Release of Some Pulte Homes from Princeville Collection

Receiving quite a number of requests for its golf course home sites, Pulte Homes is now up to releasing specific lots from its Princeville Collection which is within Silverstone Ranch, a community located at the Northwestern Las Vegas Valley.

Lindsay Motley, Pulti Homes Sales Manager, said that Silverstone Ranch is one of the brand new golf course sites available at Southern Nevada.

The event of making these homes available to interested clients will be held with giveaways, refreshments, and entertainment. It will be a form of celebration for Pulti Homes and to those on their interest list.

Motley says that it will indeed be a rare opportunity to own one of their brand new homes from their Princeville Collection. These homes, known for their beautiful location inside a golf course in Silverstone Ranch are either single or two-stories in structure.
Promising of breathtaking and spectacular views of Mount Charlestone and Sunrise Mountain, this collection is a must-see.

The collection has four floor plans, each plan named after its square footage. Plan 3000, priced at $581,990, has four bedrooms, three baths, a dining room, plus a den or a sitting room. Plan 3064, with a price starting at $586,990, features a courtyard and circular entry to the living room and family room. Plan 3380, priced from $620,990, has a special feature for its master suite. It is located at the first floor, with the remaining three bedrooms and two baths upstairs. And the largest plan, Plan 3448, offers three bedrooms, a den, a study and a computer loft. Would-be owners have the option for a fourth bedroom, bonus room, and so on. Its price is at $629,990.

Three of this collection would finally be released.
Residents at Silverstone Ranch would enjoy a couple of benefits like preferred rates and tee times, plus discounted memberships at the 27-hole golf course.

Real estate appreciation rates in Las Vegas

After a 40 to 50 percent real estate appreciation rates in Las Vegas in 2004, the 19.5 percent overall gain in 2005, may seem pale in comparison --- but this, according to SalesTraq housing research firm president Larry Murphy, could actually be considered “almost a miracle.”
Initially predicting a negative appreciation for 2005, Murphy was even surprised for the 19.2 percent follow-up.

According to Wall Street and California University analysts, homeowners could sell their units now and buy them back in six-months time, guaranteed of a 30 percent discount. The changing trends in real estate prices in California seem to point out not-so-good tides in Las Vegas.
But according to Murphy, Southern Nevada would not necessarily be predictable to be weakening.

Since prices have skyrocketed in upscale communities such as Summerlin, Green Valley and Anthem, potentials could have shifted to areas with lower median prices such as those in northeast and central parts of Las Vegas.

Winchester area at the east has reached a 69 percent appreciation rate last year. Inner city areas have gone 36 percent to 44 percent on appreciation rates. While northern areas have increased up to 36 to 37 percent. Some of the highly appreciated areas last year, which include Summerlin and Anthem dipped recently.

As long as Las Vegas continues to have strong job opportunities and steady population growth, the real estate market will not be threatened, according to analysts. The decrease in appreciation could be a “cool off” from the very peak season enjoyed in 2004. But the cooling off right now only signals the “normal market” phase.

A higher appreciation for high-rise condominium market in comparison to single-family homes is apparent. The condo units have steadily lowered their prices while singe-family houses have escalated.

The Other Side of Real Estate Investing

Most articles that have been written on Real Estate tackled the question of how much money one can earn in it. But few have touched on the reverse side of the issue. Only few were brave enough to face the painful “how much money was lost, is losing and will lose?” question.

Those who have made it good in the Real Estate Market are those who waited, persevered and spent a lot of time and money. Truly, investing is such a heavy task. It requires a unusual eye to see the recent market trends, and a sharp mind to figure out how to make those things work.
It is not as simple as putting up a certain amount of money in an investment and letting it grow overnight. At some point, most investors in fact experience lots of losses first before they see figures for their earnings. Understandably, in an industry as big as Real Estate, an investor indeed needs a huge stash of cash to get him going, especially during the early, revenue-hiatus stage of the business.

