plummeted 24.5 percent in the third quarter of 2009. That’s the steepest decline of any state and more than 6 times the national average. Nevadans are losing their homes to foreclosure at a rate that is four times the national average.”

Well, they can keep calling it a bad market if they want, but while they’re focusing on these ‘signs’ – they should be careful not to get run over by the people rushing to take advantage of this ‘bad’ Nevada market.  No, they don’t know anything more then you, they just recognize the ‘signs’ differently.

“Foreclosure at a rate four times the national average” to them means ample inventory from which to choose.  When a study comes forward indicating it’s the “most undervalued market in the country”, that means substantial savings now and potentially hefty value increases down the road.

This is a stampede (slight) of informed buyers.  They pay attention to signs in the market, listen to advice from successful professionals and understand the importance of timing.  With historically low interest rates and possible tax credits, they are also aware of opportunity when they see it and they recognize when it’s a good time to make a move.  By being educated and opportunistic, they see these same bad signs of Nevada’s market as good (if not great) signs of a market in which to buy.

Over the next several weeks we will be hearing from Lenders, Realtors and other Real Estate professionals flourishing in Nevada.  Follow along to see if they might help you understand this ‘bad’ real estate market differently and see why and how so many are taking advantage of it.