or not find this astounding..., for two reasons...
-------
First, it looks like, as "all cash investors" stopped buying in AZ, they flooded into Lost Vegas
Second, Nev just adopted a new "foreclosure reduction" law.
So...
as buyers flood in, Nev shuts "the gated community".
Question:
Where will the all cash investor go next?
=======---------
The median sales price in Las Vegas remained at $115,000 for the third consecutive month in a row.
The number of November home sales with transaction prices in the below $100,000-range
grew 32.8% from last year, representing 41.6% of all deals for the month.
Meanwhile, the number of sales below $200,000 rose 16.5% year-over-year.
Higher-end sales declined, with transactions in the above $200,000-threshold declining 8.8% from a year ago.
Las Vegas home sales rise
as demand for homes priced under $200,000 grows
http://www.housingwire.com/2011/12/30/las-vegas-home-sales-rise-as-demand-for-homes-priced-under-200000-grows
=======
No comments:
Post a Comment