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Las Vegas real estate market reportLas Vegas real estate market reportLas Vegas real estate, news, developments, predictions and information. Articles
U.S. foreclosures continue to affect the real estate market
2007-11-02 22:01:00 It appears that the foreclosure rates on sub-prime mortgages have continued to restrain the ability of qualified Buyers to obtain financing when purchasing a home. This has resulted in many fewer home purchases nationally. As lenders try to determine how to estimate their portfolio losses and project further losses in the financial markets. The Fed has ... More About: Estate , Real Estate , Real Estate Market , Foreclosures , Market
Will the price of a home start heading up soon in Las Vegas?
2007-10-30 01:14:00 The above chart shows price appreciation and depreciation in the Las Vegas residential real estate markets since 2001. On average Las Vegas historically had a 5% price appreciation rate year over year until the boom in 2004. If the historical increases hold true and prices continue to fall it looks like we will hit a true ... More About: Home , Start , Price
What’s going on in Las Vegas real estate
2007-10-22 22:16:00 A few nuggets of FYI: The downtown casino’s have settled on a new 5 year contract with the Culinary Union. Only a few holdouts remain in the Las Vegas Valley. The most notable and problematic is the Tropicana which has had major problems with the unions since its takeover. The word on the street is that ... More About: Estate , Las Vegas Real Estate , Real Estate , Real
150,000 High risk loans given in Las Vegas in 3 years.
2007-10-16 22:01:00 From 2004 through 2006 Las Vegas investors and residents took out approximately 150,000 high risk loans according to the Wall Street Journal. As previously reported Las Vegas had an investor ratio of approximately 30% during that time. This translates into 45,000 investor loans and 109,000 primary and second resident mortgages. Subpime loans amounted to approximately 23% of the ... More About: Loans , Risk , High , Years
Buying a home cheap in Las Vegas.
2007-10-16 00:07:00 By now if you haven’t heard that the average price of a home in Las Vegas has decreased then its time you knew. If you are like so many other investors or home Buyers you are probably standing on the sidelines waiting for the prices to quit falling and then you will swoop in and grab ... More About: Buying , Home , Cheap
A peak at the future of Las Vegas Real Estate.
2007-10-01 20:24:00 If history repeats itself then the graph above can give us some sense of what is happening and possibly going to happen in the U.S. real estate market. Case Shiller issued the above chart in July 2007. What makes this interesting is the historic last dip in the market we experienced in 1990. If you will ... More About: Estate , Las Vegas Real Estate , Las Vegas , Real Estate , Future
Las Vegas may be in for some troubled times in the short term.
2007-09-25 01:54:00 By now it has become clear that the Las Vegas job market will get a big boost in job growth in late 2009. Many of these huge condo and casino projects will be completing in 2009 and hiring new people to staff these luxury digs. But for now unemployment is up to just above national levels. ... More About: Short-term , Times , Troubled , Short
Surprise! The Fed’s drop interest rates by 1/2%
2007-09-19 02:14:00 The Fed decision arrived with a Big Change! The Fed surprised most economists and traders with a one half percent cut in both the Fed Funds and Discount Rate s . Stocks soared higher and enjoyed their largest gain since 2003. What does the Fed interest cut mean? Rates on consumer car loans, consumer loans, and Home Equity lines will all benefit. ... More About: Interest Rates , Interest , Interest Rate
Get the Seller to pay off your debts!
