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Old 12-08-2012, 12:22 PM
 
2,421 posts, read 3,558,174 times
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or are they just listing them lower than usual to get you interested in making a bid. I am seeing prices of homes listed recently that I haven't seen since early 2011 What's happening?
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Old 12-08-2012, 12:27 PM
 
Location: Northeast
1,887 posts, read 1,709,900 times
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Home prices are going up, for the most part. It all depends on where your from, and what market your looking to buy in.
If you are looking to buy, i wouldn't wait that much longer, as interest rates are still low, and u can still find a good house on the cheap.
That may not be the case 2 years from now.
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Old 12-08-2012, 02:23 PM
 
Location: Henderson
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As far as Vegas is concerned, all the debtors who can't make their payments are being flushed out of the system. However, things are not all that bad in Vegas because 50% of the SFRs being sold are all cash deals. What this tells me is that there is real solid value in Vegas real esate at current prices. Low interest mortgages are not a bad thing because most of the folks have to put 20% down so they have some interest in making the monthly payment. What Vegas needs right now is stability and plenty of it.

Long term interest rates will stay low as long as the national debt remains high, and this is a good thing for Vegas with its 11% unemployment. There is nothing low about credit card debt interest.

Anything, I don't worry about such things since nobody has any idea what is going on.
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Old 12-08-2012, 02:29 PM
 
Location: ( ͡ ͜ʖ ͡) (╯□)╯︵ ┻━┻ ̡
7,112 posts, read 10,852,083 times
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Quote:
Originally Posted by Earlyretirementlv View Post
Where are first time home buyers?
They are now second time home renters or they are too cautious to jump in right now.




Sent from cell...
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Old 12-08-2012, 06:09 PM
 
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I didn't want to discuss the economy. I am familiar with the housing prices in Vegas. Just saying in the last couple of weeks, there have been quite a few VERY reasonable property listings and I don't know if they are just lowering price more to lure bidders, or they are legitimate normal listings.

As an example. I just saw a house listed in the Lakes (single story 1600+ sq. ft) that looks in pretty decent shape for $100,000. Now normally a house like this would sell for $135,000 to $140,000.

I'm seeing some houses in nice area of Henderson/Green Valley area being listed for $125,000 - $135,000 that I haven't seen in over a year. We are all aware of listing and selling price being different. I am just saying the asking listed prices are lower lately.
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Old 12-08-2012, 06:38 PM
 
12,973 posts, read 12,137,944 times
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Quote:
Originally Posted by modhatter View Post
I didn't want to discuss the economy. I am familiar with the housing prices in Vegas. Just saying in the last couple of weeks, there have been quite a few VERY reasonable property listings and I don't know if they are just lowering price more to lure bidders, or they are legitimate normal listings.

As an example. I just saw a house listed in the Lakes (single story 1600+ sq. ft) that looks in pretty decent shape for $100,000. Now normally a house like this would sell for $135,000 to $140,000.

I'm seeing some houses in nice area of Henderson/Green Valley area being listed for $125,000 - $135,000 that I haven't seen in over a year. We are all aware of listing and selling price being different. I am just saying the asking listed prices are lower lately.
Address? I really don't believe you. There are three homes in the Lakes below $125K. All three are shorts and the one at $125K has tenant problems as well.

[mod cut-- personal] I don't see any softening. Be glad to look at any addresses you would like to suggest as examples.

Some of the condos are up over 50% which I find mind blowing. And pricing in November is up yet again...led by...REOs.

I see no rationality to any of this buy I don't see any downward movement...and I don't believe you do either.

Another example. SFRs in Sun City Summerlin are down to 70. Lowest in our memory. Normal level is twice that. And this is an area only lightly impacted by foreclosures and shorts.

Last edited by observer53; 12-11-2012 at 03:52 PM..
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Old 12-08-2012, 07:20 PM
 
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How many home are yet to be forclosed on and to hit the market?
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Old 12-09-2012, 06:27 AM
 
Location: Henderson
1,030 posts, read 1,303,848 times
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Quote:
Originally Posted by modhatter View Post
I didn't want to discuss the economy. I am familiar with the housing prices in Vegas. Just saying in the last couple of weeks, there have been quite a few VERY reasonable property listings and I don't know if they are just lowering price more to lure bidders, or they are legitimate normal listings.

As an example. I just saw a house listed in the Lakes (single story 1600+ sq. ft) that looks in pretty decent shape for $100,000. Now normally a house like this would sell for $135,000 to $140,000.

I'm seeing some houses in nice area of Henderson/Green Valley area being listed for $125,000 - $135,000 that I haven't seen in over a year. We are all aware of listing and selling price being different. I am just saying the asking listed prices are lower lately.
Have you been inside the houses? If not, then comments about the price don't mean much.
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Old 12-09-2012, 06:44 AM
 
Location: Henderson
1,030 posts, read 1,303,848 times
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Quote:
Originally Posted by Caltovegas View Post
How many home are yet to be forclosed on and to hit the market?
Nobody knows since the banks might sell them in an off-market transaction.
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Old 12-09-2012, 07:00 AM
 
7,673 posts, read 11,278,341 times
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Quote:
Originally Posted by modhatter View Post
.... I am just saying the asking listed prices are lower lately.

I really don't understand the purpose of this thread. You started a thread two days earlier that asked the very same question.

Prices now compared to 2010?


In fact, in that thread you were provided with a link to an LVRJ article that shows statistically that asking prices have been rising in Las Vegas, not falling.

Quote:
Originally Posted by 007 license to sell View Post
And in our local paper recently point out that is what is happening here.

Asking prices for Las Vegas homes rise 13.7 percent
So, what exactly are you looking for now?
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