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Old 09-09-2008, 10:17 AM
 
Location: Fort Worth and Las Vegas
255 posts, read 361,931 times
Reputation: 73
Wrong. try again.
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Old 09-09-2008, 10:50 AM
 
Location: Las Vegas
3,731 posts, read 5,720,630 times
Reputation: 1240
It's from this website...actually a website pertaining to San Diego/Southern Cali foreclosures...

Bubble Market Inventory Tracking of the Foreclosure Market..

Foreclosure figures are listed first, pre-foreclosures are listed next.

Bubble Markets Inventory Tracking


Scroll halfway down the page... until you reach the heading:

Sunday, August 31, 2008
Tracking Foreclosures and Pre-Foreclosures
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Old 09-09-2008, 11:06 AM
 
Location: Here and there, you decide.
9,496 posts, read 14,581,664 times
Reputation: 2410
wow, phoenix and los angeles are in trouble too..
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Old 09-09-2008, 11:12 AM
 
Location: Las Vegas
3,731 posts, read 5,720,630 times
Reputation: 1240
So. California, Phoenix, L.A....hot investor markets
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Old 09-09-2008, 11:18 AM
 
Location: Here and there, you decide.
9,496 posts, read 14,581,664 times
Reputation: 2410
i think the banks should forget the arm loans all together, the interest rate you are paying today should be able to be locked....
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Old 09-09-2008, 12:17 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 361,931 times
Reputation: 73
exactly. until that pig goes through the snake, there is no recovery
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Old 09-09-2008, 05:24 PM
 
17 posts, read 25,269 times
Reputation: 10
Quote:
Originally Posted by airics View Post
i think the banks should forget the arm loans all together, the interest rate you are paying today should be able to be locked....

Are you suggesting that people should be able to lock in their teaser rates?
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Old 09-09-2008, 09:07 PM
 
Location: Here and there, you decide.
9,496 posts, read 14,581,664 times
Reputation: 2410
no not a 2% rate... a realistic rate.
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Old 09-09-2008, 09:18 PM
 
Location: NW Las Vegas - Lone Mountain
15,757 posts, read 20,335,647 times
Reputation: 2661
Pigs going. Coming out quicker than going in. Amazing market. Volume is high and price continues to drop.

Clearly going to maintain the high volumes into October...maybe longer.

From the trenches it is getting really hard to buy at the lower price points. You end up making 12 or 14 offers to get a house. One would expect upward pressure from the low end forcing the median up..But it is not happeing.

So what can you say? A very nice buyers market feed by the REPOs. If you are a seller...DON'T...wait a year. Rent if needed.

This can't continue and there may well be good things pretty quick after the Pig is mostly gone.

Then again the last time we saw light at the end of the tunnel it was a train.
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Old 09-09-2008, 10:26 PM
 
17 posts, read 25,269 times
Reputation: 10
Quote:
Originally Posted by olecapt View Post

Clearly going to maintain the high volumes into October...maybe longer.

How do you think the Vegas housing market will be affected by the new housing bill, specifically, the lack of down payment assistance? I've read that as much as 80-90% of all recent loans were made with down-payment assistance.
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