2012 Las Vegas Real Estate Market Looks Strong, According to Prudential Americana Group CEO
Summary
“This is consistent with the continued contraction of those types of listings.” While hotly contested in the industry, Nevada’s recently-introduced Assembly Bill 284, has slowed defaults in Southern Nevada, according to Stark.Americana Holdings, LLC is an independently owned and operated member of Prudential Real Estate affiliates and among the top 10 largest in the company’s national network of franchises.National elections, a hotly debated assembly bill and a stagnant economy will all have an effect but not significantly deter the market’s upward swing.“I see much of the same in 2012, which is a really good thing,” said Stark, CEO of Prudential’s largest franchises in both Arizona and Nevada.“This is consistent with the continued contraction of those types of listings.”While hotly contested in the industry, Nevada’s recently-introduced Assembly Bill 284, has slowed defaults in Southern Nevada, according to Stark.“AB284 is temporary, but its intent is to hold everyone accountable throughout the process of buying or selling a home,” he said.Overall, Stark said real estate companies will have to update their models to be competitive in the coming year.