Comments on: The Las Vegas Real Estate Market: Has it “Over-corrected”? http://www.senasellsvegas.com/blog/2009/01/29/the-las-vegas-real-estate-market-has-it-%e2%80%9cover-corrected%e2%80%9d/ Las Vegas, North Las Vegas, Henderson and Boulder City Real Estate News Mon, 08 Mar 2010 21:22:49 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Michael Mceleney http://www.senasellsvegas.com/blog/2009/01/29/the-las-vegas-real-estate-market-has-it-%e2%80%9cover-corrected%e2%80%9d/comment-page-1/#comment-2721 Michael Mceleney Fri, 16 Oct 2009 06:34:57 +0000 http://www.senasellsvegas.com/blog/?p=255#comment-2721 Of course prices will go up again! With millions of foreclosed homes yet to be listed, and millions of jobs yet to be lost, this is a great time for uniformed spectaculars to take that 15 to 20 percent additional loss that every non-realtor housing expert is predicting. Do these freaking people even know how to read? Put your hope in one hand and your spit in another -guess which hand fills up faster. Of course prices will go up again! With millions of foreclosed homes yet to be listed, and millions of jobs yet to be lost, this is a great time for uniformed spectaculars to take that 15 to 20 percent additional loss that every non-realtor housing expert is predicting. Do these freaking people even know how to read? Put your hope in one hand and your spit in another -guess which hand fills up faster.

]]> By: Richard Stabile Bergen County Real Estate http://www.senasellsvegas.com/blog/2009/01/29/the-las-vegas-real-estate-market-has-it-%e2%80%9cover-corrected%e2%80%9d/comment-page-1/#comment-1148 Richard Stabile Bergen County Real Estate Sun, 15 Feb 2009 02:13:59 +0000 http://www.senasellsvegas.com/blog/?p=255#comment-1148 It seems to me that home sales are picking up in the areas that have declined the most. Also the areas that most of the sales are conforming loans are doing better. Jumbo loans are still a bit tough and are priced at a much higher spread than historical standards. Securitizing is what is lacking and the government is trying to get that started again. If the mortgage money keeps coming in by the fed, than we should see the market try to get all the home price ranges into gear. It seems to me that home sales are picking up in the areas that have declined the most. Also the areas that most of the sales are conforming loans are doing better. Jumbo loans are still a bit tough and are priced at a much higher spread than historical standards. Securitizing is what is lacking and the government is trying to get that started again.

If the mortgage money keeps coming in by the fed, than we should see the market try to get all the home price ranges into gear.

]]> By: Paul R. http://www.senasellsvegas.com/blog/2009/01/29/the-las-vegas-real-estate-market-has-it-%e2%80%9cover-corrected%e2%80%9d/comment-page-1/#comment-1132 Paul R. Wed, 11 Feb 2009 20:15:19 +0000 http://www.senasellsvegas.com/blog/?p=255#comment-1132 Perhaps that is true in a national sense, but Vegas is moving homes. If they throw them all on the market that, will crash the market they have been essentially adding them at the same rate as we're selling. I don't see them dumping properties at this point. Thanks for the response to this article. Perhaps that is true in a national sense, but Vegas is moving homes. If they throw them all on the market that, will crash the market they have been essentially adding them at the same rate as we’re selling. I don’t see them dumping properties at this point.

Thanks for the response to this article.

]]> By: Phoenix Arizona Foreclosures Guy http://www.senasellsvegas.com/blog/2009/01/29/the-las-vegas-real-estate-market-has-it-%e2%80%9cover-corrected%e2%80%9d/comment-page-1/#comment-1131 Phoenix Arizona Foreclosures Guy Wed, 11 Feb 2009 18:24:13 +0000 http://www.senasellsvegas.com/blog/?p=255#comment-1131 I think things in the foreclosure market are still going to get much worse. Banks have been holding off throwing their foreclosed properties onto the market due to political pressure, but my guess is they're going to start unloading masses more of them within the next few months. I think things in the foreclosure market are still going to get much worse. Banks have been holding off throwing their foreclosed properties onto the market due to political pressure, but my guess is they’re going to start unloading masses more of them within the next few months.

]]> By: Alan http://www.senasellsvegas.com/blog/2009/01/29/the-las-vegas-real-estate-market-has-it-%e2%80%9cover-corrected%e2%80%9d/comment-page-1/#comment-1129 Alan Wed, 11 Feb 2009 06:16:37 +0000 http://www.senasellsvegas.com/blog/?p=255#comment-1129 Interesting article, the 3qtr National City study Home Values in America indicates Las Vegas is 18% undervalued. The High-rise market is still declining due to late foreclosures and saturation. Low ball short sales are continuing to drive down prices to the $250 sqft range. Interesting article, the 3qtr National City study Home Values in America indicates Las Vegas is 18% undervalued. The High-rise market is still declining due to late foreclosures and saturation. Low ball short sales are continuing to drive down prices to the $250 sqft range.

]]> By: Jayson http://www.senasellsvegas.com/blog/2009/01/29/the-las-vegas-real-estate-market-has-it-%e2%80%9cover-corrected%e2%80%9d/comment-page-1/#comment-1117 Jayson Mon, 09 Feb 2009 23:00:21 +0000 http://www.senasellsvegas.com/blog/?p=255#comment-1117 Great article Paul; the question posed is a good question that I hadn't thought about. I'd imagine the only way to see if homes are undervalued is to check out the affordability ratio - do you know what it is in LV? During the beginning of the boom, I remember investors saying that Arizona was so attractive because the homes were more affordable than the rest of the nation...I'd guess that this theory would hold up across the nation. Great article Paul; the question posed is a good question that I hadn’t thought about. I’d imagine the only way to see if homes are undervalued is to check out the affordability ratio – do you know what it is in LV? During the beginning of the boom, I remember investors saying that Arizona was so attractive because the homes were more affordable than the rest of the nation…I’d guess that this theory would hold up across the nation.

]]> By: Mark Madsen http://www.senasellsvegas.com/blog/2009/01/29/the-las-vegas-real-estate-market-has-it-%e2%80%9cover-corrected%e2%80%9d/comment-page-1/#comment-1091 Mark Madsen Thu, 29 Jan 2009 19:55:20 +0000 http://www.senasellsvegas.com/blog/?p=255#comment-1091 Excellent article, Paul. I've heard of first time home buyers getting deals in the $45 sq ft range, which sounds crazy to me. Even though most of these lower priced homes may need a little rehab work, I'm not sure how much lower people need to see prices before they make a move. Excellent article, Paul. I’ve heard of first time home buyers getting deals in the $45 sq ft range, which sounds crazy to me. Even though most of these lower priced homes may need a little rehab work, I’m not sure how much lower people need to see prices before they make a move.

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