Las Vegas, Nevada Real Estate News

Las Vegas Homes, Condos and High-rise condo news

A note of caution from Masoud about Las Vegas real estate news articles.

The Las Vegas homes and condos statistics which are used in these articles are based on the "closed transaction prices". Due to the fact that most home residential transactions are financed by a mortgage, the closing can take a month or more after opening the escrow, and it can take the city or county up to several weeks to enter the transaction data in their system. Depending on how fast these analysts get their hands on the required data, their analysis could reflect the market condition which was at least a month to several months old. Today's prices in the market are much lower than what these experts project in their present articles and their future articles will point to much lower numbers as they get the data for present transactions. I believe that the market is far closer to a bottom than these experts proclaim.

We have tried to shed some light on the usefulness of average and median pricing in Greater Las Vegas and expert predictions that are based on these numbers. you can find a couple blog posts below.

  1. Las Vegas median home price statistics, to believe or not to believe, that is the question
  2. Las Vegas median home price statistics, to believe or not to believe, conclusion

 Las Vegas residential real estate news articles open in new windows. Please close the windows to get back to where you came from and please advise us about any dead links.

  1. Las Vegas new and resale homes market news articles
  2. Las Vegas condominium market news articles
  3. Las Vegas high-rise condos news articles
  4. Las Vegas real estate, alleged criminals and crimes
  5. Greater Las Vegas  Market Snapshot Gives Home and Condo Buyers and Sellers Access to Up to the Minute Asking and Sold Prices in Any Particular Neighborhood
  6. For an in depth discussion of buying and selling Las Vegas homes and condos read our Las Vegas real estate blog and chat about all related topics in our Las Vegas real estate and mortgage forum

Las Vegas Homes Market News Articles

  1. Greater Las Vegas Valley home sales on comeback trail. Las Vegas Review-Journal 8/22/08
  2. Las Vegas home sales climb higher in July. Inventory stable; prices down 25.4 percent from year ago. Las Vegas Review-Journal 8/08/08
  3. HOUSING: LV foreclosures double. Troubles expected to worsen locally, nationally as ARMs reset. Las Vegas Review-Journal 8/07/08
  4. Signs are dim, but is Vegas’ future? Experts admit we’re in a deep downturn, but each envisions a rebound — eventually Las Vegas Sun 8/03/08
  5. SOUTHERN NEVADA ECONOMY: Analysts' projections sour. Echelon delays may stall housing recovery. Las Vegas Review-Journal 8/02/08
  6. HOUSING AND ECONOMIC RECOVERY ACT OF 2008: Law may be of little help to Las Vegas. Lenders would have to approve FHA refinancing. Las Vegas Review-Journal 8/01/08
  7. House OKs bill to rescue homeowners. Measure also a federal backstop for struggling mortgage giants. Las Vegas Review-Journal 7/24/8
  8. Reverse mortgage leaves borrower stunned and stuck. Homeowner misunderstood deal, owes more than he can get in sale. Las Vegas Review-Journal 7/27/08
  9. ABOVE THE DOWNTURN. Ultra luxury market thrives amid upheaval elsewhere. Las Vegas Business press 07/09/08
  10. Loser's hall of shame Five plead guilty for roles in mortgage fraud that brought $17 million in losses. Las Vegas Review Journal 7/12/08
  11. I highly recommend that you pay particular attention to the reader comments, interesting, they are. My comment is I wish the home prices would have fallen by only 19%, as the meaningless median home prices for Las Vegas indicates. Home sales show signs of life. As LV closings increase, median prices for new and existing homes drop, Las Vegas Review-Journal 04/22/08
  12. We added the pages for Las Vegas foreclosure auctions a while ago; the facts are coming out now and support our position. I still believe that our explanation of Las Vegas real estate auction process is by far better than any articles that has been published in Las Vegas news media on this subject so far. Going, going ... not gone, Home buyers find banks holding tight on prices at foreclosure auctions, Las Vegas Review-Journal 04/22/08
  13. This article about affordability of Las Vegas homes or condos is another example of an out dated and obsolete report. Other than the Las Vegas real estate analyst remarks, ignore the rest of the article. Study: Few can afford homes in LV, Local housing analysts say findings already obsolete, Las Vegas Review-Journal 04/20/08
  14. High-end property draws record prices despite downturn. Las Vegas Review-Journal 3/30/07
  15. REAL ESTATE: Single-family home sales inch up, Inventory of residences also increases, posts 2 percent rise. Las Vegas Review-Journal 3/12/08
  16. For Henderson community, nothing's like the sun, Solar construction methods used in Henderson complex. Las Vegas Review-Journal 2-25-08
  17. Real Estate and Development, LV-area ZIP codes flush with foreclosure filings. In Business Las Vegas 2-21-08
  18. Proposed bill gives states power to refinance loans. Las Vegas Review-Journal  2-12-08
  19. Median prices fall, supply of homes holds in January. Las Vegas Review-Journal  2-09-08

