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Here is a Las Vegas Real Estate Investor update – this past week’s news that big time billionaire financier Carl Icahn has purchased the not yet completed Fountainebleau Casino Resort located at the north end of the Las Vegas Strip certainly indicates investor interest in Las Vegas Real Estate. Mr. Icahn is placing a big bet and many think he sense the bottom of the market.
This commercial transaction reinforces other big…
Las Vegas Real Estate Shifts to a market that reflects much of 2009; but, with some caveats. We believe the market has bottomed out in terms of any appreciative negatives months ago and we will not see nearly as many Las Vegas Foreclosures in 2010. As we move forward into they year we also believe Las Vegas Real Estate will continue to stabilize.
Many analysts are tying the number of job that…
Las Vegas Short Sales dominates all pending Las Vegas Real Estate Sales and we believe this trend will continue and possibly accelerate as we move through 2010. The increase in Las Vegas Short Sale means that banks are more willing to work with distressed homeowners and be more flexible on price reductions. This in turn helps to minimize Las Vegas Foreclosures.
Las Vegas Short Sales
Of the approximately 13,403 current pending sales based…