Tag: condos

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With the dollar expected to rise against foreign currencies later this year (that trend has already started), foreign investors are hurrying to purchase real estate in the US while their dollar goes further. Most of these investors are targeting the Las Vegas real estate market in particular, where the sharp decline in prices (due to the high amount of Las Vegas foreclosures) and the world class amenities have made it an attractive get-away destination. In particular, Canadian buyers are looking... Read More

To the right, the Las Vegas Cosmopolitan condos and the
Bellagio Hotel and Casino, to the left the MGM CityCenter project.
Phot0 taken September 5th, 2008.

Many proposed high rise condo projects around the country have had the plug pulled in the past two years due to cost overruns and tightening credit. Since Deutsche Bank announced they were beginning foreclosure proceedings on the Las Vegas Cosmopolitan condo hotel project at the beginning of 2008 on their $760 million dollar l... Read More

I got GREAT news at the the latest Crystal Ball Seminar which was held on April 24th at the Texas Station! it looks like Las Vegas will be coming out of the housing slump sooner than predicted by national economists. Steve Bottfeld, consultant for Market Solutions and local real estate guru says that the current window of opportunity to pick up the deep discount Las Vegas foreclosures may be over as early as October of this year!!! As a matter of fact, our local MLS inventory... Read More