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Old 03-02-2009, 06:13 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,653,235 times
Reputation: 3587

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The days of wildly appreciating home values is probably over. They will go up roughly in line with wages and salaries.
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Old 03-02-2009, 10:17 PM
 
391 posts, read 1,710,175 times
Reputation: 143
Quote:
Originally Posted by KevK View Post
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.
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Old 03-03-2009, 03:36 PM
 
12 posts, read 21,122 times
Reputation: 21
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
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Old 03-17-2009, 11:43 AM
 
Location: New York, NY
307 posts, read 925,793 times
Reputation: 81
Default Analyst predicts late 2011 for Las Vegas real estate to begin full recovery.

2 more years to wait, interesting article.

ReviewJournal.com - Business - Analyst predicts late 2011 for Las Vegas real estate to begin full recovery
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Old 03-17-2009, 11:53 AM
 
Location: Las Vegas
84 posts, read 152,412 times
Reputation: 41
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.
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Old 03-17-2009, 11:56 AM
 
Location: Las Vegas
3,728 posts, read 9,439,412 times
Reputation: 1322
Quote:
Originally Posted by lasto View Post
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.

//www.city-data.com/forum/las-v...ry-2011-a.html
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Old 03-17-2009, 12:33 PM
 
815 posts, read 2,044,399 times
Reputation: 540
Economics is not an exact science. If you laid all of the economists end-to-end, they still won't reach a conclusion.
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Old 03-17-2009, 03:30 PM
 
1,408 posts, read 3,303,486 times
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According to the Bernake interview Sunday, he is hoping and expecting to see improvement in the latter part of this year.
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Old 03-17-2009, 03:51 PM
 
844 posts, read 2,092,114 times
Reputation: 488
Quote:
Originally Posted by jjameson922 View Post
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...
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Old 03-17-2009, 03:52 PM
 
815 posts, read 2,044,399 times
Reputation: 540
he is hoping and expecting to see improvement in the latter part of this year....

a better helicopter?
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