Friday, August 31, 2007

Las Vegas Real Estate News

Las Vegas Real Estate News

Link to Las Vegas Real Estate News

Real estate rates up overnight

Posted: 31 Aug 2007 07:00 AM CDT

30-year fixed rate at 6.09%; 10-year Treasury yield at 4.5%

Vegas Luxury Condos Adjusting to Demand

Posted: 31 Aug 2007 04:01 AM CDT

LAS VEGAS-The number of units built and under construction (19,900) is now about equal to the number of units suspended or cancelled (19,100), according a new mid-year report.

Project CityCenter and MGM MIRAGE Has $5 Billion Invested By Dubai <b>...</b>

Posted: 23 Aug 2007 10:24 AM CDT

Tags: Las Vegas Real Estate, Las Vegas News, Las Vegas Condos, dubai world, project city center, project citycenter, las vegas high rise, citycenter mgm mirage project, vdara, mandarin oriental, project citycenter las vegas, ...

Foreclosure rates jump 800+% in a year.

Posted: 31 Aug 2007 12:23 AM CDT

Foreclosure rates jump 800+% in a year. Foreclosure rates jump 800+% in a year. For several months i have been reporting on the foreclosure market in Las Vegas. The recent credit crunch and subprime turmoil have brought devastating back ...

Luxury brands seek wider Web, international reach

Posted: 31 Aug 2007 07:00 AM CDT

Multitude of networks target high-end real estate

Landing good leads -- today and tomorrow

Posted: 31 Aug 2007 07:00 AM CDT

InmanTV talks with TargusInfo about what works

Home Prices Rose 3.2% From 2006 In Second Period

Posted: 29 Aug 2007 11:00 PM CDT

But while home prices were up from a year earlier they were flat compared with the previous quarter, according to the Office of Federal Housing Enterprise Oversight.

Should Buyers Pay Cash for Home Or Get a Mortgage and Invest?

Posted: 30 Aug 2007 11:00 PM CDT

A retired couple looking to downsize weigh buying a new house outright against securing a mortgage and investing in stocks and bonds. June Fletcher outlines the pros and cons of both strategies.

Investment Homes Make Up A Major Part of Mortgage Defaults

Posted: 30 Aug 2007 11:00 PM CDT

Defaulted loans are on the rise across the U.S., but often it's not the case of a homeowner losing a home -- many are being lost by investors.

Homeowners Pull Home Off Market And Find a Buyer Via Auction

Posted: 26 Aug 2007 11:00 PM CDT

The Barry's multimillion Florida estate was listed for nine months with no takers. So they offered it to the highest bidder instead, cutting millions from their original asking price.

Single Story For Sale in Lake Las Vegas

Posted: 12 Aug 2007 04:23 AM CDT

$11000 Cash Rewards Lake Las Vegas New Homes. • 3310 sq. ft., 3 bath, 3 bdrm single story - $1060000 - New Release! Lake Las Vegas, Henderson - You will find the breathtaking Italian-style village of this Lake Las Vegas community ...

Corporate Housing and Las Vegas Luxury High Rise Condominiums.....What???

Posted: 30 Aug 2007 11:47 PM CDT

No time for small talk here, we will get right to the point. The current Las Vegas high-rise condominium market is a huge, overlooked resource for corporate housing in the prime strip area of Las Vegas, where a building boom unlike any other in the history of this great city is moving full speed ahead.

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US Census Bureau: Las Vegans Rank Among TOP Wage Earners Nationwide

Posted: 30 Aug 2007 03:20 PM CDT

It's highly probable that incomes in Las Vegas will continue to increase as more than $30 billion in local resort development creates a continuing demand for workers over the next 5-10 years. Las Vegas real estate is a sound long-term ...

U.S. Census Bureau: Las Vegans Rank Among TOP Wage Earners Nationwide

Posted: 30 Aug 2007 03:20 PM CDT

The Las Vegas economy continues to be a leader in overall performance and the envy of other cities nationwide. The engine of growth for Southern Nevada has always been the Las Vegas Strip and that isn't changing one bit. The tourism and business/convention traffic flowing into Las Vegas continues to grow strongly year-on-year. By 2012, 45,000 additional hotel rooms will be added to Las Vegas Boulevard. The expansion of McCarran Airport is three years ahead of schedule. This latest surge in Strip development represents billions of dollars of investment by the savviest operators in the hotel-resort industry. It's highly doubtful that they're spending this money for nothing.

According to a report recently authored by Deutsche Bank Securities, the casino industry in Las Vegas will need 113,500 more workers to fill the jobs created by the new resorts that are now under construction. Unless the population growth of Greater Las Vegas begins to accelerate right away, 25,000 of these jobs will go unfilled (from local resources) according to the investment bank report. The hotel-casino-resort industry will have no choice but to attract workers from other parts of the country to fill the gap. What's the best incentive you can offer to entice people to make a move to a new city for a new job? Money, in the form of competitive wages.

In case you're thinking that the majority of the jobs generated by the tourism industry in Las Vegas are low-to-medium wage and mostly unskilled, you might want to consider the latest data from the U.S. Census Bureau. According to the American Community Survey released on Tuesday, Las Vegas was ranked #5 in the ENTIRE COUNTRY for wage earnings with a median household income of $53,000 a year. The only four cities in America (population 500,000 or higher) that outranked Las Vegas were Seattle, San Diego, San Francisco and San Jose, California. Come on, admit it, you're VERY surprised.

Median Household Income - 2006

1. San Jose, Calif. $73,804
2. San Francisco $65,497
3. San Diego $58,815
4. Seattle, Wash. $58,311
5. Las Vegas $53,000

SOURCE: U.S. Census Bureau

There has never been a better time to purchase a Las Vegas home. Take advantage of the fact that it's a Buyers market while there's still time. It's highly probable that median incomes in Las Vegas will continue to grow as more than $30 billion of world-class Strip development fuels continuing and increasing demand for workers over the coming decade. Las Vegas real estate is a sound long-term investment. The Michelle Sterling Internet Real Estate Team couldn't be in a better business in a better city.

What's Happening, Vegas?: Is Now The Time To Buy <b>Las Vegas Real</b> <b>...</b>

Posted: 30 Aug 2007 01:35 PM CDT

What's Happening, Vegas?: Is Now The Time To Buy Las Vegas Real Estate?#links#links#links#links#links#links.

Freddie Mac profits down 45%

Posted: 30 Aug 2007 07:00 AM CDT

Higher foreclosure rates on 2006, 2007 loans blamed

California housing out of reach for first-time buyers

Posted: 30 Aug 2007 07:00 AM CDT

More than three-fourths couldn't afford starter home in Q2

Home prices drop in 15 states during Q2

Posted: 30 Aug 2007 07:00 AM CDT

Cities in California, Florida show fastest price declines

Engle Homes At Ladera Terrace Las Vegas Offers A $60000 Incentive

Posted: 30 Aug 2007 10:06 AM CDT

Tags: Las Vegas Real Estate, Las Vegas Builder Incentives, Summerlin Real Estate, Summerlin Las Vegas News, ladera terrace, engle homes, summerlin, summerlin las vegas, red rock real estate, homes for sale in summerlin (Comments)

Wednesday August 29, 2007 - 17:06 EST (Rolling Good Times)

Posted: 29 Aug 2007 04:07 PM CDT

LAS VEGAS, Nevada -- Add the Travel Inn to the list of pending reclamation projects in downtown Las Vegas.

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