Investing

May 23, 2012

SALES OF PREVIOUSLY OWNED HOUSES INCREASE NATIONWIDE IN APRIL

Americans bought more previously owned homes in April, a hopeful sign that the housing market is
gradually improving.

The National Association of Realtors said that home sales rose 3.4 percent last month to a seasonally
adjusted annual rate of 4.62 million. Home sales have rebounded after falling in …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Short Sales, Statistics
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May 8, 2012

LAS VEGAS HOME PRICES RISE FOR THE THIRD STRAIGHT MONTH IN APRIL - THE INVENTORY OF LISTINGS CONTINUE TO SHRINK

The median price for 3,185 single-family homes sold in April was $127,900, up 4 per cent from the previous
month, and up 2.3% from April 2011.

It is the first time prices have increased on a year-over-year basis since August 2010, said Kolleen Kelley, President of the Realtors …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Short Sales, Statistics
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May 5, 2012

LAS VEGAS NEIGHBORHOOD LIFT PROGRAM FROM WELLS FARGO HOME MORTGAGE AIMS TO HELP LOCALS BUY HOMES

1,100 prospective home buyers registered for the two day Neighborhood Lift workshop at the Riveria hotel.

This program is designed to attract qualified home buyers to neighborhoods struggling with high inventory
of unsold homes, offering as much as $15,000 in down payment assistance grants to prospective homebuyers who meet income …

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Posted in Buying, Investing, Las Vegas, Local Economy, Short Sales
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May 3, 2012

PHOENIX FINDS ITS WAY OUT OF THE DOWNTURN: A MODEL FOR RECOVERY

The Arizona capital of Phoenix was one of the hardest hit markets by the housing crisis, with home values plunging nearly 60 percent from 2006 through mid-2011 and foreclosure filings soaring.

As recently as June 2011 Phoenix held the second highest metro foreclosure rate in the country, behind only Las …

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Posted in Buying, Foreclosures, Investing, Las Vegas, Local Economy, Statistics
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May 2, 2012

CLOSED SAHARA HOTEL IN LAS VEGAS RECEIVES $300 MILLION FINANCING FROM SBE ENTERTAINMENT OWNERS TO BE "BORN AGAIN" AND REOPEN IN 2014

SSL LAS VEGAS WILL HAVE ROUGHLY 1,600 ROOMS AND OPERATE AS A TRULY BOUTIQUE RESORT

By the time SLS Las Vegas opens, there will be SLS branded hotels in several U.S. cities including New
York, Los Angeles, Chicago and Miami.

The construction funds, raised by J.P. Morgan Securities, marks the …

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Posted in Buying, Investing, Las Vegas, Local Economy
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April 28, 2012

LAS VEGAS NEW HOME SALES PROJECTED TO RISE UP TO 5,000 THIS YEAR, AN INCREASE OF 1,000 FROM AN EARLIER PROJECTION

The battered new home segment is coming back slightly as resale inventory tightens and prospective
buyers find themselves competing against multiple offers from cash investors, housing analyst Dennis
Smith said Friday.

The President of Home Builders Research revised his projection upward to 5,000. New home sales fell
to the …

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Posted in Investing, Las Vegas, Local Economy, Statistics
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April 26, 2012

WELLS FARGO OFFERING DOWN PAYMENT ASISTANCE FOR QUALIFIED BUYERS UP TO $15,000 IN SELECT LAS VEGAS AREAS

Through the Neighborhood Lift Program designed to attract prospective home buyers to neighborhoods
struggling with high inventory of unsold homes.

Wells Fargo loan officers will explain the program and take applications during a May 4-5 event at the Riviera
Hotel convention center. Similar events have been held in Los Angeles …

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Posted in Buying, Investing, Las Vegas, Local Economy, Statistics
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April 21, 2012

INVESTOR SAYS "LAS VEGAS REAL ESTATE VALUE IS LONG TERM"

George Wolin, the principal of Crescent Bay Holdings, from Scottsdale, Arizona, drove around the master planned North Las Vegas development by the recently bankrupt Olympia Group.

He realized that the $21 million price for 1.340 acres was a fantastic deal - 2 expensive Beltway interchanges required for the development have already been …

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Posted in Buying, Investing, Las Vegas, Local Economy, Statistics
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March 28, 2012

HENDERSON BASED ZAPPOS LATEST VENTURE FOR TALENT DOWNTOWN

Zappos CEO's latest deal would lure college graduates for stints with downtown startup companies.

Zappos efforts to remake downtown Las Vegas took another step forward with a real estate deal and plans
to lure more young talent to the area.

The Downtown Project, funded by Zappos CEO Tony Hsieh …

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Posted in Buying, Investing, Las Vegas, Local Economy
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March 18, 2012

HENDERSON BASED ZAPPOS DOES IT AGAIN!!

Adding another piece of downtown Las Vegas real estate to the Downtown project inspired
by Zappos CEO Tony Hsieh.

Recently closing a $ 4.1 million transaction to acquire the former 7-11 building just east of the
Fremont Street experience and at the gateway of the Fremont East entertainment district.

Hsieh …

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Posted in Investing, Las Vegas, Local Economy
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