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Las Vegas Investor News (1/23/2012)
This report I believe is too global for local news but once the population starts to believe we are at the bottom, reality sets in. We have been past the bottom on low end homes for some time now.
These folks are not on the same page as me or Forbes. He states that 25% of the housing stock in the process of foreclosure which is not true. This would mean that 25% of the owners and investors I meet are foreclosing. I'm not sure where they are getting their data but I'm not convinced it's true. Less than 1 in 10 owners I meet are close to foreclosing.
Las Vegas ranks No. 8 among cities in the United States for international home buyers, Trulia.com reported. We are certainly witnessing a cascade of Canadians.
High Rise Condos....
This article leads me to believe we are starting to bottom out for this type of product. Inventory has decreased substantially. These products are not good income properties. These are strictly speculation that they will increase over time. I'm personally leery of speculation but if you are interested in speculating in condos, let us know.