[airics]

I love that property taxes are skyrocketing...they plummeted and go up 3% yep that's skyrocketing... you think property taxes are high here? You don't know what high property taxes are. Go live in a tent!

[tbill618]

Originally Posted by SportyandMisty

Institutional money (pension funds) flowing into real estate are an indication of the quest for non-correlation among asset classes. That money flowing into Las Vegas real estate in particular is an indication of the quest for alpha, and a “two thumbs up” vote for the local Las Vegas economy.

One small point. Normally you're right about non-correlation of assets. But that breaks down when monetary policy puts a bid under all asset classes like in 2003-07 and now.

[ragabnh]

Per MSN Real Estate Nevada is sixth highest in the US in forclosures, number one is Florida.

[Ali Baba 702]

So how come no one reported that median house price went DOWN last month in Vegas????????
April is the peak month when it comes to buying and selling in Vegas and prices not only didn't increase, but actually went down.
That can't be good for our real estate shill group on this board.

"The median sales price of previously owned single-family homes in Southern Nevada last month was $192,000, down 1.5 percent from March but still up 15 percent from a year ago, according to a new report from the Greater Las Vegas Association of Realtors."

"6,420 single-family homes were on the market last month without any offers. That inventory more than doubled from a year ago, the GLVAR reported."

Buy, buy, buy hehehehe

[bayview6]

Originally Posted by Ali Baba 702

So how come no one reported that median house price went DOWN last month in Vegas????????
April is the peak month when it comes to buying and selling in Vegas and prices not only didn't increase, but actually went down.
That can't be good for our real estate shill group on this board.

"The median sales price of previously owned single-family homes in Southern Nevada last month was $192,000, down 1.5 percent from March but still up 15 percent from a year ago, according to a new report from the Greater Las Vegas Association of Realtors."

"6,420 single-family homes were on the market last month without any offers. That inventory more than doubled from a year ago, the GLVAR reported."

Buy, buy, buy hehehehe

One month does not make a trend, my friend.

[LuisSuarez]

This is why local incomes do not matter when it comes to house prices. Outside money continues to pour in.

Why China loves Las Vegas - Las Vegas Sun News

[boboluv]

Originally Posted by Ali Baba 702

So how come no one reported that median house price went DOWN last month in Vegas????????
April is the peak month when it comes to buying and selling in Vegas and prices not only didn't increase, but actually went down.
That can't be good for our real estate shill group on this board.

right, if you want to generate enthusiasm for a product, you better not let the customer know that the price just went down. those shills are screwed now!

[SoHoVe]

Originally Posted by bayview6

One month does not make a trend, my friend.

I'm not banking on continued high levels of appreciation but NO, one month does not equal a trend.

[MSchu]

one month is really barely a data point, let alone a trend...

[SoHoVe]

Just skimmed the article about chinese investors...

It didn't appear to have anything to do with residential real estate (if I'm mistaken feel free to call me out on it).
Basically it seemed to state over and over that the chinese consider Las Vegas a stable place to invest in commercial.