Las Vegas Numbers From The Field: Contradict Broad Media Data.
I have been wondering why there are such negative media reports on cities like Las Vegas, where we have seen increasing competition for the good bank-owned properties as of late. This would indicate that positive numbers would emerge, but the media seems to contradict it. Since I trust my people in the field a whole [...]
Whatever Happened to “Buy Low, Sell High?”
I was leafing through a financial magazine recently, when I caught an article about real estate.
The article was about US real estate investors needing to look to buy real estate in other countries at this time.
The reason they gave? Real estate in the US is very low now and possibly might go down more or [...]
Phoenix leads The Way Down
According to the New York Times (article by DAVID STREITFELD and JACK HEALY from 4/28/2009) Phoenix is the leader in housing price reduction since the peak.
Needless to say these are not bad news for real estate buyers. The article mentions how the low price levels are starting to reduce inventories.
As investors we hope for more [...]
