I was watching TV the other night and a national auction company ad came on advertising several properties with “previous values” in excess of $150,000 being auctioned at a starting price of $1,000.  I think my mouth started salivating,  Pavlov would have been proud of my training.  Do I know better than to think I [...]

Sometimes life can be straight forward, like when your gas tank registers empty. But concerning Las Vegas real estate life is nolonger what it seems. Like the master magicians that grace our famous strip there is a lot more going on behind the scenes that you may not be aware of.  Historically real estate has been pretty [...]

Not all Las Vegas real estate isbeing sold for the same price and it isn’t just the location or the size that dictates the price!  Investors are currently flooding into the market looking for the real deals and they are finding them.  Some Las Vegas home Buyers are finding real deals with prices that comparable homes were [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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.  [...]