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Las Vegas Investment Group

24 Years Experience First-Time Homebuyers, Move-Up Buyers, Investors

By DAVID COOPER 1.888.616.6226 | Landlord in Las Vegas, NV

Giant Drop in Foreclosure Starts. Why Banks Are NOT Dumping Shadow Inventory

This is the lowest level of foreclosure starts since 2005.  The process has already been slowed since banks have figured out that there is more profit in holding inventory off the market then actually putting it out for sale.  Keep in mind that very little of this is helping your average American homeowner.  Even here in California, I get e-mails from couples being out-bid on properties by all cash investors courtesy of the low rate easy money environment.  I’m also noticing the level of credit card offers I’ve been receiving over the last year is nearly on par to what it was in 2005 and 2006.  Money (debt) is cheap if you can get your hands on it but the problem is you are competing against billions of dollars of hot money flowing out of Wall Street and foreign hands into targeted markets.  With such little inventory, this external pressure has turned the market into a feeding frenzy. READ MORE  http://tinyurl.com/ayk9elg

   

 ...NOW is the time to consider buying

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35 Years Experience

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DAVID COOPER 702.499.7037


 

 
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