2007-09-18 00:12:00 Would you consider buying a Las Vegas home today if only you had your car and those two credit card balances paid off? That can be arranged through a new tool called a Grant program that is perfectly legal if properly executed. Here is how it works. Let say that you currently owe: $13,500, or $405 per ... More About: Seller
Stations Casinos is Banking on the fringes of the STRIP, land banking that
2007-09-10 23:58:00 In the last year we have seen Stations Casinos make a play for land around the “Strip .” With a location on the South Strip near South Point Casino. Major land acquisitions around their original flag ship casino, Palace Station and now they are assembling 70+ acres around their Wild Wild West Casino on West Tropicana. Currently ... More About: Banking , Land
A visual look at the Las Vegas real estate market and other major U.S. citi
2007-08-27 17:46:00 I was very impressed by the New York Times this last week as they presented graphs and a balanced look at the current and historic real estate market in many Major U.S. Cities for the last 20 years. This is what good balanced reporting is all about which seems to be missing in much of this ... More About: Estate , Las Vegas Real Estate , Las Vegas , Real Estate , Real Estate Market
What is going on with the real estate market in Las Vegas (Part 4)
2007-08-23 18:44:00 So what is happening to prices? Yes, they are moderating some but not like you would expect. There are a couple of things you need to be aware of before I give you figures for the valley. First off in the last year we have had some big high rise condo projects close. These projects ... More About: Estate , Las Vegas , Real Estate , Real Estate Market , Market
What is going on with the real estate market in Las Vegas (Part 3)
2007-08-20 22:58:00 Truth three: The value of a property is based on what someone is willing to pay for it. When real estate was HOT here in Las Vegas lenders were offering sub prime loans. Sub prime means to barrowers with lower credit scores and many of these loans were being offered in programs with beginning interest ... More About: Estate , Real Estate , Real Estate Market , Market
What is going on with the real estate market in Las Vegas (Part 2)
2007-08-16 19:41:00 Truth two: If a community’s economy is growing including its work force, so grows its real estate. We have a huge building boom in Las Vegas , we have more cranes in the sky than a Montana marsh. They are everywhere. Then add to that all the small commercial, commercial and mid-rise residential being built. YES, single ... More About: Estate , Real Estate , Real Estate Market , Market
What is going on with the real estate market in Las Vegas
2007-08-14 21:25:00 What is going on with the real estate market here in Las Vegas ? We read about the impending real estate bubble bursting. Some writers have even predicted a drop in values as much as 30% and a possible collapse of the U.S. economy. So what is happening? Is it time to build a bomb shelter, arm ... More About: Estate , Real Estate , Real Estate Market , Market
Sales statistics on Las Vegas real estate for first half of 2007
2007-08-06 21:11:00 I have just completed the 2007 market report for Las Vegas for the first half of this year. This report will give you the latest sales statistics with an in depth look at what has happened in the Las Vegas real estate markets. The information covered includes, new home sales, resale homes, condominiums, future forecasts ... More About: Estate , Las Vegas Real Estate , Real Estate , Sales
August 2007 U.S. Real Estate Video Report now available
2007-07-30 23:56:00 I have just completed the latest video report on the U.S. real estate market. You can view the report about the United States Real Estate markets by clicking on the picture to the left. It appears the real estate market in general is beginning to turn for the better. Find out why the markets are ... More About: Video , Real Estate , Report
Las Vegas Median household income jumps 66%.
2007-07-23 21:05:00 Well it seems that Harrah’s Entertainment is going to erect another tower on the shrinking land parcel known as Ceasar’s Palace. It will contain 665 luxury room tower and new casino entrance and 3 new swimming pools. They also will renovate the current Forum Tower with its completion in January 2008. The Luxor will undergo a ... More About: Las Vegas , Household , Income , Vegas , Hold
Major Casino Openings require More Housing!
2007-07-14 19:15:00 So, when will the sky cranes come down and the slot machines start ringing in these new cutting edge resort properties in Las Vegas? When will we get the economic shot in the arm that Las Vegas always gets when a major Casino Resort openings creating thousands of new jobs and new residents to our valley? Well the ... More About: Housing , Major
New Major Theme Park to be Built in Las Vegas.
2007-07-13 00:02:00 It appears that group of major player in the Theme Park Industry have put under contract some 200+ acres of ground on the South Las Vegas Strip to build a major theme park! This plot of land is just a bit bigger than Disneyland in Anaheim, California. They are in the process of assembling their ... More About: Major
Elvis to return to Las Vegas SOON!
