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Old 02-05-2008, 08:26 PM
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Default Vegas Housing Market

Evidentially, its a buyers market for you guys right now...

Foreclosures: Worst hit zip codes - Feb. 5, 2008
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Old 02-05-2008, 09:13 PM
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Interesting. Part of the problem here in Vegas is that a couple of years ago we had this big investor boom, with investors buying up a ton of properties and now they can't flip them.

Thankfully we won't have a problem with foreclosure, but I'm surprised to see so many in our old area. We are lowering the asking price on our old home to $299,000, down from $320K. Hopefully with interest rates dropping there will be some renewed interest from people looking.
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