Friday, March 21, 2014

WHERE ARE THE FIRST TIME HOME BUYERS?

The trend is your friend...for years I followed this when trading stocks and following the stock market and was somewhat successful on a small scale. That being said, I was asking myself what are the trends in real estate in Las Vegas?  As of today, March 21, 2014 we do not see the cash  investors in the market as we did last year. Real estate in Las Vegas was up a whopping 32% last year and everyone I talk to seems to have a wait and see attitude about buying homes, hoping the prices will go down.

Home flippers are controlling the market and the public is not so eager to get sucked into their claws anymore... Nothing has been appraising, and we are seeing multiple addendums to lower the price,
that's why I say now is the time for buyers to take advantage of this market and make lower offers and don't be afraid to walk away from deals if it does'nt suite them. I predict a lot of flippers are going to be hurt and unless they are really savy, are going to get burned.

First time home buyers have almost evaporated....why would this be I wonder....Last year you had the Obama care worries for employers fearing that would take a bigger bite out of their businesses and this year it seems the possible war scenerio with Russia may have the home buyers holding on to their money a little more tightly then usual. Regardless, the market goes on!

NOW IS THE TIME FOR FIRST HOME BUYERS - TAKE ADVANTAGE OF THIS MARKET!

Are you moving to Las Vegas, or already living here? 1st time home buyers call Steve Harless - 702-217-1680 Croteau Real Estate Services - Ill take good care of you and help you find your 1st home without any stress or drama.

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