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Las Vegas Market Survey
2008-01-15 07:04:00
surveys - Take Our Poll
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BEARS BEWARE - The Tide Is Changing
2008-01-08 19:03:00
Bush convenes Plunge Protection Team GREAT NEWS!!!!Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office. The black arts unit - officially the President's Working Group on Financial Markets - was created after the 1987 crash.
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FOX and Sean Hannity Run From Ron Paul Supporters — Literally
2008-01-08 05:49:00
I laughed so hard when I saw this video, I had to share it with my fellow bloggers.Sean Hanity, Of "Faux News" really had to walk fast to get away from the spirited supporters of Ron Paul . Could'nt have happened to a nicer guy.
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Las Vegas Real Estate Update
2008-01-04 22:22:00
***As of the morning of January 3rd, 2008: There are 24,639 listings in the MLS, of them 4,138 are short sales and 704 of them are vacant. There are 997 contingents and 256 of them are short sales. There are 1,405 pendings and 76 of them are short sales. Yesterdays additions were 193 listings, 33 of them were short sales and 6 are vacant. There are 18 new pendings and 0 of them are short sales and the average days on market was 120.88 days.*** VIVA LAS VEGAS!Las Vegas Review-Journal POPULATION OF 2.56 MILLION: Silver State again No. 1 2.9 percent growth rate propels Nevada By HENRY BREAN REVIEW JOURNAL After a one-year hiatus, Nevada has regained the title of fastest-growing state in the nation, according to new Census Bureau state population estimates released today. Nevada returned to the top spot with a 2.9 percent growth rate that pushed the population to more than 2.56 million in the year ending July 1. Nevada held that title for 19 years in a row before being bumped off...
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Home prices post record annual drop
2007-12-26 20:02:00
By Richard Leong NEW YORK (Reuters) - Prices of existing U.S. single-family homes recorded their biggest annual drop in October, suggesting the housing slump is far from over, a national home price gauge released on Wednesday showed. The Standard & Poor's/Case-Shiller year-over-year index of 10 metropolitan areas fell to 209.68 in October, down 6.7 percent from a year earlier. The decline surpassed the 6.3 percent drop in April 1991."No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim," said Robert Shiller, chief economist at MacroMarkets LLC, in a statement.The firms' newer, composite home price index on 20 metropolitan areas declined to 192.89 in October, down 6.1 percent from a year ago.On a month-over-month basis, both indexes lost 1.4 percent in October compared with September.The bleak housing data spurred more selling in stocks, which were already under downward pressure on worries over weak Christmas t...
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The U.S. Media Cannot Ignore Ron Paul Any More....
2007-12-25 20:42:00
Very rarely have I ever been moved by a Position from a presidential candidate with integrity as Ron Paul has demonstrated. I am so excited to see America rally behind this man and sincerely hope the movement keeps going forward. Long Live Ron Paul!
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HOT DEALS
2007-12-25 20:27:00
ViewLasVegasRealEstate.Com-Hot Deals!!!Henderson Homes From 188,900 Just What You Were Looking For! Check These New Homes for Sale! WOW!What A Deal! cLiCk hErE fOr CrAzY Savings! Pre-Construction DealsRecently, have you heard about the "$500.00 Down Moves You In, First Time Home Buyer program?"

Las Vegas Relocation
2007-12-22 18:19:00
Las Vegas Relocation Better known through out time as "Sin City", Las Vegas is much more then that. With thousands of new residents a month moving here per month, Las Vegas is a growing city with a thriving industry, tax breaks, schools, and hospitals sprouting up to support our increasing communities. Relocating to Las Vegas can be frustrating and stressful especially if you don't know anyone and have never been here except to vacation. If you are thinking of relocating to our wonderful city, and are looking to purchase a home, please feel free to contact me, Steven Harless at (702) 217-1680 and I will be glad to assist you with your relocation plans.Just before your scheduled upcoming move, click on the links belowto get a head start on organizing your move and for helpful tips to relocate your familyLas Vegas.Las Vegas Relocation Las Vegas High Rise Condos Las Vegas Homes For Sale Las Veg...
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Housing Shortage In Las Vegas By 2009?
2007-12-12 20:21:00
"The Southern Nevada Home Builders Association released a report this week which forecasts a shortage in available housing by as early as 2009...The study, conducted by Applied Analysis, found that the 2008 residential housing market will likely remain soft...However, major Strip construction projects set to open in 2009 and 2010 will create a need for thousands of new jobs, which will strongly impact housing availability."
