Comments on: House Prices in California and Las Vegas Hit Hard by Wave of Foreclosed Properties

By: C Richey

C Richey — Sat, 24 Oct 2009 22:46:51 +0000

Sigh....the reason that things were looking up in July was due to a self imposed lender moratorium on foreclosures. That ended in June of this year and over the summer foreclosures crept back up. Sales are humming along, true enough. But there are still waves of homes that are going to go into foreclosure before the end of the year. Things are improving, but Las Vegas isn't nearly out of the woods yet.

By: David Lloyd

David Lloyd — Sat, 17 Oct 2009 05:03:16 +0000

Correct the devil is in first Then the renters end up demanding down renting then the people with investment dollars hold off then the next lot capitulate, as Lee said Thousands of Interfaced markets all ticking down, The devil has a bigger burning hole and his/her furnace is becoming more devouring, Shovelling and default leveraging will keep this Devils fire hole brimming with consuming forclosers and Debt-- you need social engineering, ---By the way here in AUSTRALIA all our real estate has had a 10% rise in value in the past year and its still trundelling along. Real Social Engineering . THE WORLD HAS GONE MAD --DAVID LLOYD

By: Lee Traupel

Lee Traupel — Tue, 30 Jun 2009 23:54:13 +0000

I politely disagree with some of your points. Yes, the USA economy is going through tough times, I cannot dispute this. But lumping our real estate market here in Las Vegas (as an example) with the US economy as a whole does not server your readers. The real estate market in the US is made up of hundreds of major markets that have disparate statistics; yes, we have plenty of existing and pending foreclosures but we are seeing multiple offers on many homes in Las Vegas for example and in many other cities too! We need more inventory (supply!) and the Las Vegas Real estate market and the impending release of new foreclosures we think will help our market. Also, our prices did not drop the last month - we think the market has bottomed out and this may be true in other markets. The $0-150K range (USD) right now is red hot in many markets around the US, including Las Vegas. And, many of these properties are being purchased by investors from around the USA. So, you have to look into the numbers - old Australian saying "the devils in the details."