Why Does Probate Happen?
Probate happens when the legal process is required to determine the assets and inheritors of a deceased person.
Assets may include real estate, bank accounts, stocks & bonds, vehicles, household items, art, antiques, jewelry, collections, and other personal possessions.
Comment any thoughts or questions.
Subscribe for any updates for new videos about Probate Real Estate, Estate Planning tips, and interviews with other people involved in Life Transition.
Call or text me at 702-239-8400
Check out my website at http://ClarkCountyNVprobatehelp.com
Disclaimer: Randy Milmeister is not a practicing tax accountant, licensed attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate broker-salesman with Keller Williams in Nevada Lic.# 64289
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What is Probate?
Probate is a court-monitored process of transferring property and settling the affairs when someone who has assets passes away, if the assets are not properly protected.
Under Nevada law, and here in Clark County (Las Vegas & Henderson) probate proceedings generally take at least 6 months in most cases, and sometimes years. Additionally, probate will cost a deceased person’s estate (and beneficiaries) thousands of dollars in attorneys’ fees, court and other costs.
Having an experienced, knowledgeable Probate Real Estate Professional is critical in saving the Estate, Executors, and attorneys a lot of time, money, and aggravation.
Comment any thoughts or questions.
Subscribe for any updates for new videos about Probate Real Estate, Estate Planning tips, and interviews with other people involved in Life Transition.
Call or text me at 702-239-8400
Check out my website at http://ClarkCountyNVprobatehelp.com
Disclaimer: Randy Milmeister is not a practicing tax accountant, licensed attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate broker-salesman with Keller Williams in Nevada Lic.# 64289
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Clark County NV Probate Court
We visit the Clark County Probate Court at the Regional Justice Center in Las Vegas.
I have a team of people who visit the courthouse every month to find out which families may need our help. What I’ve found is that a lot of people expect the attorney to do a lot more than they actually are going to do…a lot of that falls on our plate more than the attorney because we’re connected with contractors, clean out crews, estate sale companies, and other family transition resources.
Comment any thoughts or questions.
Subscribe for any updates for new videos about Probate Real Estate, Estate Planning tips, and interviews with other people involved in Life Transition.
Call or text me at 702-239-8400
Check out my website at http://ClarkCountyNVprobatehelp.com
Resource for the Clark County NV Probate Court-
https://www.clarkcountynv.gov/governm...
Disclaimer: Randy Milmeister is not a practicing tax accountant, licensed attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate Broker-salesman with Keller Williams in Nevada Lic.# 64289
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Greatest City In The World - Las Vegas Part 3… Entertainment Capital Of The World
Las Vegas is the Greatest city in the World, and has always been known as a place with a variety of shows, from classic Vegas entertainment like Folies Bergere to smoky lounge acts, magicians & comedy to live concerts… however it has evolved to world class events and mega festivals. In part 3 of this series, I’ll share why there is no question that we are now the Entertainment Capital of the World.
1st, there’s nowhere that has as many amazing festivals or massive as Las Vegas. In 2011, the most amazing event in the history of the planet arrived in Las Vegas, the Electric Daisy Carnival, EDC.
According to numbers, the event generated a total economic output of $336.7 Million in 2022 here in Las Vegas. Other major festivals include iHeart Radio Music Fest, Life is Beautiful, Viva Las Vegas, Holo Holo, Sick New World, Punk Rock Bowling, When We Were Young, and Lovers & Friends.
Every genre of music, every big name...
- Rolling Stones, U2, Bad Bunny, New Edition, Adele, Mariah Carey, Elton John, Madonna, Garth Brooks, Bruno Mars, Tool, and of course Taylor Swift...
- World class Magic - David Blaine, Criss Angel, and the most commercially successful magician in history David Copperfield
- Top Comedians - Jerry Seinfeld, George Lopez, David Spade
- And, all of the best DJs in the world are now calling Las Vegas their part-time home, with residencies at local nightclubs and day club pool parties -
- Alok, David Guetta play XS nightclub at Wynn
- Tiesto, Zedd, and Calvin Harris at Zouk Resorts World
- Kaskade, Steve Aoki, and Martin Garrix at Hakkasan at MGM
- John Summit at LIV at Fontainebleau.