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Home Price Drop Biggest in 25 Years
2007-12-08 17:30:00
Declining home prices have triggered a crisis in mortgage lending by revealing weaknesses across hundreds of thousands of loans made through the U.S. housing boom. Loans made to risky, subprime borrowers and those that required no equity from the borrower have led to soaring defaults, leading lawmakers and the Bush administration to pursue various efforts to stall resulting foreclosures.
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Median Home Price Trends
2007-12-06 20:25:00
Median Home Price Trends This chart shows the current median single family home price in LAS VEGAS. Real estate market research begins with price trends. Watch this report each week to discern trends before you can read about them anywhere else. Subscribe to the Market Intelligence Details report for LAS VEGAS for weekly city-wide and neighborhood trends, and Quartile trends for different price points in the market. Median Price as of December 02 2007 for LAS VEGAS is $321k.Market Action Index We developed the Market Action Index for at-a-glance real estate research. The Index is a barometer of real estate supply and demand. A value above 30 indicates demand is relatively robust, we call that a Seller's Market. Below 30 is a Buyer's Market. Also use the long-term trends as a leading indicator for prices. When markets fall persistently into Buyer's territory prices will likely follow. Subscribe now to see how the market's price Quartiles are faring. Median Market Action Index as ...
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First Time Home Buyers!
2007-12-01 21:09:00
Now is the time to take special advantage of the new home or resale market in Las Vegas. There are first time homebuyer loan programs that I can put you in access to that can move you in for as low as $500.00 & assist you with the down payment of up to $10,000!!!You can literally save $50,000 to $100,000 dollars on new & resale homes by using my services. Call 702-217-1680 to get started TODAY!!!Please allow me to introduce myself. My name is Steve Harless and I am with the Sullivan Group at Realty World Luxury Home s. Whether you are just in the preliminary stages of gathering information or you are ready to preview properties I can help. I work with a team of professionals and we work directly with the builders to find you the best value. If you prefer to preview re-sale homes we also have a database of over 20,000 homes and from that we can email to you your specific preferences. Our services are FREE to you as a buyer. It is important to have a buyer...
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Housing Prices Dropped by Sharpest Rate in Index's 21-Year History
2007-11-27 17:29:00
November 27th, 2007 8:24 AMBy J.W. Elphinstone, AP Business Writer S&P Says 3rd-Quarter Housing Prices Dropped by Sharpest Rate in Index's 21-Year History NEW YORK (AP) -- U.S. home prices fell 4.5 percent in the third quarter from a year earlier, the sharpest drop since Standard & Poor's began its nationwide housing index in 1987 and another sign that the housing slump is far from over, the research group said Tuesday. The index also showed that prices fell 1.7 percent from the previous three-month period, the largest quarter-to-quarter decline in the index's history. The S&P/Case-Schiller quarterly index tracks prices of existing single-family homes across the nation compared with a year earlier. A separate index that covers 20 U.S. metropolitan areas dropped 4.9 percent in September from a year earlier, with 15 metro areas posting declines. Only five metro areas -- Atlanta, Charlotte, N.C., Dallas, Portland, Ore., and Seattle -- showed an increase in prices, but S&P noted tha...

It seems like things are picking up here in Las Vegas!
2007-11-25 02:55:00
Its about time.... after a lackluster summer things are finally going well again. As A realtor, I have not been this busy since June of 2006. People are moving from california it seems in droves. guess the fire(s) had something to do with that as well. High rise condos are starting to heat up! I saw a unit 2 months ago that was 499k reduced recently to 360K!!! WHAT A DEAL! That unit was on the 14th floor of the SKY High rise. Of course the upper end of Las Vegas keeps on selling. I think it is harder to sell a 200k property then a 600k property. I just had one of my listings get an offer that was orignally listed at 675K. I had it on the MLS for 3 months with no movement. As soon as we reduced it to 619K, we got our first offer at 570K.Currently the offer is at 580k. Feels good to see people buying again. I also did a search for condos in the 89144 area for 1 bedroom downstairs with an attached garage, and only found 1! Yikes...the squeeze is on. enjoy your weekend.Steve
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Is buying home today a good investment?
2007-11-06 16:57:00
Answer depends on whether goals are short- or long-term By Dian HymerUp until the recent slowdown, homeowners in many parts of the country saw the value of their homes rise rapidly. Home prices, in many areas, seemed to move in just one direction: up.
