Las Vegas Real Estate Investing

Saturday, September 7, 2013

Rising Rates Prompt Cash Buyers to Act

On top of being attributed to the slowdown in pending home sales, it looks as if high mortgage rates may also be an underlying factor for the increase in cash purchases across the national housing market. According to RealtyTrac's recent report, about 40 percent of residential property sales were all-cash transactions. RealtyTrac's VP, Daren Blomquists, suggests that rising rates could be leading to a higher percentage of cash purchases, while "some non-cash buyers can no longer afford to buy, particularly in high-priced markets."

Read more at the article:
http://www.dsnews.com/articles/rising-rates-prompting-action-from-cash-buyers-2013-08-29

Graph: REALTYTRAC.com
Source: DSNEWS.com

Thursday, September 5, 2013

Las Vegas Leads All Cities with 24.9 Percent Home-Price Gain

According to The Standard & Poor's/Case-Shiller 20-city home price index, U.S. home prices rose 12.1 percent in June 2013 from a year earlier, and the 24.9 percent gain in Las Vegas led among all 20 cities. The report released last Tuesday showed that all cities included in the home price index posted gains from the previous month and compared with a year ago.

Check out the article for more info:
http://www.reviewjournal.com/business/housing/las-vegas-leads-all-cities-249-percent-home-price-gain

REVIEWJOURNAL.com

Tuesday, September 3, 2013

New Large-Scale Master Plan Proposed for Las Vegas

From the article:

A partnership wants to give Las Vegas its first new large-scale master plan since the recession. But the site being eyed has a cloudy history, and the state of the market could give it an unclear future.
The Olympia Cos., in partnership with New York investment groups Stonehill Capital Management and Spectrum Group Management, are looking to build out the 1,700-acre master plan at U.S. Highway 95 and Kyle Canyon Road that Focus Property Group was set to develop in 2007 before foreclosure scratched the idea.

Investor Central