- Day clubs and Beach clubs with Diplo at Encore, Deadmou5 at Ayo, and Fisher at Tao Beach.
Let me know your fave artists and festivals in the comments below, and any questions about living in the Greatest City in the World. Subscribe to learn more about our greatest city in the world, and I'll see you on the next video.
Call, text, or email me with any thoughts or questions.
702-239-8400
RandySellsLV@gmail.com
Helpful Las Vegas, Nevada links for you!!!!
Contact us and find great content at: https://clarkcountynvprobatehelp.com
LINK TO GET LAS VEGAS RELOCATION GUIDE:
https://clarkcountynvprobatehelp.com/...
References:
https://lasvegas.electricdaisycarniva...
https://www.reviewjournal.com/enterta...
https://www.reviewjournal.com/enterta...
https://www.reviewjournal.com/tag/lif...
https://archive.aweber.com/newsletter...
https://electronic.vegas/las-vegas-re...
https://lasvegassun.com/news/2023/dec...
https://en.wikipedia.org/wiki/The_Ent...
https://www.top-travel-destinations.n...
https://worldtraveler.travel/las-vega...
https://www.tripoto.com/new-york/trip...
Disclaimer:
Randy Milmeister is not a practicing tax accountant, attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate Broker-Salesman with Keller Williams in Nevada Lic.# 64289
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Las Vegas Housing Market Update - Home Prices vs. Recession
Book now: https://calendly.com/randysellslv
Everyday, I get asked, with all of the scary headlines in the news, like “recession” and “housing crash”, “how is the national housing market news affecting our local market?”
In this video, I’ll share the 3 trends I’m watching & 4 fundamentals to answer the questions about what is happening with home prices in town.
1. Median home prices came down a little over the last few months, from $482K to $465K…still way up from $410K this time last year. In the last 7 days, there were almost 2,500 price cuts on active listings, which is 250% more than the 7 day average in June.
2. The absorption rate, a measure of supply and demand, we get by taking the number of homes sold in a month and dividing it by the number on the market. We can find a percentage that determines how quickly homes sell…which is about 27%.
3. So, with Inventory at 7,300 homes, there are 3 ½ months of supply. Traditionally, 5 to 6 months is considered a normal market.
At what some would call the peak of the market, end of April, there were less than a month of supply, and I could expect 5-10 offers on my listing. In this NEW market, homes that are priced correctly still sell quickly. Some agents and sellers are still hungover from the crazy market we had for a year and a half, coming off record breaking price appreciation last year.
So, yes, the market has slowed, which is a benefit for buyers to not be rushed in making such an important decision. And, don’t believe the BS in the news, or uneducated realtors.
We’ve heard this term “recession” over and over…and, nobody would argue that the Great Recession was painful and miserable for most. However, that’s a once in a lifetime event. If we look at the real history, real estate prices have been stable or increased in almost every recession since 1955.
Now, here’s the big news, and why smart people are buying in Las Vegas. THE MARKET FUNDAMENTALS HAVEN’T CHANGED.
1. There have been less homes built in the last 10 years than any decade since the 60s…while the population has grown more than ever
2. headline stats like “Foreclosures are up 100%...” right, because there was a moratorium for 2 years…and, foreclosures today September 2022 are at the lowest rate in over 2 decades.
3. Locally, already the Entertainment capital of the world, becoming the SPORTS capital of the world…Boxing, MMA/UFC, NFL, WNBA, NHL… with MLB + NBA coming…several more arenas planned, and they’ve already closed on the $100MM land deals
4. Mineral Effect (least known)- While we are known as The Silver State, Nevada is the top gold mining state in the US, has the largest proven gold deposits, and is the largest gold mine in North America. It’s more important than ever before for the following reasons-
Gold is needed for energy production in computers and battery products. So, Nevada is poised to become the new energy leader and will most likely become the number one energy economy in the United States.
