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Invest Las Vegas Real Estate
Homes for Sale
One of the most informative, helpful
websites assisting buyers and investor make
smart decisions and profit.
Now is a
Buyers Market!
Buy when everyone is selling and sell when everyone is Buying!
With all
the negative market news, peoples emotions are driving prices in excess to true
market conditions. Some homes are still over prices but there are
great
deals out there. You have to use basic economics and common sense to see
this is a buying opportunity of a life time.
I want to buy a bank-owned property. Banks are writing down Billions of
dollars. Do you want part of that
money? Buy the under priced properties
they are selling at a current market
discount.
Buy Las Vegas real estate properties
that are below market value and below
expected market value. The city is
still growing at an incredible pace that
will create a housing shortage within the
next 3-5 years.
Real Estate Investors: Beginners,
Intermediate & Advanced
$35.6
billion the total
value of current construction
on the Strip.
This includes the Encore at Wynn,
Cosmopolitan, City Center, Fontainebleau,
Echelon, Plaza Hotel, Crown Las Vegas, and
MGM-Kerzner-Dubai, all of which are
scheduled to be completed between 2009 and
2012.
106,360
estimated new jobs
by 2012
brought to Las Vegas by construction on the
Strip. Las Vegas employment is forecast to
grow at 3% in the next two years, a signifi
cantly higher rate than the less than 1%
employment growth forecast for the U.S.
overall.
$30
million
the
average price per acre on the Strip.
Casino-zoned land in Atlantic City goes for
roughly $12 million per acre. In Singapore,
it’s $18 million per acre.
Economic Overview of Metropolitan Las Vegas
Analyst: Homebuilders nearing end of price
cuts
REAL ESTATE INVESTOR SEES DEALS
Local housing shortage ahead, report
predicts
More data points to housing shortage due to
job increase
New Resorts to boost homebuilders
Las Vegas Housing Market to Rebound March
2008
"Right now, land is undervalued, but we
believe the market is going to come back as
strong as ever." -article
Over the past 30 years, the median price of
existing homes has increased more than 6
percent every year on average, and home
values have nearly doubled every tenth year,
NAR data show. A Federal Reserve study has
found that the average homeowner’s net worth
is 46 times the net worth of the average
renter. Despite these and other findings,
home buyers are being kept on the sidelines
as they react to national media reports
about the housing market.
Spread Investments Across Low Correlation
Asset Classes
Include Real Estate
Las Vegas listed in Top 10 Multifamily
Investment Markets to Watch
Invest Vegas Real Estate Goal: Helping
investor's build wealth, not just making one
sale.
Las Vegas real estate market conditions and forecasts
Las Vegas builders are cutting back on their production of new homes.
For only the second time since January 1992, homebuilders took out fewer than
1.000 permits in a month. New home prices are expected to fall through
2008. In July 2007, 859 permits were issued, bringing the year to date
total to 10,140. That is a decrease of 36% from previous year and the
lowest through July since 1993.
Las Vegas builders are in better shape than other markets in regards to
inventory, with some with 6 week supply of new homes. For the year, prices
are down more than $20,700, or 6.2%. Some expectations are prices will be
lower 8% by the end of 2007 from the previous year and new homes sales could
decrease by another 7% in 2008.
Las Vegas resale home market is expected to be down by 7% in the median home
price in 2007 and continue to be soft in 2008. This is when the smart
buyers will be acquiring properties for long term investments.
Las Vegas foreclosures are up in the 2nd quarter by 87% and 9 times higher
than the 353 filings reported in the 2nd quarter of 2006. There were 3,147
repossessions in teh 2nd quarter and 4,535 active cases that have yet to make it
that far in the process.
Las Vegas real estate market is changing
quickly.
Make sure you understand your
neighborhood or it could cost you Tens of Thousands of
Dollar$ when selling your Las Vegas home. A lot of
Las Vegas home owners try to save a few thousand dollars in
commission and end up loosing 10 times that amount by
making mistakes and not using a Professional Realtor or real estate
agent. Don't leave your biggest
investment in amateur hands.
Yields will continue to rise - Mortgage
Rates Shooting UP!
Las Vegas homes for sale stats for
April 2007
Buying Las Vegas Real Estate or Selling Las
Vegas Real Estate
Las Vegas, Henderson, Boulder City, Anthem,
Seven Hills, Green Valley, Summerlin, Desert
Shores, Lake Las Vegas, Spanish Trails, Peccole
Ranch, Canyon Gate, Spring Valley, Queensridge
and the Lakes.Why
Use a REALTOR®
For most people their home is their biggest
single investment. In addition to being
their largest asset, your home is attached with
a lot of sentiment and emotional feelings.
When you need to buy or sell something this
important you don't want to chance it to
inexperience or discount efforts. Your
don't shop heart surgeons by price but by
experience and expertise. Why give your
most valued physical asset any less
consideration? Don't be penny wise and
pound foolish.
Daily Real Estate News | June 6,
2007
Home Sales Expected
to Take Gradual Upturn
Home sales are
projected to move in a relatively narrow range
with a gradual upturn becoming more pronounced
by the end of the year, according to the latest
forecast by the NATIONAL ASSOCIATION OF
REALTORS®.
“Overall housing
levels are historically strong, but sales remain
sluggish compared to the recent boom,” says
Lawrence Yun, NAR senior economist. “It’s
important to keep in mind that all real estate
is local, and many markets are expected to have
higher sales and strengthening prices during the
second half of this year.”
What to Expect
NAR makes the
following projections on the housing market:
-
Existing-home
sales:
projected to total 6.18 million in 2007 and
6.41 million next year, in contrast with
6.48 million in 2006.
-
New-home sales:
forecast at 860,000 this year and 901,000 in
2008, down from 1.05 million last year.
-
Housing starts:
likely to total 1.43 million units in 2007
and 1.49 million next year, below the 1.80
million recorded in 2006.
Meanwhile, the
30-year fixed-rate mortgage is likely to
increase to 6.6 percent in the third quarter and
then hover at that level through 2008.
The national median
existing-home price should ease by 1.3 percent
to $219,100 in 2007, before rising 1.7 percent
next year. The median new-home price will
probably fall 2.3 percent to $240,800 this year,
and then grow by 2.6 percent in 2008.
“We continue to
experience a temporary distortion in comparing
median existing-home prices,” Yun says. “Because
the sales volume has shifted from many high-cost
areas to moderately priced markets, we’re not
getting a true apples-to-apples comparison. When
you look at other measures, such as this week’s
price index from Freddie Mac which is based on
repeat sales, overall home prices are rising
slowly.”
Other factors to
take into account that affect housing include:
-
Gross Domestic
Product:
growth in the U.S. GDP is estimated at 2
percent this year, lower than the 3.3
percent growth in 2006. Yun forecasts GDP to
grow 3 percent in 2008.
-
Unemployment
rate:
projected to average 4.6 percent in 2007,
unchanged from last year.
-
Inflation:
expected to decline to 2.5 percent this
year, down from 3.2 percent in 2006.
Inflation-adjusted disposable personal
income is likely rise 2.8 percent this year,
compared with a 2.6 percent increase in
2006.
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Commitment
Commitment is what transforms a
promise into reality
It is the words that speak
boldly of your intentions
And the actions we speak louder
than the words
It is making the time when
there is none
Coming through time after time
after time
Year after year after year
Commitment is the stuff
character is made of
The power to change the face of
things
It is the daily triumph of
integrity over skepticism
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