Thursday, September 13, 2007

There's A Lot Of Real Estate Buyers Who Think We've Seen The Bottom Of The Market For Las Vegas Real Estate

Well, certainly a lot more in the last 10 day than in the last 6 months.

That's why you haven't seen as many daily posts as usual. That's why I've had to wash the car twice this last week. That's why Oxbow sold in 10 days.

That's why there's offers being negotiated as we speak on the 15th and Oakey Mid Mod, as well as the Newport Cove Condo. That's why Susan thinks she's getting an offer in Spokane, and is going to decide this weekend which Townhouse is the best blend of best property and best price.

That's why Lori is shopping for a home to surprise her husband with when he comes home from Iraq in November. That's why my phone has started ringing a lot!

There's signs of life in the Las Vegas Vintage Real Estate Market

Who's right? The buyers who have started to call? Or, the buyers who aren't calling yet. Will it continue to pick up? I'd certainly like to think so, and the signs are pointing to it. Rates are coming down. New loan programs are starting to get introduced (that make sense for the average buyer). Investors are bargain hunting the bank owned properties. Many more buyers are calling than they did last week or last month. We're opening escrows. There's signs of life, at least for me in Very Vintage Vegas.

Will it continue to look like the bottom of the Las Vegas real estate market tomorrow, or next week, or next month?

I'll let you know.

1 comment:

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