Malik W. Ahmad

Stability in Nevada Home Prices?


There are indications that Nevada home prices are being stabilized due to various measures. I am really sure about these indicators and there are some false indicators engineered by banks and real estate companies to hide the real numbers of foreclosed homes. Bank of America, for instance, had up to the last information, 25,000 homes in its inventory and is thinking of releasing only 500 home every months. That means that have significant inventory and also building more inventory due to increase in foreclosed homes. This is only bank of America, as there are innumerable other banks (at least 100 or so) in Nevada who are sitting on this undisclosed inventory. Now, let us read this article from Review Journal and make our own individual assessment.

http://www.lvrj.com/business/new-home-sales-drop-but-numbers-starting-to-stabilize-89286507.html

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