The largest known lithium deposit in the United States is in northern Nevada. The Mountain Pass mine, 53 miles from Las Vegas, is the second largest producer of rare-earth minerals. This will allow employees of the mining operation to take advantage of the low-cost of living in Las Vegas while commuting to their employment site. These minerals are necessary for cell phones, electric vehicles, and a lot of other newer technology.
The higher end positions, executives, engineers, scientists, IT will be relocating in bigger numbers to NV.
I’ll be going into a lot more detail in future videos. So, be sure to subscribe, and let me know any thoughts or questions in the comments below…I look forward to sharing the truth with you.
So, call, text, or email me with any thoughts or questions.
Call or text me at 702-239-8400
Disclaimer: Randy Milmeister is not a practicing tax accountant, licensed attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate broker-salesman with Keller Williams in Nevada Lic.# 64289
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Las Vegas Housing Market Update - Housing Bust or Home Price Stability?
Book now: https://calendly.com/randysellslv
The market is so strange right now here in October 2022. Let’s take a look at what happened in our local market with all these crazy things going on in the news, and How this is affecting our prices in our market here in Las Vegas.
Fortune magazine’s recent headline was “Boise, Las Vegas, and Phoenix look like housing busts…”
However, our Local paper Las Vegas Review Journal included a report from Las Vegas Realtors association that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during September was $450,000. That’s unchanged from August, but down from the all-time record price of $480,000 in May. The median home price is still up 10.7% from $406,500 1 year ago. Does that sound like a “bust” to you?
LVR President Brandon Roberts said “It’s interesting to see local home prices level off ... Home prices and sales had generally been declining since mortgage interest rates started rising,”, “The good news for buyers is that it has been at least 3 years since we’ve had this many homes available for sale.”
At the end of September, LVR reported 9,970 single-family homes, condos, and town-homes listed for sale without any an offer… and a total of 2,554 local homes, condos & town homes sold in September. So, the absorption rate, a measure of supply & demand, is under a 4-month supply of properties.
LVR reported that short sales and foreclosures combined accounted for 0.1% of all existing local property sales in September. That compares to 0.4% a year ago, 1% of all sales 2 years ago, and 5.2% 5 years ago. So, there are less foreclosures than any time in the last decade.
Local home prices are still nearly 4 times higher than during their post-recession bottom in January 2012, when the median single-family home price in Southern Nevada was $118,000. So, look… you’re going to see a lot of fear based & inaccurate news. We’ll see less buyers in the market because of affordability, as Buyer demand has been squeezed, along with Less total sales & less new homes coming to the market.
Here’s a simple example-
$500K home, 10% down, would be a $450K loan
With 4% interest rate in April 2022, payment would be $2,148
At 6.5% rate in September would make it $2,844…a $700 per month payment difference.
With the average wealth of American households… last year it was possible to afford to buy 60% of the properties on the market. Today this percentage has dropped to 45%. Buyers really started exiting the market when interest rates went from 3% to 4%.
No doubt these higher rates hurt housing affordability. Nevertheless, apart from borrowing costs, rents also rose at their highest pace in nearly 4 decades. It’s true…it costs more to buy a home today than it did last year, but the same is true for renting. This means, either way, you’re going to be paying more. The difference is, with homeownership, you’re also gaining equity over time, which will help grow your net worth. The question is…what makes most sense for you?
Finally, let’s keep an eye on this trend, and why Las Vegas ought to do a little better – license surrenders. There’s still a positive net license surrender…meaning out of state driver license ID’s…of almost 4,000 per month, with about 40% moving here from California. After this current phase of interest rates causing a pause in the market, we will likely see a similar problem next year, as we experienced last year… with low inventory.
Let me know what you think down below…and, if you have any stories that you want me to talk about from a real estate agent’s perspective, from a local perspective, make sure you reach out to me, and if you’re looking to buy or sell a house anywhere in the Las Vegas valley, I’d be thrilled to be your real estate resource of choice, email me at randysellslv@gmail.com.
