Las Vegas Real Estate Update-Mortgage Crisis-Loan Fraud PT.3
April 28, 2009
The conclusion of a 3 part series. Opportunities. Las Vegas Real Estate Experts Kendall Trotter and Steve Hawks discuss the adverse effects of cash back loan fraud transactions have had on the local economy and housing market. Solutions for fraud victims and upside down homeowners. Discussion on what lies ahead for Las Vegas home values.
Duration : 0:7:46
Tags: estate, for, foreclosures, fraud, homes, las, loan, mortgage, real, sale, sales, Short, vegas
April 28th, 2009 at 6:06 pm
Thanks for your …
Thanks for your comment kiryla. In no way did we say that we are at the bottom of the market. (Our crystal ball was out of order that day)We simply stated that we are starting to see some prices equivilent of 2002and 2003. However, when invstors start coming back to the market, it is a positive sign. Our real estate values are still considerably more affordable than many other urban areas of our size, and our population is still growing. (more positive signs).
April 28th, 2009 at 6:06 pm
I wonder why they …
I wonder why they are so confident that prices have hit the bottom already and will be up “just like that” soon? I think prices will continue to fall for another 2-3 years. And as they say, never try to catch a falling knife, or you’ll cut yourself.