The Real Estate market in Las Vegas, Nevada has been taking a swing up which usually happens in Spring. Investors have been buying up foreclosed homes steady now for almost two months. The investors buy them at a good price, rent them out and sell them when the price is right. Sometimes I really believe that the Investors have a lot to do with bringing the market up or down (dah).
Sales will be steady in Las Vegas until late Summer and then towards Fall, take a swing down. I really believe that the fall of 2008 will be the best time to purchase a home, we plan on buying several.
Spring of 2009 will be when you will really start to see prices go up, and slowly swing up years after this. And hopefully before 2010, the market will be back in the Saddle again. Wow 2010, time really has been going by hasn't it.
Robert Swetz
