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Improving housing market luring would-be brokers

MIAMI (AP) -- The number of U.S. real estate agents is increasing as the housing market recovers from the Great Recession.

Applications for new real estate licenses doubled in Florida and California last year. Even hard-hit Nevada has seen the number of people seeking licenses grow by almost a quarter.

And the National Association of Realtors says its membership grew slightly last year after six straight years of declines.

Experts warn that real estate is a tough profession and that many new agents quit before they sell a single house.

 

City Seeks Applicants for Housing Help Program

City Seeks Applicants for Housing Help Program

Housing help is available from the city of Henderson, but not enough people are taking advantage of it, city officials said.

The Housing Rehabilitation Program provides financial help for repairs that correct code violations or eliminate health and safety hazards. The city uses money from the U.S. Department of Housing and Urban Development to provide interest-free deferred loans with a five-year affordability period. The deferred loan is forgiven after the five-year affordability period if all program requirements are met.

"Through this program eligible homeowners are able to make renovations they otherwise couldn’t afford," Mayor Andy Hafen said. "By providing them with a way of taking care of their homes, the city is helping protect their quality of life, as well as their property values." 

Henderson Mayor Discusses Housing Options with Industry Leaders

Henderson Mayor Discusses Housing Options with Industry Leaders

 

White House officials asked Henderson Mayor Andy Hafen to hold a community meeting about the housing market, and the mayor answered the call.

Hafen hosted a roundtable meeting Thursday with real estate officials and community leaders about how to help city residents work on refinancing options. The roundtable was facilitated by the Nevada office of the Department of Housing and Urban Development (HUD.)

“The economic downturn hit our state hard, and the impact on homeowners has been particularly significant,” Hafen said. “This was an opportunity to bring in local leaders to see if some of the new refinancing tools are being promoted and are working to help residents take advantage of the lower interest rates.”

Participants included city of Henderson officials, local chamber of commerce representatives, members of the real estate industry, and local community leaders.

Expiring Unemployment Pushes Families Toward Homelessness

Expiring Unemployment Pushes Families Toward Homelessness

 

Non-profit organizations throughout southern Nevada feel the pinch of the struggling local economy. No group finds itself more squarely in the middle of the situation than HopeLink of Southern Nevada, which attempts to help families confronting homelessness.

As expiring unemployment benefits force more families into that predicament, HopeLink needs more donations to support its efforts. Its requests for aid have increased 35 percent from last year.

HopeLink is seeking donations of all sizes, including businesses willing to host a special event and/or designate a percentage of a day’s sales to the cause. HopeLink receives between 500-800 requests per month for assistance, mainly with shelter or rent and utility payments, and has increased its volunteer program to help fill requests. HopeLink served more than 7,000 people over the last year.

Senior Center, Apartments to Celebrate Grand Opening

Senior Center, Apartments to Celebrate Grand Opening

 

A new senior center and low-cost apartment complex makes its debut at the end of March.

The City of Henderson and Nevada H.A.N.D., Inc. will host a grand opening celebration for the Downtown Senior Center and Pacific Pines 4 Senior Apartments at 9:30 a.m. March 29, at 27 E. Texas Ave. in the Water Street District.

Pacific Pines 4 Senior Apartments is an affordable senior housing community that incorporates many sustainable and green building features such as photovoltaic solar energy, LED exterior lighting, high efficiency heating and cooling equipment, solar hot water panels, and high efficiency condensing boilers. The complex features 62 one- and two-bedroom apartments. The property is already fully occupied.

Realtor Trusts in Lake Las Vegas

Realtor Trusts in Lake Las Vegas

 

At least one local Realtor is betting on a rebound at Lake Las Vegas.

Robyn Yates, owner/broker of Windermere Prestige Properties, today announced the merger of Lake Las Vegas Village Realty. The newly renovated Windermere office is located in the Village at Lake Las Vegas.

According to Yates, Lake Las Vegas is being re-discovered by a diverse group of buyers. Prices for luxury condominiums have dropped 42 percent since the peak of the market and home prices now range from $39,900 for a condominium to $899,900 for a custom-built home at Southshore.

WATCH: The Arts Take Center Stage

LAS VEGAS -- Las Vegas is transforming into a cultural mecca, and this weekend, 8 News NOW takea you inside as the arts take center stage.

From the new Smith Center for Performing Arts, to the Neon Boneyard and Arts District, Las Vegas is doing more with arts and theater than ever before.

8 News NOW and our Community Pride sponsors will be the first to take you through the new buildings and give you a sneak peak at what's to come in the next year in our special.