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How I Survived Cancer.... By Las Vegas Realtor Steve Harless
2007-10-31 18:45:00
How I Survived Cancer ....After a what seemed to be a routine tonsilitis operation, I could not understand why the Doctor had called me back to his office so soon. Little did I know that I was in for the surprise of my life. Yet, today, I can still hear the words echoing out of the doctor's mouth. "Steve , You have cancer of the throat, and 8 jellybean sized cancerous tumors in your lymph nodes in your neck" cut and dry. Just Like THAT he uttered these words: You have a year left to live.That is when the tears started to flow and the reality set in that I have CANCER!That being said, My Cancer drama started Feb 26, 2007. At the time, I recall how calm I was. That of course would soon change as a mirage of scenerios went through my mind. Then I went about asking the doctor, "So, How do I beat this thing?"This smug Doctor, with no compassion and concern in his voice at all for my personal welfare, (at the time I had no insurance) said: Well, you will need a radical neck dissection...
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Las Vegas Condos Foreclosures
2007-10-31 04:55:00
Recently, there has been a large number of foreclosures for sale in Las Vegas . If you are interested in purchasing a forclosure for investment, or to live in, feel free to send your requests to Las Vegas Realtor [Steve Harless] or call direct at 702-217-1680.click the image below to view a great selection of reposessionsTogether, we can find what you are looking for, and in a short amount of time.If you're looking for a Las Vegas Foreclosure homes, our services are... * FREE To You, The Buyer * Simply Tell Us What You Are Looking For! * We Will Search Our MLS Database and Conveniently Email The Pictures To You! * No Need To Drive All Over Town. * Have The Pictures of Homes Sent To You! * It's Fast And Easy! * Makes Buying Quick And Easy. * Our Service Is...once again FREE. Just Tell Us your Preferred Area, # of Bedrooms, and Price range and your Time Frame to buy -- and we'll send you pictures FREE!Call 702-217-1680Steve HarlessRealty World Luxury Homes 6131 S. Rainbow Blvd., Las...
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Southern Calif. home sales plunge 30 pct in Sept
2007-10-17 04:59:00
Tue Oct 16, 2007 3:33pm EDT More Business & Investing News... By Jim ChristieSAN FRANCISCO (Reuters) - Sales of houses and condominiums in the most populous Southern Calif ornia counties fell 29.9 percent from the previous month and 48.5 percent from a year earlier, DataQuick Information Systems said on Tuesday.The report covers the counties of Los Angeles, Orange, San Diego, Riverside, San Bernardino and Ventura and showed a total of 12,455 new and existing homes and condos sold in Sept ember, the lowest since the company began recording the data in 1988.
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3 Largest Banks Team on Rescue Fund
2007-10-16 16:14:00
Monday October 15, 8:11 pm ET By Joe Bel Bruno, AP Business Writer Nation's Three Largest Banks Team to Create a Rescue Fund of Sorts NEW YORK (AP) -- The nation's three largest banks said Monday they are teaming up to create a rescue fund of sorts -- potentially as large as $100 billion -- to help bail out troubled global credit markets.Citigroup Inc., Bank of America Corp., and JPMorgan Chase & Co., at the prodding of the Treasury Department, will buy distressed debt from markets roiled during the summer's financial crisis. The joint effort is the result of more than a month of talks mediated by the government.The plan is designed to inject more confidence into the market and increase investor appetite for the short-term debt known as commercial paper. The market for commercial paper, which is crucial for companies to fund short-term borrowing needs and which has historically been considered very safe, locked up this summer.That followed a crisis in the mortgage industry, as p...

KB Home: No signs the market is stabilizing
2007-09-28 04:22:00
Good morning. News item from Reuters via CNBC: KB Home reports a third-quarter loss and says it sees "no signs that the housing market is stabilizing. "KB Home Thursday posted a fiscal third quarter loss, as the U.S. home market suffered a deepening decline in demand, a swelling supply of homes for sale and tighter standards in the mortgage market." From the press release: Jeffrey Mezger, president and chief executive officer: "The oversupply of unsold new and resale homes and downward pressure on new home values has worsened in many of our markets as tighter lending standards, low affordability and greater buyer caution suppress demand, while higher foreclosure activity combined with heightened builder and investor efforts to monetize their real estate investments boost supply. The negative impact of these conditions on our selling prices and gross margins prompted us to take substantial write-downs of inventory and goodwill in the third quarter. At this time, we see no signs that...
