Your customers should not automatically assume that adding additional square feet to your home will increase its resale value. Take the 1917 Cotswold-style craftsman in Pasadena, California, for example. The homeowner actually added 800 square feet, which lowered his sales prospects. According to the Wall Street Journal, this addition did not take into account the […]
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The Economic And Community Impact Of Selling A House
If you are considering buying or selling a house, you are most likely paying attention to the many extraordinary ways it will change your life. What you may not realize is that the impact of this decision on people’s lives extends far beyond yours. The buying and selling of houses is an important driving force […]
MGM Resorts Spin-Off And Sold For $17 Billion
A major casino owner is buying another casino for more than $17 billion, giving the real estate ownership of many of the largest resorts in Las Vegas to a company.The two companies announced on Wednesday that Vici Properties, a spin-off of Caesars Entertainment, has reached an agreement to acquire MGM Growth Properties, a spin-off of […]
Definition Of Three-Dimensional Residential Real Estate
Do you want to live in a luxurious high-rise building in Las Vegas, but do not provide services for drunken tourists playing slot machines in the lobby, but provide a well-equipped, private entertainment venue?Or what about Miami’s boutique resorts, where there are not only brand-name gyms, but also shops, restaurants, world-renowned spas, and shared workspaces?This […]
Hedge Funds Are Working For Nevada
We are all familiar with the economic engine that drives the state of Nevada—at least most of us are. Tourism, gambling, mining, manufacturing, and logistics have received due attention as the country’s economic driving force.However, many Nevada residents rely on an economic engine they may not have thought of: hedge funds. Hedge funds are a […]
iBuyers Are Increasing Their Purchases
IBuyer purchases have returned to pre-pandemic levels. According to a new report by Redfin on iBuying, the houses they buy are cheaper than the houses they usually buy, and they sell their inventory in 13 days, a record rate.IBuyers offers instant cash discounts to home sellers who want to avoid selling their homes publicly. Companies […]
The Markets Most Affected By Investors
Investors are taking over homes and being blamed for causing inventory shortages in various markets across the country. Investors buy a home, then hold onto the property, usually converting it to rent, rather than returning many homes to the market from a growing portfolio. Housing experts say this has exacerbated the housing shortage in some […]
Tropicana’s New Owner Says To Wait For Next Move
The senior real estate fund executive, who owns the land where Tropicana is located, did not say what the upcoming development plans are for the 64-year-old resort, which has 1,470 rooms in one of the corners. most remote that the hotel frequents city.Peter Carlino, CEO of Pennsylvania-based Gaming and Leisure Properties Inc., told analysts on […]
Why Las Vegas Builders Can’t Keep Up With Housing Demand
When lumber prices soared to nearly $ 1,700 per thousand board feet this spring, it sent shock waves through the residential construction industry.“The lumber line item is the largest number in the brick and mortar of the house budget, and to have that go up over 300% in a 12-month period was unheard of and […]
Fewer Contract Signings Could Signal Market Turn
As home prices continue to rise, more potential home buyers may exit the housing market due to excessive prices. Sales of homes for sale declined in June, which is another sign that the housing market may cool slightly.The National Association of Realtors®’ Home Sales Index®, a forward-looking indicator of home sales based on signing contracts, […]
