Feb 11
23
I wouldn’t be much of a Realtor if I didn’t know that yesterday, the Case-Shiller Index showed declining house prices in most U.S. cities. While Professor Case is still an optimist, Mr. Shiller thinks we might be in for an additional drop of 15-25%. This level of pessimism is actually good: when even experts panic about price drops, it is normally a signal that the worst is over. Locally, Vegas home prices are at a 20 year low.
So if you didn’t see last week’s Getting REAL, here it is. We talked about buying bank owned properties (a sort of video version of The Truth About REO) and “flipping” homes. This week we’ll be talking about the issues involved in buying short sales. Enjoy!
