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Want to Fix Nevada’s Housing Market? Invest in Short Sales.
Las Vegas, Nevada - The Myers Team, Nevada Short Sale Experts with Century 21 MoneyWorld compare the collapse of the Nevada housing market to the Stock market crash of 1929.
Nevadans shouldn’t look to the media for encouragement. Each day, newspapers report “doom and gloom” stories regarding Nevada real estate. (Las Vegas Review Journal - Business Section, January 21, 2011, “Home prices may fall further.”) The question which every Nevada resident wants to know is; “When will this end” and “How can we fix Nevada’s economy?” The answer is simple. We need to bring investors back to Las Vegas.
Many real estate investors have given up on Nevada, and can you blame them? Our Nevada housing market has crashed, and investors have lost a ton of money, however, sometimes the best way to find answers for today’s problems is to look to the past for solutions. After the stock market crashed in 1929, many investors lost their fortunes. Some even took their own lives; however, on October 31, 1929, two days after the Black Tuesday market crash, an investor named John D. Rockefeller bought millions of shares of stock. Other men, with names like Andrew Carnegie, J. Paul Getty and J.P Morgan also bought significant amounts of stock after the crash. While average Americans were running to their bank to withdraw their savings, and cursing the New York Stock Exchange, some of America’s brightest minds seized the moment and made an investment in America (making a fortune in the process.)
Were these American businessmen (who were already quite wealthy) taking advantage of a bad situation? Probably, however, it is hard to argue the fact that their investment into the post Black Tuesday stock market helped our nation’s economy in addition to making these men wealthier in the process. Isn’t investing in America how Capitalism is supposed to work? Buying low and selling high are how fortunes are made in America.
According to market experts, Las Vegas home prices have dropped as much as 70%. There has never been a better time to buy. Home prices may continue to fall, however, how much lower can they drop? Investing in Vegas is a long term investment. The days of “flipping”
According to Bill Myers, Nevada Short Sale Expert and Owner of The Myers Team with Century 21 MoneyWorld, “Investors should look into buying short sale homes and avoid bank owned properties; which have already been foreclosed upon.” Myers said, “When you buy a bank owned home, you are purchasing a home where a bank has tossed a family out onto the street. When you buy a short sale home, you are helping a family avoid foreclosure, save their credit, and move on with their lives.”
A recent report released by IMS Advanced Realty Data Services on January 10, 2011 named The Myers Team the #1 Short Sale Real Estate Team in Nevada. Number one status was determined by actual short sale listings closed in 2010.
For additional Nevada Short Sale Information, please visit http://www.nevadashortsaleinfo.com
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Bill and Francoise Myers, owners of The Myers Team with Century 21 have successfully sold more short sale listings than any Realtor or Broker in Nevada. They are nationally recognized as one of the most influential figures in real estate today.