It seems I touched a few nerves out there with my story of Katieand her search for a good deal in the Las Vegas real estate market.
I thought, given today's foreclosure numbers, that I might address a few of the many many responses I received to the blog.
To put it all in perspective, RealtyTrac today reported that Nevada continues to lead the nation with the highest state foreclosure rate. One in every 23 homes in Nevada is in some kind of mortgage trouble. That's six times the national average. I spoke to RealtyTrac's Rick Sharga this morning, and mentioned Katie's story. He wasn't at all surprised to hear of the feeding frenzy going on and said it was not just investors, but many first time home buyers as well.
Now I want to give a shout out to AE on the blog. Trust me, it's not the first time I've been called a "downer," and usually not so politely either, but you try reporting on the biggest crash in housing history, and see how you do. I'm guessing you haven't watched any of the stories I've done on all the investor opportunities today's market affords.