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2016-09-08T00:00:00.000Z

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Wrong Steve Bottfeld?

Mr. Steve Bottfeld

Executive Vice President

Marketing Solutions

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Marketing Solutions

Background Information

Employment History

Adjunct Faculty

Glendale Community College

Managing Director

Magazine Division, Review-Journal

Affiliations

Advisory Board Member
NVAHREP Community Outreach

Web References (89 Total References)


"Real estate has always been a ...

www.vip-realty-group.com [cached]

"Real estate has always been a good investment, and right now it has never been better from a residential standpoint," said Steve Bottfeld, executive vice president of Marketing Solutions.

...
No one should confuse this class of investors in residential real estate with those during the boom that bought and flipped houses, Bottfeld said. These investors are looking to hold long term and earn money off rental income, he said.
It makes sense because if someone can buy a home for $100,000 in cash and rent it for $1,000 a month, that equates to a 12 percent return before taxes and other expenses are included, Bottfeld said. Even getting an 8 percent return is better than the 2 percent they might get at their bank, he added.
...
Land came in second after single-family homes because despite the meltdown in the market, it remains a precious commodity, Bottfeld said. Even though Las Vegas is overbuilt, there is a limited supply of land because of restrictions by the federal government, he said.


Production Homebuilding Experts - Gerson Lehrman Group

origin-www.glgroup.com [cached]

Steve Bottfeld, Principal, Marketing Solutions

...
Steve Bottfeld
Principal Marketing Solutions SM is our premium Member ProgramSM. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG. ">
Steve Bottfeld is the Principal of Marketing Solutions, a Las Vegas based firm which specializes in real estate economics and consumer research. Mr. Bottfeld is considered as an expert on the state of the Las Vegas market and his clients range from Citibank...


For homes valued at more than ...

vegasmagazine.com [cached]

For homes valued at more than $500,000, ensuring that water is a key part of the design is critical to the success of high-end builders, says Steve Bottfeld, principal of Marketing Solutions, a Las Vegas-based firm specializing in real estate economics. "You're seeing hot and cold pools, and indoor pools," he says.


Las Vegas Real Estate

miznercorp.com [cached]

But costs of building roads, sewers and utilities "are incredible," says Steve Bottfeld, senior analyst of Marketing Solutions, a local research firm.

...
"This isn't something that's trickling down, it's flowing down, top to bottom, fast," Bottfeld says. "It's the Manhattanization of Las Vegas."


You have to feel sorry for ...

www.greatlasvegashomes.com [cached]

You have to feel sorry for all of the people and the human damage," said Steve Bottfeld, an analyst with local consumer-research company Marketing Solutions.

...
Bottfeld said the influx of labor could especially boost the valley's more affordable housing submarkets. Condominium conversions -- which have a median price below $200,000, compared to a median of more than $300,000 for new single-family homes -- are "already doing extremely well and will do even better," Bottfeld said. Midpriced single-family homes in suburban communities such as Centennial Hills and Green Valley would also be popular among the newcomers, he said. Plus, the northeastern quadrant of the valley -- long one of the city's most affordable sections -- could "come more alive," he said. Bottfeld said short-term housing, such as extended-stay hotels, could also see an upturn in business.
"Another impact is that investors stuck with houses they couldn't flip will finally find people to rent them," Bottfeld said.
...
Bottfeld said any relocation trend from the Southeast to the Southwest would likely continue for six months to nine months, and then slacken as rebuilding along the Gulf Coast begins to generate jobs. Some of those jobs will be in construction, and Bottfeld said that could drain labor from an already tight local construction work force.

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