Has our housing market hit rock bottom?

Profile picture for AgentRenee


Nice read on the Southern Nevada market....

 

"Southern Nevada's housing slump is on the verge of hitting rock bottom, if it hasn't already done so." 

 

"...if you wait, you could miss out on the best deals."

 

http://www.kvbc.com/global/story.asp?s=8075298



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March 27 2008 - Las Vegas

Replies (16)

Profile picture for caddyjoe77

I think it is just about there myself. 

 

If i could afford it i would so buy another house that is down the street and pocket the profit in about 1 year

 

 

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April 24 2008
Profile picture for JimtheTurk

I think we have 6-9 months min. before we hit rock bottom. Don't

listen to the people who say otherwize...."They most likey work in the mortage or real estate business and need your money!!  Don't be fooled because the 3-1 arms of 2005 have not hit the open market. Remember 3-1 arms change for an 05 purchase this year, plus add the 6-9 months before foreclouser and then the time till the Bank lists the home!

 

VEGAS IS FULL OF SCAMS!!! BEWARE OF GETTING SCAMMED YOURSELF!!!!

 

P.S. If you do buy a home make sure you are getting for atleast 15-20% below current market price. Just in case the price continues to drop(LIKE IM SAY), plus there are way to many homes on the market to be paying retail!!!

 

You will thanks me later,

 

Jim

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July 08 2008
Profile picture for Ryan

I heard this morning on the radio that Vegas experienced the greatest depreciation of any market for the month of May at (28%).  I graduated from high school in Las Vegas, and although I don't live there now, I can't help but still feel a connection.  I hope that you pull out of the nose dive soon.

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July 29 2008
Profile picture for Ryan

Here is a link to an article citing that.  http://www.msnbc.msn.com/id/25903217

 

28.4%

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July 29 2008
Profile picture for LVrealestateHELP
Home prices are still falling. The bottom maybe close but we have to stop falling before we can stabalize....
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March 17 2009
Profile picture for sunnyview
I read that almost 1 in 60 homes in that area of Nevada is in foreclosure now. That seems really high. I hope it will turn around soon, but with numbers like that it may take a little while.
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March 17 2009
Profile picture for Wardley
Not with the influx of Las Vegas Foreclosures about to hit the market.
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May 22 2009
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[content removed by moderator for being self-promotional]
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May 22 2009
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s
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May 23 2009
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lori ballsack,

stop posting your garbage here
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May 23 2009
Profile picture for LVrealestateHELP
Lori Ballen stop spamming. Just answer questions. If people want your contact info they will look up your profile.
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May 23 2009
Profile picture for Mr Caveat
lol when i saw this i was certain azrob was just reviving a 14 month old thread to show us that the arguments havent changed one bit... instead i find the irony of the fact that the agents just picked up where they left off! "30% off yoy it must be close now..."
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May 23 2009
Profile picture for sunnyview
Ms. Ballen, you have been spamming all day. Please stop. When you see this "[content removed by moderator for being self-promotional]" it means that you are spamming or including info that is not allowed in that format on this site. There are other ways to market here, but if you keep doing it this way, you will get a bad reputation and insulted. You might want to check this out here that explains good ways to market with Zillow and here which also has good ideas on build your profile in a positive way. Hope the links help.
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May 23 2009
I hope we are at bottom!
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October 03 2010
Profile picture for Realtor_DC

Sadly I think the asset managers at major banks are insiders with this answer.

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October 03 2010
Profile picture for the_country_hick
This was asked in march of 2008.

We were nowhere near a bottom then.

Why should we believe we are at a bottom now?

We are hearing the bottom is in, now and 2-1/2 years ago.
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October 03 2010
 
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