Coldwell Banker Premier Realty

  
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International Housing Bubble

Fears in Many Countries, what does that mean for us?
Posted: June 17, 2014 at 4:59 PM by John McClelland

Recently, the IMF warned that an International Housing Bubble was forming. Looking at Price-Rent ratios, some of the highest priced countries relative to rent were Canada, New Zealand, Norway and Belgium. The United States is fairing relatively better, largely since our gains were simply getting back some of the ground lost subsequent to the popping of our housing bubble. Some metros are noteworthy however. San Francisco has been on a tear, with massive increases in prices. While not at its 2006 peak. read more

Real Estate Investment and Development Update

Investors Choose to hold onto properties. Las Vegas evolves to suit the generations
Posted: May 22, 2014 at 11:13 AM by John McClelland

InvestorsA few quick updates for followers of the Las Vegas real estate scene and real estate in general:A recent Wall Street Journal article noted that investors who bought homes in the past couple of years have largely decided to hold their properties and enjoy cash flow (Housing Investors Settle into a Holding Pattern, May 20,2014). Instead of treating this as a big trade, buying distressed homes or relatively undervalued homes and selling them after the price increases many cities had experienced in the read more

A few thoughts on Southern Nevada

Inflection points, favored asset classes, new homes and local challenges
Posted: April 23, 2014 at 11:27 AM by John McClelland

Inflection PointsFor those of you who have lived in or visited Las Vegas in the past few years, the impact of the recession has been quite obvious. For those who have been to Las Vegas recently, there are now some very bright spots in the regional economy that are also obvious. Just several years ago, one could drive down nearly any street in a residential neighborhood and see for-sale signs on at least one home. Things are far different today and while listing inventory is significantly higher than one read more

Investor Activity

A declining but still large component
Posted: March 25, 2014 at 10:44 AM by John McClelland

Investors played the largest role ever in the Southern Nevada housing market.  In the spring of 2013, cash sales were over fifty-percent of single family transactions.  Presumably, a majority of these cash sales were made by investors.Private investors, many of whom fall into the “mom & pop” category of investors, have always been a significant component of our market.  Recently, institutional investors, often from the private equity world, have taken a large position in the read more

New Home Masterplans

Las Vegas New Homes
Posted: February 21, 2014 at 2:12 PM by John McClelland

A survey by our friends at John Burns Consulting indicates that Mountains Edge and Providence continue to be among the top selling masterplans in the U.S. Ultimately, Providence is expected to include nearly 7,500 homes. Mountains Edge will be nearly 12,500 homes. Both projects are Focus Property Group developments. Summerlin, which has been a national leader in sales for years, also continues to be a good seller. Last year Howard Hughes did several deals with homebuilders to develop on some of the w read more

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