At the end of the post, I’ll ask you for a favor – if you are a professional property manager. Please check it out.
My financial planner friend was talking about the difference between two Fortune 500 companies, both dealing with the tough economy.
“Company A (he mentioned the name, but I won’t) was in trouble when [...]
Posts tagged as:
Joshua Dorkin
Charles Feldman
Ted Karsch.
Las Vegas: Record Sales & Dwindling Supply – So Why Are Prices Still Falling?
by Richard Warren | September 14, 2009For months now I’ve been hearing about how brisk sales have been, especially in the REO, or foreclosure, market. Looking at the numbers you will see that the available supply has been steadily trending down and sales have been setting all-time records. A bank puts an REO on the market and within days there are multiple offers on the property. So why are prices still falling?
On The Street
One realtor that I know specializes in these REO properties. What he sees are a lot of cash buyers from other areas stepping in. That would seem to mean that investors are seeing the value while local buyers are still gun-shy. Are they missing a golden opportunity?