Keeping you informed about Las Vegas NV. Real Estate & Mortgage industry

According to CNN staff writer Les Christie article posted few days ago, Vegas home prices will be on the skid until 2032. According to the article...... "The bubble caused a lot of over-investment in these markets," said Celia Chen, a housing market analyst for Moody's Analytics.. "It's all collapsing because of the recession and over-valuation." So, bring on the contenders.  Chen estimates that Las Vegas home prices won't return to their pre-recession peak until after 2032; in Phoenix, the rebound will take until 2034; and Salinas, Calif., and Naples, Fla., won't come back until sometime around 2038." Read the full article....  I honestly do not see our future that dark..... deep gray, may be, but not totally black. We can see many savvy, cash buyers investors, coming to town from everywhere, not only from other U.S.A. states, but from other countries such Italy, England, Brazil (one of the highest growing economy right now) and Asian nations as well. They come attracted by the very high return of investment (cash flow) that our market offer right now and they do understand that Vegas is a fast moving town and will react strongly to the down of our Nation economy, (according to the latest from the Mc Carran) we already had (again), an increase in passanger in the past months. CNN NEWS latest article... Foreclosures at a record high in 2010, and more than 1 million people lost their homes.... SHOULD NOT SCARE YOU AND STOP YOU FROM BUYING! Now is the time, price are low and, even more important, interest rates are at the lowest!!!

Thank you for reading my blog and as a token of my appreciation to you for visiting my site, please click here for your FREE, NO OBBLIGATION, NOTHING TO BUY, chance to win $ 1,000.00 certificate! Do not forget to contact us, we will be there to answer all your questions and walk you thru, safe and sound, today’s difficult Real Estate market. I Hope this info is of help, if so, please FOLLOW US ON TWITTER  LINKEDIN and on FACEBOOK I don't have much experience with blogging, so please be kind and provide me with constructive criticism, where you can, to help me improve the form and content. DISCLAIMER: I am not a CPA or a lawyer, so make sure to consult your professional advisors.This and all articles in this blog are intended to provide general information only, this is not intended to be a tax or legal advice and you should always consult with your own accountant, attorney and trusted advisors to discuss your specific situation, goals, rights and options.