Prices are dropping
You might have heard about some figures released earlier this week: February saw an 8.2% drop in sales prices with a 2.9% rise in sales.
Even so, many people still refuse to believe the market value of their home has dropped, and if they want to sell it they will have to take less money. The banks have gotten this message: most of them have dropped their prices, and that is part of why bank-owned property is moving fast in Las Vegas.
Oh! And here’s a little follow-up on bogus foreclosure “rescue” schemes: the Feds have indicted 20 people who defrauded over 100 people out of their homes in California.