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Housing Market Stabilizes In August
2007-09-11 03:53:00
LAS VEGAS -- Statistics released Monday by the Greater Las Vegas Association of REALTORS® show that local home prices remained stable during August . The statistics also show a slight increase in the sale of single-family homes.GLVAR representatives said the statistics show the total number of homes on the market beginning to level off with a slight decrease in the availability of condominiums and town homes listed for sale. GLVAR President Devin Reiss said this month's statistics reinforce the association's belief that the current housing market presents opportunities for people "who are serious about buying a home here.""We continue to have historically low mortgage interest rates and a strong local economy with job and population growth that is the envy of the rest of the country," Reiss said. "If you're serious about buying a home, now may be the best time to act."This month's GLVAR statistics include activity through the end of August. The association distributes such stati...
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New $101 million Pepsi plant under construction
2007-09-02 01:27:00
New $101 million Pepsi plant under constructionBY TONY ILLIAPepsiCo, the global soft drink giant, is building a new $101 million production and bottling facility in the southwest Las Vegas Valley. The two-building, 427,000-square-foot complex is located near the northeast corner of Rainbow Boulevard and Sunset Road, adjacent to the 215 Beltway. Situated on 35.2 acres, the custom-built facility will feature three production lines as well as warehouse and distribution space.Construction is scheduled to finish in November followed by installation of the high-tech processing equipment. The new facility is expected to start producing and distributing soft drinks and bottled water by summer 2008. Lexington, Ky.-based Gray Construction Co. is the design-build general contractor, with Gerald A. Cox & Co. of Virginia Beach as architect. Denver-based Conception to Reality Inc. is providing design, procurement and management of the processing equipment.The facility, which will create 34 full-t...
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New $101 million Pepsi plant under construction
2007-09-02 01:27:00
New $101 million Pepsi plant under constructionBY TONY ILLIAPepsiCo, the global soft drink giant, is building a new $101 million production and bottling facility in the southwest Las Vegas Valley. The two-building, 427,000-square-foot complex is located near the northeast corner of Rainbow Boulevard and Sunset Road, adjacent to the 215 Beltway. Situated on 35.2 acres, the custom-built facility will feature three production lines as well as warehouse and distribution space.Construction is scheduled to finish in November followed by installation of the high-tech processing equipment. The new facility is expected to start producing and distributing soft drinks and bottled water by summer 2008. Lexington, Ky.-based Gray Construction Co. is the design-build general contractor, with Gerald A. Cox & Co. of Virginia Beach as architect. Denver-based Conception to Reality Inc. is providing design, procurement and management of the processing equipment.The facility, which will create 34 full-t...
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Dick Pacific Construction Co, LTD and the Developers of Pinnacle Las Vegas
2007-08-30 23:18:00
PITTSBURGH--(BUSINESS WIRE)--DICK PACIFIC CONSTRUCTION CO, LTD a subsidiary of the 85 year old Dick Corporation of Pittsburgh, PA and PINNACLE LAS VEGAS, LLC have entered into a joint-venture agreement to complete development, construction and eventually operate the 1,100 unit, $740 million condominium-resort project known as PINNACLE on 12 acres situated less than two miles from the famed Las Vegas Strip and adjacent to the Orleans Casino/Hotel and Arena.The idea for the project was originally conceived in 2004 by the Falconi Group of Pittsburgh, owners of the land, and was further developed with the help of several Las Vegas and Pennsylvania real estate developers. Pinnacle will feature two 36-story towers connected by unique “sky bridge” suites. The plans call for nine spacious floor plans - all with balconies, including 31 pool-side bungalows, restaurants, boutiques, a unique hibiscus-shaped pool, cabanas, as wells as a full service spa and fitness center.Dick will essential...
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What's Happening, Vegas?: Is Now The Time To Buy Las Vegas Real Estate?#lin
2007-08-30 20:35:00
What's Happening, Vegas?: Is Now The Time To Buy Las Vegas Real Estate ?#links#links#links#links#links#lin ks
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The Unbloody Streets of Las Vegas
2007-08-29 15:51:00
The Unbloody Streets of Las Vega s by Doug French The temperature has been especially hot this year in Las Vegas. Day after day, by late afternoon thermometers hit 110 degrees or more. For those of us who have been here a while, we may be annoyed, but resign ourselves to dealing with the dry heat, and congratulate ourselves for not having to shovel snow in the winter. For the 200 people per day that move here the heat is shocking: especially for the 35 percent that move in from temperate California. There is no lonelier day than the day a person moves to Las Vegas in the summer: a glaring sun, oppressive temperature, and a rental truck full of furniture that must be toted to an upstairs apartment from a parking lot a football field away, and no new neighbors offering to help. Las Vegas doesn't start easy for anyone, and for some it gets no better. A few years ago a study found Sin City one of the top five most stressful cities in the United States, with the highest suicide and divor...
