|Real Estate Information|
Vegas: The New Frontier
Unless you have been living in Siberia, you know that Real Estate is on fire in many places around the country. In fact, you would be hard pressed to find a city where this was not the case. Las Vegas is one of those places that property values keep spiking upward, with no end in sight. The real spike came over the past 18 months. The city remains a juggernaut, chewing up raw land by the minute.
Unlike many other markets, which are being falsely inflated by nothing more than buyer frenzy, Las Vegas has many solid factors behind its ascent. When so-called analysts speak of a possible Real Estate "bubble", Las Vegas is not one of the places included. Looking at the factors behind the growth leads one to the understanding of how undervalued Las Vegas really is.
I. City Growth - Las Vegas has been growing by leaps and bounds for decades now. It is not some flash in the pan city that has started to grow just recently and not one that will stop any time soon. There are currently 6,000 new residents each month. Going by the actual numbers and not faulty percentages, Las Vegas is one of the top growing places in America.
II. Land Scarcity - One of the main factors behind home appreciation is the land value. When land in a desired area is in short demand (or completely accounted for), value goes up. The city of Las Vegas is running out of land. At first glance it might seem like there is a lot of land left, but when you factor in how fast the city grows, land is in short supply. It has been estimated that the city will be out of land within 4-5 years. Hot areas like Summerlin have all their land accounted for.
III. Job Growth and Diversity - Las Vegas leads the nation in getting educated workers to move to the city. Tech oriented jobs are on the rise. Qualcomm recently broke ground on a new facility in North Las Vegas citing their belief in the area and the work force. The Las Vegas area is experiencing tremendous job growth and will continue to do so.
IV. Home Sales - Even with the glut of new home developments, Real Estate is still climbing upward and being eaten up at a furious pace. The resale market alone experiences over 3,000 sales monthly of homes and approximately 700+ condos monthly. The new development market is very hot. People literally camp out waiting for a new developer to open up the waiting list. It is not uncommon for new developers, who have not even built one model, to have a waiting list of 6-8 months almost instantly. New high-rise condo developments, like Donald Trump's new towers are being sold hand over fist.
The median home value in Las Vegas has climbed just passed $300,000 and it will go higher, much higher. As of this writing, the market is favorable to buyers, but that will change as soon as next year when inventory falls. If you would like to learn more about the Las Vegas market, view more articles at my Real Estate (JakeTruman.tk) web site. I fully expect the median home price in Las Vegas to top $500,000 in the coming 2-4 years.
Copyright 2005 JakeTruman.tk
How To Get More Money For Your House
If you are thinking about selling your house, you should take a serious look at your home through objective eyes. You're probably used to all the little quirky things that need a bit of fixing up and don't look quite right, but to a prospective buyer, these things can be a real turn off.
Odors Can Make or Break The Sale of Your Home
It's amazing how important the sense of smell is to many people. If you're selling your home, and this applies across the board to houses, townhouses, condos, apartments, or whatever, you need to be aware of the power of odors.
Real Estate Negotiation Secrets
When you bought your home, you offered less than you were willing to pay, right? That's the most common negotiation technique. For experienced investors, however, that's just one little secret among the many more powerful ones.
Home Inspections or Home Warranty?
Homebuyers are a curious lot. They routinely ask thought-provoking questions.
Are You Trying to Hit a Home Run With Your Prospects Without Asking Them on a Date?
Real Estate email marketingDo you remember the old School girl/boy game of "Around the World", or "Around the Bases"? If you got a kiss you got to First Base. A french Kiss was Second Base.
How To Give Yourself A $20,000/Year Raise Without Asking Your Boss
Why without asking your boss? Two reasons, one, he or she will most likely say no; and second, he or she will probably have you committed for asking. So what do you do.
Donald Trump on Real Estate
I love what Trump says about the business of real estate.I am a big believer in setting up business systems for all my clients.
Basic Tips for First Time Home Buyers
Choosing a first home can be a daunting task, but following a few key steps makes it a lot less confusing.An essential part of the process for every home buyer is to simply do the math.
Is Housing and Real Estate Bubble Hype Irrational Exuberance?
Not so, says the author of this article and four real estate books including the recent "1001 Tips for Buying and Selling a Home". The upside of the hype is for real estate consumers and investors.
Prepare Your Rental Property for Occupancy
Among your many responsibilities as a landlord, the law provides for a warranty of implied habitability. This means that the dwelling must be considered habitable and any known problems must be fixed before you allow a tenant to take occupancy.
Walnut Creek Real Estate
Looking to relocate to a Californian suburb with a low crime rate, beautiful luxury homes and the convenience of being located just minutes from Oakland and San Francisco? Look no further than Walnut Creek. This city of just over 65,000 people is staying relatively stable in population, but new luxury homes are being constructed in this northern suburb all the time, and there are countless options.
Do Bankers, Bubble, Discounters, & Justice Department Cloud Real Estate Industry?
Once relegated to the classified advertising section of the local paper, real estate has jumped to front-page headlines and covers of national magazines. Leaders in the real estate industry are weary from interview requests for their perspectives on market conditions, the ongoing battle with the banking industry looking for entry into residential real estate brokerage, online brokerage commission discounters and investigations into their business practices from the U.
How to Sell Your Own Home and Save Thousands of Dollars
Most people take the easy way out when selling their home and hand the responsibility over to a real estate agent, when in fact the average homeowner is capable of selling their own home.Apart from the satisfaction of making the sale yourself there is the bonus of saving thousands of dollars in agents fees.
How to Become a Successful Real Estate Developer
Real estate investment and development has never been a more popular pastime or career changing challenge; if you would like to learn seven secrets for consistently successful real estate investing through development or you would like to know how you can continue to profit from property even if the market takes a downward turn just read on?1) Do Your Location Homework - did you know that through successful and sustained location research professional property investors actually continue to profit during a market down turn? It's true - whatever the market conditions you can apply their location research approach to your real estate investments and also make consistent profits from property.Take the necessary time to learn all about a town or city you're considering for your next property development purchase and discover where the up and coming areas of that town are likely to be.
Real Estate Investing Is A Better Gamble Than The Lottery
Real estate investing begins when you move to the starting point.Get ready.
Ten Myths Of Real Estate Investing
Is real estate investing only for the wealthy? Can you buy with no money down? Do you have to know the "right" people? Let's answer by looking at some of the myths of real estate.1.
Las Vegas Real Estate - Luxury Properties
Las Vegas is known for it's over the top hotels and casinos, larger than life celebrities and jaw dropping shows.Over the past couple of years the Real Estate Market has taken center stage breaking national sales records in 2003 and 2004 with record appreciation rates as high as 52%.
Negative Gearing - It's Not to Your Benefit!
The concept of negative gearing has been originally developed to encourage real estate investment in Australia by allowing any income losses from property investment to be deductible from other income as a tax benefit. This means that the taxable income of the owner will be reduced after the deduction and therefore the total tax payable is also reduced.
FSBO Novel Preface
PrefaceWe are For Sale By Owners, "FSBOs." We spend our time trying to sell ourselves and others on what we are doing or what we want to believe.
Chapter One FSBO the Russ Miles thriller/mystery novel
Chapter OneShe reached the phone on its second ring. "This is Tami!" She confidently answered.
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