The foreclosure market in Las Vegas has slowed down allowing buying to come off the fences and pickup inventory at 50% of what it was 5 years ago. Homes that sold in 2006 for $680k you can now purchase at $250k on 1/3 acre lots.
There is a lot of research out there that another wave of foreclosures is coming not ARMs resetting but owners who cannot justify paying a mortgage on a $900k property while their neighbor who just moved in is paying for the same property $400k. It dosent make sense.
The question is "What would Trump do?"
Showing posts with label reo home sales. Show all posts
Showing posts with label reo home sales. Show all posts
Sunday, January 25, 2009
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