Robin Camacho's House Advantage

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Short Sales - It's The New Black
Dan said: My daughter and son-in-law just went thru a short sale they were trying to buy. The bank was NOT ver...   [More]

Has Las Vegas Real Estate Hit Bottom?
Judy Taylor said: Robin, and others, have pointed out how much like a Circus Midway the home market in Las Vegas has b...   [More]

Has Las Vegas Real Estate Hit Bottom?
Taryn Hazelwood said: My husband and I are moving from Gig Harbor and have made offers on 8 homes, only to find our offers...   [More]

Las Vegas Home Sales Skyrocketing (Again)
Judy Taylor said: Robin, you must be out there turning around the housing overstock here in town. The amount of homes ...   [More]

Wake Up, Roger, and Own Your Own Piece of Las Vegas
Judy Taylor said: What does "Active-Exclusive Rights" mean on the MLS? I just started seeing the term since ...   [More]

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A Runaway Train?

Posted At : March 17, 2008 5:09 PM | Posted By : Administrator
Related Categories: Current

Holy crap. I left town for 4 days, and apparently my assistant neglected to maintain the world in good working order while I was gone. While I was checking on an investment property on the Puget Sound and downing fresh oysters with my Bainbridge Island Winery Siegerrebe, the economy was teetering on edge.

The Las Vegas real estate recovery train has left the station, and the only thing I can see that could make it derail is a huge downturn in the nation's economy. While I'm hoping the Bear Stearns sale achieves the Fed's goal of containment, my thoughts are with my real estate investors this morning who were still holding Bear Stearns' stock.

I've got some client calls to make and homes to show. I'll get back to you, loyal readers, later today. In the meantime, let's hope this thing hasn't turned into a runaway train.

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