How could offers decline 100% in Vegas? This would mean no offers. Do you mean that active inventory is up 103%? Vegas is a hot, dusty pesthole. I can’t blame people for not wanting to buy and “live” there.
All I can say is that I’m CHEERING!!!! the fact that there are 1.5x the number of listings on auction.com as there were last year in the lovely state of NJ, and 2.5x the number of listings on Home(less)path(etic).com. I’m in NJ right now, actually, looking at a couple short sales and fork-losers today. Hopefully this will mean another rental in a month or two.
BTW – it’s not only in the “bad” areas any more. As to the people who took idiotic mortgages and are now having the chickens come home to roost, them’s the breaks. Glad that Gov. Krispie Kreme has vetoed any sort of extraordinary assistance for them.