The start up stage is the most crucial in any investment venture because this is the point where one sets the mood for the business. Both the investor and the market outsmart each other. Each is driven to develop strategies to sustain in the market with the least possible financial capital. This is because staying power spells credibility in the business though there are some that play safe by buying and selling.

In Las Vegas, for example, where the Real Estate Market fluctuates from time to time, some investors found a way to still earn even with such a scenario. During low season, investors purchase properties at discounted prices and then they wait for the market to boom again before they sell properties at a higher price.

There is money in Real Estate, there’s no denying that. But finding it is surely easier said than done.

Home-shopping in Sin City: What affects the price offer?

Imagine yourself home-shopping. No different from hopping from one shop to another in search for that perfectly-priced, simply-gorgeous little black dress, you relentlessly go from one open-house to the other looking for the best house you can afford. At some point, you might get lucky and discover a dream house. But the big question is: Do you have enough finances to own the place?

Every buyer is bound to raise this question as she perhaps struggles for loan deposit money or to close a bank account to pay for a new home. But if you equip yourself with real estate know-how on what affects a price offer, especially in a big city like Las Vegas, you protect yourself from the prospects of paying for a property more than its real value, as well as making intelligent counter-offers to the seller.

First, learn how to put a home in its proper category: average, above average or below average. To do this, simply pay attention to the rest of the houses in the neighborhood while you're out in the field house-hunting. This should give you a good basis of comparison.

Then proceed to do an evaluation on your own. There are a few criteria to keep in mind when evaluating a new home in Las Vegas, and structural condition tops these. Be meticulous. Inspect walls, ceilings, floors, doors and windows. Look into bathrooms and bedrooms and see for yourself whether the plumbing and electricity work efficiently. If you must, turn on knobs and switches yourself. Don't overlook small fixtures like light switches, doorknobs and drawer handles. Even the smallest of details count.

Is the place coated with a new paint or is the color too faded that it's making the house look older than it actually is? Check carpets and floor coverings too. Sometimes, there might be cracks or chipped tiles hidden beneath them.

If the house passed your personal "quality test", expect to pay a bit more. A well-maintained house will surely be priced higher than the others.

Vegas Downtown Spin: The Real Score

Whoever said the Las Vegas real estate market is slowing down must be referring to the new players. Why? Because there has been so many who responded to the Real Estate craze and took a chance at Real Estate Investment thus resulting in more supply than demand.

Therefore, there will be no market left for the new players. If there is, it would take them more time than usual before showing up in the industry. They will be forced to race with the more stable, more popular companies.

On the other hand, this “slowing down” trend in the Real Estate Industry is not applicable to those companies that were able to invest in Vegas earlier. It is guaranteed that these companies are of good and stable status and are therefore not slowing down.

There is one bizarre explanation to the latter assumption that is unique in the Las Vegas market. These businesses do not only measure their market value through the number of years they’ve been in the industry. Commercial stuff like branding and location and amount of investment are what most new comers use to combat the authority of those that came in first.

The result is, aside from the “who came first?” prerequisite of most buyers, “which is more popular?” comes close to second. Remember that in Vegas, money is often the least problem. Therefore, buyers rarely settle for which is cheaper; rather, they go for that which is nicer.
To sum it up, there are three kinds of pictures about the real score in Las Vegas Real Estate Industry: One refers to those that are established, stable and successful early players; another refers to those who are new comers but are instant hits because of their location, price, luxury and name; and the rest are those that well, came late and as late bloomers claim that Las Vegas is on a downward spin.

Housing Setback in Southern Nevada

The housing market through Las Vegas is currently experiencing a setback, with some layoffs in real-estate related jobs. However, the setback, as explained by some analysts may not be far-reaching.

According to Don DelGiorno, president of KB Home's Nevada Division, they are adjusting to the market position. The market is strong and the job market is great. However, he pointed out that they needed some time to correct this current situation. KB, considered as the No. 1 Builder in Las Vegas is expected to fall short of last year's record.

