Las Vegas Real Estate Blog

What are you waiting for? Get out there and start investigating! Read an excellent article:

"The price of oil, the price of all commodities, are going to go much higher during the course of the bull market, and the bull market's got another 10 to 15 years to go.

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

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I came across of a great article: Housing Bust Creating a New Superboom by Martin D. Weiss, Ph.D. 03-03-08, and just could not avoid the temptation to share it with you.

The article goes into great details of all, U.S. economy, ramification afflicted by the current situation: housing, consumer confidence, layoffs and unemployment, stock market...

Truth is that the subject is taboo and not to many are willing to discuss it openly... I might be unpopular to bring this in my blog but I consider that is the right time and place to look into it.

All the latest news reports suggesting that U.S. Economy is not sinking rapidly into recession are either trying to push a biased agenda or living on another planet.

Decline in residential real estate values is already the worst since modern records were kept. The median price of new homes sold has tanked 15.1% from January of last year, the biggest drop in any month since at least 1964.

The truth is:

• This recession is undeniable

With all the economic facts and indicators at this stage - plunging home sales and prices, falling consumer confidence and spending, surging unemployment... - no responsible mind could conclude or deny the reality.

• This recession is unavoidable

With inflation already surging and the dollar already plunging, it's nothing the Federal Reserve, the Treasury, the White House or Congress can do quickly enough. Housing market bailouts, stimulus packages and interest-rate cuts are likely to accomplish little more than push the dollar over the brink, drive commodity prices through the roof, propel inflation beyond control and, ultimately, deepen the crisis.

1. the virtual shutdown of some of the nation's most important credit markets.
2. the value of residential real estate is plunging nationwide.
3. countless middle-class Americans are defaulting on their mortgages, abandoning their homes.

The Real Estate market has a major impact on the declining economy and there is no much room for improvement but to advise the real estate owners how to get minimum impact from the hit wave of market meltdown.

• If you're selling your home, price it aggressively. The sooner the better.
• If you're pondering what to do with commercial properties, stop guessing and start acting: Sell!
• If you're looking for a new place to live, don't buy. Rent.
• If you're seeking bargains, don't rush. Wait. It's far too soon. And for the truly great bargains that will come later, be ready to pay cash or a very substantial down payment.
• If you own real estate but can't sell, hedge with an inverse ETF like ProShares UltraShort Real Estate (SRS).

I made a comment on one of my latest post about my personal experience I have with the potential buyers strategy investing in Las Vegas market... It is a tough time but the right time to understand the reality of this fast declining market.

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

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Las Vegas' neighborhoods are still recovering from the slump caused by overbuilding, speculation and subprime lending. Foreclosures line the streets and planned luxury high rise condos on the Las Vegas Strip are incomplete or sitting vacant. Looking ahead, changes to the job market and lending industry are about to put new pressure on Las Vegas' housing market.

Las Vegas economy is unique and has a life of itself as every impact comes from the Casino, Gambling, Entertainment and Tourism industries. History has shown the Las Vegas economy rebounds from any economic slump when the Strip goes through a building boom. Las Vegas has its own way of surviving economic downturns -- build more Strip resorts. And Las Vegas Strip goes through a building boom. To name only few of the giant projects:

• The Fontainebleau Las Vegas is taking shape on Las Vegas Boulevard South near Sahara Avenue. The project is to open in 2010 with some 4,000 hotel rooms and condominiums.
• Some 40,000 new hotel rooms are in phases of planning and construction along Las Vegas Boulevard that will keep a construction work force employed through 2012.
• CityCenter development on the southern end of the Strip between Bellagio and Monte Carlo. The 77-acre site includes a 4,000-room hotel-casino, three boutique hotels that will include high-priced residential condominiums and a luxury condominium-only development. The hotels and condos will connect with a retail, entertainment and dining complex. When it opens, it is expected to provide jobs for more than 12,000 workers.
• Trump International Hotel & Tower is expected to open on March 31st.2008, with 1,282-unit, but the project does not include a casino.

And the list can go on... The increase in Strip resort translates into employment demand not only in Casino-Gambling but more jobs in other areas: professional services, retail, commercial services -- all needed to service an increase in the Las Vegas Valley's population.

Experts are predicting that, considering all the characteristics and trends Las Vegas exhibits, at the latest end of 2009 a major shift will turn the housing industry around. So far the best time to invest in the current market will pay off later... Buyers who wait in 2008 will stand in line in 2009

Read more about what experts are projecting for Las Vegas economy, http://www.lvbusinesspress.com/articles/2008/02/05/news/iq_19267417.txt

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

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The Meridian Condos - Las Vegas Condos - Las Vegas Vacation Homes for SALE

The Meridian at Hughes Center is the premier apartment community in Las Vegas with Studio, 1 and 2 bedroom residences. Location: 270 E. Flamingo Rd. Bldg.1-206, Las Vegas NV. 89109 View Flyer 250 E. Flamingo Rd. Bldg.1-206, Las Vegas NV. 89109 View Flyer Lush landscaping, expansive greenbelts, romantic courtyards, fountains and pools - all work together in harmony to create the classic Mediterranean-style ambiance of this unique residential community.

