Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-24-2009, 12:27 PM
 
391 posts, read 1,713,952 times
Reputation: 143

Advertisements

Quote:
Originally Posted by Fastrudy View Post
over the next 6 months I'd say prices will move 5-10% in either direction, possibly both.

Are you an economist? "Give them an event or give them a date, but don't give them both". Oh, sorry, that's the law of psychics, not economics. Those two studies are so close, they might as well be the same thing.
No, I'm saying that prices could fall another 5-10% and then recover over the next 6 months.
Reply With Quote Quick reply to this message

 
Old 04-24-2009, 12:35 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 557,033 times
Reputation: 73
Quote:
Originally Posted by olecapt View Post
February is done. Volume is up over 10% from January. Inventory is dropping slowly. But it is dropping.

And get this. The median is up. Not much. but up. And the average is up a good bit.

And the pendings continue to grow..Fast.

"Happy days are here again"...well not quite...But getting close.

If the present trend continues we will likely cross over last year in April or worse case in June.

Note that this deals with Las Vegas...and not with National RE. RE is Local.

And this is happening with all those awful foreclosures clotting up the market.

"Happy days are here again"... Getting close
I swear you could have written this yesterday but it was from February 2008.
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 01:23 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,208,368 times
Reputation: 2661
Quote:
Originally Posted by rpachigo View Post
I swear you could have written this yesterday but it was from February 2008.

Nope. Utterly different markets with utterly different mechanisms. That is before the suicide trend of the lenders was clear.

You have to keep these things in context. There is no similarity between then and now.

Interesting time though...and still.
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 02:33 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 557,033 times
Reputation: 73
Quote:
Originally Posted by olecapt View Post
Nope. Utterly different markets with utterly different mechanisms. That is before the suicide trend of the lenders was clear.

You have to keep these things in context. There is no similarity between then and now.

Interesting time though...and still.
Indeed the times are interesting. Question about rents. Is there some site updated where I can exactly what something is renting for today and in the past month or two not what it rented for a year ago? Realtor.com shows me asking rents but not actual rents agreed upon.
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 03:55 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,208,368 times
Reputation: 2661
GLVAR on SFRs and Condos...

http://www.lasvegasrealtor.com/stats/Statindex.htm
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 04:09 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 557,033 times
Reputation: 73
Quote:
Originally Posted by olecapt View Post
Dhanyavaadaalu
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 04:54 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,998,514 times
Reputation: 5057
What is the difference between the average and median prices on the rental chart? and what is an average rental in vegas?(3br 1200sf)
Reply With Quote Quick reply to this message
 
Old 04-25-2009, 06:22 PM
 
1,347 posts, read 2,448,818 times
Reputation: 498
Quote:
Originally Posted by olecapt View Post
You have to keep these things in context. There is no similarity between then and now.
Other than your prognostications?
Reply With Quote Quick reply to this message
 
Old 04-27-2009, 04:07 PM
 
375 posts, read 609,576 times
Reputation: 576
Default Las Vegas US #4 Dangerous City

Gee - This sure helps.
Las Vegas was rated the fourth most dangerous city in the U.S.
America's-Most-Dangerous-Cities: Personal Finance News from Yahoo! Finance

Wonder what Detroit, Memphis and Miami have is common with Las Vegas
Certainly not the weather.
Just looked up my old place. It went for 39% of the original purchase price. I've kept a data set from Realty-Trac from 2/15/07 to present and the NOD are as high as they've ever been with REO's similar.

When the selling price dips another 15% the investors will scoop them up to make a lot of them rentals according to my former neighbor - who has decided to walk.
I don't know whatever I could have been thinking when I bought here.
Reply With Quote Quick reply to this message
 
Old 04-28-2009, 12:36 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,208,368 times
Reputation: 2661
Quote:
Originally Posted by Coop01 View Post
Gee - This sure helps.
Las Vegas was rated the fourth most dangerous city in the U.S.
America's-Most-Dangerous-Cities: Personal Finance News from Yahoo! Finance

Wonder what Detroit, Memphis and Miami have is common with Las Vegas
Certainly not the weather.
Just looked up my old place. It went for 39% of the original purchase price. I've kept a data set from Realty-Trac from 2/15/07 to present and the NOD are as high as they've ever been with REO's similar.

When the selling price dips another 15% the investors will scoop them up to make a lot of them rentals according to my former neighbor - who has decided to walk.
I don't know whatever I could have been thinking when I bought here.
Read it again. It does not deal with cities. It deals with MSAs. MSAs are not cities.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas

All times are GMT -6. The time now is 12:28 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top