And then I will be done with it :)
There has been several in depth reports in the Las Vegas Review Journal. Y'all know I am not a big fan of the media, but these are
some pretty detailed reports outlining many of the problems we are facing right now.
I highly recommend that homeowners and renters in the Las Vegas, NV Valley read the three part series dated from Oct 14-16, 2007.
Some of the highlights talk about (the same things I have been talking about!):
- Renters having to move out quickly because the house they are renting is getting foreclosed on.
- Crimes & Arson in neighborhoods with high incidences of foreclosure could rise but are staying statistically low at the moment.
- Mortgage Meltdown
- Tips for Sellers in this market.
- That now is the time for investors to buy!
- Declining values could create an avalanche effect within the foreclosure market
- Predators and Equity Skimmers seeking distressed homeowners.
Not any new stuff than I have been talking about at all. While I was lead to believe this weekend that maybe this stuff isn't widespread, I think the proof is there now that it is. This is a great reference guide for any of the above situations that I mentioned that you may be in. The police department is reportedly doing a ton of investigating on fraud right now.
We cannot ignore these problems or it will just get worse. We need to face them and be proactive.
There, I have closure!
All the Best,Realtor®
Nevada Realty Solutions - Your Dream, Your Investment, You\'re Home!
8942 Spanish Ridge Avenue
Las Vegas, NV 89148
direct: 702-580-1783
fax: 702-995-8237
Renee@ReneeBurrows.com
http://www.ReneeBurrows.com
Renee, I like your "be proactive" sentiment. Now IS the time to buy in the Las Vegas Valley.
Good selling!
Bill Roberts
Renee, nice informative post. Thank you. What I find suprising..well, perhaps not so suprising, is that the articles and concerns are echoed across the country.
I also admire the way you stay on top of the market in the Las Vegas area. You are well informed, obviously educate yourself daily on what is going on in your market area, and your clients are surely blessed to have you representing them.
Hi Renee, I agree tis the season to be investing... our market is definately going to blow wide open soon and I have been keeping a sharp look on homes that have been on the market a looooonnnggggg time.
Stay proactive..its all we've got......Mike Norvell Sr