So, call, text, or email me with any thoughts or questions.
Call or text me at 702-239-8400
References-
https://www.reviewjournal.com/business/housing/las-vegas-house-prices-stop-sliding-at-least-for-now-2652369/
DMV photo courtesy of LVRJ
https://fortune.com/2022/09/29/housing-market-busts-boise-las-vegas-phoenix-interactive-map-home-prices/
Disclaimer: Randy Milmeister is not a practicing tax accountant, licensed attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate broker-salesman with Keller Williams in Nevada Lic.# 64289
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Market CRASH, RECESSION, Housing Bubble, ZILLOW, REDFIN, “Experts”...Biggest REAL ESTATE BS Revealed
Book now: https://calendly.com/randysellslv
Everyday, I see news headlines that predict catastrophe in real estate, and have conversations, doing my best to explain to people the real truth, not the BS in the media, or hysteria of those thinking “here we go again.”
The only people who have been consistently wrong are the media & 80% of real estate agents, who have no idea what is really going on.
There was a New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash, while Zillow says the home price correction is winding down, with 28 other forecast models. How could most decipher all of this silly, click bait garbage?
So, let’s look at a couple of fundamental factors that have dominated the news for the past 6 months… “Recession is coming…” the unemployment rate hit more than a 53-1/2-year low of 3.4%. And, what is the history of home prices during recession, if there was one? Home prices have increased during every recession over the last 70 years, except the Great Recession, which was a result of a once in 100 years complete economic collapse in the country and the world.
A primary factor leading to the Great Recession was that there were almost no lending standards. And now, you’ll see dumb, just ridiculous headlines like “foreclosures up 300%” that figure is based off of near 0 during Covid, and a majority of Defaults are due to death and hurricanes. Yes, when people die, or a house is destroyed, most mortgages stop being paid.
Serious delinquency rates, which skyrocketed after 2006 and led to 6 million foreclosures, have fallen by nearly half in the last year, to less than 0.7% of mortgages, according to Fannie Mae.
The Supply of Homes for Sale Today Is More Limited. There were over 21,000 homes for sale in Las Vegas during the housing crisis, most of which were short sales and foreclosures, and that caused prices to fall dramatically. Supply has increased since the start of this year, but there’s still a historical shortage of inventory, primarily due to years of underbuilding homes. There have been less homes built in the last decade than any since the 60’s.
The national inventory of single-family homes fell by 2.5% this week to 418k—the fewest since last June. There are 60,000 fewer homes on the market today than over New Year’s weekend. homes for sale remain at the lowest ever, other than during the pandemic period, nearly half of the normal historic levels.
“There was a housing shortage of around 5 million homes before the onset of the pandemic. That shortage is not going away soon,” said Lawrence Yun, chief economist with the National Association of Realtors, in a report last month.
I recall door knocking around a listing of mine, looking for a buyer in 2020… 1 guy told me that he was waiting for the crash…then prices went up over30%... so, what should you do when it comes to buying or selling a home right now? Call me, we'll review your options, and decide what is in your best interest.
Call, text, or email me with any thoughts or questions.
702-239-8400
RandySellsLV@gmail.com
Resources-
https://nypost.com/2023/01/24/goldman-sachs-sees-a-crash-for-home-values-in-these-4-cities/
https://fortune.com/2023/02/14/housing-market-home-price-forecast-update-zillow-29-models-2023-2024-real-estate/
https://www.reuters.com/world/us/us-job-growth-accelerates-january-wage-gains-moderate-2023-02-03/
https://www.cnbc.com/2023/02/18/home-prices-mortgage-rates-how-to-know-when-housing-bottom-is-in.html
https://www.cnn.com/2022/10/05/investing/housing-market-howard-hughes/index.html
https://sports.yahoo.com/national-home-prices-further-fall-162353621.html?guccounter=1&guce_referrer=aHR0cHM6Ly93cmVuZXdzLmNvbS8&guce_referrer_sig=AQAAAKHls
Disclaimer:
Randy Milmeister is not a practicing tax accountant, licensed attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate Broker-salesman with Keller Williams in Nevada Lic.# 64289
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GREATEST CITY in the WORLD - Las Vegas Part 2... New BUSINESS CAPITAL
For as long as I’ve been alive, Las Vegas has been known throughout the world as the gambling mecca and casino capital of the world. However, there’s been a lot of economic diversity developed over the last decade, which now includes what most people would recognize as top dining, entertainment, music festivals, and sports. What is less known is the valley’s explosion as a distribution hub and Feature Film destination.
