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Las Vegas – The Good, The Bad, And The Ugly News

Ruth Ahlbrand — Mon, 08 Aug 2011 15:51:58 +0000

Frog Says NEVER Give Up!

Here is some good news , some no so good news, and the falling stock market is the ugly news.

THE GOOD NEWS FIRST:

Not often do we report on the water level at Lake Mead, but this is really good news for Las Vegas. Over the past 10 years the water level has dropped. The Colorado River supplies Lake Mead with water. Colorado River is having is 3rd wettest year…

Las Vegas Gaming Industry Update

Ruth Ahlbrand — Tue, 16 Nov 2010 20:53:17 +0000

We are holding our annual American Gaming Association meeting here in Las Vegas. Today’s address by Frank Fahrenkopf, the Chief Executive highlighted some information generated by polling members. The industry as a whole is experiencing some revenue growth in some markets, based on polls and reports.

But, based on polls received from members, 47% of those polled believe it may take 2-4 years for the industry to fully recover. Like other industries, the…

Las Vegas Real Estate Fall 2010

Ruth Ahlbrand — Sun, 03 Oct 2010 22:36:52 +0000

The Las Vegas Real Estate market continues to reflect similar trends we’ve seen for the last 24-36 months with no appreciable changes.

Las Vegas Foreclosures continue to drive our market as well as across the rest of the nation. Based on number just released from Realty Trac, approximately 25% of all sales across the US were foreclosures, with Las Vegas in a similar position.

The positive news about foreclosures is that just under 250K…

City Center Driving Las Vegas Brand

Ruth Ahlbrand — Wed, 07 Jul 2010 22:54:57 +0000

City Center opened in December of 2009 to much fanfare and some skepticism. But, it’s rapidly become the go to example of the “can do” Las Vegas spirit, with only one development delayed to date, the Harmon – everything else has been on schedule.

But, everything else is all good – MGM Grand has exceeded expectations by developing 27 acres of prime real estate on the heart of the Las Vegas…

Invest in Las Vegas Real Estate

Ruth Ahlbrand — Mon, 31 May 2010 23:11:09 +0000

We are asked just about every day by prospective homeowners and investors if its time to invest in Las Vegas Real Estate. With prices lower than they have been in this decade, we always answer yes!

Investors are getting some great deals in Las Vegas, with many snapping up deals in the $75-150K range that generate a positive return with a modest down payment. For new homeowners, we have pricing on some…

Las Vegas Short Sale Agent

Ruth Ahlbrand — Tue, 18 May 2010 23:13:14 +0000

A Las Vegas Short Sale Agent is certainly in demand in our market. Las Vegas Real Estate is starting to appreciate and recovery is the word many professionals are using in daily conversations. Our real estate market has been one of the most dynamic markets in the world and we believe the pendulum is finally swinging back to the positive side of the ledger.

Las Vegas Bouncing Back

Our DNA here in Las…

Las Vegas Home Sales

Ruth Ahlbrand — Tue, 11 May 2010 02:45:04 +0000

Las Vegas Home Sales are trending in the right direction. For the first time since 2007, home prices have increased on a year to year basis, as reported by the Greater Las Vegas Association of Realtors earlier today. We expect this Las Vegas Home Sales trend to continue moving forward as our market continues to bounce back.

Las Vegas Home Sales

We are pleased to report the median price of a Las Vegas home…

Canadians Investing in Las Vegas Real Estate

Ruth Ahlbrand — Fri, 07 May 2010 04:39:59 +0000

We have more and more Canadians who are taking an interest in and investing in Las Vegas Real Estate, not to mention investors from many other countries around the world.

We thought it might be helpful to talk about some of the financial workarounds for our great neighbors to the North.

Unfortunately, Canadian Banks won’t typically finance the purchase of Las Vegas Real Estate; or if they do, will charge an interest rate of…