Robin Camacho
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Be Ready to Pounce When You Find the Right Home
ROBIN CAMACHO said: Hey, Clark. I guess you haven't been with us for long...welcome aboard! I'm not really much in to sp... [More]
Be Ready to Pounce When You Find the Right Home
Clark said: There is no doubt that Robby didn't have his ducks in a row, but the question is who is to blame? In... [More]
Be Ready to Pounce When You Find the Right Home
Roger said: In defense of Robin I would say that with all due respect, Robby didn't
have his ducks in a row. I ... [More]
Be Ready to Pounce When You Find the Right Home
Clark said: Why didn't you inform Robby that he needed the statement ahead of time? Isn't that your job? Also fo... [More]
Las Vegas House Prices Have Likely Hit Bottom
ROBIN CAMACHO said: Thanks for the comment, Steve. You are right about fuel costs--scary.
However, this factor has not d... [More]
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Posted At : January 29, 2008 5:08 PM | Posted By : Administrator
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Mix of good news and bad news for Las Vegas housing this month: Foreclosures and short sales are still rising. Prices slipped quite a bit in the past 30 days, and we are seeing more homes priced at 50% off of their previous sales price.
January home sales were again flat; keep in mind that this is at a time when sales should be taking a nosedive. Flat sales for November, December and January is a good sign for the Las Vegas housing market.
With pending sales rising, I still expect to see us reach a sales "bottom" early this year. It's hard to predict when prices will bottom out, but that will follow as inventory is absorbed.
You may have noticed the Top10 was looking a bit stale last week. My brilliant researcher just got back from vacation, and updated the site today. He's working on the 30 runners-up as well. All future island vacations for Ron are hereby suspended. Apparently updating this from Grand Cayman turned out to be more of a challenge than he expected. Or maybe it was the rum...
Check out the article on the best places to buy homes--Las Vegas is making a lot of these lists lately.
For those of you who were looking forward to Part II of Gui's story, we are getting close. I got a call that the house he wanted fell out of escrow yesterday. Gui understood that he needed to jump on it quickly this time and we're waiting for a response from the bank on his previous offer.
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