Alert: Vegas real estate goes down

Stumping local experts, Las Vegas region home sales fell sharply in October as the weak economy, job security concerns and the hangover from the homebuyer tax credit took their toll.

A total of 3,961 new and resale houses and condos sold in the Las Vegas metro area in October, down 7.4% from September and down 21.8% from a year earlier.

“Vegas real estate can’t keep going down”, said one local real estate expert, “I’ve never heard of such a thing as a decline in real estate values. This isn’t hapening, this isn’t real, this is a dream.”

2 thoughts on “Alert: Vegas real estate goes down

  1. Funny quote. It looks like that real estate “professional” needs a bit of a REALity check or he will cease to be receiving checks from his chosen profession.

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