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Las Vegas used-homes market crashes


               
2012 Oct 17, 7:41am   5,194 views  8 comments

by Strategic Renter   follow (0)  

There were 3,544 recorded re-sales in September, down 17 percent from a year earlier,
http://www.vegasinc.com/news/2012/oct/17/las-vegas-new-building-boom/

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7   Strategic Renter   @   2012 Oct 19, 5:13am  

bgamall4 says

While Las Vegas is not yet included, look at this article, and it has another thread just started:

http://www.doctorhousingbubble.com/feudal-system-real-estate-wall-street-new-landlord-entry-level-buyers-bidding-wars-2012/

Prices are cratering
Saw this one today 100k below 1994 price
http://www.redfin.com/NV/Las-Vegas/2681-E-Hacienda-Ave-89120/home/29510381
sellers are now getting desperate to sell before the debt foregivness act ends.

8   joshuatrio   @   2012 Oct 19, 8:21am  

War says

Let the prices crater, then buy later for 65% less.

haha.. lol.

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