Movement is occuring in the Las Vegas commercial sector. We are seeing a lot of investor interest in Las Vegas and finally some office absorption. New construction to meet specific end-user needs is seeing some activity too. CoStar reports that U.S Micro, an IT and data security company, is planning to break ground on a new project next month. U.S Micro is expected to bring 100 jobs. That is not huge job growth in a metro this size but every little bit helps. Further, we like to see companies like this make long-te... read more

  96   sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } .forceBgColor{background-color: white !important} ? For the past few years, one major factor has shaped the housing market: millions of homeowners were locked into ultra-low mortgage rates and didn’t want to move. That kept inventory tight, competition high, and optio... read more

Home prices due appear to be on a pretty abrubt increase. Constrained supply, combined with continued demand from investors and owner occupants is leading to higher bids. We are beginning to see these same trends manifest in the Case-Shiller indices in the levels, first and second derivatives, as seen below. So we know that in general, prices are on the increase. What we don't know is how sustainable they are if more supply is placed on the market. Recently, new listings have been nearly equivelent to c... read more

Inflection Points For 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 year ag... read more

In response to the catastrophic wildfires that ravaged Maui less than 90 days ago, Coldwell Banker Premier Realty remains in unwavering solidarity with its Coldwell Banker 'ohana (family) in Hawaii. The fires, fueled by hurricane-force winds, inflicted unprecedented devastation upon the communities of Lahaina and Kula in August. But the message today is one of hope. Maui is open and welcomes you!  Broker of Coldwell Banker Island Properties, Steve Baker, reached out to his friends, Bob & Molly ... read more