Scoggins warns that Las Vegas real estate investors should expect a lower rate of appreciation (at least compared to the red-hot pace of the last two years). "But, this is not a collapse, it’s just Las Vegas growing pains. To those who bought homes at the tippy top of the market, I’m sorry. Those homes have dropped a little because they were overpriced. But, overall, prices are higher and higher year after year," Scoggins said.
Las Vegas is more likely to be destroyed by fire and brimstone than have a collapse of housing prices,” Scoggins concluded.
Monday, January 30, 2006
Bubblicious Quote of the Day
Don Foster Scoggins who works for Appraisers of Las Vegas .com had this to say about the Las Vegas Real Estate market in a company press release:
Posted by David at 6:30 PM