Hottest Markets Showing Signs of Fatigue
This article provides a good synopsis of what is happeming to real estate in some of the hottest areas of the country.
Snip...
"Some of the conditions noted by Galbraith are cropping up in today's real estate market.
In one key speculative casino, Las Vegas, MLS listings which were 14,380 in April, and 17,005 in late May, hit 18,124 in early July. Price reductions have been running about 5% per week in that market, and that's right at a time when a surge of new and very expensive high rise units is coming on stream."
Continue...
Snip...
"Some of the conditions noted by Galbraith are cropping up in today's real estate market.
In one key speculative casino, Las Vegas, MLS listings which were 14,380 in April, and 17,005 in late May, hit 18,124 in early July. Price reductions have been running about 5% per week in that market, and that's right at a time when a surge of new and very expensive high rise units is coming on stream."
Continue...
posted by Little_Silvered at 1:36 PM
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