When it comes to Luxury Henderson real estate you probably haven't heard much on the news. Frankly, most of the information coming out of Vegas valley real estate market is about foreclosures and how low prices have sunk. Granted, if you are buying a home, that's great news. After all, a dollar saved is a dollar earned. The luxury market isn't immune. Prices at the top of the spectrum have dropped as well. But not everyone wants to buy a bank owned property.

There are still some new homes for sale and builders are very motivated to sell them to you. Competing against the foreclosure market has forced builders to lower prices and offer free upgrades and other things to entice you to buy. The amount of new homes hitting the market has steadily declined as well, with some builders simply opting to wait out the market. Lake Las Vegas a large master planned community in Henderson, has just a few neighborhoods of new homes left. Tremezzo homes by Pardee is a good example of what is currently available. Now priced in the 800's, these homes would have been priced in the millions a year and a half ago.

If you are thinking of buying a luxury home in the Vegas valley but only want a brand new home, feel free to contact us at 702-493-8033 for a listings of new luxury homes for sale.

It seems that rising gas prices are a hot topic in the real estate industry lately. Surfing the blogosphere I've found posts from Chicago, Las Vegas, Austin, Columbus, Louisville and Austin, TX. The common thread among these posts is the feeling that gas prices will continue to rise (not exactly going out on a limb). What will this mean to homeowners and businesses? I think we'll see an increase in telecommuting for large companies. The savings will be two fold, for both the worker and the company. The worker will save on fuel costs (obviously) but they'll also save time by not being on the road for part of their day. Businesses will save even more by not having to have large offices with costly utility bills. On the flip side builders will have a harder time selling homes in communities located further from the city hub, requiring longer commutes. Mixed use developments will increase in popularity, offering a live/work environment where residents can walk to work. I'm sure we'll also see a huge increase in green building as well.

America may well be only halfway through the house-price bust ........The biggest uncertainty hanging over the economy is how red will things get. Excerpt from the article: "The answer is not simple. For a start, it is hard to be sure just how much house prices have fallen. America has several house-price indices and they tell different stories. Widely cited, but least useful, are monthly figures showing median home prices produced by the National Association of Realtors (NAR). These indicate that median prices are down some 13% from their peak, but since these averages do not adjust for the mix of homes changing hands, which fluctuates from month to month, they are inevitably distorted. "

So flawed logic is their answer? They may have a point if the figures don't take into account new home sales and sale without using a REALTOR.


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Harper's February cover story was one of clear-eyed financial journalism. Eric Janszen explains Americas devolution from goods-production to paper shuffling. The FIRE economy (for Finance, Insurance, and Real Estate) concluding it can only survive by blowing ever-bigger bubbles. The veteran political analyst shows how the government has systematically distorted the truth and forced their own agendas (no kidding, why else did Bush suggest you spend your stimulous check at the gas station?).

The article goes into how and why we are in the situation we're in now. It's certainly nothing new. He goes over historical bubbles and what was done to prevent them. You can read the original article here