Foreclosures Are Good For Buyers
Reports show that the Las Vegas real estate market is flush with more than 20,000 homes and potential buyers that are waiting for prices to fall.
There are many home owners that have been unable to seller their homes. Instead of making a profit from their Las Vegas homes, they may end up walking away with nothing. According to Dennis Smith who is president of Home Builders Research, a company which tracks housing trends, there was anticipation for more foreclosures. Smith says, "That’s part of the cycle."
It means there will be more houses on the market in the resale segment. That means it’s a good time to buy a house."
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