[LuisSuarez]

Originally Posted by 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.

They’re buying into Las Vegas like never before.


They’re pumping cash into major resort projects and big stage productions on the Strip and they’re purchasing single-family homes in quiet neighborhoods.

[logline]

Originally Posted by 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.

It's right there in the 2nd paragraph:
"...and they’re purchasing single-family homes in quiet neighborhoods."


Not to mention the E-B5 feature they're taking advantage of:
"Quietly released as part of the Immigration Act of 1990, the EB-5 programs created new opportunities for legal immigration to the United States"

And it's not just a new thing:
"Time and time again, Las Vegas has been named a top-10 market for Chinese homebuyers. “We have a realty arm that sells homes,” said Jacoby, who consistently sees wealthy Chinese investors moving to Las Vegas to buy homes in the suburbs for their families. That’s because Chinese tourists — both visitors and investors — love Las Vegas."

[SoHoVe]

Thank you for pointing that out.

[ddrhazy]

[orphaned]

I don't care if investors buy the houses. There's many "landlord cities" out there. The realtors don't care who's buying either. If the prices come down, that would invite more transactions to realtors' benefit. I don't care if the banks are manipulating the market or not and to what degree, it's something that's out of our hands anyways. If it's not illegal then it's none of our business other than to be aware of the backlog and offer caution when caution is due.

When someone asks me, "Should I buy a house?" it's never a simple yes or no. It's based on each individual's future plans and what makes the best sense financially. Real estate is an investment with risk just like anything else. Anyone offering guarantees is simply lying. Nobody knows the future and all we can do is track the history, nothing more.

[lvoc]

Price is up 5 or 6% so far this year. That is pretty hefty growth. I would think we are simply seeing the noise in these figures bouncing around. Median is subject to noise from size shifting. If the mix changes, as it does periodically, the median moves on its own. It is the other side of the sensitivity of the mean to large transaction jerking the number around.

I think we need to watch this number for a while. At the moment the 30 day median is up to $194,000. So we will likely see an increase in May.

[ddrhazy]

Seems to be holding steady at 1% as far as I can tell.

[ragabnh]

Anybody watches CNBC, the real estate market in the US is slowing down, sales are slowing inventories are rising and prices are not appreciating and if I remember correctly it is down a little.

[airics]

Originally Posted by ragabnh

Anybody watches CNBC, the real estate market in the US is slowing down, sales are slowing inventories are rising and prices are not appreciating and if I remember correctly it is down a little.

for the whole country as a whole yes... remember we are in a strange place......What are the top 10 places people are moving out of and into....? They have to live somewhere...

[LuisSuarez]

The largest metropolitan areas, defined as those with populations greater than 950,000, that experienced the most rapid appreciation rates on a year-over-year basis compared to fourth quarter 2012 were Las Vegas (+26 percent),

CoreLogic Case-Shiller Home Price Indexes Confirm 11.3-Percent Increase in Q4 2013 - MarketWatch

[LuisSuarez]

Nevada foreclosure rate down to No. 8 in US

The market here is going from strength to strength.

Nevada foreclosure rate down to No. 8 in US - Las Vegas Sun News