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Sales Up, Prices Down
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Friday, Aug. 8, 2008 | 8:30 p.m.
Home sales reach their highest point in years, but there's still no end in sight to the downturn of the local real estate market. In Business talks with former Greater Las Vegas Association of Realtors President Linda Rheinberger.
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You should probably cover more of what created the artificially high prices to begin with then interviewing somebody with no clue.
Renting your home out and coming out of pocket $500+ plus a month because it's not worth what you owe on it as suggested in the video is stupid to say the least.
And the rental market... quickly coming down as the wannabe investors that are buying up the foreclosures to put them back up for rent are now realizing that their "great deals" are not that great as prices continue to decline.
Expect at least another 10% in declines for 2009.