Still climbing, but not quite as fast
Hearing Wall Street housing analysts and California university researchers, homeowners should sell their homes now and buy them back in six months to a year at a 30 percent discount.
Rumblings of tumbling real estate prices in California have many experts predicting that Las Vegas will incur some of the brunt.
Possibly, but don’t expect the tide to turn quickly in Southern Nevada, said Larry Murphy, president of Las Vegas-based housing research firm SalesTraq.
The 40 percent and 50 percent Las Vegas appreciation rates that led the nation for much of 2004 were a “once-in-a-lifetime thing,” Murphy said. Coming back with a 19.2 percent overall gain in 2005 is not a bad follow-up act.(Continue)
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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