Las Vegas Condominium Sale - Condo in Las Vegas - Las Vegas Luxury Condos - Condos for Sale LATEST LISTINGS THE MERIDIAN The Meridian Condos / 2bd, 2ba / for SALE - Bldg.1-206    VFlyer adds http://lasvegasbuyrealestate.vflyer.com/20/index.html    Craig's List http://lasvegas.craigslist.org/rfs/590579344.html   The Meridian Condos- Studio Units for SALE - Bldg.    VFlyer adds http://lasvegasbuyrealestate.vflyer.com/home/flyer/home/1521995    Craig's List http://lasvegas.craigslist.org/rfs/598240870.html

Contact me for information about any available condo unit for RENT, Lease with option to BUY or SALE! This is a rapidly changing market with projects and inventory changing daily, for the most up-to date information call:

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

Related terms: las vegas real estate, las vegas buy real estate, las vegas real estate agent, las vegas buy and sell real eatate, homes for sale in las vegas, las vegas sell real estate, lasvegas real estate, homes for sale in las vegas, summerlin nevada real estate, summerlin, real estate agent las vegas, Las Vegas Condos - Luxury Condos - Las Vegas High Rise Condos, las vegas board of realtors, real estate listings las vegas, agent las vegas real estate, the truth on las vegas real estate, homes for sale in las vegas nv, nevada las vegas new homes, residential real estate listings las vegas, las vegas homes for sale, summerlin real estate, vacation homes in las vegas, henderson homes for sale, Condos - Las Vegas Condominium Sale - Condo in Las Vegas - Las Vegas Luxury High Rise Condos - Condos for Sale - las vegas real estate companies, new homes in las vegas, homes for sale las vegas.

Boca Raton Vegas - Condo for SALE - Where vacation never ends!

On Las Vegas Boulevard midway between the world-famous Strip resorts and the developing South Strip, Boca Raton is right next to the legendary excitement of Las Vegas yet offers a relaxing escape from it all. Location: 2455 West Serene Avenue, Las Vegas, NV.89123 View Post LATEST LISTINGS Feng-Shui is the art of living in harmony with your environment for health, wealth and happiness. At Boca Raton it is important to create and have a “positive” Feng-Shui in the community, so the buildings as well as the underground parking were designed in the shape of the number 8, resembling the sign for infinity a classic symbol of luck and a very positive number in Feng-Shui.

Las Vegas Boca Raton Condominiums provides residents the comfort of a calm, peaceful community just minutes away from the hustle and bustle of Las Vegas Strip. The condominiums cater to both high-end, year-round residents and vacation homebuyers who are looking for a luxurious part-time residence. Built upon the two two-story parking structures and provides residents a private street-side entrance and beautiful staircase entrance.

Las Vegas Condominium Sale - Condo in Las Vegas - Las Vegas Luxury Condos - Condos for Sale BOCA RATON Boca Raton Condominium Unit #622 for SALE - Bldg.3    VFlyer adds http://lasvegasbuyrealestate.vflyer.com/4/index.html    Craig's List http://lasvegas.craigslist.org/rfs/598243313.html    (NEW)   Boca Raton Condominium Unit # 241  for SALE - Bldg.4 (Back on Market)    VFlyer adds http://lasvegasbuyrealestate.vflyer.com/home/flyer/home/1562899    Craig's List http://lasvegas.craigslist.org/rfs/608051037.html

Contact me for information about any available condo unit for RENT, Lease with option to BUY or SALE! This is a rapidly changing market with projects and inventory changing daily, for the most up-to date information call:

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

Related terms: las vegas real estate, las vegas buy real estate, las vegas real estate agent, las vegas buy and sell real eatate, homes for sale in las vegas, las vegas sell real estate, lasvegas real estate, homes for sale in las vegas, summerlin nevada real estate, summerlin, real estate agent las vegas, Las Vegas Condos - Luxury Condos - Las Vegas High Rise Condos, las vegas board of realtors, real estate listings las vegas, agent las vegas real estate, the truth on las vegas real estate, homes for sale in las vegas nv, nevada las vegas new homes, residential real estate listings las vegas, las vegas homes for sale, summerlin real estate, vacation homes in las vegas, henderson homes for sale, Condos - Las Vegas Condominium Sale - Condo in Las Vegas - Las Vegas Luxury High Rise Condos - Condos for Sale - las vegas real estate companies, new homes in las vegas, homes for sale las vegas.