Kirk Sanford News

According to the Las Vegas Review-Journal, things are not looking up for the Nevada housing market.  Nevada ranks first across America in residential foreclosures and second in delinquencies for the second quarter of 2010.

As Stephen Brown, the economist who just became the director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, said, “The Las Vegas housing market is pretty close to a bottom.” He doesn’t expect to see residential real estate begin to recover for another three years or so.

Unfortunately, Nevada is in good company with their foreclosure rates.  RealtyTrac, a foreclosure listing service, reports that more than 2.3 million homes have been repossessed by lenders since the recession began in December, 2007.

Many banks have tightened their lending standards as a result of these real estate issues.  Certainly, some companies are able to help with these real estate issues. Sightline Acquisition, Inc. with Kirk Sanford, for instance, is a privately held Las Vegas-based investment fund specializing in the acquisition of distressed commercial and residential real estate. While benefiting from a depressed market, companies like this one with Kirk Sanford can, hopefully, help to breathe life into the real estate market and boost sales.

Sightline Payments with CEO and President Kirk Sanford has unveiled a number of smart products for the US Gambling market.  Their goal is to deliver products that use cutting-edge technology and that are user-friendly as well.
Their SmartStation, for instance, is a web based application for cage cashier personnel.  It improves cage workflows, enhances user compliance reporting and lowers operator’s costs.  Certainly, these improvements offer the worker an easier work environment, while offering patrons quick and easy processing and allowing the casino the best in new technology.

In February of 2010, Sightline Payments with President and CEO Kirk Sanford announced its entry into the gaming payments industry.  With their superior products for the US Gaming market, they offer Ticket Redemption and Bill Breaking Kiosks, STM, Credit and Debit Cash Advances and Check Warranty Services.
As Kirk Sanford, President and CEO of Sightline Payments explains, “Our competitive advantage simply boils down to better products and better service for less money. We are a new company, but, certainly not new to the industry. Our management team has more combined gaming payments and ticket redemption experience than any other company in the business.

Valley View Vineyards is a family owned boutique winery that creates outstanding wines for family, friends and charitable events. This family owned boutique with Kirk Sanford sites on 8 acres in the heart of the Coombsville wine region. They enjoy having neighbors who have been part of high-end wine production including Joseph Phelps, Caldwell Vineyard, Nicke & Nickel, The Hess Collection and others.

Their wine production is dictated by the family’s pallet and by what they enjoy. They create wines with intense flavors, rich textures and distinct body.

Certainly, the real estate market is one that has been hard hit by the economic downturns. One interesting option for developers and for condo owners is to turn to the rental market in Las Vegas. A number of luxury condo projects have begun renting portions of their units. Several developers are also looking into the idea of time shares.

Housing analyst in Las Vegas, Steve Bottfeld, sees this rental trend as one that will continue. This can become a way to generate revenue for developers.

This information mostly affects developers, but is also of interest to companies such as Sightline Acquisition with Kirk Sanford and others who are interested in real estate in Las Vegas.

There is some promising news for the real estate prices in Las Vegas, but they still seem to have a ways to go. In April, Las Vegas home prices edged up slightly as measured by the Standard & Poor’s/Case-Shiller Home Price Indices. However, Vegas still trails behind other big cities in the recovery or residential real estate prices.

S&P did indicate that Las Vegas prices increased .2% from March to April, a positive sign that is certainly encouraging for businesses like Sightline Acquisition with Kirk Sanford and others.

However, looking at a year-over-year basis, Las Vegas prices were down 8.5% in April, in comparison to a 3.8% average increase for 20 other markets that were included in the report.

For anyone looking into getting a mortgage, or concerned about the future of their mortgage rates, there is good news.  Reports have shown that: “30-yr fixed mortgage rates continue to hold at a record low 4.375% for well-qualified borrowers paying a standard .07 to 1 point origination. 15-yr fixed mortgage rates have dipped once again, setting a new record low, at 3.75%, down from 3.875.”  This definitely spells good news for home owners and those looking to possibly invest in the property market.

Carla L. Davis, the author of a recent post on RealtyTimes.com helps homeowners to think about when it is time to move up. If you’ve had another baby, accepted a retired parent to live with you, welcomed a divorced child back into the house, and more, then you may be considering purchasing a larger home. How do you know when the time is right to do so?

First, you need to consider the interest rates at the time when you are considering moving. You need to look at your budget and at your income. You need to consider if you have enough equity in your current home to put more money into your future purchase. You should also be educated about current market conditions, and you should think clearly about where you want your new home to be based on schools, commuting times and more.

These considerations could have you when thinking about purchasing a larger home. Certainly, in the Las Vegas area, home owners and real estate investors like Kirk Sanford, take these questions into consideration with their purchases.

Certainly, many real estate collections today advertise that they are “Green” properties. Others, who already own their property, are considering turning their home into a more green home. This blog helps you to see, in dollars and cents, exactly how much going green is worth for your resale value. It’s a very practical blog post for anyone who is considering this real estate option.

Although there is no denying the fact that the Las Vegas housing market is not faring all that well, this does not necessarily spell bad news for people like Kirk Sanford and companies such as Sightline Acquisition Corp.  A recent report actually suggested that there was some slight improvement anyway in the market.  In April for example, the cost of homes was on average $126,000 which is an increase of $6,000 from the previous month.  So there is reason for people like Kirk Sanford to be optimistic.

Kirk Sanford and Sightline Acquisition Corp.

CEO of Sightline Acquisition Corp, Kirk Sanford has been only too aware of what has been occurring – for better and worse – in the Las Vegas real estate market.  His company was established to “specialize in acquiring distressed property and other assets,” so when something goes wrong in Las Vegas property, Sanford and Sightline are on it.  Hopefully, what has been occurring recently in the Vegas real estate market will take the direction of the most recent month and things will really start to look up in this area.