[KevK]

The days of wildly appreciating home values is probably over. They will go up roughly in line with wages and salaries.

[ClarkGrisowld]

Originally Posted by KevK

The days of wildly appreciating home values is probably over. They will go up roughly in line with wages and salaries.

Will be some time before a bubble again, but places like CA and Vegas are going to be prone to above average run-ups and then above average corrections. Basic supply and demand. When times recover, Vegas' growth will return and that will drive above average appreciation in the short-run.

However, the interesting consideration is a lot of jobs are created have limited upside, which even with a shortage of supply should limit appreciation. Not sure how much the investors and retirees will continue bidding up prices around the Strip. At some point the smart money realizes there is no local support for hundreds of million dollar homes in close proximity to the Strip.

[software1]

According to a report released today by TransUnion, mortgage loan delinquency increased for the eighth straight quarter, hitting a national average high of 4.58 percent for the fourth quarter of 2008. Delinquencies are up 53 percent from the same period last year.

Mortgage borrower delinquency rates were highest in Florida (9.52 percent) and Nevada (9.01 percent).... Dow below 7K, keeps getting worse.

Source: PrNewswire

[SHEPNYC]

2 more years to wait, interesting article.

ReviewJournal.com - Business - Analyst predicts late 2011 for Las Vegas real estate to begin full recovery

[lasto]

This article came up in discussion a couple weeks back. I think i remember someone saying RE propaganda or somehting alond the lines. But dang as a soon to be LV homeowner, stuff like this makes me anxious to jump on buying a house this year as opposed to next year like i was planning.

[MomMom]

Originally Posted by lasto

This article came up in discussion a couple weeks back. I think i remember someone saying RE propaganda or somehting alond the lines. But dang as a soon to be LV homeowner, stuff like this makes me anxious to jump on buying a house this year as opposed to next year like i was planning.

I posted it back in Feb, this post by Shepnyc is a duplicate.

http://www.city-data.com/forum/las-v...ry-2011-a.html

[Fastrudy]

Economics is not an exact science. If you laid all of the economists end-to-end, they still won't reach a conclusion.

[jjameson922]

According to the Bernake interview Sunday, he is hoping and expecting to see improvement in the latter part of this year.

[Wing Feathers]

Originally Posted by jjameson922

According to the Bernake interview Sunday, he is hoping and expecting to see improvement in the latter part of this year.

That would be nice I plan on buying something soon...

[Fastrudy]

he is hoping and expecting to see improvement in the latter part of this year....

a better helicopter?