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Las Vegan Massi hosts FNC real estate series

He won’t be flipping houses or making over your man cave. Instead, Las Vegan Bob Massi will discuss property trends and pricing deals each week on “Bob Massi Is the Property Man.”

Premiering at noon Saturday on Fox News Channel, the 30-minute series also will feature advice for small-business owners and families.

Massi, who’s been a legal analyst for Fox News Channel since 1998, is kicking off the series with a look at the local housing market.

It’s no surprise that the Las Vegas market would be first on Massi’s checklist. Aside from his first-hand knowledge, the city has seen enough housing-related Sturm und Drang to fill a few real estate soap operas. Here’s the narrative arc: An investment frenzy ran up local housing values to a median price of $315,000 in 2006. A recession took hold of the city in 2007 and didn’t let go for the better part of half a decade. By 2012, the median price had dropped by two-thirds, to $118,000.

Prices have since recovered to $220,000, but like those values, home sales, permits and other indicators remain well below pre-bust highs.

Where there’s drama, there’s TV. A&E’s “Flipping Vegas” and HGTV’s “Property Brothers” and “Buying and Selling” are just a few of the real estate-related shows with Southern Nevada connections.

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