Vegas Real Estate News http://vegasrealestate.bloghi.com/ News about the Las Vegas valley real estate market, plus other local issues. Thu, 08 Jan 2009 23:12:23 +0000 http://bloghi.com/ http://vegasrealestate.bloghi.com/img_ch.hi?id=15859 Vegas Real Estate News http://vegasrealestate.bloghi.com/ Old School Las Vegas Living http://vegasrealestate.bloghi.com/2008/12/15/old-school-las-vegas-living.html http://vegasrealestate.bloghi.com/2008/12/15/old-school-las-vegas-living.html#comments Mon, 15 Dec 2008 23:57:12 +0000 http://vegasrealestate.bloghi.com/2008/12/15/old-school-las-vegas-living.html Retro is making a comeback. Speaking of retro, one thing Las Vegas is known for, especially on the Las Vegas strip is demolishing old buildings. It is has become a spectator sport of sorts here, with the event being televised and drawing thousands of... Retro is making a comeback. Speaking of retro, one thing Las Vegas is known for, especially on the Las Vegas strip is demolishing old buildings. It is has become a spectator sport of sorts here, with the event being televised and drawing thousands of people to watch. That's not the case when it comes to housing developments. There are several neighborhoods developed in the 60s and 70s that are still the same as the day they were built (well, mostly). A good example of a great vintage neighborhood would be Rancho Bel Air. Most Rancho Bel Air homes were built in the 1970's, although development in the neighborhood has continued up to this year. Back in the day, Rancho Bel Air was one of the most elite neighborhoods in Las Vegas at one time.

Today Rancho Bel Air is still one of the nicest neighborhoods of luxury homes in the valley. The community is gorgeous with mature landscaping and a guard gated entrance. The architectural style varies as do the age of the homes inside. You'll see English Tudors sitting next to a traditional Colonial as well as a mix of half a dozen other styles, making the neighborhood unique. All of the homes are on large lots and some homes are over 10,000 square feet.

If you are looking for something more than the usual cookie cutter community, take a look at Rancho Bel Air.

]]> http://vegasrealestate.bloghi.com/2008/12/15/old-school-las-vegas-living.html#comments Real Estate market still showing foreclosures http://vegasrealestate.bloghi.com/2008/10/03/real-estate-market-still-showing-foreclosures.html http://vegasrealestate.bloghi.com/2008/10/03/real-estate-market-still-showing-foreclosures.html#comments Fri, 03 Oct 2008 17:10:46 +0000 http://vegasrealestate.bloghi.com/2008/10/03/real-estate-market-still-showing-foreclosures.html Sadly, Las Vegas has another claim to fame---the foreclosure capital of the United States according to latest figures in Market watch. The Las Vegas real estate market has been inundated with short sales and foreclosures the last... Sadly, Las Vegas has another claim to fame---the foreclosure capital of the United States according to latest figures in Market watch. The Las Vegas real estate market has been inundated with short sales and foreclosures the last several months. Other areas are also seeing the same thing, although on a much smaller scale. I was talking to my friend Ken Smith, a Realtor in the Chicagoland area. The Barrington real estate market has also seen an increase as well. It seems consumers everywhere jumped on the sub prime lending wagon. Comparatively the numbers are a lot smaller than in Las Vegas and every market will have some foreclosures and perhaps a few short sales as well. With so many consumers buying homes they really couldn't afford combined with the current state of the economy, I think we'll see a lot more of the same unless the government steps in.

I'm curious to see what everyone else thinks. Should homeowners be allowed to fail and face the music (and possibly damage the economy more)? Or should the government step in and restructure these loans? There are pros and cons to both sides. After all, taxpayers are bailing out plenty of businesses so why shouldn't some taxpayers get relief? On the other hand, it has been greed that has gotten us into this mess on both sides of the fence.

 

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