In this video, we’ll review some economics that separate Las Vegas from other cities, as we still hear daily in the news that there is ongoing recession or economic concerns.
Nevada casinos have completed two full years in which they raked in at least $1 Billion each month. Gaming win is important to the state because it takes a percentage of it in taxes. MGM Resorts International’s top executive said that March was the most lucrative revenue-producing month EVER for the company’s Las Vegas casino resorts. Harry Reid airport has been setting passenger records for the past year, serving nearly 5 Million travelers per month. There is over $30 Billion worth of current or planned commercial construction.
One of the most exciting developments is Las Vegas becoming Hollywood 2.0. Sony Pictures has announced that they are ready to invest as much as $1 billion in production spending over the next decade in Southern Nevada, contingent on the approval of Senate Bill 496, named the Nevada Film Studio Infrastructure Act. “It creates a new industry in Nevada to diversify our economy,” Sen. Roberta Lange said. Mark Wahlberg is also on a mission to turn Las Vegas into 'Hollywood 2.0'. In an interview with FOX Business, Wahlberg doubled-down, saying it was "absolutely" his goal to boost the film and TV industry in Sin City and bring thousands of lucrative employment opportunities to the area.
A recent study ranked Las Vegas as the top Tech city in the U.S. for early stage startups, and pointed to a handful of local tech firms such as Boxabl that helped boost the city’s ranking from No. 9 last year to now No. 1. Boxabl co-founder Galiano Tiramani said that Boxabl operating in the greater Las Vegas area, with its friendly regulatory environment and high number of visitors, has allowed the company to develop quickly.
Gov. Joe Lombardo tweeted “Nevada is open for business!” when the results of the study were published. The study stated: “Nevada is a business-friendly state, and Las Vegas has a standard of living that is far cheaper than what can be found in many of the tech hotspots in the Bay Area, Southern California, and places like Seattle and Austin. Research firm Dealroom found an estimated 1,202 startups are in Las Vegas.
The valley’s Warehouse market has grown substantially through a combination of factors including the huge growth of e-commerce, available land and proximity to Southern California. America’s casino capital has emerged as a big time player in the warehousing and distribution industry. Developers have flooded Southern Nevada with massive warehouse projects, more tenants have been distributing products to other states; fierce demand for space has pushed vacancies to record-lows; and a rising tally of developers and other investors started doing deals here.
Call, text, or email me with any thoughts or questions.
702-239-8400
RandySellsLV@gmail.com
Resources-
https://www.reviewjournal.com/business/las-vegas-valley-experiences-explosion-as-distribution-hub-2687693/
https://www.reviewjournal.com/business/casinos-gaming/record-downtown-las-vegas-gaming-win-lifts-nevada-2684483/
https://www.fox5vegas.com/2023/04/25/harry-reid-sets-passenger-record-march/?fbclid=IwAR2Lsts4hTzKlXaWwpzbJA_y2Os1HpOEJ5MiT7Z-H9U6ujzFPOKRi3jycO4
https://www.ktnv.com/news/best-hotel-revenue-month-in-mgm-resorts-history-coming-up-executive-says
https://www.foxbusiness.com/entertainment/mark-wahlbergs-mission-turn-las-vegas-into-hollywood-2-0-with-10000-new-jobs
https://www.reviewjournal.com/news/politics-and-government/nevada/2023-legislature/action-hollywood-may-come-to-las-vegas-2776006/
https://www.reviewjournal.com/business/entrepreneurs/las-vegas-no-1-for-early-stage-startups-in-the-us-study-says-2762294/
https://news3lv.com/news/local/nevada-two-full-years-monthly-1-billion-gaming-win-casinos-las-vegas-strip-gaming-control-board-february-2023
Disclaimer:
Randy Milmeister is not a practicing tax accountant, attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate Broker-Salesman with Keller Williams in Nevada Lic.# 64289
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GREATEST CITY in the WORLD- Las Vegas part 1… New SPORTS CAPITAL of the World
Las Vegas is the greatest city in the world, and that’s why thousands of people move here every month, going on decades. In this 5 part video series, I’m going to share the factors that separate living in Las Vegas from anywhere else on the planet. The 1st, that we’ll review today, is that we are now, the Sports Capital of the world.