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Home Sales, Factory Orders Up in July
2007-08-25 04:31:00
August 24, 4:40 pm ET By Jeannine Aversa, AP Economics WriterPositive Commerce Department Reports Suggest Economy Was Stable Before Credit Crunch WorsenedWASHINGTON (AP) -- New-home sales turned up and factory orders soared in July , suggesting the economy was on stable footing before a credit crunch took a turn for the worse.The Commerce Department reported Friday that sales of new homes rose 2.8 percent to a seasonally adjusted annual rate of 870,000 units. The increase came after a 4 percent drop in June.Another report from the department showed that orders placed with factories for big-ticket goods jumped 5.9 percent in July, the most in 10 months.The latest batch of economic news was better than analysts had expected. They were forecasting home sales to fall and calling for a much smaller, 1 percent gain in factory orders.On Wall Street, the reports cheered investors who have been consumed by worry in recent weeks about the country's financial health amid spreading credit troub...
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Persian Gulf Group Investing $5 Billion With MGM
2007-08-22 17:15:00
LAS VEGAS, Nev. -- MGM Mirage is pursuing a long-term strategic partnership with the investment holding company Dubai World, including a joint venture for CityCenter.The deal involves a roughly $5 billion investment from the Persian Gulf holding company, according to MGM officials. That includes $2.7 billion for the sprawling CityCenter hotel project in Las Vegas and up to $2.4 billion in purchases of MGM Mirage common stock.The deal will give Dubai World a minority stake in MGM and will also give it a 50 percent equity in CityCenter, with MGM retaining the rest. MGM also has the opportunity to receive an additional $100 million from Dubai if it completes the project on time and on budget.MGM will remain CityCenter's developer and will be paid an unspecified management fee by the joint venture to operate the development's casino, retail space and condo-hotel tower. CityCenter site on 76 acres on the Las Vegas Strip. It is slated for completion by 2009.
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U.S. Foreclosures Rise Sharply in July
2007-08-21 16:31:00
APU.S. Fore closures Rise Sharply in July Tuesday August 21, 8:19 am ET By Alex Veiga, AP Business WriterU.S. Foreclosures Rise Sharply in July With Nev., Ga. and Mich. Accounting for Highest RatesLOS ANGELES (AP) -- Foreclosure filings rose 9 percent from June to July and surged 93 percent over the same period last year, with Nevada, Georgia and Michigan accounting for the highest foreclosure rates nationwide, a research firm said Tuesday.The filings include default notices, auction sale notices and bank repossessions. The figures are the latest measure of the ailing housing market, which has seen defaults and foreclosures soar as financially strapped borrowers have failed to make payments or find buyers.In all, 179,599 foreclosure filings were reported during July, up from 92,845 in the year-ago month, according to Irvine-based RealtyTrac Inc.A total of 164,644 foreclosure filings were reported in June.The national foreclosure rate in July was one filing for every 693 households, th...

A Great Selection of Las Vegas Homes For Sale
2007-08-17 02:32:00
This Home Has Bragging Rights! - What a Keeper!!Location: Las Vegas , NVList Price: $285000Bedrooms: 4 Bathrooms: 2.5The Perfect Place!! Only In Las Vegas!!!Location: Las Vegas, NVList Price: $359000Bedrooms: 2 Bathrooms: 2Must See!! - Bella Vita Condo - The Strip Is Just Blocks AwayLocation: Las Vegas, NVList Price: $155000Bedrooms: 1 Bathrooms: 16630 Caporetto Lane - North Las Vegas, NV 89084Location: Las Vegas, NVList Price: $227000Bedrooms: 2 Bathrooms: 26790 Frances Celia AvenueLocation: Las Vegas, NVList Price: $260000Bedrooms: 3 Bathrooms: 25655 E. Sahara AveLocation: Las Vegas, NVList Price: $158000Bedrooms: 2 Bathrooms: 2Southwest Pre-Construction Homes Starting In The 190,000'sLocation: Las Vegas, NVList Price: $197090Bedrooms: 2 Bathrooms: 27735 WILLOW COVE CRLocation: las vegas, NVList Price: $779999Bedrooms: 4 Bathrooms: 3What A Deal!! - Price Reduced $37,000 - 7313 COGBURN STLocation: Las Vegas, NVList Price: $278900Bedrooms: 3 Bathrooms: 2.5Bank Owned Propert...
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