Dennis Smith, president of Home Builders Research, said the layoffs are seen as normal scenario after an upside cycle of the housing projects. He said the excess of staff at this point resulted from the additional staff hired during the busiest cycle.

Washington Mutual, a home mortgage company with a large presence in Las Vegas, laid off 1,400 workers last week as part of their cost-cutting strategy. Nevada Title Co. has also cut its staff by 25 percent. The company experienced booming seasons in 2002 and 2003 and had employed 300 people back then.

Todd Hahn, Division Vice President for Pulte Homes, told about hearing of layoffs at other custom home builders. However, he informed that this has not happened to Pulte. Hahn said that the company would rather stretch the efficiency of the current staff, comprising 600 employees. According to him, there has been no department that he thinks they could operate without.
It is to be noted that the construction industry in Las Vegas comprises around 108,000 jobs. As construction has gone full swing on the later part of 2005, it is experiencing a slowdown at the recent months.

With a positive note, Director of the Center for Business and Economic Research at University of Nevada Las Vegas, Keith Schwer, said that the center's construction index is up 11.9 percent from a year ago. With this, stronger seasons in spring and summer could be foreseen.

Las Vegas Real Estate Market – after Gulf Coast Storm

Some displaced families from New Orleans may raise an added opportunity for the Las Vegas Valley real estate industry. This was after storm Katrina hit the New Orleans area, leaving around 200,000-plus homes beyond repair. Analysts pointed out that this could affect the availability and cost of housing in Las Vegas. It was projected that in two or three months, thousands of these displaced residents will find relocation in progressive markets such as Las Vegas.
These families will surely search for work availability, according to Joe Reel, an economist at the Nevada Department of Employment, Training and Rehabilitation.

The influx of labor could in effect boost affordable housing submarkets. In short-term housing or extended-stay hotels, business could become more alive at this point. Investors that still have houses they could not flip may finally find people interested to rents these units. These demands for housing could push the pricing a bit.

Steve Bottfield, an analyst at a company Marketing Solutions, pointed out that the relocation phase from Southeast to Southwest should last six to nine months, and then slacken as the rehabilitation and rebuilding at the Gulf Coast also create jobs. Some of these jobs would be in construction, which in turn would lessen the already tight supply of labor in the area. This scenario would make labor expensive. This projection though may just have a slight effect because, in past scenarios, rebuilding does not usually happen after a couple of years.

Projected effects on the prices for construction materials will also be varied. In the short term, costs of some materials will fall. Demand for concrete will see a decline due to canceled projects in the Gulf Coast. The storm also blew down thousands of trees which should be harvested quickly, which would mean, driving down lumber prices in the soonest time.

Las Vegas Real Estate: Bright signs ahead

There's more to Las Vegas than showgirls and lucky bets. And investors with foresight on the future on the changing landscape of Las Vegas' real estate see beyond the growth of casinos and gaming centers. Instead, they're cashing in on more functional and posh urban projects, like upscale hotels and shopping centers.

Newbie developers, along with some major real estate players, promise a fresh addition to the rows of malls as well as hotels along the bright Las Vegas Strip. Investment figures are on the rise, reaching at least $6 billion of the estimated $30 billion on hotel projects by new developers alone.

Experts are not at all surprised. With a favorable economy and investment climate, more are inclined to jump into the Las Vegas real estate wagon. In fact, developers who would not have come to Las Vegas two or three years ago are drawn to the place today, dropping hard-earned dough on land and property.

And resort operators and landowners in Las Vegas welcome the surge of investors. After all, a new mall or hotel would always mean an influx of tourist arrivals and yes, more reasons to stay for more than a weekend in Las Vegas!

On the other end, the city's established hotels are working overtime on marketing and customer loyalty programs, anticipating the opening of new and more upscale names, like Las Vegas' first W hotel which is a high-end hotel in Los Angeles, San Francisco and New York.