The NFL Pro Bowl was hosted here at Allegiant stadium, and is home to the Las Vegas Raiders. Las Vegas is the #1 destination for parties. A report by online casino NJ.bet named LV the #1 best city to watch the Super Bowl.
Last year, the NFL draft was held at Caesar’s Forum on the Las Vegas Strip…and this time next year Super Bowl 57 is coming, which sports columnist Ed Graney wrote “just carved the title ‘sports capital of the world’ into cement.” That weekend will bring in hundreds of thousands of visitors. Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority said the economic prize in 2024 will be in the range of $500 million, with another $70 million projected in state and local taxes.
We’ve long been known as the boxing Capital of the World, or Boxing Mecca. I remember, as a kid meeting undisputed champ Larry Holmes at Caesar’s palace. And, Iron Mike Tyson fights were always a big deal… and, still the biggest mega fights on the planet are held here.
Then, when UFC started to get popular, Las Vegas became the mixed martial arts Capital of the World, as the UFC is based here in Las Vegas.
The Vegas Golden Knights would practically sell out every game at the T-Mobile arena in their inaugural season , finishing 4th in average arena capacity filled per game at 103.9% due to the amount of standing room only tickets they provide.
UNLV sports including the Runnin’ Rebels men’s basketball team has been a local favorite since the Tark the Shark days leading to the National Championship in 1990. LV will host the 2028 Men’s Final Four. LV has always been a top destination for March Madness.
The NCAA’s West Regional will play out next month at T-Mobile Arena, where the region’s Sweet 16 and Elite Eight of the men’s tournament will be decided.
Local WNBA team the Aces won the championship recently, and are expected to repeat. We already have an NBA G-league team Ignite…Naturally, it’s only a matter of time before an NBA team lands.
One of the biggest stories recently is Formula 1. F1’s CEO Stefano Domenicali and Las Vegas Grand Prix CEO Renee Wilm discussed November’s race and its potential economic impact during a panel. Wilm said F1 will bring a $1.2 billion economic impact in one year and more than 7,000 jobs to the community. They said F1 wants a permanent presence in Las Vegas, and Las Vegas is the perfect market for F1 and will serve as its home in North America. The Las Vegas Grand Prix is set to take place this November
The Las Vegas Motor Speedway has hosted Nascar since 1998, in addition to several other auto racing events like drag racing.
Triple A baseball team the Aviators hosts big league scheduled games at the Las Vegas Ballpark, and relocation efforts for the OAKLAND A’s to Las Vegas is looking good.
The 1st National Finals Rodeo (NFR) was held in LV in 1985, and has been a big part of LV success for decades. This will mark the 37th year held here.
And, we are home to several other Pro & Semi-pro teams including the XFL Vegas Vipers, Henderson Silver Knights hockey, Lights FC soccer, Ramblers Volleyball, Knight Hawks indoor football, Desert Dogs lacrosse…as well as host to many more events including the NBA Summer League, US Bowling Championships, PGA golf series, and Rugby Sevens…
Call, text, or email me with any thoughts or questions.
