Buying into Fear, Mesquite Nevada Real Estate
Saturday, December 15th, 2007Has the time arrived to start shopping for real estate bargains?
Inventories are high and there are plenty of good properties to choose from. Prices have been coming down. There are some extremely motivated sellers! As well as short sale properties and bank owned foreclosures. Interest rates are very consumer friendly, as long as you qualify….
The level of fear in the market is relatively high. People are concerned at an individual level about real estate values and the stagnant market. With questions like:
How far will the market prices fall ?
At what price will it start moving again?
How long will it stay down?
How fast might it come back?
Certainly a strong case can be made for the future of Mesquite over the longer term. Eight thousand baby boomers are retiring each day over the next twenty years.
Mesquite is in the right place at the right time with the right amenities and services. Based on future demographic population shift predictions many markets will turn around slowly, Mesquite could turn quickly with an up tick in demand. It is not a matter of if, but when, this market will turn around. Some neighborhoods will be more competitive than others, but all will benefit in time.
Chris W. Miller
ERA Brokers Consolidated
Mesquite NV 89027
702- 346-7200
435-862-5951