Las Vegas Condominium (condo) market News

  1. LV apartment rents remain flat. Concessions, home rental competition help curb growth. Las Vegas Review Journal 8/07/08
  2. Developers seeking $15 million. Vantage Lofts hopes to complete construction on first unit of stalled condo project. Las Vegas Review-Journal 7/26/08
  3. Condo buyers struggling for closure amid credit squeeze. Escrow elusive as financing grows harder to secure. Las Vegas Review Journal 7/13/08
  4. Grandview time-share complex adds towers. Time-share industry adds $2.8 billion to state coffers, Las Vegas Business press 04/21/08      
  5.  Resort condo sales prices remain strong. Single-family homes in valley sell for 88 percent less than average CityCenter condo. Las Vegas Business press 3/17/08                      
  6. BankUnited blacklists 14 local condo properties. Florida bank bases its loan refusals on 'risk-based factors'. Las Vegas Business press 2/25/08
  7. Apartment market, like housing, not so hot. In Business Las Vegas 11-09-07
  8. Grading started for condo project The Mercer. Occupancy expected in summer 2008. Las Vegas Review-Journal  9-24-07
  9. Framing nears completion at Luxe Lofts project .Work scheduled to finish by year's end. Las Vegas Review-Journal  8-20-07
  10. Juhl high-rise condo tower topped off downtown, REVIEW-JOURNAL 8-6-2007
  11. Vantage Lofts models to be done in September, REVIEW-JOURNAL 7-2-2007
  12. Brownstone living coming with Presidio Heights. Project's first eight units slated for completion in fall. REVIEW-JOURNAL 6-18-07
  13. Affordability drives density, In Business Las Vegas 6-15-07 

Las Vegas High-Rise Condo News

  1. Construction on Mercer project continues, About 60 percent of units sold, official says. Las Vegas Review-Journal 8/25/08. Developer Jim Letchinger is "proceeding cautiously" with construction of the $50 million Mercer condominium project on Tropicana Avenue west of the Las Vegas Beltway. Letchinger, president of Chicago-based JDL Development, said the 113-unit midrise condo project is about 60 percent sold and scheduled to open by the middle of next year.
  2. CITYCENTER DEVELOPMENT: Financing fears 'overdone . MGM Mirage reports decline in profits. Las Vegas Review-Journal 8/06/08
  3. IDB gets loan extension for One Queensridge Place CEO says units have not depreciated. Las Vegas Review-Journal 8/04/08
  4. Parties encounter delay in CityCenter financing. Las Vegas Review-Journal 7/30/08
  5. Housing slide hits home for buyers of condo hotel units. Lawsuit alleges exaggerated sales pitches used. Las Vegas Business press 07/14/08
  6. ON THE VERGE OF VANISHING, still no progress on mid-rise project announced in 2007, Las Vegas Business press 04/15/08
  7. QUITTING TIME. Pinnacle high-rise project canceled. Las Vegas Business press 3/03/08
  8. DEVELOPMENT: Project saved by pair's aid, Cosmopolitan lives after fund, hotel pitch in. Las Vegas Review-Journal 2-28-07
  9. Cosmopolitan work to go on amid financing negotiations. Las Vegas Business press 1-19-07                         
  10. Towers customize units, avoid cookie-cutter condos. In Business Las Vegas 12-13-07
  11. Newport Lofts: California flair, Las Vegas address. Condo complex gives Golden State buyers familiar feel. Las Vegas Review-Journal  9-20-07
  12. Thumbs down on high-rise proposal. Developer backs off as neighbor’s protest 9-17-2007
  13. Dubai World invests again. Persian Gulf state arm in second deal with MGM Mirage.9-12-07
  14. MGM MIRAGE DEAL: Dubai buys into Strip. Dubai World pays $5.1 billion for half of City Center project. Las Vegas Review-Journal  8-20-07
  15. Royal entrance at Queensridge. Move-ins start at $250 million condo project. Las Vegas Review-Journal  8-15-07
  16. Developer buys 30 condos in CityCenter. Las Vegas Review-Journal  8-2-2007
  17. Record price fetched for 'gray-shell' condominium. Sky Las Vegas penthouse rakes in $904.54 per foot High-rise condo news. Las Vegas Review-Journal  7-30-2007    TOP

Las Vegas real estate, alleged criminals and crimes

A bank robber was asked why he robs banks and answered that is were the money is. Real estate is about money and where money is, so are criminals. Following is some news articles that discuss crimes and alleged criminals and how they scam people.

  1. HOUSING SLUMP: No notice, no home, more renters left suddenly homeless when homeowners don't pay mortgage. Las Vegas Review-Journal 3-16-07

The lady whom this article discusses was honored as one of the movers and shakers in Las Vegas and was featured in an article about Las Vegas 30 under 30 business persons.

  1. Real estate broker, spouse indicted on fraud charges. Authorities say LV pair allegedly in scheme involving inflated home prices, straw buyers. Las Vegas Review-Journal 03-15-08

  2. LV at center of mortgage-fraud bull's-eye, official says feds come 'in droves' to investigate chicanery. Las Vegas Review-Journal 3/15/08

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Masoud 702-271-6113, Karen 702-271-5903, Parviz 702-343-3467

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