Las Vegas Real Estate Blog

Las Vegas real estate experts discuss real estate timing with Jim Vander Mey, an accountant from Washington State. Jim explains why he feels it is a good time to buy a home in Southern Nevada.

Thanks to local Las Vegas real estate professionals Steve Hawks and Kedall Trotter for once again providing in depth coverage of the Las Vegas real estate market.  Always right on the money.  Hats off to Mr. Jim Vander Mey for contributing his invaluable insight and clearing up some murky waters for us.

httpv://www.youtube.com/watch?v=OI9Yqb0jtgM

Kendall Trotter and Steve Hawks discuss the repercussions of the elimination of FHA down payment assistance programs. Homeowners and home buyers know these programs as Nehemiah,Ameridream etc. HUD officials said approximately 33% of FHA loans used down payment assistance,and these loans caused “substantial losses.” The agency has asserted that borrowers of down payment assistance-style loans have defaulted at a higher rate than others, endangering government loan guarantees.The groups that sponsor these programs say their studies show the opposite.Hawks states it will definitely take a huge player out of the market, it will send shockwaves through the market and most likely harm the recent signs of recovery.This is not the time to take way one of the most popular loan products in the country. Down payment assistance did not cause the “American Mortgage Crisis” Contact Las Vegas consumer advocates Kendall Trotter and Steve Hawks on how to contact your local government representative to keep available the most popular loan programs in the country.

httpv://youtube.com/watch?v=SE0wZ69AaAs

Two of Las Vegas top real estate analyst Kendall Trotter and Steve Hawks discuss the future of the luxury home market in Las Vegas.Steve Hawks states the semi custom million dollar luxury homes in guard gated communities is going to be hit the hardest. “We already see some homes that were one to two million selling between 600 thousand and 800 thousand” The high rate of cash back mortgage fraud in the million dollar market will cause the highest rate of million dollar foreclosures in history. The jumbo loan market has all but dried up. Jumbo loans are now requiring 15-25% down and usually a point or two higher on the rate. The two forecasters would like to report better news but the facts are the facts, prices are getting butchered in the million dollar market! Buyers get ready to have a feast grander than any Las Vegas buffet.

httpv://youtube.com/watch?v=26zvtJd10sE

With such a mixed bag of news coming from all directions regarding the Las Vegas housing market, at least its nice to hear the local news media reporting on something positive, rather than continuing with the doom and gloom we’re all so used to.

Thanks to Makea Turner for posting this great video on YouTube and sharing it with us.

httpv://youtube.com/watch?v=pQJGlwzDQis

Get All The Latest Las Vegas High Rise Condo News, Information and Deals. Visit:
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http://www.TheView99lv.com
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Or Call 1-800-856-0687 -24/7 To Receive Market Reports, Deal High Light Reports and Las Vegas High Rise Condominium Development Information.

Las Vegas real estate agents and consumer advocates Kendall Trotter and Steve Hawks discuss the repercussions that The current Foreclosure Prevention Act “Builder Bailout” legislation could have on existing property values.

httpv://www.youtube.com/watch?v=F1YcHNiaKUk

If you haven’t yet been over to The Frothing Developer’s website, www.frothingdeveloper.com, then you’re missing a wonderful angle & unique viewpoint on the Las Vegas real estate market. Alex Edelstein, CEO of Gemstone Development refutes, debunks, and demystifies what the national and local press have to say about the Las Vegas real estate market. Recently, Alex was featured on Fox news speaking about the Las Vegas real estate market, how he feels about the current state of affairs, the future of Las Vegas real estate, and how it stands up to markets such as Miami and Detroit.

Gemstone Development CEO, Alex Edelstein discusses Las Vegas real estate, the Las Vegas economy, and the Frothing Developer blog, on Fox Business News, July 1, 2008.

httpv://www.youtube.com/watch?v=rSm978jfYGE

Many of you may not be aware of whats taking place Downtown Las Vegas. There are many projects planned and underway that will add to our ever changing Sky line. Down Town Las Vegas is going through a huge revitalization process which will add more High/Mid rise condos,Fine dinning,shopping, Medical District, Jewelry Center and more. Over the last 5 years land prices have quadrupled down town and with New High End Loft Style residential offerings you can expect to see prices go much Higher in the coming years. Check out todays podcast at www.LetsTalkLasVegasHighRiseCondos.com to listen to todays show. I discussed more in detail about Down Town Las Vegas and some of the opportunities that are currently available. CLICK HERE to view some of the best deals available at Newport Lofts these condos are priced way below builder pricing and what they were originally purchased for. If you would like Information on other condos available Down Town or any where else in the Valley visit www.MakeaTurnercbw.com

httpv://www.youtube.com/watch?v=NF3nbihb8gI

It’s an absolute shame. As if devaluing Las Vegas neighborhoods through foreclosure wasn’t enough, uncaring and vicious homeowners are adding insult to injury by tearing up & defacing their foreclosed homes, further devaluing the property. You won’t believe your eyes when you see one Las Vegas man ravaging his home and disemboweling it – spewing its innards into a heaping pile of garbage in the backyard. Are we to believe that these “innocent” homeowners were victims of the housing bubble? It looks to me like they never should have been homeowners in the first place. Thanks to Channel 8 KLAStv for the report.

People in the valley are losing their homes to foreclosure at alarming rate. Now they are lashing out — destroying those homes before the bank takes over. Reporter Travell Eiland investigates. KLAStv Las Vegas.

httpv://www.youtube.com/watch?v=F5zKGUEMhZo

(Congress discussing safety standards of Las Vegas High Rise Construction. Great video.)

httpv://www.youtube.com/watch?v=OvfuqKQax78

Thank you to Las Vegas High Rise Condo Specialist and licensed Nevada real estate agent Makea Turner for finding and displaying this video on YouTube.

Get All The Latest Las Vegas High Rise Condo News, Information and Deals. Visit:
http://www.MakeaTurnercbw.com
http://www.TheView99lv.com
http://HighRise99lv.blogspot.com
Or Call 1-800-856-0687 -24/7 To Receive Market Reports, Deal High Light Reports and Las Vegas High Rise Condominium Development Information.

Home owners across the country are starting to realize that in many cases, the value of their home is not going to recover in time to refinance out of their adjustable rate mortgage. Homeowners were told by the lender they would be able to refinance their home when their has adjusted. What many lenders failed to tell the homeowner is they would only be able to refinance if the home value goes up. Now home owners who will not be able to make the new payment are looking for alternatives to remain homeowners. Some are choosing to “Buy and Bail” as the media has called it.The home owners who were given a bad loan are now giving their house back to the bank, but only after they get a good loan on a similar house for half the price. Las Vegas leading consumer advocates and Realtors Kendall Trotter and Steve Hawks discuss this recent homeowner phenomena and possible repercussions.

httpv://www.youtube.com/watch?v=i49d0oP3gpI