702-239-8400
RandySellsLV@gmail.com
References-
https://www.8newsnow.com/news/local-news/allegiant-stadium-tops-international-venues-grossing-over-182-million/?utm_source=facebook.com&utm_campaign=socialflow&utm_medium=referral
https://www.reviewjournal.com/sports/las-vegas-sports-in-2023-features-robust-calendar-of-events-2702662/
https://www.fox5vegas.com/2023/01/20/resorts-world-announces-888k-experience-f1s-las-vegas-grand-prix/?fbclid=IwAR0SzDBSRgbExDx1r91abcehKcsFy3CpjvahTsVMBd5-zK_rzkukm0ve_yc
https://news3lv.com/news/local/formula-1-race-to-bring-12-billion-to-las-vegas-economy-adding-7000-jobs-las-vegas-grand-prix-preview-monday-convention-center-msg-sphere
https://news3lv.com/news/local/las-vegas-ranked-best-city-to-watch-super-bowl
https://www.samford.edu/sports-analytics/fans/2018/The-Impact-and-Early-Growth-of-the-Vegas-Golden-Knights
https://www.reviewjournal.com/business/tourism/las-vegas-sports-teams-to-add-636m-to-the-local-economy-1538583/
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The TRUTH About The HOUSING MARKET 2024
I’m one of the few, who has been saying for the last 3 years that there will NOT be a HOUSING MARKET CRASH.
I took some time, 4 months for this video because I wanted to show real honest perspective. For several years we have been warned, it seems daily about a housing CRASH. it's been The dominant story in real estate news, and has included variations like CRASH, CRISIS, or other scary words in all capitals. Did it happen and I missed it? Is it coming?
Look at some of these BS headlines:
- "These 4 cities will suffer a 2008 crash in home values: Goldman Sachs"
- "4 in 10 consumers expect housing market will crash, survey finds"
- "National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed"
- "Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say"
There were probably hundreds of doomsday articles in 2022-23 like these that turned out to be completely wrong. In this video, I break down the top 5 fundamental reasons why they were all wrong. You’ll see clearly why US home prices will continue to appreciate this year, and for years to come. And, for those predicting a wave of foreclosures… you’ll be waiting a long time.
Call, text, or email me with any thoughts or questions.
702-239-8400
RandySellsLV@gmail.com
Referenced articles and graphics:
https://nypost.com/2023/01/24/goldman-sachs-sees-a-crash-for-home-values-in-these-4-cities/
https://wtop.com/business-finance/2022/12/many-consumers-expect-a-housing-market-crash/
https://sports.yahoo.com/national-home-prices-further-fall-162353621.html
https://fortune.com/2023/02/14/housing-market-home-price-forecast-update-zillow-29-models-2023-2024-real-estate/
https://markets.businessinsider.com/news/stocks/elon-musk-tesla-spacex-twitter-house-prices-commercial-real-estate-2023-5
https://finance.yahoo.com/news/housing-market-near-inflection-point-000543894.html?guccounter=2
https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/
https://www.prnewswire.com/news-releases/coldwell-banker-uncovers-why-international-buyers-dream-of-owning-us-real-estate-301764542.html
https://markets.businessinsider.com/news/stocks/housing-market-house-flipping-profits-home-prices-investors-real-estate-2023-9
https://markets.businessinsider.com/news/commodities/home-prices-housing-market-forecast-mortgage-rates-corcoran-shark-tank-2023-8
https://fortune.com/2023/08/27/housing-market-bullish-2024-home-price-forecast-from-zillow/
https://fortune.com/2023/03/31/housing-market-starter-home-is-going-extinct-a-renter-society/
https://awealthofcommonsense.com/2023/05/the-housing-market-lottery/
https://markets.businessinsider.com/news/commodities/housing-market-homeowners-equity-trillion-lendingtree-house-prices-value-rates-2023-8
https://fortune.com/2023/08/19/housing-market-institutional-homebuyers-wont-stay-sidelined-forever-home-prices-mortgage-rates/
Disclaimer:
Randy Milmeister is not a practicing tax accountant, attorney, or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. Randy Milmeister is a licensed real estate Broker-Salesman with Keller Williams in Nevada Lic.# 64289
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