Jeff Mix 702-510-9625
The inventory of real estate that have gone into foreclosure being taken over by banks is probably in the millions, making some analysts predict that values will go down more as foreclosures are dumped onto the market. Given normal demand and high supply, values of all same properties will go down. As the mortgage [...]
Now is the time when real estate that are not on foreclosure or default go up in the market for almost the same price as those that are. Foreclosed and short-sale homes are a bit of a problem to be neighbors due to that they have a bad effect on the price of all [...]
Based on the reports by real estate experts, there are some states in the US that maintain a very good long term outlook even though if they are facing some problems with regards to their business industry. Some examples of these states are San Francisco, Boston and New York. Even though Las Vegas and Phoenix [...]
The Starwood Capital Group recently purchased several high-rise properties in Las Vegas through U.S. Federal Deposit Insurance Corp.’s asset auction of Corus Bank, a unit of Chicago-based Corus Bankshares. This deal is expected to have a huge effect on Southern Nevada’s luxury condominium market because of the scope and scale of Corus Bank’s local financial [...]
Superstar country singer, Garth Brooks, was lured out of semi-retirement by the casino mogul, Steve Wynn. By giving him a large paycheck together with perks, Garth Brooks have agreed to sign a contract to take a five year weekend residency and shows at the Wynn Encore in Las Vegas starting on December 11. This summer, [...]
This October, the mayor of Las Vegas, Oscar Goodman was invited as the keynote speaker of the Las Vegas Real Estate Insider Club. The house was packed during the said event and unfortunately, some of the guests that have not pre-registered was turned away due to the space constraints of the top floor of the [...]
Overcoming economic survivor guilt A year after the meltdowns of the banking and housing industries, an unseen by-product of the financial crisis has crept into the American society: the economic survivor guilt, the news organization USA Today reported. Simply put, the economic survivor guilt is the uneasy feeling of “capitalizing off of somebody else’s misfortune.” [...]
July home sales mostly foreclosure resales About 70 percent of the homes resold in Las Vegas area for the month of July were homes that had been foreclosed in the last 12 months, this according to DataQuick. DataQuick also reported that for the month of June, close to 70 percent of the homes resold in [...]
$8.5 billion Las Vegas complex to showcase earth-friendly features Developers of the CityCenter complex have pledged that the $8.5 billion, 18-million-square-foot complex will be the most earth-friendly thing to happen on the Strip, Reuters reported. With this huge investment, this project has been closely watched, Reuters said. Amidst this huge investment, Las Vegas ranked No.5 [...]
