The good news is that the housing market in Las Vegas is set to recover. The bad news? The predictions are that it won’t do so until the first quarter of 2012, according to a housing analyst with The Concord Group. Recover, according to this Newport Beach, California real estate firm, means three to four new home sales each month per subdivision.

While Marta Borsanyi, principal of this real estate firm, had originally predicted a full recovery in the fourth quarter of 2011, she is now pushing back her predictions since the 2009 housing purchases were lower than expected.

As an example, new home sales dropped from their 45000 peak in 2005 to only 4500 over the last 12 months. Certainly, everyone has their eye on helping in the recovery effort. The Obama administration has created loan modifications and first time buying incentives; companies like Kirk Sanford’s Sightline Acquisition are trying to bring money to the Las Vegas real estate market; and others are trying to add jobs and opportunities through the Nevada area.

A new study from ceosforcities.org has shown that the more walkable a neighborhood is, the more expensive the real estate prices will be. They have a Walk Score which shows how accessible the neighborhood is without needing a car to get to groceries, parks and more.

Their most recent statistics show that every walk point that’s added to a neighborhood’s score increases the value of the homes from between $500 and $3000. Interestingly, this holds true in almost every city, but not in Las Vegas, where Sightline Acquisition with Kirk Sanford invest, and not Bakersfield. Why? They weren’t sure.

As a symbol of what can be accomplished even during a recession, the mayor of Las Vegas, Oscar Goodman, delivered the annual State of the City address from the Golden Nugget Casino in downtown Las Vegas.

The casino recently completed a major renovation with its acclaimed Rush Tower, despite the fact that the economy is weathering difficult economic times in Las Vegas.

The mayor began his address by describing a recent trip he took to London in order to fly on the inaugural flight of the British Airways new connection to Las Vegas. While in England Goodman visited the bunker where Winston Churchill, as Prime Minister of England during WW II conducted affairs of state and met leaders to discuss war related issues.

Learning a great lesson from Churchill and the people of England who endured the hardships of World War Two, the mayor explained,

“I don’t pretend to say that I have any similarities with Winston Churchill other than we both like martinis and we like Cuban cigars,” Goodman said. “But he was facing the dire times of World War II. And we in Las Vegas have the dire times of the economy.”

The attitude the British maintained throughout the war was, “There is no other course for us but to win.”
“That is the same attitude that must prevail in Las Vegas, and with that attitude we will prevail.”

Businessmen and other leaders in the community were happy to hear such an optimistic outlook, and people like Kirk Sanford, real estate investor in Las Vegas, are looking towards better economic times for Las Vegas and Southern Nevada.

A recent survey from Move.com shows that people have their sights set on their home – not just their diet – for 2010. Nearly 18% of Americans in the survey said that they hope to become first time homebuyers in 2010. With mortgage rates down, prices low and the new $8000 first time home buyers tax credit extended until April 20, 2010, this is certainly a good time to invest.

Certainly, Sightline Acquisition Corp and its CEO Kirk Sanford, and many other similar enterprises, see it as a great time to invest as well. Particularly in locations like Las Vegas, where people are still moving in and real estate is selling cheaply, this is a great time to make that investment.

Nearly 16% of those surveyed are considering buying an investment property this coming year. As Nancy Osborne, CEO of Erate.com, a Santa Clara based financial information publisher says, “If you anticipate inflationary conditions in the future, investment property could be a good bet to hedge against it.”

According to research analyst Dave Dworkin of the real estate firm Grubb and Ellis, the serious recession now hitting Las Vegas and vicinity will necessarily cause banks to adjust the pricing on their land holdings. This in turn will create investment opportunities with distressed properties, the kind of which Sightline Acquisition, founded by Kirk Sanford, will be able to avail themselves of.

The weak, flat real estate market, caused by the loss of jobs which is itself an outcome of the national recession can be of benefit to many who are still employed in Las Vegas. Due to a shortage of renters and a surplus of available apartments and office space, landlords are making offers that in many cases, are too good to refuse.

