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Home » Real Estate Coaching & Market News

What Happens In Vegas…Didn’t Stay There!

Submitted by Tim Harris on March 18, 2009 – 2:20 pmNo Comment | Popularity: 1% [?]
Las Vegas Forclosures Spiking

Las Vegas Forclosures Spiking

Great information from the Las Vegas Sun.

In Vegas foreclosure sales outpace regular sales by a wide margin. For any of you wondering why we have been telling every agent (EVERY AGENT) to learn how to become a Short Sale Specialist and a REO Listing Agent….well, here is why.

Remember, its not too late for you to become a REO Listing Agent. Across the country banks are looking for agents to list their REOs. Watch this FREE Video now to learn exactly how to become a REO Listing Agent…and grab your FREE Agent REO Secrets Book while you are there.

When Nevadans started to realize they were at the epicenter of a full-blown foreclosure crisis in 2007, riding a rising wave of loan defaults that eventually turned into auctions and bank repossessions, they didn’t really understand what was in store for the real estate market. In the valley today, foreclosure sales largely outpace regular sales, and they drive the median price of single-family homes down considerably — by roughly $25,000 in February.

Click to enlarge photo

Popularity: 1% [?]

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