According to an article published in yesterday's Las Vegas Review Journal, real estate prices in the Las Vegas Valley are now at 2001 levels. That's the good news AND the bad news in one sentence depending on how you look at it.
But wait: there's even MORE good news and bad news in the same sentence because the Review Journal today just published another article saying it's possible the median value of homes in Las Vegas could now drop to $100,000.
I guess it would depend on whether you were a buyer or a seller to determine if this is good news or bad. You don't need a Crystal Ball to know we're in a very challenging economy and real estate market.
Is this the bottom? Who knows? ... but can you sit there complaining and hoping your life will change for the better? I don't think so. The truth of the matter is not everyone is struggling. You can either find out what they're doing, or continue to wait for good news in print.
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