Archive for February 5th, 2008

Las Vegas Homes: It's All About the Opportunity

Tuesday, February 5th, 2008

**The foreclosure problems in Las Vegas stem from the unaffordable terms of the mortgages themselves, rather than from local economic conditions** CNN

The Las Vegas real estate market is TEMPORARILY DISTORTED due to outrageously incompetent LENDING parameters from 2003 through 2006…..

This is a CRITICAL issue to clearly understand. Las Vegas real estate represents a tremendous opportunity for savvy buyers that understand fundamental value. Buyers are firmly in control (for now) and scoring fantastic deals on Las Vegas homes left and right. Major market corrections necessarily provide outsized opportunities for smart operators that didn’t fall for the hype and borrow money (mortgages) that made NO sense.

The underlying economy in Southern Nevada is structurally sound and about to get stronger than ever. The article link at the bottom of this post makes the case for future strength very persuasively. Not enough to convince you? Drive down the Las Vegas Strip and count the construction cranes. Don’t live anywhere near Las Vegas at the moment? Google Earth will show you everything you need to see!

Buyers who wait in 2008 will stand in line in 2009

The Las Vegas Business Press just published an article aptly named The Boulevard Formula by Howard Stutz. It’s well worth your time to read.

Click Here to Enjoy this Highly Informative Article

The Ridges in Summerlin Debuts Club Ridges

Tuesday, February 5th, 2008

The Ridges could well be considered the crown jewel of luxury real estate in Summerlin. This exclusive guard-gated community features some of the most dramatic and stunning natural topography in Southern Nevada and offers unparalleled views of the entire Las Vegas valley. It was just a few years ago that Forbes magazine named The Ridges in Summerlin as one of the three most exclusive gated communities in the entire country. Since then, The Ridges has continued to distinguish itself by adding to the already spectacular selection of amenities. Case in point; Club Ridges, a private fitness facility for the exclusive use of Ridges’ residents. The new clubhouse measures nearly 9,000 square feet and includes a 2,400 square-foot fitness room as well as a 1,300 square-foot aerobic area. Exterior amenities include five lighted tennis courts, including one championship court, a family style resort pool and a year-round, 82-degree, heated lap pool. Michael Antos from The Michelle Sterling Las Vegas Real Estate Team is your trusted source for guidance and advice in The Ridges luxury golf community. He can be reached at 702-373-3240.