Back in Sacramento again with a couple things to add here from Saturday's conference wrapup in Dallas.
One, a humorous (I think) quote from a Las Vegas real estate agent during a session on the second-home market.
In an aside on Sin City's battered, overbuilt and price-plunging real estate market, Jim Dague, broker owner of Century 21 Advantage Gold, said, "You know those homeless people on the corners with signs? We got guys in Vegas with signs saying, 'Will you take over my payments.'"
Dague also happened to mention that Las Vegas home sales last month were the highest in 20 months. On the ride to the airport a spokeswoman for Assist-2-Sell in San Diego said March sales there were the highest in a couple of years. In Sacramento, the big buzz is that April sales were the highest since August 2005, when the boom was at the mountaintop.
In all these cities it's a function of people buying bank-owned homes. What it means is subject to a lot of interpretation. But people inside the business are clearly taking it as a good thing.
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