Tenants are now in positions to renegotiate their leases for lower rents and other benefits. In many cases landlords are offering two and three year leases to entice tenants to remain in their apartments or offices.
But most relevant to Kirk Sanford and the Sightline Acquisition Corporation is that as reality sets in and banks realize that the value of real estate was overinflated in 2005 and 2006, today’s more realistic and lower pricing will create a situation of distressed properties which can be seen as great investment opportunities for those in a position to take advantage of the situation.

Sightline Acquisition, the blank check corporation founded by Kirk Sanford to invest in the slowing real estate market in Las Vegas, is designed to benefit from the softer, flatter real estate market trends seen today in Las Vegas.

As job opportunities remain scarce, landlords must vie with each other for the fewer potential tenants available, driving rental prices downward. Growing amounts of empty office space is a reflection of the loss of over 8,300 jobs throughout the Las Vegas valley area.

For someone with a job the landlords’ predicament can be highly beneficial. With landlords offering enticing incentives, such as several months’ rent free; generous tenant improvement allowances; help with moving costs, and other perks, renters with jobs are enjoying a real chance to save money.

Kirk Sanford’s Sightline Acquisition Corporation will also be one of the beneficialries of such an economy.

The real estate market in the Las Vegas area has shown a great deal of fluctuation in the recent past. Sightline Acquisition Corporation, founded by Kirk Sanford is a blank check corporation designed to take advantage of a real estate market on the downbeat.

According to a recently published report, the real estate market in Las Vegas is expected to remain soft into the coming new year of 2010. Job losses continue as the recession hangs on in Las Vegas, with 13% unemployment in the gambling capital of the U.S., which is 40% higher than the figures for unemployment last year.

In the past Las Vegas has always been less susceptible to the effects of recessions. According to analysts, this is the first time the Las Vegas economy has lagged so far behind the general national economy in terms of recovery. Since there has not been the expected growth in jobs, it has been difficult for the rest of the economy in Las Vegas to recover.

Sightline Acquisition Corporation is a blank check corporation founded by Kirk Sanford in Las Vegas, Nevada. The strategy behind investing at Sightline is to identify distressed real estate and purchase it for significantly below market value.

The expectation of a large number of distressed loans coming to market has not been realized even though there is a shortage of mortgage capital and many loans maturing late in 2010 nationwide. However there are certain regions where that have had the greatest downturn in housing and economic activity, and Nevada is one of them.

Sightline is well positioned geographically to locate and invest in distressed mortgages in the Las Vegas area.

The real estate market in Las Vegas is experiencing an exceptionally good summer this year, and Sightline Acquisition with Kirk Sanford at the helm is paying attention.

According to the GLVAR, the Greater Las Vegas Association of Realtors, the month of June in the year 2009 was the best on record for home sales in the area. The statistics include single family homes, townhomes and condominiums in the local Las Vegas area, and the numbers are impressive. Despite the decrease in the number of homes available for sale, the overall cost of a home has remained stable.

In June the number of homes which sold came to the record-setting figure of 4,702, the highest number sold in any single month since the GLVAR has been keeping records. July posted as the second highest single month for home sales, with only 100 fewer homes sold.

Separating out the dollar value of just single family homes from the total, deals totaled $634 million worth for the month of July, and $611 million in the month of June, or a 3.6% decrease since last month and a 7.4% downturn since June 2008.

Sightline Acquisition will continue to keep you in the know about what to know in the real estate scene in Las Vegas.

Investing in real estate in the Las Vegas area is full of exciting and potential lucrative opportunities. Sightline Acquisition, as it is run by Kirk Sanford, is always ready to invest in an “under-market” property from a seller in distress. Yet Sanford is careful to stay out of the limelight and does not generally draw attention to his acquisitions, thereby keeping the larger real estate funds from getting involved.

The business team at Sightline is highly experienced, and together with positive, active relationships, Kirk Sanford has built a winning business combination.