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Largest Number of Properties up for Foreclose In Las Vegas
The decline in the housing market continues as Las Vegas held its largest foreclosure sale ever.
Quote:
The largest single home foreclosure auction in Las Vegas history took place on Sunday. Prospective buyers across the valley got a chance to cast their bids for nearly 100 homes and condominiums.
Analysts say declining home sales have ripened the real estate market for buyers. Real estate buyer Bill Guerra called the auction a buyer's bargain market.
"There seemed like some deals, which is good for our market. We need to see the bidding go high so our market doesn't stay soft like it is," said Guerra.
Here is a link to the entire article:
http://www.lasvegasnow.com/Global/story.asp?S=6883830&nav=menu102_2
This article also provides a link to an online viewing of the houses which were up for sale.
Mike
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