Las Vegas Real Estate Blog

Influx of high-rise condos starting to sway housing statistics --- By HUBBLE SMITH
REVIEW-JOURNAL

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Are you planning on Thanksgiving day to visit your family and relatives? I do. Parking at the airport during the holidays can be a headache. Flying in or out Las Vegas - McCarran Airport (the sixth busiest airport in the nation) is going to be quite hectic. 

Few advises for the last minute:

• Get a ride to the airport if you can.Take a taxi or a bus, get a ride with a family member or a friend
• Airport Parking will be stuffed!

• If you have to park and catch a flight, airport officials say there will be signs directing you to specific parking lots.  They also recommend you give yourself an extra 30 minutes than you would on a non-holiday season. 

• To Park or not to Park?... Better NOT. But if you have to than be prepared! 

Two new parking lots are opening or holiday travelers. The lots will provide over 6,000 parking spots. Two new parking facilities marked in green and blue. They also have an additional parking option marked in red at the Thomas and Mack Center.

Map: courtesy of

 http://news.eyewitnessnews8.com/

Click to see larger scale

You can track individual flights, both inbound and outbound, on our mobile website, mobile.lasvegasnow.com. Or, you can see a list of arrivals and departures at McCarran International Airport's website.

It is nothing new about it. Just a twist to what used to be a normal practice in the old days. But in today's convulsionate housing market seems to make a lot of sense and resonate to many potential sellers and buyers.

There are not only "buyers" or "sellers" working with each other, out there . There are the "seller-buyer" as one potential customers. Many people are not buying homes today, because they can't sell theirs. Majority of the buyers are trapped in homes they want to sell while purchase a new property until their current home is sold! 

It is something close to "Selling with contingency to Buy". But usually that involves the risk for the seller to find and close the buying contract within the same time frame as closing his own property's selling contract...  In this market is something no-one would go for.

Here comes the novelty of the swapping properties. There is no risk involved as both buyer and seller are working simultaneously to close both deals in the same time. Real estate owners may now trade their property for others that fit their criteria... Benefits everybody and is a safe business environment.

What started a while ago as an idea to swap properties for vacation purpose can very well work for buying and selling properties across the cities, state and even overseas.

Think about the ramification, advantages on all sizes (seller-buyier-agent) of such practice.

If you've read The blogosphere's take on the 2007 NAR convention (Updated) -John Novak - posted on 11-17-07, you've already got the overall information on the event.

I like to highlite the issue that dominated the event about the "negative media reports" regarding the real estate market and the ripple effect thereafter on the general economy.  

From the NAR's chief economist to panel moderators and member participants, the subject came up over and over -- it's all to blame on these negative news stories that are scaring buyers away from the housing market.

Blame for real estate's current depression was also directed to the regulators for not acting on interest rates fast enough and to the lenders for making too many subprime loans.

The subject was up and out for debate... and debates were getting hot. So much so that became eminent to ignite an open exchange of ideas at Inman News.  We learned that today dozens of letters were received responding to a column by Bernice Ross, a real estate coach and author who writes a weekly article. In her column, "Real estate hurt by media spin," she gives a different perspective on what she understands to be negative spin on real estate housing media news.

I recommend you to spend few minutes and read the article. Her suggestion is to spin it the other way by revealing the positive facts. Many readers wrote in to say they agreed with Ross' that somehow the media is at fault for focusing to much on the bad news. But not everyone agreed...

Still remains a controversial issue, opinions are divided but the bottom line is that no matter how we perceve that it is about time to look for solutions. The actual crises of housing industry changed the face of real estate forever.    

Glenn Dorfman, chief operating officer of the Minnesota Association of Realtors, says: " that the industry should be cautious not to fall into the "blame someone else American ethic." Real estate has been hurt by spin, but irrational exuberance has been much more damaging than negativity could ever be. I for one am tired of the attacks by those who don't know the difference between ignorance and optimism. Too many 'optimists' view 'realistic' projections as negativity and try to discredit those with opposing views," he wrote.