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Blog Details for "Las Vegas real estate market report"
Las Vegas real estate market reportLas Vegas real estate market reportLas Vegas real estate, news, developments, predictions and information.
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Las Vegas real estate showing signs of a turnaround
2008-04-27 23:55:00 Although the real estate market in Las Vegas is still very week their are signs of life and the future is bright. Las Vegas housing was simply over built in 2005 and 2006. This was due to heavy appreciation in the market place, easy credit in the mortgage markets, and heavy speculation by opportunity investors. In ... More About: Estate , Las Vegas Real Estate , Real Estate , Signs
REI Neon’s big move in the game for its Major Las Vegas Sports Arena
2008-04-23 19:04:00 Well the big sports area in Las Vegas City may have just grown wheels under it. What has developed is not surprising, its just typical big business. The players include the little guys that own property south and west of Charleston and Main Street. They all got dollar signs in their eyes like little girls looking at pop ... More About: Sports , Game , The Game , Move
National publications finding Las Vegas as a great place for Bargins in rea
2008-04-19 18:01:00 If you have been reading my blog you know I have been saying that the real estate market is going to come back strong in late 2009 and we should see prices climb to their previous highs by approximately 2012. Job creation is going to spur this sudden resurgence in the market as the $33 ... More About: National , Las Vegas , Great , Publications , Place
In Las Vegas new projects just keep comming!
2008-04-11 19:08:00 Yes, the world of finance is in a tail spin and some Las Vegas condo projects are in trouble but it seems that many Las Vegas projects are above the financing waste land that has swept over the U.S. real estate markets. This last week I noticed another condominium project has bitten the dust due to the slow ... More About: Projects
Las Vegas top town for Empty Nesters
2008-04-04 18:28:00 Forbes.com rate Las Vegas as a “Top Town for Empty Nesters” in an article published April 3, 2008. It stated that Las Vegas has had a 156% increase in 55 to 64 year olds from 1990 to 2005. This has been due to the excellent job market as well as wonderful recreation opportunities. The State of Nevada ...
Las Vegas real estate rumors, truths and falsities
2008-03-27 20:00:00 Well the GLVAR came out with their February figures and it looks like there is a POSSIBILITY (rumor) that the market is showing signs of bottoming out. Inventory levels are down (fact), numbers of homes under contract are up slightly (fact) and home sales are up slightly(fact). However Standard & Poor’s/Case Shiller report still show prices falling ... More About: Estate , Las Vegas Real Estate , Las Vegas , Real Estate , Rumors
When to invest in Las Vegas?
2008-03-20 18:01:00 I tend to spend a great deal of time looking at development on the Strip. The reason for this is that this area provides such huge employment growth opportunity. Employment growth is what drives residential real estate development and pricing. With great positive employment growth of 4 to 5% you find an active appreciating residential real estate market. ... More About: Las Vegas , Invest , Vegas
The Las Vegas Strip is bustling with development action!
2008-03-03 21:44:00 It appears the the Pinnacle will never peak. The dual tower condo project 1 mile west of the Strip on Tropicana has been called off. Look for this zoned high-rise ground to be looked at by casino developers. It is located across from the Orleans and is just down the street from the Wild Wild ... More About: Action , Las Vegas , Development , Vegas
What Las Vegas real estate and roller coasters have in common
2008-02-27 20:42:00 Almost everyone in the U.S. is familiar with the roller coaster at the New York New York here in Las Vegas . Many people who purchased property here in Las Vegas were not aware that they were buying a ticket on a different roller coaster, the Las Vegas real estate roller coaster. So let us all ... More About: Estate , Las Vegas Real Estate , Real Estate , Common
The Fed lending rate reduction only helps the Banks.
2008-01-22 23:15:00 Please wait while I set my soap box down. I am about to give my opinion on this disgusting turn of events by our government. The Fed lending rate cut, for the most part, bails out the Banks . The short term Fed rate is the rate Banks can barrow from the Fed resulting in them making more money. As ... More About: Lending , Rate , Reduction
$5 billion Plaza Project gets approval
2008-01-14 22:24:00 The New Frontier was imploded a few months ago making way for a new class of Mega resort. This project will be the most opulent yet. The developers are designing this to cater to the wealthy client, not your average Joe. The 15 million square foot facility will include: 348,000 square feet of shopping, 134,500 square ... More About: Project , Plaza , Billion
World Jewelry Center Plans approved by Las Vegas City
2008-01-10 21:38:00 According to Mayor Oscar Goodman: “This will be an important part of Union Park, along with the Lou Ruvo Brain Institute, the Smith Center for the Performing Arts, the Charlie Palmer Hotel, and the Access Medical-Kimpton Hotel projects, that together will create an exciting experience for everyone who visits or does business there…” This project will ... More About: Jewelry , World , Las Vegas , Plans , City
Is it time to gamble on Vegas real estate again?
2008-01-06 01:40:00 With the gaming industry posting record profits, record visitors and record construction it looks like there is no end to the possibilities and opportunities for this world class city. For 2007 will go down in history as the year that Las Vegas hit the 2 million residents mark, the year that saw the implosions of the ... More About: Estate , Real Estate , Time , Gamble , Real
Many think Vegas is a good bet for real estate investment right now.
2007-12-18 01:12:00 The current batch of wanna be investors are allowing their investment homes to be foreclosed here in Las Vegas driving up inventory and lowering the price of resale and new housing. It might surprise you that due to this unloading of uneducated and un-savvy investors that the SAVY INVESTORS ARE BUYING! People who know how ... More About: Estate , Real Estate , Real Estate Investment , Investment , Real
When you owe more than your homes worth!
2007-12-10 19:40:00 If you purchased your home in the years 2004 through 2007 and you live in Las Vegas you may be in an unfortunate group of people that now find themselves in the position of having more invested in their homes than they can currently sell it for. Many of you may be in a position where your ... More About: Homes , Worth , Wort
Is the water plan for Las Vegas the right plan?
2007-11-08 19:47:00 This mourning I was reading an article on the Southern Nevada Water Authorities plan to build a pipeline from the interior of the State to Clark County and deliver as many as 400,000 additional homes water. This project would cost an estimated $3.5 billion dollars. (See the article here) If the source of funding of this project ... More About: Las Vegas , Plan , Vegas
Subscribe to “Las Vegas real estate market report.”
2007-11-07 19:26:00 Enter your email address: Delivered by FeedBurner For the Latest in Las Vegas real estate call Max at 702-334-2200. Or email me at:Max@MaxSellsVegas. com. Your comments and questions are welcome. Copyright © 2007Max Schmidt P.C. all rights reserved. The information provided here is of a general nature and should not be relied upon as the basis of a ... More About: Estate , Las Vegas Real Estate , Real Estate , Real Estate Market
Las Vegas Real Estate video report for the third quarter 2007 is now availa
2007-11-06 20:24:00 I have finished and uploaded the latest market study report for the third quarter of 2007. This statistical analysis of the Las Vegas real estate markets should give you a good idea of not only what has happened but where things are going in this volatile market. With is market currently in a state of flux, ... More About: Video , Estate , Las Vegas Real Estate , Real Estate
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)
More articles from this author: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 1, 2 |
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