[VegasVicsezhowdy]

You cannot build a housing recovery on a foundation of toxic debt. It won't work. What you're seeing is deception, a diversion. People are not so gullible any more.

[Onlyliveonce]

For those posters that keep predicting "doom and gloom" in the housing market I have a few questions.

What is a family with young children looking to stay in one place and build roots in the community to do?
Any posters with a "doom and gloom" view have any children ?
Is there ever a time to buy, if so when ?

IMHO nothing is perfect, and when you factor raising children into the equation I see now as a great time to buy versus waiting until you and the family are too old. BTW I paid 94 dollars a square foot in the Henderson area last yaer and feel pretty good about it.

[aardogfsu]

Originally Posted by Onlyliveonce

I paid 94 dollars a square foot in the Henderson area last yaer and feel pretty good about it.

good point about raising a family and glad you like your house.

What's weird on my own purchase last month is:
I paid $258k for a 3600sqft. house off of Twain and Ft. Apache (about $71sqft)
The thing went up to $270,000 last month then lost $4,000 this month and is valued at $266,000.
It's carpeted, nothing fancy, no pool, but everything smaller than this in the area is going for over $300k, and you can't find something listed like this for the price I paid...what's with that $266,000 value?

[Onlyliveonce]

Originally Posted by aardogfsu

good point about raising a family and glad you like your house.

What's weird on my own purchase last month is:
I paid $258k for a 3600sqft. house off of Twain and Ft. Apache (about $71sqft)
The thing went up to $270,000 last month then lost $4,000 this month and is valued at $266,000.
It's carpeted, nothing fancy, no pool, but everything smaller than this in the area is going for over $300k, and you can't find something listed like this for the price I paid...what's with that $266,000 value?

I use COMPS from Redfin on recent sales within 3 months, that should be an accurate number. If your house is worth 300k or 250k is there a difference if you are not moving ? The value you receive in raising your family in the security of your home is priceless. Enjoy

[lvoc]

Well about through with March. The price rise appears to be accelerating. SFR pricing is up over 3% in March. Inventory is down a little, bit too soon to tell about sales volume.

Sure looks like this thing has legs. Note that one component is that the price of foreclosures is going up real fast. So if you dumped more foreclosures into the mix the price likely goes up even more.

[logline]

Originally Posted by lvoc

Well about through with March. The price rise appears to be accelerating. SFR pricing is up over 3% in March. Inventory is down a little, bit too soon to tell about sales volume.

Sure looks like this thing has legs. Note that one component is that the price of foreclosures is going up real fast. So if you dumped more foreclosures into the mix the price likely goes up even more.

Las Vegas unemployment rate just dropped below 10%. That has to be the real story.

[NoMoreRJ]

Originally Posted by Onlyliveonce

For those posters that keep predicting "doom and gloom" in the housing market I have a few questions.

What is a family with young children looking to stay in one place and build roots in the community to do?
Any posters with a "doom and gloom" view have any children ?
Is there ever a time to buy, if so when ?

IMHO nothing is perfect, and when you factor raising children into the equation I see now as a great time to buy versus waiting until you and the family are too old. BTW I paid 94 dollars a square foot in the Henderson area last yaer and feel pretty good about it.

If you are buying for the long term this is a great time, as the up and down in the next 1-10 years to come will not mean anything for you. The greatest time seems to have been from 2010 July - 2012 May as those times seems to be the lowest prices in the valley with great low interest rates.

[Trader Joe99]

From LVJ today;

"Rick Phillips, president of FTN Financial Main Street Advisors, said "zombie foreclosures" are definitely a material problem for Las Vegas and will put downward pressure on home prices.

He also expects to see prices decline if Nevada's robo-signing law is revised in the Legislature."

Las Vegas Review Journal : Half of Nevada foreclosed homes are vacant, abandoned

[aardogfsu]

Originally Posted by Trader Joe99

From LVJ today;

"Rick Phillips, president of FTN Financial Main Street Advisors, said "zombie foreclosures" are definitely a material problem for Las Vegas and will put downward pressure on home prices.

He also expects to see prices decline if Nevada's robo-signing law is revised in the Legislature."

Las Vegas Review Journal : Half of Nevada foreclosed homes are vacant, abandoned

Hi Joe, when will be a good time to buy?

[lvoc]

Originally Posted by Trader Joe99

From LVJ today;

"Rick Phillips, president of FTN Financial Main Street Advisors, said "zombie foreclosures" are definitely a material problem for Las Vegas and will put downward pressure on home prices.

He also expects to see prices decline if Nevada's robo-signing law is revised in the Legislature."

Las Vegas Review Journal : Half of Nevada foreclosed homes are vacant, abandoned

Quote from article...

"Nevada is No. 13, with 6,070 vacant foreclosures. "

Why don't you reference the actual article rather than a limited facebook quote?

6,000 homes spaced over a year or more is not going to make any impression. In fact hard to notice against the 400,000 properties.

Half of Nevada foreclosed homes are vacant, abandoned | Las Vegas Review-Journal