The months and months of doom and gloom and Armageddon seem to have come to an end. Hallelujah!
The Bank owned homes are being gobbled up faster than new ones are coming up for sale. Hubble Smith in the RJ this morning, calls it a â€œfeeding frenzyâ€.
But itâ€™s the investors who are buying. Just as the investors drove the market up in 04 and 05, theyâ€™re driving it down again, and establishing a bottom. Realist sellers are making deals also on the better houses, even though theyâ€™re not in foreclosure, or desperate to sell. Great deals on Great houses. Who would have thought?
If youâ€™ve been waiting for the bottomâ€¦.. May it just passed us, or is only a month or 2 away. Give me a call or send me an email. Letâ€™s put YOUR plan together now.
HOUSING: â€œFeeding Frenzyâ€ in Las VegasÂ by Hubble Smith
Tags: uncle+jack, jack+levine, market+statistics, las+vegas+review+journal, hubble+smith