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The Real Estate Agent that told you the market hit bottom is "FIRED"

By
Industry Observer

Las Vegas Nevada by Robert Swetz

 Las Vegas Nevada by Robert Swetz 

 

 There are many Agents & Brokers that keep taking about the Real Estate Market hitting bottom. Where are they getting there information, from the the Television (IDIOT BOX)? News Media, News Papers, Internet?

 The Real Estate Market may have hit bottom in (Some) Cities & Towns across the Country ... "But NOT ALL"

 Agents & Brokers that keep talking to clients and or people in the industry about the RE Market hitting bottom need to be very careful because they may be just putting their foot in their mouth. False information to past & future clients could also cause loss of leads and or discouraged home buyers, which in turn may create less business for you ...

 And as for the United States Economy coming back ... well ... it's going to be some time!

 There are some links below I pulling from the Internet if your interested in reading some different info on the RE Market and please don't believe everything you read ...

 The RE Market in Las Vegas Nevada will once again be swinging down in Fall of 2012 so with this said "Has Las Vegas Nevada hit the bottom"?

 

 My answer to that question would be ... NO


  1. Comments on: Will Mortgage Rates Drop Lower? - RealEstate.com

     
    www.realestate.com/advice/will-mortgage-rates-drop-lower
     
    Tim Houghten
    Mar 14, 2012 – ... the first quarter of 2013 and the beginning of 2015, as echoed by President of ... Unfortunately for those who wait, even if mortgage rates dogo down or stay ... with a spike in the housing market is likely to see lenders increase fees. ... So for homebuyers who are still sitting on the fence, waiting any longer ...
  2. Housing Prices Expected to Rebound in 2013 – 2014 - munKNEE.com

     
    www.munknee.com/.../housing-prices-expected-to-rebound-in-2013-...
    Jun 2, 2012 – The Housing Market Index (HMI), published by Wells Fargo, is an index of ... level shown is still much below the average throughout those years. ... first – in 2005-2006 – indicating demand was going down for new houses and ...
  3. Preventing another housing bubble must be Bank of England's ...

     
    www.guardian.co.uk › Business › Economics
    Apr 8, 2012 – Easter is traditionally when the housing market comes out of hibernation... this year, and some analysts think there may not be one in 2013 either. ... that property is still expensive and lenders are still hunkered down means .... with newhousing, but with limited finance and lending that isn't going to happen.
  4. Peter Schiff: Market-Crushing Treasury Collapse To Hit Around 2013 ...

     
    www.forbes.com/.../peter-schiff-market-crushing-treasury-collapse-to...
        Mar 27, 2012 – Bringing You The Bull And Bear Case From The Markets Desk ... borrow abroad, but we are never going to be able to pay them back,” says Schiff. ... decline in equity and real estate prices, Schiff still believes they're in trouble. ... through to the broader real estate market and thus bring down the economy, ...
  5. February buying advice: Should you wait to buy a ... - MSN Real Estate

     
    realestate.msn.com/article.aspx?cp-documentid=27506366
    the real estate market is going to go lower...period , 2013 to 2015 might be a bottom... The housing market is still over priced, and still needs to come down.
  6. House Keys: Buying, selling, insuring your property in South Florida ...

     
    weblogs.sun-sentinel.com/.../realestate/.../south_florida_home_values...
    Home prices in Broward County will continue falling through much of 2013... “We're stillthree to five years away from 'normal' housing market conditions.” ..... want to commit until I know for sure that housing prices won't keep going down.
  7. Seattle Bubble • Poll: Agree or disagree: 2013 will be a better time to ...

     
    seattlebubble.com/.../poll-agree-or-disagree-2013-will-be-a-better-ti...
    Feb 19, 2012 – Over seas the mortgages in default are still on the books as collectible.... Cramming down sovereign debt in Greece does nothing for the people .... I'm alsogoing to throw the commercial Real Estate market under the bus.
  8. 2012-2013 Housing Market Forecast

     
    www.investmentu.com/research/housing-market-forecast.html
    Most investors still shudder at the thought of investing in real estate again, ... But either way, they knew they were going to make a buck off of the deal. ... Now several yearsdown the road, the housing market still can't seem to find its footing.
  9. Home price bottom expected in 2013 - Lansner on Real Estate : The ...

     
    lansner.ocregister.com/2011/06/21/home-price...in-2013/114319/
    Jun 21, 2011 – SAN ANTONIO –The housing market is going to take a long time to recover, and ... apartment vacancies are going down and rents are expected to rise between ... That means there are still 75% that are gainfully employed.
  10. Singapore property market outlook for 2012 and 2013 | Property ...

     
    sg.news.yahoo.com/.../singapore-property-market-outlook-... - Singapore
        Mar 6, 2012 – So when rental rates indeed go down and interest rates go up, ... Many people, especially the middle-class Singaporeans are still happily buying properties. ...you understand the real estate market and make better decisions.


Posted by

Robert "Vegas Bob" Swetz  

Direct: 408 410 4171

"Have a Wonderful Day"

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Comments(10)

Robert Vegas Bob Swetz
Las Vegas, NV

"FIRED" ... ;o(


Jul 22, 2012 10:30 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Vegas Bob,

Our country still is on a roller coaster ride as not all parts of the country are reviving as quickly as others. Good articles to read and we all have to keep in mind all real estate is local and can change at a moment's notice:).

Jul 22, 2012 10:59 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

VB, since real estate is local, I know some areas, such as ours, are recovering, and supposedly hit the bottom last year.....

Jul 22, 2012 11:25 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Dorie ... Some great words of advice and you are so very "Right"

And Kristin ... This is great news and around Minnesota the market is swinging back also but as for our "Economy" ... (NO)!

VB ;o)

Jul 23, 2012 12:35 AM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Vegas Bob, when Spencer Rascoff states that the market is at the bottom then it must be so.  Zillow announced last week that this has happened.  How can we possibly fire the Boss?

Jul 23, 2012 01:32 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Well Kevin ... It's funny you should ask! The Boss ... which one? There are so many of them. The market in Las Vegas will once again go down in values and sale prices, does this mean that the bottom is now for Las Vegas Nevada ...

NO

VB ;o)

Jul 23, 2012 02:19 AM
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Market is picking up here... Think positive...  No doom and gloom...  Thanks for sharing the ariel view of V...

Jul 23, 2012 04:40 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Diane ... And homes have been selling all year long in Las Vegas, it's hearing the BUZZ word over and over about the market at the bottom now in Las Vegas for the last 3 years ...

It's like a broken record ... no one really knows!

VB ;o)

Jul 23, 2012 03:02 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

There are pockets of real estate doing very well in some areas, not so well in others.  As far st the so called 'bottom', we won't know until we're well past it and the facts come in.

Jul 24, 2012 09:41 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Gabe ... Very good answer and so very right!

VB ;o)

Jul 25, 2012 01:20 AM