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Las Vegas, Nevada Real Estate Agent Real Estate Bl

Las Vegas, Nevada Real Estate Agent Real Estate Bl
Web Log about Las Vegas, Nevada real estate, including homes, condos, high-rise condos land and industrial commercial real estate. I discuss Las Vegas residential and commercial real estate news, market statistics reports and investment properties. P

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Mortgage rates are lowest since 2004 as Fed cuts rates by 1.25% in eight da
2008-01-31 05:05:00
According to Freddie Mac’s survey last week, the average rate for a 30-year fixed mortgage was 5.48%. This is one of the lowest rates since 2004. Furthermore the Fed has cut rates by 1.25 percentage points in eight days, and has lowered the target for the federal funds rate to 3%. It is possible that the mortgage rates will come down more. The federal funds rate is the interest rate that the Fed or other banks charge for overnight lending to another bank. Fixed-interest mortgage rates are set by markets and are based on long-term money rates and not short term rates and a 1.25% cut in the Fed rate does not necessarily lower fixed mortgage rates by 1.25%. However, lowering Fed rates can certainly have some effect on the mortgage rates. When the Fed rate drops, it lowers 30-year Treasury Bonds yield and the LIBOR rate. These are two of several benchmarks that are used to set mortgage rates. Also, when the funds rate is low, banks can charge lower interest on their loans and stil...
More About: Mortgage , Rates , Cuts

Why Las Vegas real estate?s future in three to five years is so bright, you
2008-01-25 04:34:00
America loves hyping snapshots, and all the news and pundit?s discussions of it are focused on such events of the moment. The problem is that a snapshot is a picture of a moment and misses the big picture and long term trends. Same hype resulted in the irrational exuberance of 2003-2005 in Las Vegas real ...
More About: Estate , Las Vegas Real Estate , Las Vegas Homes , Las Vegas Condos

Why Las Vegas real estateâ€™s future in three to five years is so bright, y
2008-01-25 04:34:00
America loves hyping snapshots, and all the news and punditâ€™s discussions of it are focused on such events of the moment. The problem is that a snapshot is a picture of a moment and misses the big picture and long term trends. Same hype resulted in the irrational exuberance of 2003-2005 in Las Vegas real estate and momentary doom and gloom about the same. In the huge run up in prices in 2003-2005 I kept asking the same question, why the prices are going up at such breakneck speed. The answer was three fold: 1: US is the wealthiest country in the world, where mountains of cash are ready to be invested, except that in this country they have really four places to go, stock market, bonds, real estate, and funding new businesses. Â The stock market and new businesses field the investors, thus the money is poured in to real estate and bonds. 2: Las Vegas real estate at the beginning of 2003 was undervalued, so some of the correction in the prices was justified. 3: Greed. Sellers were c...
More About: Future , Real , Bright , Years

Las Vegas median home price statistics, to believe or not to believe, concl
2008-01-24 03:47:00
As I stated in the last blog post, it is not helpful to make a decision on buying a Las Vegas or Henderson home based on the median and average prices, or the newspaper articles which base their “expert prediction” on these numbers.Â As I stated before, expert predictions are based on sold prices and show the market reality of a few weeks to a few months ago. As for the future, I can easily predict what these experts will say in a few weeks, the market has gone down further by another 3% to 5% based on today’s asking prices by sellers and working in a discount due to fact that it is a buyer’s market. Â Â Please take look at the market snapshot for Glengarry . As you can see the asking prices for model 2462 at this time is about $295,000 and the sold prices will be lower by $10,000-$20,000.A purchase worth noting is 2830 Kinknockie Wy. This home was purchased for $241,000 in Dec-2007. Even at the current selling prices which are about $280,000 for the model 2...
More About: Home , Statistics , Price

Las Vegas median home price statistics, to believe or not to believe, that
2008-01-08 04:27:00
The median and average Greater Las Vegas residential pricing and expert predictions which are built up on these numbers are akin to someone saying that the median or average price of food items in a Super WalMart are $3.45. What does that number tell you? Does it tell you what the price of a gallon of milk or a pound of prime rib is? Or that if the average prices go down to $3.35 that a gallon of milk and a pound of prime rib will go down by ten cents?Â Absolutely not, and the same applies to the Las Vegas median price; all it tells is that the median or average of the aggregate properties which are sold at a period of time is X dollars. In order to explain this better I will use Glengarry, a neighborhood at the southern tip of Anthem Highlands in Henderson, Nevada. This neighborhood had sold most of the homes in 2005-early 2006, and some have been resold. In order to compare apples to apples, I have chosen Model 2462 in Glengarry which are sold in 2006-2007 and have placed the ML...
More About: Home , Statistics , Price

