September 15, 2008

Wow, what a day to start my real estate blog.  Lehmann Brothers implodes with no bail out offered and Merrill Lynch is bought by Bank of America.  AIG is wobbling like a skyscaper in a hurricane, no pun intended Ike, and WAMU appears the next S&L thrift to falter.  The Dow is down 490 points.  It kind of makes you want to go back to bed and pull the covers over your head.  I had started to feel better about the bottom of the real estate market being in sight, but today gives me pause.  I had been thinking over the weekend about what I would say today about buying or selling real estate here in Las Vegas, but right this minute I am not sure I would buy a home myself after listening to the evening news.  We will probably see more of the same tomorrow and I would like to gather my thoughts, check the MLS in the morning and see what the news channels have to say before I tell you about the available opportunities here in the great city of Las Vegas, Nevada.  Until then....Vicki

 P.S. One thing I know for sure "don't go out and sign a contract on any condo-hotel units".  This won't be a good investment anytime soon.