As for other brands, it's not going to be just any other Beverly Hills or Fifth Avenue brand. In fact, early blueprint of the projects unravel big names like Gucci and Armani.

And more of these cosmopolitan, Manhattan-like projects are underway. And yes, some might be finished sooner than expected. Developers are hoping to unfold exciting new hotels and malls along the colorful Strip by 2010.

Truly, real estate in Las Vegas is looking bright.

Top Three Don'ts When Buying a Las Vegas House

Are you the kind of buyer who commits common home-buying mistakes? If you want the best deals, follow these simple don'ts:

- Don't be a trigger-happy spender. Be sure you have a stable monthly income and you have a substantial amount in your bank; ut if you spend a large chunk of your money on a new and luxurious convertible about the same time, you won't have enough to pay for your monthly home mortage. Before you know it, you've wiped out a year's savings with a single impulse buy. The Las Vegas market is HOT but that shouldn’t effect your buying habbits.

- Don't trust your broker or seller with a "good faith deposit". Remember, you can never trust anyone too much, especially if it involves a huge amount of money like home down payment. For all you know, it eventuality might come up that the deal does not push through at all. Asking for a refund in such cases is often very difficult and worse, the seller or agent might have been tempted to spend the money thinking that final negotiations will go on smoothly.

- Keep your emotions in check. Be cool and collected during the entire home-buying process. It's likely to find something not to your liking during the open-house where you actually see every nook and cranny. But if the current owner refuses to do repairs that you wished done before you move in, don't argue or sound too desperate over it. In the real world, there's no such thing as a perfect home. There will always be a little bit of something that needs to be repaired and re-touched, so be reasonable. Don't let small stuff, like a little chip on the wooden stairway, keep you from owning a beautiful home. On the other end, don't be head over heels in love with the house to the point of spending more than its real value. If the repair would cost you half of the actual amount of the house, drop the deal and widen your options. You'll never know, there might be a better house just a block away.

Is it an all-time property buying opportunity in Las Vegas?

Real estate investment in Las Vegas, Nevada continues to post steady high growth compared to other states in the US because of the absence of personal or corporate state taxes on real estate investors. Resale homes are moving at a record high, and new construction of residential buildings eats up approximately 4 acres daily, government records show.

Zero taxes naturally entice businesses to relocate to the area, bringing more employment and higher wages.

Unemployment rate in Las Vegas remain one of the lowest in the US and real property continues to increase in value.

According to the the National Association of Realtors, the average sales price increased 7.3% in the entire US over the last twelve months. Las Vegas Valley property, meanwhile, has increased 20-60% in many areas in the same time period.

Houses in Las Vegas that sold as recently as November of 2003 for $190,000 are now sold for more than $300,000 in some areas. This may seem to be quite an increase, and Las Vegas real estate is still a good investment compared to the other metropolitan areas around the US.
Moreover, the strategy of transitioning from being the “Gambling” capital of the United States to the “Entertainment” capital is successfully bringing in more visitors to Las Vegas. It has increased tourism revenues substantially, prompting hotel and casino operators to place more emphasis on both adult and family entertainment.

The advent of mega-resorts in Nevada in 1976 is a conscious effort of hotel-casinos to become a full-blown destination resort for travelers, vacationers, gamblers, conventioneers, and all members of the family.

This strategy was adopted when in 1976, casino-style gaming was legalized in Atlantic City, N.J., thus making Las Vegas casino owners realize that Nevada could no longer claim exclusive rights to casinos. This hastened the beginning of another era for the Strip -- the mega- resort.

Mega-resorts in Las Vegas include the 3,049-room Mirage Hotel-Casino and the Grand Slam Canyon, an entertainment park.

The presence of these mega-resorts has caused continuously all time high economic and population growth in Las Vegas. Records show that more than 6,000 plus new families move to the Valley every month.

With the population growth and the influx of real estate investors from all over the US, the real estate market in Las Vegas is naturally experiencing an all time high buying mode.

