My New Blog

As you are aware by now the public's perception of the real estate market is that prices are falling and there is no sense of urgency on their part. Here in Southern Nevada and most especially in the Las Vegas area the market is already more active than most parts of the country due to the absolute bargains that are available. But, many of the areas are seeing the inventories go down as the bargains are being sold.

Two forces are at work,,,,,1) There are buyers who just need a home to live in (what a novel idea)

                                     2) There are investment groups with large bankrolls seeking to take advantage of this reduction in values and thereby set themselves up for huge profits in the not so distant future. One example that has come to my attention is that a group purchased Centex Homes ' standing inventory(all of it, recently)   

Just a thought!

Rich