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The Economy

A World of Luxury

The world of luxury homes and estates continues to amaze and reach new heights. The Versace mansion in Florida recently went on the market for $125 Million and is reported to be getting an incredible amount of activity. Millionaires buy bea...

REAL ESTATE BIDDING WARS ARE BACK!

What? That’s was so 2005. But, yes, real estate bidding wars are back in Las Vegas! The inventory of homes for sale without a contingent or pending contract has shrunk to an approximate one-month supply. Homes for sale under $150,000 are ...

Housing has found the bottom

The debate rages over whether housing has found the bottom. Of course, the debate will continue because markets are localized and segmented by price ranges and neighborhoods. While existing home sales were down in March, they outpaced last year...

Predictions for 2012

Happy New Year and may 2012 be your best year ever! The Las Vegas luxury home market continued to add to its decline in 2011. We had pricing pressure in the luxury home market throughout Las Vegas as we continued to face luxury home foreclosu...

The Agonizingly Slow Recovery

The patient is the Las Vegas luxury real estate market. The patient is very sick. But, at least the patient is not getting worse. In fact, he’s getting better. But, getting better is a long way from recovered. This remains a good news, b...

Saving to Invest in Homes Again

Since the financial crisis of 2008 Americans are socking away some $600 billion in annual savings a year! Many Americans are deleveraging, downsizing and living a more financially cautious lifestyle. Even luxury home buyers and million dollar...

Home Prices Critical to Small Business Jobs

Small businesses account for most of the new job creation in America. What do small businesses need to expand and hire? Credit and access to capital. Yet most lenders today are not lending to small business. This means small business owners...

9 of 10 Americans value home ownership

Americans still view home ownership as the American Dream. With nearly 25% of home owners at the present time owing more on their homes than they are worth, 9 of 10 Americans polled still see the value in home ownership and see it as part of th...

Luxury home sales still happening in Las Vegas

The headlines and stories are all doom and gloom. Despite all this, luxury home sales in Las Vegas are still happening every day! In May, there were 8 closed sales on homes over one million dollars. Of those 8 sales, Luxury Homes of Las Vega...

Wealthy Unhappy

A recent survey of wealthy Americans with assets over $1 million found that the majority were unhappy with their financial situation and did not feel wealthy. The survey found that it would take $7.5 million to make these people feel wealthy....

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