Job growth prompts the rise of Las Vegas real estate

Las Vegas may be the gambling capital of the world, but this is no place to simply throw out hard-earned money on the gaming table. Truth is, this is also the place to earn and keep a living.
The ongoing rise of job opportunities in Las Vegas has its own domino effect on the city's real estate industry. Now, more job-hunters and those on a career change are headed for Sin City, hoping to land the job of their dreams or work with a better-paying company.

More individuals are lured to relocate to Las Vegas since 1990 when the city posted a remarkable job growth. According to Forbes Magazine, of the 25 cities with high job opportunities, Las Vegas landed sixth in the list. The most promising industry is the high technology services where the city bested all other big cities.

In the last decade, the Nevada workforce has increased by nearly 350,000 people and more than half of the newly-relocated companies in Las Vegas engage in technology and manufacturing businesses.

As a result, the construction industry remains in a booming state. The demand for residential, commercial spaces, resort and hotels has likewise soared, giving the city's real estate industry strong signs for growth.

It's estimated that around 6,000 individuals move to the city each month, a growing number as more and more jobs are created. In effect, residential construction has been valued at $2 billion annually and commercial construction exceeds that figure each year.

That being said, real estate agents, brokers and investors are benefiting big-time from the city's strong economy and growing job opportunities. Now, fresh graduates and young professionals are certainly on the mailing list, for they are likely to embark on a new career in Las Vegas.
Truly, this city that never sleeps is not just a city of luck. It's also a city of golden opportunities.

Internet as a Tool for Home Buyers – Survey Shows

IN recent survey by California Association of Realtors (CAR), the “2004 Internet Versus Traditional Buyer Study”, it has been noted that more than half of home buyers use the Internet as a tool in scouting out their ideal new homes. Is especially useful for markets like Las Vegas where new sales were booming and all eyes are on the city as the pace slows a bit.

It has also been cited that in comparison to the traditional buyers, Internet buyers spend careful time in the Internet evaluating the multiple choices of homes in their corresponding locations. But once they are able to minimize their search to a few choices, they move in faster, since they have initially taken much consideration prior to meeting the realtor and checking the homes.

This doesn't mean though that the realtors role in closing the deal has also diminished. These Internet buyers would still meet with their realtors to verify the information they have gathered and to ask whatever is necessary before they finalize their homebuying. The professional advise is still sought after making these purchases, since it entails considerable investment. They rely on the realtors to offer the needed guidance through the process.

With this survey, it has also been found that for the first time, more than half of these respondents are now classified as “Internet Buyers”. From 28 percent in 2000, it has steadily been climbing up to 56 percent in 2004. And in turn, those considered as “Traditional Buyers” have declined from 72 percent in 2000 to 44 percent in 2004. This clearly shows there is now a shift in the manner through which the buyers conduct most of their purchasing procedures.

With the Internet now heavily used as a shopping window prior to making any purchase of homes, the number of homes previewed has also dropped. The Internet has no doubt provided the Internet buyers a better preliminary review on the homes they like, in a faster way, before they act and buy the homes they like.

Investing 101: Finding the best deals in Las Vegas

For first time investors, the real estate industry is no walk in the park. In fact, countless times we hear them complain, "There aren't any good deals at all."

But those who've been in the business long enough to know the tricks of the trade know that there can hardly be any dearth of good deals, especially in a city like Las Vegas. It's just a matter of finding these deals in the right places and in the right ways.
So where and how do you start?

Go house-hunting. This may sound like another one of those business cliché that's straight off the book, but truth is, you can never find the best deals unless you go out of your way. Spend time to do field work like personally looking at properties and meeting owners before somebody else beats you to it. In other words, knock on doors, if you must.

Remember, other investors hate the idea of personally knocking on somebody else's door in the hopes of sealing a deal. This should give you all the advantages in the world. With less number of investors willing to do the dirty work, you're a mile ahead than the rest.

