International Property Investment » Las Vegas real estate investment

Las Vegas Real Estate as an Investment – Place Your Bets

Mark Knowles — Tue, 21 Apr 2009 12:05:42 +0000

With property values continuing to decline all around the world, one has to ask the question as to which market is the most likely to become an attractive investment destination first. Personally, I think we have some considerable distance to fall still, but that gives the property investor time to give serious consideration as to their next investment. Anyone considering buying property in the USA as an investment should seriously look at Las Vegas with an eye on the future.

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A Las Vegas Mob Museum on the U.S. Government’s Dime? Maybe!

pgrundy — Thu, 22 Jan 2009 15:19:05 +0000

Sin never goes out of style, no matter what the economic conditions, no matter what the location. Leave it to Las Vegas, Nevada, Sin City USA, to have the temerity to propose an homage to sin in the form of a “Mob Museum” commemorating the history of organized crime in America.

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US Property Prices Still on a Downward Spiral

Mark Knowles — Thu, 31 Jul 2008 07:14:05 +0000

Doom, gloom and further drops in house values about sums up the latest report from the S&P/Case-Shiller index which tracks home prices in 20 key American markets

Home prices dropped 16% in May from May 2007 – with a decline of 23% since the peak in July 2006. On a month-by-month basis, prices dropped by 0.9% Not all the data were negative. Of the 20 markets tracked, house prices rose in 7. But many economists are saying that the housing market has yet to bottom out because home supply still outstrips demand in some areas of the country. As usual, the previous hot-spots Las Vegas and Miami saw the largest declines – over 28% down from last year.

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Price Cutting Fails to Boost U.S Home Sales

Mark Knowles — Thu, 22 Nov 2007 10:17:28 +0000

Despite massive cuts in price ( Las Vegas developer KB Home started slashing prices several months ago and in the 1,400-home Huntington community, a subdivision of two-story stucco houses west of the famed Strip, homes that started at $320,000 a year ago are now listed for $270,000,) the US housing market continues to decline.
According to the National Association of Home Builders, sixty percent of builders cut prices last month to no avail. The reasoning is that buyers are wary of buying a new home for fear that another price cut may be in the offing afterwards and they will have to eat a portion of the sale price immediately. There’s a certain twisted logic to this thinking that’s leaving builders in a no-win situation.

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Vegas Builder slashes prices

Mark Knowles — Wed, 10 Oct 2007 12:43:06 +0000

Not so long ago, Las Vegas was the hottest of the red-hot real estate markets. But when sales started falling last year, developer KB Home did something out of the ordinary. Determined not to be caught with a backlog of unsold homes through one of the industry’s down cycles, the builder started slashing prices. In the 1,400-home Huntington community, a subdivision of two-story stucco houses west of the famed Strip, homes that started at $320,000 a year ago are now listed for $270,000.