher than the 4.41 million-unit level in August 2011.
…
Total housing inventory at the end August rose 2.9 percent to 2.47 million existing homes available for sale, which represents a 6.1-month supply at the current sales pace, down from a 6.4-month supply in July. Listed inventory is 18.2 percent below a year ago when there was an 8.2-month supply.
via Calculated Risk: Existing Home Sales in August: 4.82 million SAAR, 6.1 months of supply.
PALMS PLACE CONDOS FOR SALE, LAS VEGAS
Imagine being part of the trendsetting Palms Casino Resort scene when you want, then being able to retreat to your own Palms Place condo just steps away to indulge in all the quiet luxuries of your amazing high-rise home.
Welcome to the 47-story Palms Place Tower. One of the three towers that make up the famed Palms complex just west of the Las Vegas Strip. Palms Place offers a mix of ultra-modern floor plans from studios to penthouses. Each Palms Place condo offers a bold, contemporary design fused with elegant appointments that make Palms Place a remarkable landmark in Las Vegas luxury living.
Palms Place condos for sale or rent range from studios with 600 square feet of living space, one-bedroom suites with 1,200 square feet of luxury living, and two-bedroom suites designed with 1,800 square feet and a spectacular view of the Las Vegas Strip.
All Palms Place Las Vegas condos are fully-furnished and include hardwood and marble flooring, nine-foot ceilings, state-of-the-art kitchens, 42-inch plasma televisions, and Italian bedding. One-bedroom suites add whirlpool bathtubs, a fireplace, and a washer/dryer laundry closet. Two-bedroom floor plans include an additional kitchen, a double-door entry, and an extra bathroom.
Palms Place amenities include an elegant bar scene in the Palms Place lobby, Simon Kitchen’s upscale restaurant, all the indulgent pampering of the Drift Spa, and a spectacular 50,000-square-foot pool with waterfalls, stone gardens, cabana, full service bar and much more all located on the Palms Place 6th Floor.
For more information, please visit http://www.mylvcondosales.com/palms-place-las-vegas/
Las Vegas Condos For Sale 
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