What should you do once the door is open? Throw in a sales pitch. But hey, be subtle about it. Instead of mentioning the word "foreclosure", simply tell them that you were doing a little research and found out that the property has some pending problems and that you'd like to help. By making it known that you're offering options and solutions, people will warm up to you instead of think of you as a greedy businessman.

Send out postcards and mailing lists. Don't limit yourself to owners whose properties are about to be foreclosed. Instead, be resourceful. For someone who has just been through divorce, a piece of land won through settlement may just be too tempting not to sell.

Things to watch out for in out of state investments

The birth of the Millennium has been a breakthrough for many investors since it was around this time that Real Estate investors soared high by means of investing on out-of-state properties. Investors flood in to areas of hot markets such as in the beachfront areas of Florida and in the cosmopolitan district of Las Vegas.

Many of those investors made it big until early last year. Before the end of 2005, however, their profits started to take a downward spin because of little things that they failed to oversee. They missed out on familiarizing their selves and designing their marketing approaches with the common norms of the states where they venture into.

Below are common shockers to look out for when investing an out-of-state property:

EXTRA EXPENSES
There are states that add up bulks of extra fees from registration of the business establishment to surveys to transfers to closures. Taxes also differ from state to state, so we must make sure we are aware of this before we start doing business at a certain state. It may be that one state has a hot real estate market but it also has high tax rates.

NO-LEASE POLICY
There are some Real Estate Developers and Homeowners Organizations that prohibits homeowners from leasing properties. It is every buyer’s responsibility to inquire about the existence of such policy as early as the property purchase phase. Bear in mind that ignorance excuses no one. So better be sure to read and understand the content of your contracts well.

CAPITALISM
Capitalism is the name of the game. Large corporations purchase bulk properties in a much lower price and they sell it again at a higher price to local investors. The result is, these smaller investors end up renting or buying a property at a price higher than its actual market value so the supposedly expected profits are decreased.

NO-SELL POLICY
Some investors have this policy prohibiting selling of properties for a specific period of time after it is purchased. This is not advantageous to the part of investors because in the event that the venture wouldn’t do well in the first few months, they will be forced to let it that way until the “no-sell period” expires. It is only then that they can pull out the investment and venture it to another.

HOUSE DESIGN: IT CAN MAKE OR BRAKE A SALE WHEN YOUR HOUSE IS ON THE MARKET

Too see is to believe.
We’ve bumped into this term time and time again; each single encounter is concluded with utmost agreement to the adage.

Real Estate, just like any other industry that has to do with sales, is about putting your product in its best shape in order for it to sell. In this industry, our main product is the building structure, in this case, the house.

Let's discuss tips on how to increase sales in just a short period of time by enhancing your products’ interior and exterior design.

BE OBJECTIVE
Personalize your designs by putting yourself into the buyer’s shoes. Make them feel at home and pampered; make them feel like they want to live there. Also, instill in them the feeling of luxury and comfort because clients are likely to pay more on properties that have sense of class and comfort.

HAVE AN EYE FOR DETAILS
Be meticulous when evaluating every little thing in the house--- from door knobs to ceiling moldings and the likes. Make sure everything contributes to the inviting feeling of the residence. Take note of the floor plan, the roofing, the front and back doors and whatnot. Be sure that accessories and furnitures compliment to the overall structure of the house. It must be set into a harmonious and calming mood.

BE SENSITIVE TO SPACE
Arrange furnitures in a way that it creates a wider and comfortable place. Set them in areas that are conducive for relaxation. Make sure every corner of the house is well-lighted and well-ventilated.

SPEND FOR REPAIRS
If something needs to be fixed or improved, don’t be afraid to spend for it. Never settle for less. Innovate. Style. Design. Breathe art in your product.

LAS VEGAS: The City that Many Proudly Call “Home”

For a lot of reasons, Las Vegas has been one of America’s top tourist destinations. From comfort to luxury, it is every wanderer’s guilty pleasure; every mortal’s Sin City. Often dubbed as the city that never sleeps, it provides a wide array of earthly indulgence 24 hours a day, 7 days a week.