2007-07-11 23:57:00 If you have been to the Las Vegas Strip you have probably seen the Harley Davidson Cafe with its monster motorcycle hovering over the Strip. Well guess what folks, its going to go away to make room for Elvis and his 17 Acre themed resort. Not only does he now get a show room he ... More About: Return , Turn
The number of Hotel rooms is shrinking, for the moment.
2007-07-11 04:28:00 Lady Luck closed over a year ago. The Boardwalk was imploded late last year. The Klondik was shut last year. The Stardust closed and was tour down in January. The New Frontier will close on July 15th and be torn down. With all these casino closings the number of rooms has actually been shrinking. Unemployment ... More About: Hotel , Moment , Hotel rooms , Number
Will “Fremont Street Experience” to Stratosphere be redevelope
2007-07-02 22:32:00 Wow! Recently we have seen the closing of many Elvis style wedding chapel’s and much of the ground between the Stratosphere and Fremont Street Experience is being bought and sold much like a high stakes poker game. Who will loose and who will win in this real estate card game is hard to figure right now. ... More About: Ratos , Rede
U.S. real estate video report for June 2007
2007-06-21 01:24:00 Well another month has gone by and it seems that the National real estate market is starting to turn around. This summer is proving the truth of that old saying “All Real Estate is local.” Some markets have hit bottom and are starting to rise in values while others are falling. 18 States are showing appreciation ... More About: Video , Real Estate , June , Report
Has the Las Vegas real estate market bottomed out?
2007-05-02 03:12:00 The 2007 Las Vegas perspective booklet was released yesterday. It announced that Clark County population grew by 97,000 people last year putting the population at 1.9 million. According to the perspective this was a 5.3% increase over the 2005 figures. That is almost 8,100 new residents per month. If we have that size of growth ... More About: Estate , Las Vegas Real Estate , Real Estate , Real Estate Market
Has the Las Vegas real estate market bottomed out?
2007-04-27 05:15:00 The 2007 Las Vegas perspective booklet was released yesterday. It announced that Clark County population grew by 97,000 people last year putting the population at 1.9 million. According to the perspective this was a 5.3% increase over the 2005 figures. That is almost 8,100 new residents per month. If we have that much growth this ... More About: Estate , Las Vegas Real Estate , Real Estate , Real Estate Market
The Ruppies are coming, the Ruppies are coming!
2007-03-29 01:06:00 No, it’s not the latest music group. It’s a new phrase coined by sociologists by combining the three words (yuppies, urban and retirees). Yup, you can trade in your Yuppy card right along with your company badge when you pick up your first retirement check and buy a place in the city. It seems that these ... More About: Pies , Ming
Is the Property under the Proposed “W” Cond-tel for sale?
2007-03-27 22:19:00 It appears that Edge Group owners of the “W” and former “Las Ramblas” development sites may have their eyes on the short term prize $$$. With the condo and condo-tel market being dominated by the BIG boys link MGM-Mirage and financing tightening it would seem that one needs to have a lot of liquidity in order ... More About: For Sale , Property , Sale , Under , Pose
Say good bye to the Las Vegas New Frontier Hotel/Casino
2007-03-27 00:00:00 One of the world’s richest men Yitzhak Tshuva, a billionaire from Israel, is negotiating with Phil Ruffin to buy the New Front ier Casino (built in 1942) in Las Vegas . The deal is estimated at $1.5 billion dollars and will require another $400 million to renovate the project. The only plans the new owner has disclosed so ... More About: Hotel , Asin
As I predicted, here come the other development Gurus about “The Nort
More articles from this author:2007-03-13 21:40:00 As detailed in this article from Casino City Times. I seems many of the Las Vegas top market experts agree with my prediction that the North Strip is about to get the same renovation as the Mid-Strip. There is also a flurry of activity taking place on the New South Strip with the new construction of ... More About: Other , Development , Men , The N , About 1, 2, 3 |
