Archive for July 5th, 2007

Las Vegas Real Estate Prices Dropping – Are we Entering a Buyers Market?

Thursday, July 5th, 2007

In Business Las Vegas reports in their June 25 – July 29 issue that resale Las Vegas Home prices are decreasing sharply. Their data stronly suggests that Las Vegas Real Estate is turning into a buyers market:

“The price of resale homes fell sharply in May, but a Las Vegas-based analyst said the price drops are needed to reduce the glut of homes on the market.

Dennis Smith of Las Vegas-based HomeBuilders Research reported that the median price of resale homes in May dropped $7,000 from April or 2.5 percent to $278,000.

That’s $11,000 lower than the price in May 2006, Smith reported.”

You can read the rest of the In Business Las Vegas report here.

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It's Time Again – The World Series of Poker Championship!

Thursday, July 5th, 2007

This Friday, June 6 the 38th World Series of Poker championship event begins at the Rio.

This years no-limit Texas Hold’em tournament has a $10,000 buy-in with play being scheduled over the course of four days. There will be up to 3,000 players per day at the event. Last year’s winner, Jamie Gold, emerged from a pack of 8,773 players to take home the grand prize of $12 million.

The world championship’s last nine players will sit at the final table on July 17.