If you’re one of the many who are giving thought to settling in Las Vegas, homes range from the modest single-family residences to posh bachelors’ and ladies’ pads to busy bees’ condominiums to million-dollar mansions and villas. Price varies from one hundred thousand to ten million, depending on the type, size and location of the property.

On the other hand, if you just want an investment property, commercial investments and business ventures are very much favorable in an area as dynamic and progressive as Las Vegas. Aside from casinos, real estate industries are the best to venture in, considering the bunch of tourists that visits the strip.

Unsurprisingly, Las Vegas’ signature non-stop activities are directly proportional to its non-stop economic growth as well. This little paradise in the desert offers the best of both worlds: It is not only a place to go to and gamble; it is more than that. It is a home to many, the city that “houses” everything we could ask for.

Casino
When we hear Las Vegas, the first picture we associate it to is that of blinking casino lights. True enough, this gambling zone is the core of Las Vegas economy. All other businesses have branched out from this tourist magnet. From small-scale slot machine centers to grand hotel-casinos, it is every gambler, tourist and local’s leisure haven.

Culture
Less known, yes, but this Nevada City is home to numerous museums, galleries, and cultural shows. And since casinos are the main attraction to tourists, they have made a way to promote their culture by beckoning casino lights. Nowadays, live entertainment and cultural shows are staged in many casinos along the strip.

Nature
Though basking in modern-day facilities, Las Vegas isn’t all about the glam of Moulin Rouge. It also takes pride on being a desert paradise. It is a very good place for hiking and biking.

Food
Lady Luck’s City is a melting pot of culture, being a year-round host of tourist from various parts of the globe. Because of this, restaurants around the city are designed to cater to all kinds of visitors, hence, the wide choices of cuisine types available.

IT’S GETTING HOT IN HERE

The Real Score on Why Real Estate is a Good Investment in Las Vegas

The big question: Why, of all places in the United States are more and more people choosing to settle down in Las Vegas?

This question has been what people were gushing about lately after a survey came out, stating that Nevada, Las Vegas in particular, is the new home for the retired population. Records showed that since 1995, Nevada has slowly been surpassing the elderly migrant rates of Arizona and Florida, two of the most famous migratory states of retirees aged 65 and above.

There is an average of 5000 people that relocate to Las Vegas every month. This includes both migrants who choose to settle down in Las Vegas, and businessmen who wish to invest in the city. In fact, the local phone directory is reprinted twice a year to accommodate the new residents who are moving in.

Basing on this statistics, several possible reasons were then enumerated:

Economy
What else could better reason than an attractive economy? Understandably, residents would normally flood to where there is progress and stability. In Vegas, tourism alone is reason enough to claim that they have continuous economic growth. Add to this the amount of money made by two of its most famous tourist attractions: Casinos and Wedding Chapels, no doubt Las Vegas is the place we all want to gamble our gold.

Taxes
In most progressive cities, their riches are coupled with one difficulty: they require big taxes. But this is not the thing in Las Vegas. Their tax level is lower than any other city with approximately the same land area as that of Las Vegas. This is an obvious advantage which makes the the city far more appealing.

Climate
Since the climate is warm all year round, the city is very suitable for the elderly population. Although it gets a little bit hotter in dry seasons, almost all establishments and vehicles are air conditioned, so weather is the least problem for locals and tourists alike.

Cost of Living
Since there are lesser taxes, the cost of living is relatively low too. Therefore, there are more and more people who are likely to maintain healthier and better lifestyles without having to pay a fortune.

Housing
Cognizant of the fact the Las Vegas is the new haven for the elderly population, home builders have specifically designed retirement villages to suit the housing needs of retirees. These communities are goaled towards providing the aging population the chance to pursue an active and productive lifestyle. They offer amenities such as fitness centers, recreation parks and sport complexes. Developers see to it that the elderly population will remain as a productive and valued part of the community.