Back to blogging. Is this a good time to buy Las Vegas real estate?
2008-01-03 22:48:00
Welcome to my new version of Las Vegas Real Estate Agent?s blog, this is the blog arm of Las Vegas homes, condos, land, industrial and commercial real estate; which along with our web-site and forum compromise a fully interactive Las Vegas real estate educational system. Having a home of their own is everyone?s dream and due ...
More About: Las Vegas Real Estate , Real Estate , Time

Back to blogging. Is this a good time to buy Las Vegas real estate?
2008-01-03 22:48:00
Welcome to my new version of Â Las Vegas Real Estate Agentâ€™s blog, this is the blog arm of Las Vegas homes, condos, land, Â industrial and commercial real estate; Â which along with our web-site and forum compromise a fully interactive Las Vegas real estate educational system. Having a home of their own is everyoneâ€™s dream and due to the foreclosure fiasco many decent, hard working people have seen their dream go up in smoke and become unreachable in the near future. Killing dreams is evil and I decided to combat it through the only way possible, enlightenment and education. In the beginning of 2007 I had two choices: 1: Representing customers in their real estate transaction with the full knowledge that the prices are going down rapidly and that we would make money at my clients cost. 2: Advise our clients that they should not buy at the present time and spend my time developing a world class, fully interactive online real estate system that educates real estate buyers and sel...
More About: Las Vegas Real Estate , Real Estate , Time

Lessons to Complete a Successful Real Estate Transaction and Avoid Foreclos
2007-10-19 00:54:00
Day after day I look at the FORECLOSURE REPORT OF SOUTHERN NEVADA (CLARK COUNTRY) and see one home buyer after the other lose their nest egg along with their one shot at home ownership. Boy, if there are losers these are the people. Â I am not being disrespectful, what I mean is, these people have already lost their down payment and all their mortgage payments, their credit has gone up in smoke and it will take many years, if ever, for them to realize their dream of home ownership. Why is this happening? There has not been any catastrophic economical down turn like the great depression, at least Las Vegas economy is humming along just fine, there has been no great layoffs, corporations arenâ€™t filing bankruptcy left and right. Then why have we ended up here? Well, I will tell you; the reason is that most people look at buying their home as a singular act and not a process. They think that, looking for and locating a house or condo which they believed they could barely afford (evide...
More About: Estate , Real Estate , Real , Lessons , Complete

My visit to SKY Las Vegas which is a Las Vegas High-rise condo project
2007-09-21 04:57:00
As promised I will add Las Vegas high-rise condo pages to my web-site. Today I visited Sky Las Vegas. Sky Las Vegas is the first residential high-rise condo on the Las Vegas Strip. The models are on the 31st floor.Â From the balcony I could see construction activities for Echelon project which is Harrahâ€™s answer to MGMâ€™s CityCenter. At this time they are moving dirt around and preparing the land. Fountainebleau is quite a bit further along and 4-5 floors have already been constructed. I keep being impressed by the sales staff of these high-rise condo projects and this one was no exception. I want to give real information about these condo projects to my customers like HOA (home owner association) fees which run about 42 cents per square foot for Sky Las Vegas. Each resident gets one parking spot and there is unlimited Valet parking. I have not seen the above information in other sites which I visited. I am using a grading system for these high rise projects. You can read about...
More About: Project , Condo , High , Visit

My problems with hackers and spammers.
2007-09-18 04:53:00
I have not blogged in the last few days and the reason is that my web-site and blog are under constant attack by hackers and spammers from a range of web-sites, including adult-sites, online pill-pushers and Florida vehicle and vehicle related web-sites. Funny, one of the biggest spammers is a web-site which offers legal advice to the victims of vehicle accidents. If people only knew what kind of scum they get their legal advice from. Notice I have not used other synonyms for vehicle since that is how they find their victims, by Googling the other synonyms. In order to fight this I have to take many steps which I canâ€™t discuss here since a great deal of attacks are prompted by my web log. I hope you excuse some delays which could not be avoided while I go through growing pains. Enough said.
More About: Problems , Hackers , Spammers

