GLG News by Production Homebuilding Experts

Steve BottfeldPrincipalMarketing Solutions

Las Vegas real estate: A happy new year?

January 20, 2012

Santa Claus was very kind to Las Vegas in December, leaving several unexpected gifts.  However,  as he and Mrs. Claus celebrated the New Year, he began to understand why he didn’t see a lot of cookies and milk near the Christmas trees in the Las Vegas homes he visited.

Howie GelbtuchPrincipalGreenwich Realty Advisors Writing Corp

More details and insights about the planned Sears Holdings store closings

January 4, 2012

Sears Holdings recently announced plans to close 100 to 120 of its stores.  Of these, 79 locations were disclosed on December 27, 2011 and 90% of them – 71 stores— are in our proprietary database of retail stores.  We estimate that the 71 stores we identified total about 6.6 million square feet of gross leasable area, an average of roughly 93,000 square feet per location.

Steve BottfeldPrincipalMarketing Solutions

A merry Christmas for Las Vegas real estate

December 21, 2011

With apologies to Charles Dickens, both Tiny Tim and Ebenezer Scrooge would be pleased with Las Vegas housing statistics for November.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas housing market gives reasons to be thankful

November 23, 2011

Thanksgiving is a time to reflect on the past as well as the future.  The best way to look at October data for the Las Vegas real estate market would be to think of the Pilgrims landing at Plymouth Rock.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas residential sales statistics: Trick or treat?

October 19, 2011

With Halloween less than two weeks away, we can’t tell if Las Vegas September residential housing data is a trick or a treat.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas real estate market: August data suggests bottom formation

September 21, 2011

This has been an unusual summer for Las Vegas residential real estate.  The city’s unemployment increased for the fourth consecutive month, but residential housing statistics suggest that the worst may be over.

Steve BottfeldPrincipalMarketing Solutions

Has the Las Vegas housing market found a bottom?

August 29, 2011

The shadow of seasonality falls over Las Vegas housing statistics for July.  But, that shadow is very thin.  Does this data mark the beginning of the end of the housing slump in Las Vegas?

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS NEW HOME MARKET IMPROVING

July 19, 2011

Evaluating June residential data for Las Vegas is like conducting an electrical experiment. One moment the current is positive. The next, it is negative. And, there are a few minor shocks along the way.The new home market may be showing signs of very slight improvement. And, despite the cloud of potential future foreclosures, June data for existing homes appears to show the market is maintaining a steady pace on several levels. 

Lisa JacksonSenior Vice PresidentJOHN BURNS REAL ESTATE CONSULTING, LLC

Sales Rates and Concessions: Understanding the Dance

June 22, 2011

Analysis of:Sales Rates and Concessions: Understanding the Dance | realestateconsulting.com

Net prices continue to decline because many builders are finding that they can generate some sales via concessions, which wasn't true last year after the tax credit expiration.

Steve BottfeldPrincipalMarketing Solutions

May Las Vegas Data: On the cusp of a change?

June 21, 2011

May real estate data for Las Vegas is a mixed bag of positives and negatives. And, while there is still much more negative than positive news, we may be just on the cusp of a better future. Yes, unemployment is still horrendous at 12.4%, but there is some growth in the construction job market.

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