Archive for June, 2005

Las Vegas Condominium High Rise Project Cancelled – What Will Michael Jordan Do Now???

Thursday, June 30th, 2005

A Las Vegas condominium high rise project backed by NBA star Michael Jordan has been cancelled. According to a recent press release, the project was to have included a Michael Jordan athletic center and one of his signature steakhouse restaurants. It would have been built in a desirable location on the Las Vegas strip, right […]

Las Vegas Real Estate Vacancy Rates At 5-Year Low

Saturday, June 25th, 2005

Las Vegas real estate continues to be hot, especially when it comes to commercial property. Vacancy rates for Las Vegas real estate is at a five-year low right now.
Vacancy is at 3% in the particularly hot Summerlin area in the northwest part of the Las Vegas Valley.

In Business Las Vegas indicated that a strong economy […]

Las Vegas Mortgages Unsustainable?

Thursday, June 23rd, 2005

Las Vegas mortgage consumers frequently take advantage of services that lower payments on Las Vegas mortgages toward the beginning of the loan, but then necessitate larger payments later on in the loan period.
A report from MSNBC today voiced concern that these types of Las Vegas mortgages could be harmful. If the price growth of […]

Las Vegas Real Estate Auction Brings in $33 Million

Thursday, June 16th, 2005

A Las Vegas real estate auction held yesterday brought in $33,220,000. The auction, conducted by the Bureau of Land Management, saw the sale of 281.54 acres in Laughlin, Nevada, just 2 hours south of Las Vegas.
Several Las Vegas real estate development companies ended up purchasing land in this town in the southern tip of Nevada. […]

Las Vegas Homes For Sale Continue to Appreciate.

Monday, June 13th, 2005

Las Vegas homes for sale reached new highs this year. Between May 2004 and May 2005, the median price of Las Vegas homes for sale rose 13%. The median price for a house broke the $300,000 mark for the first time.
KVBC Las Vegas reports that the number of Las Vegas homes for sale also […]

Las Vegas Real Estate Prices Rise for Used Homes

Monday, June 6th, 2005

Nevada real estate prices for previously owned homes have risen more than those of any other state over the past four quarters. A new Office of Federal Housing Enterprise Oversight report found that Las Vegas real estate and Reno real estate are the number 2 and 3 metropolitan markets in the country right now. […]