Friday, July 06, 2007

Las Vegas Real Estate News 7/06/07

Las Vegas Real Estate News


UFC 73 STACKED Tito Ortiz Vs Rashad Evans & Silva Vs Marquardt July 7

Posted: 05 Jul 2007 10:11 AM CDT

This Ultimate Fighting Championship, based in Las Vegas, Nevada, mixed martial arts fight is stacked with five fights including two Ultimate Fighting Championship bouts and a [...] Tags: Las Vegas Real Estate, Las Vegas News, ...

Mortgage Mess Shines Light on Brokers' Role

Posted: 05 Jul 2007 11:00 PM CDT

These professionals have emerged as one of the big vulnerabilities in the home-loan business as defaults continue to pummel the loosely regulated industry.

'Dracula's' Romanian Castle, Now a Museum, Is for Sale

Posted: 05 Jul 2007 11:00 PM CDT

The landmark that inspired Bram Stoker's tales is on the market for what may be $100 million or more.

The second anniversary

Posted: 06 Jul 2007 07:00 AM CDT

Diary of a real estate rookie

Real estate blogger disconnect

Posted: 06 Jul 2007 07:00 AM CDT

Challenges for Realtors in blogging

REALTORS® Raise Walls on <b>Las Vegas</b> Habitat House

Posted: 05 Jul 2007 01:29 PM CDT

Saturday was a special day for the Parker family of Las Vegas; it was the day the National Assn. of REALTORS® raised the walls of their new Habitat for Humanity home at 1933 Gregory Street. Patty Parker and her two daughters, Jasmine, ...

BIG BUILDER Newslink - July 5, 2007

Posted: 05 Jul 2007 12:37 PM CDT

The RealtyBid.com auction of 22 Spinnaker Homes properties within the Spinnaker Village III community in Las Vegas will begin July 4 and end July 25. David Weekley Homes will auction 18 new homes within three different communities in ...

Watch out Las Vegas - Here come the High Rise Condos!

Posted: 05 Jul 2007 08:40 PM CDT

The Las Vegas Review Journal filed the following story about how the Las Vegas High Rise Condos market is getting ready to explode:

"The housing market in Las Vegas is entering a period of extraordinary transition with the first real influx of high-rise condominium sales in May, a local researcher said Wednesday.

Larry Murphy, president of SalesTraq, said May's housing statistics offer "intriguing clues" as to why the much ballyhooed housing bubble has not burst in Las Vegas.

While the inventory of homes for sale reached an all-time high of 20,515 in May, about double from a year ago, it's a supply of six to seven months based on sales through the Multiple Listing Service. That's a relatively healthy market, Murphy said.

Prices have yet to diminish, as many predicted at the beginning of the year, he said.

Median resale prices are hovering around their all-time high at $284,950, a 5.5 percent increase from May 2005, and new home prices jumped 11.8 percent to $324,757. The number of new home subdivisions in the market declined for the second consecutive month.

Forty-eight high-rise condos closed escrow in May, including 40 at SoHo Lofts in downtown Las Vegas. That compares with 64 total sales in 2005 and 11 through April of this year."

You can read the rest of the story here.

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Las Vegas Community Blood Drive

Posted: 05 Jul 2007 08:35 PM CDT

The Greater Las Vegas Association of Realtors (GLVAR) is sponsoring the Las Vegas Community Blood Drive on Monday, August 20, 2007 from 9:00am to 2:00pm. The blood drive will take place in the GLVAR offices at 1750 E. Sahara Avenue, Classroom B.

Please take this opportunity to give back to the community because as we all know blood donors save lives!

During your lifetime you or someone you know may be in need of blood and this is your opportunity to make a difference in your community. This is a simple procedure that will only take approximately an hour of your time.

The Michelle Sterling Team at Prudential Americana Group, REALTORS fully supports this initiative put forth by the GLVAR. We fully encourage everyone to take part in the blood drive and to pass along this important information to your friends and family!

Please mark your calendars and we'll see you there!

Las Vegas Real Estate Prices Dropping - Are we Entering a Buyers Market?

Posted: 05 Jul 2007 04:45 PM CDT

In Business Las Vegas reports in their June 25 - July 29 issue that resale Las Vegas Home prices are decreasing sharply. Their data stronly suggests that Las Vegas Real Estate is turning into a buyers market:

"The price of resale homes fell sharply in May, but a Las Vegas-based analyst said the price drops are needed to reduce the glut of homes on the market.

Dennis Smith of Las Vegas-based HomeBuilders Research reported that the median price of resale homes in May dropped $7,000 from April or 2.5 percent to $278,000.

That's $11,000 lower than the price in May 2006, Smith reported."

You can read the rest of the In Business Las Vegas report here.

The Michelle Sterling Team at Prudential Americana Group, REALTORS is commited to providing outstanding service to our clients. We are constantly on the look out for the best deals on homes in the Las Vegas market. There are outstanding prices on many homes in the Las Vegas area RIGHT NOW - take advantage of this fantastic opportunity and give us a call today!

A LAS VEGAS REALTOR IS STANDING BY FOR YOUR CALL

CALL NOW FOR
IMMEDIATE ANSWERS TO YOUR QUESTIONS
888-349-2595
FREE INFORMATION - NO OBLIGATION

click-to-call from the web

Zillow clear to operate in Arizona

Posted: 05 Jul 2007 07:00 AM CDT

Governor signs bill exempting Web services from appraiser's license

Blog Tour Gets Some Press

Posted: 05 Jul 2007 12:33 PM CDT

Blog Tour USA got its first news coverage in Delaware. Quite fitting, since Delaware was the first state. Thanks to Sonia Dasgupta and The News Journal for the coverage. If any readers have access to mainstream media in any of our city ...

HouseValues leader always eyeing next step

Posted: 05 Jul 2007 07:00 AM CDT

Real Estate Connect Speaker Profile

Mortgage rates all over the map this week

Posted: 05 Jul 2007 07:00 AM CDT

Upcoming economic reports have markets on edge

It’s Time Again - The World Series of Poker Championship!

Posted: 05 Jul 2007 11:29 AM CDT

This Friday, June 6 the 38th World Series of Poker championship event begins at the Rio.

This years no-limit Texas Hold'em tournament has a $10,000 buy-in with play being scheduled over the course of four days. There will be up to 3,000 players per day at the event. Last year's winner, Jamie Gold, emerged from a pack of 8,773 players to take home the grand prize of $12 million.

The world championship's last nine players will sit at the final table on July 17.

Home loan apps rise slightly

Posted: 05 Jul 2007 07:00 AM CDT

Borrowers buy instead of refi in latest MBA survey

Manhattan market still on the rise

Posted: 05 Jul 2007 07:00 AM CDT

Inventory declines while median price climbs for condos, co-ops

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