Investment

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Have we reached the bottom?

Wednesday, April 29th, 2009

Homes in the Las Vegas Valley have lost more than half of their value since the peak in 2006, but there are indicators that we may have reached the bottom. The Standard & Poor’s/Case Shiller index released Tuesday showed home prices in 20 major cities including Las Vegas tumbled by 18.6% from February 08.  That [...]

NAR Chief Economist Feels Las Vegas Valley to Lead Recovery

Thursday, February 26th, 2009

Lawrence Yun, the chief economist for the National Association of Realtors, feels that the Las Vegas Valley will lead the nation in the housing market recovery.  Yun believes that we should start to see early signs beginning in the second half of the year. Low mortgage rates, combined with first-time homebuyer assistance from the federal [...]

Reaching the Bottom?

Thursday, December 18th, 2008

The Las Vegas Business Press recently ran this article on the local housing market.  It suggests that for at least the new home market, we may have already reached the bottom for prices.  As for the resale market in Henderson and Las Vegas, we are heading that way quickly.  The resale market will bottom out [...]

Las Vegas Homes called Undervalued!

Wednesday, December 10th, 2008

Yesterdays Las Vegas Review Journal’s business section headline read LV homes called undervalued.  This article goes on to state that the Las Vegas and Henderson Real Estate Market is now approximately 19% below market value. Financial experts agree that now is the time to begin purchasing properties in the local market.  To read this article [...]

Smart Money vs. Fearful Money

Friday, December 5th, 2008

The most common questions that people ask me in today’s market are; 1. Have we reached the bottom?, 2. Is now the time to buy? I’ll answer the second question first.  With all of the negative news that we see and hear on a daily basis it is not surprising that most individuals are scared [...]

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