Summerlin spurs the growth of College
The Community College of Southern Nevada has grown along with the master-planned community. Opened in 1999 the college has more than 1500 students attending each semester taking a variety of courses. There are more 17 associate degree and seven certification programs being offered to meet the diverse interests of the Summerlin community.
Located in The Arbors village the college offers Summerlin residents a chance to pursue additional educational opportunities right in their own neighborhood. It offers an opportunity to the residents of Summerlin to keep upgrading their skills and making a difference to both their own life and that of the community.
Summerlin, the master planned community is a self-contained community with all facilities offered within the development. Once you into Summerlin you don't have to step out for anything. The master planned development has planned facilities for almost every need of the residents of the place including more than 100 parks, more than 100 miles of trails, houses of worship, shopping centers, medical facilities, cultural facilities, and business parks.
Las Vegas home market report
According to the 2004 numbers appreciation in Las Vegas was reported to exceed 50% in certain areas and reported to be above 35% for the entire market. One point to keep in mind is that what happened in 2004 is not going to repeat itself in 2005. While in January/February there 12-15% appreciation for the Las Vegas market.
Appreciation that is in double digits is wonderful in any market and you could upto 20 times your return on investment if leveraged correctly. But this sort of growths can not expected every year.
Talking of real estate bubble for Las Vegas market has become quite the fashion.
Though salaries remain relatively the same, housing is becoming a much larger percentage of the cost of living in many metropolitan markets. As many baby-boomers reach retirement age combined with a longer life expectancy more and more of them are looking for second / vacation homes and the demand remains high from this segment.
Evolution of Las Vegas
In the pre-historic times southern Nevada was a swampy marsh and covered with vegetation. Rafael Rivera became the first non-Indian to set foot into Las Vegas valley in 1830.
Las Vegas was earlier known as Vegas. Las Vegas means “meadows” in Spanish.
Around the time of the World War II Las Vegas started growing into a major resort town. The building boom triggered by the El Rancho Vegas hotel casino in the late 1940. The casino was a major success during that period. Several hotels and casinos on the two-lane highway between Los Angles and Las Vegas started coming up.
In 1950 a building boom swept Las Vegas and resort building accelerated. In 1955 the Rivera hotel became the first strip high rise. Racism was much prevalent in many part of the city and blacks were not welcomed at the strip casinos. The Moulin rouge, owned by heavy weight champion Joe Louis was frequented by all races and was especially built for the black population who were becoming sizeable chunk of the population.
