Waiting For Foreclosure Prices

October 10, 2006 Posted In Homes Update Market Conditions

Las Vegas home valuations are stagnating. Some real estate developers are even saying that the valuations are dipping. According to reports some home owners paid the barest down payments and now owe more than the home is worth.

With the market slipping into a buyer’s market, Las Vegas consumers are watching from the sidelines, waiting for prices to drop and hoping to slip in and score a new Vegas home at a foreclosure price.