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Foreclosure Still a Concern and it May Continue to Escalate

Foreclosure Still a Concern and it May Continue to Escalate

By Alex Girda, Associate Editor The Las Vegas housing market has been one of the hardest hit in the country. Now that prices seem to be nearing the bottom, some had hoped that the foreclosure epidemic would wind down, but that [...]…

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Home Sales Still Up From Last Year, Prices Still Sliding

Home Sales Still Up From Last Year, Prices Still Sliding

By Alex Girda, Associate Editor The Las Vegas housing market continues its struggle in anonymity as significant drops in prices are followed by only moderate increases or stagnation. The Greater Las Vegas Association of Realtors has posted some lukewarm numbers, VegasINC [...]…

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Home Prices Remain Frozen, Positive Outcome is Possible

Home Prices Remain Frozen, Positive Outcome is Possible

By Alex Girda, Associate Editor Reports from the outside regarding Las Vegas real estate are more than encouraging; the only issue is the fact that the good news is not for local residents. The Montreal Gazette reports that the continued recession in [...]…

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Index Numbers Pointing Downwards for Vegas Housing

Index Numbers Pointing Downwards for Vegas Housing

By Alex Girda, Associate Editor Las Vegas is actively looking to turn its luck around with a series of measures designed to spark the real estate market. After reporting on ideas such as providing the necessary incentives for corporations to relocate [...]…

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Zappos to Set Up Shop in Downtown Las Vegas

Zappos to Set Up Shop in Downtown Las Vegas

By Alex Girda, Associate Editor Las Vegas desperately needs a plan that will shake things up and redefine the charm of the city that tore Sinatra between New York and The Strip. Housing is collapsed with little signs pointing toward a [...]…

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Las Vegas Homes Selling Low, Foreclosed Homes Being Rehabbed

Las Vegas Homes Selling Low, Foreclosed Homes Being Rehabbed

By Alex Girda, Associate Editor Clark County has recently funneled $4 million in federal neighborhood stabilization dollars to Housing for Nevada, a nonprofit whose activities focus around the struggling market. The organization aims at buying, rehabilitating and reselling foreclosed or abandoned [...]…

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Downtown Set For a Housing Mini-Boom, New Home Sales Continue to Drop

Downtown Set For a Housing Mini-Boom, New Home Sales Continue to Drop

By Alex Girda, Associate Editor According to city real estate specialists, downtown is seemingly generating some heightened interest in its housing options. Though prices are nowhere near the golden days of the mid-2000s boom, interest is definitely there. Offering confirmation, The [...]…

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Home Sales Close to Record Numbers, Prices Reach New Lows

Home Sales Close to Record Numbers, Prices Reach New Lows

By Alex Girda, Associate Editor The area’s housing market is proving extremely attractive to buyers—in fact, August’s figures nearly matched a two year-old record. According to data from the Greater Las Vegas Association of Realtors (GLVAR), August had a combined number [...]…

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Housing Environment May Create Favorable Economic Climate for Corporations

Housing Environment May Create Favorable Economic Climate for Corporations

By Alex Girda, Associate Editor The economic breakdown is Las Vegas’ own leitmotif when dealing with all things finance, but some seem to look at it from a different perspective. Sure home prices are down to 90’s levels and the word [...]…

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Government Plans Jobs By Converting Repossessed Homes into Rental Units

Government Plans Jobs By Converting Repossessed Homes into Rental Units

By Alex Girda, Associate Editor In a move that would change a big chunk of the real estate market, and beyond, the federal government is currently pushing a plan to transform repossessed homes into rental units. The move would also be [...]…

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MGM Cutting Losses by Literally Imploding Harmon Tower

MGM Cutting Losses by Literally Imploding Harmon Tower

By Alex Girda, Associate Editor The Harmon Hotel tower has only brought grief to MGM Resorts International and it looks like the company has had enough. Following a number of legal battles which have been discussed in the Las Vegas business [...]…

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Improving Distressed Properties Means Improving Activity

Improving Distressed Properties Means Improving Activity

By Alex Girda, Associate Editor Serious interest generated by the Strip’s available high-rise residential condominiums has ramped up investor activity in the area, VegasINC magazine reports. According to a study quoted by the business publication, it’s mostly due to the fact [...]…

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