How are my Las Vegas real estate web-site, Las Vegas homes, condos land and
2007-09-13 04:49:00
How are my Las Vegas real estate web-site, Las Vegas homes, condos land and commercial real estate and its companion blog performing in Google search results pages? Rocketing to the top!! This the concluding article in the series. Why and how this blog and its companion web-site Las Vegas homes, condos and commercial real estate came to be. This is a lesson in life, business, planning and execution It takes time for a web-site to come up in the search engine results and my web-site is less than 2.5 month old and at least six months ahead of my best case scenario. A search engine results page is the listing of web-pages returned by a search engine in response to a keyword query such as sell Las Vegas home. In response to the search, Google returns the web-pages which include all the words in that search (sell, Las, Vegas, home) and shows the number of web-pages that contain all these keywords on the right side of the search results bar on the top of the page. Following is a small ...
More About: Estate , Las Vegas Real Estate , Las Vegas Homes , Real Estate

How I designed my Las Vegas real estate web-site, and why it should go to
2007-09-12 04:46:00
This is the fourth article of Why and how this blog and its companion web-site Las Vegas homes, condos and commercial real estate came to be. This is a lesson in life, business, planning and execution 3: People had to be able to find my web site relatively easily. The most important factor in designing a web-site with the top of search engine results in mind is the structure of the web site. The structure includes two distinct parts, layout and semantic tags. I desperately wanted a three column layout, so the visitor to my web site can see more links in the side bars. About three years ago three column layouts were all the rage in the web master community with many articles and demos about the subject on the internet. But doing a three column layout offers no advantage in search engine optimization. In order to gain maximum advantage over competition web sites mine had to have a special kind of layout called source ordered three column layout. It means that by using a CSS2* trick th...
More About: Estate , Las Vegas Real Estate , Real Estate , Site

How I plan to take my Las Vegas real estate web-site to the top, analysis o
2007-09-11 05:37:00
This is the third article ofWhy and how this blog and its companion web-site Las Vegas homes, condos and commercial real estate came to be. This is a lesson in life, business, planning and executionIn my last blog post I discussed the criteria which my new Las Vegas web site had to satisfy, Iâ€™ll repeat it here for your convenience.1: I had to have full control over the web site so I could change or modify it at will.2: It had to contain a great deal of information covering all phases of buying or selling a residential property. Commercial real estate is not meant for civilians.3: People had to be able to find it relatively easily.4: It had to be aesthetically pleasing; the rule of thumb is that web page readers decide to stay with a web site in under six seconds.5: The web site had to be easy to navigate and all the information in the web site should be reachable within three clicks if possible.This is all good. Obviously a dingy little web site is not the answer. The problem was ...
More About: Estate , Las Vegas Real Estate , Real Estate , Analysis

How I plan to take my Las Vegas real estate web-site to the top, analysis o
2007-09-11 04:39:00
This is the third article of Why and how this blog and its companion web-site Las Vegas homes, condos and commercial real estate came to be. This is a lesson in life, business, planning and execution In my last blog post I discussed the criteria which my new Las Vegas web site had to satisfy, Iâ€™ll repeat it here for your convenience. 1: I had to have full control over the web site so I could change or modify it at will. 2: It had to contain a great deal of information covering all phases of buying or selling a residential property. Commercial real estate is not meant for civilians. 3: People had to be able to find it relatively easily. 4: It had to be aesthetically pleasing; the rule of thumb is that web page readers decide to stay with a web site in under six seconds. 5: The web site had to be easy to navigate and all the information in the web site should be reachable within three clicks if possible. This is all good. Obviously a dingy little web site is not the answer. The prob...
More About: Estate , Las Vegas Real Estate , Real Estate , Analysis

How I began my real estate career in Las Vegas, Nevada. Criteria to design
2007-09-10 07:02:00
Â This is the second article ofWhy and how this blog and its companion web-site Las Vegas homes, condos and commercial real estate came to be. This is a lesson in life, business, planning and executionBy the time we arrived in Las Vegas in Oct. 2003, the Las Vegas real estate market was on fire. Everybody and their aunts and uncles were getting into the business. The number of Las Vegas real estate agent reps (unless you are a Las Vegas real estate broker you are called a real estate agent representative since you are representing your broker) went from under 10,000 to 17,000 in no time and everyone, especially brokers, made a lot of money since those who got their real estate license would buy a property for themselves and one or more others for a relative or friends. So I started attending a real estate school, passed the test, waited for three month for the background check which is a Nevada Government requirement and got my license. Now what?I was new to town and didnâ€™t know a...
More About: Design , Estate , Real Estate

Why and how this blog and its companion web-site Las Vegas homes, condos an
2007-09-08 04:28:00
Background My dear wife Karen, whose opinion I value greatly, told me that she didn?t like the last few posts and that these posts were not reflective of my personality and style. I agree and will change things accordingly. First a few words about me so you can get a picture of my environment as it is ...
More About: Las Vegas Homes , Las Vegas , Blog , Site , Homes

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