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As many of you may know, the real estate recovery is in full effect.
Just from 2012–2013…
- National real estate prices increased 10%
- Listed inventory is down 22.5%
- New construction is up 27%
When statistics like this come out, many people begin to come off of the sidelines to “try their hand” in speculative markets.
If you didn’t know, the Las Vegas housing market has posted more than a 30% increase in median home values in 2013 alone.
When my clients find this out, I usually receive a series of emails asking me why I don’t buy properties in these types of markets due to the perceived potential for appreciation.
Here is why the Las Vegas housing market is unpredictable at best:
- 57% of all homeowners are STILL under water
- 25% of all homeowners are utilizing loan modifications to prolong foreclosure
- 12% of all houses are in default or foreclosure
Why does this scare me as an investor?
- The number of underwater homes is the leading indicator for foreclosures
- Because of all the uneducated money flooding into and out of the Las Vegas’s real estate market, you can never get an accurate idea of when the market is at the top or the bottom
- Because I cannot predict or control the the Las Vegas housing market, I just avoid the headaches of this volatile area.
Reasons I stay away from unpredictable investments:
- Volatility is the enemy of financial freedom
- Reliability allows you to plan for the future
- There is no reason to speculate when there are several markets that do not have these negative economic indicators!
Sometimes it’s hard to weed through the media hype in order to find quality reliable real estate date. Use a team you can trust.
Click here to find out how you can build true financial freedom through dependable markets with proven track records of non-volatility and leave the uneducated money in the dust.