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We live in a world of numbers and statistics – people believe you can creatively work with numbers to support any thought process imaginable. Well, we don’t believe that and neither should you! You have to look at numbers from credible sources, if you want to attach any credence to them.
The Greater Las Vegas Association of Realtors (GLVAR in realtor geek speak) just released “Sold Listings by Month” in the…
Surprise, surprise – the news media has been beating the drum about how bad the Las Vegas Foreclosure market is with dire warnings about impending doom and gloom. We disagree and hate to question national media, but our local market is unique when contrasted with other major cities that have experienced drops in real estate valuations. Don’t tell anyone – we may have hit bottom!
Some quick facts – we get…
Lenders throughout the US and here in Las Vegas are clearly slashing prices on homes (dramatically!) to generate interest in Las Vegas Foreclosures. It’s clearly working!
Sales of Foreclosures and other types of “distressed homes” like Short Sale and REO Bank Owned homes are making up the majority of our sales here in Las Vegas. We believe this percentage may be in 50% range or more as of June 2008.
As an…